Indo-Russian partnership might just evade the global headwinds of recession

Indo-Russian partnership might just evade the global headwinds of recession

Global economy is under immense stress following Russia’s invasion of Ukraine. Indo-Russian partnership may emerge as a resilient power amidst the challenging external environment. The Context Covid-19’s departure from the global landscape was expected to bring in stabilization. Economies acquired independence from years of financial disruption. However, Russia’s invasion of Ukraine, has encouraged the dormant … Read more

“Pasta Crisis”? What Happened To Italian Staple?

Image by: Cristiano Bendinelli for The New York Times

Italy’s popular staple food- Pasta, is in an inflation crisis. Pasta prices have risen by 17.5% in March and 16.5% in April according to Italy’s Ministry of Business. This food Inflation is more than double the inflation of the country’s consumer price index, which grew only 8.7% for March and 8.1% for April. The elevated … Read more

G7 Leaders Set to Impose Strong Sanctions on Russia

G7 Leaders Set to Impose Sanctions on Russia

G7 countries will take comparable actions to further isolate Russia and limit its capacity to conduct war in Ukraine The first full day of the Group of Seven summit was scheduled to be mostly devoted by international leaders to devising additional sanctions against Russia for its 15-month invasion of Ukraine. Along with North Korea’s months-long … Read more

G7 Addresses Bank Security and Supply Chains; China Criticizes

Barchart,

G7 advanced economies convened closed-door financial talks in Japan on May 12, addressing important issues such as bank runs, cyber security, and the establishment of more resilient supply chains to ensure economic security. The G7, with Japan as its only Asian member, addressed significant challenges this year, including rising tensions with China and Russia due … Read more

Russian Forces Unleash Indiscriminate Attacks Amid Ukraine Pressure

Ukrainian-held Mala Tokmachka, located in the Zaporizhzhia region just over a mile (2 km) from Russian-held territory, has been rendered ghostly and battered by shelling, leaving the school’s front ripped off and the centre plaza pockmarked. Fallen pine cones are mixed up with shrapnel. The blasts had recently increased, according to Raisa, a local lady … Read more

Ukrainian drones attack on Kremlin Thwarted, Putin Safe

The Russian presidential administration has verified that the Kremlin has claimed that it was assaulted by Ukrainian drones overnight in what it believes was an attempt on Russian President Vladimir Putin's life.

According to Kremlin, the event was both a “planned terrorist attack” and a “assassination attempt on the president of Russia.” The Russian presidential administration has verified that the Kremlin has claimed that it was assaulted by Ukrainian drones overnight in what it believes was an attempt on Russian President Vladimir Putin’s life. According to the … Read more

Russia Slams Ukraine for “Ridiculous” Tweet on Kaali, Accuses Ukraine of Disrespecting Religious Beliefs

Russia has chastised Ukraine for disregarding people’s religious beliefs all across the world. It further alleges that the country adheres to Nazi-related philosophies. The Ukrainian defense ministry was regretful about a tweet they had made on Twitter regarding the Hindu deity Kali. According to reports, the tweet was insulting because it ridiculed the goddess Kali … Read more

IMF lowers its global growth forecast, predicting that most countries will avoid a recession.

IMF lowers its global growth forecast, predicting that most countries will avoid a recession.

The IMF revised its January predictions downward by 0.1 percentage point to predict that the world economy will expand by 2.8% this year and 3% in 2024. Washington: Geopolitical worries and Despite the economics, the International Monetary Fund on Tuesday modestly downgraded its outlook for the world economy and predicted that the majority of nations … Read more

Japan and European Union reject the US proposal for an export ban on Russia

Japan and European Union had refused the proposal of the export ban on Russia; saying it is not feasible The Group of Seven (G7) is considering a plan to impose a total export embargo on Russia to show solidarity with Ukraine, which Russia invaded 15 months ago. However, Japan and the European Union are said … Read more