Moscow: – Dmitry Peskov, the spokesman of the Russian government, confessed that the West has declared an economic war against Russia and it is absolutely unprecedented. The economic war has delivered a massive jolt to the Russian economy. Hence, it is difficult to predict the future. The United States and its allies have imposed sanctions […]
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Brussels/Beijing: A new development has occurred in the ongoing tensions between Europe and China over issues such as Hongkong, Xinjiang, Taiwan- Lithuania. European Union has declared to invest €150 billion in the African continent to challenge China’s ambitious Belt and Road Initiative. The European Commission announced it on Thursday. Consequently, it also revealed that this […]
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Buenos Aires: – Repercussions of the agreement signed by Argentine President Alberto Fernandez with the International Monetary Fund (IMF) for loans worth billions of dollars are being felt in the Argentine capital Buenos Aires. Thousands of people are protesting against this loan agreement with the IMF. The protestors demanded that they do not want a […]
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Washington: – The US national debt has reached $30 trillion. This is a new record for the US economy. In the last two years, there has been an addition of $7 trillion to the US national debt. This includes the special provisions of $5 trillion for the various schemes to counter the Coronavirus pandemic. The […]
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New Delhi – Finance Minister Sitharaman said, ‘We have presented a budget, in the 75th year of independence that will lay the foundation for the next 25 years.’ She added, ‘We have made it our priority to present a budget that sustains the country’s economic development.’ On the other hand, Prime Minister Narendra Modi welcomed […]
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Colombo: – India has announced loan assistance of $500 million to Sri Lanka. India has said that this assistance is being provided to Sri Lanka, which is going through a major economic crisis, for oil imports. At the same time, reports were being received that Sri Lanka has escaped being declared bankrupt by repaying an […]
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New Delhi – Following the talks with the Foreign Ministers of the United States and Russia, Indian MEA S. Jaishankar held telephonic talks with Foreign Ministers of Australia, Indonesia, Maldives and Bhutan. However, the details of the talks have not been released. But there were comprehensive discussions for strengthening the bilateral cooperation. It is important […]
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Canberra/Honiara/Beijing: – Violent riots have erupted on the Solomon Islands, with a pro-Chinese regime in the Pacific. The agitation against Prime Minister Manasseh Sogavare, who broke ties with Taiwan under Chinese pressure, has turned into a riot. Violent mobs have set fire to government offices and police stations, including in the Chinatown area of the capital […]
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Beijing: – After Evergrande, China’s leading real estate company, indications are that other big companies also may default in debt repayments. They include Fantasia, Scenic Holdings along Modern Land. It is learned that the company defaulted on payment to the tune of $250 million. Analysts predict that the energy sector crisis and the Coronavirus pandemic’s […]
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Riyadh – Pakistan’s Prime Minister Imran Khan said that Kashmir is the only issue between India and Pakistan. If this issue is resolved through dialogue, both countries will reap the immense benefits of cooperation. This will open trade routes for India to the Central Asian countries. However, Imran Khan suggested that this would not be […]
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