Brussels: It has been exposed that the inflation has flared up to record levels in the European countries against the background of the Russia-Ukraine conflict. In April, the inflation rate was recorded at 7.5% in the Eurozone, a part of the European Union. This is a record for the last 25 years. It has been […]
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Beijing: While the outbreak of the Coronavirus pandemic and the lockdowns imposed given the pandemic are adding to the discontent of the Chinese population, a more disturbing report has surfaced. It has been exposed that there is a huge growth in unemployment among the youth in the urban regions. The Chinese National Bureau of Statistics […]
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Washington: If the Chinese government intends to make its currency Yuan the global reserves currency, they have to implement more reforms. The International Monetary Fund (IMF) advised that China will have to lift restrictions on the capital marketplace and decide to make the currency fully convertible. Gita Gopinath, the Chief Economist at the IMF, gave […]
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Moscow/ Washington: International Monetary Fund (IMF) chief Kristalina Georgieva has warned that prolonged slowdown in the Chinese economy will adversely impact on the global economy. She said that China has a chance to revive its economy; however, it will be important to see what measures are taken. A few days back, the IMF warned of […]
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Washington: The uncertainty in the global economy has increased further due to the Ukraine conflict. International Monetary Fund (IMF) has warned that this uncertainty could slow down the global economy. The IMF will be releasing a report named ‘World Economic Outlook 2022’ in the next few days. This warning becomes significant against this background. Besides, […]
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Tokyo/Seoul/Moscow – There has been a rise of Coronavirus infection in South- East Asian countries, including China, mainly due to the celebrations of the Lunar New Year. Japan, Indonesia, South Korea, Singapore, and Vietnam have reported a high number of cases in the last few days. China has imposed a lockdown in the city of […]
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Washington – The intensity of the Coronavirus pandemic has increased in the United States. More than 2,000 deaths are being reported per day. Such a huge number of deaths have been reported for four successive days. Besides, 3,564 deaths were reported on Friday. In the last 24 hours, 879,877 new Coronavirus cases were reported from […]
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Washington/Beijing – Cathie Wood, a leading investor from the United States, warned that the US economy is possibly going into recession and the Chinese economy is also being hit. Whereas, British investor Jeremy Grantham cautioned that the US stock market is in the last stage of the Super Bubble and the market may suffer a […]
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Washington/London: – US President Joe Biden has warned that this winter will be a ‘Winter of Death’ for those who have not been vaccinated, as the spread of the ‘Omicron variant’ is on the rise. Experts in European countries have echoed Biden’s warning, and the number of corona deaths in the United Kingdom could rise […]
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Beijing – Fresh Coronavirus outbreaks and decline in the investment, retail, hoteling and real estate sectors have once again slowed down China’s economy. In the July-September quarter, China’s economic growth slowed by 0.8 per cent. New figures show that the Chinese economy continued to suffer for two consecutive months in October and November. Analysts are […]
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