New Delhi [India], December 3 (ANI): According to a new index, the Russian war in Ukraine and the pandemic’s aftereffects have caused the cost of living to go up by 8.1 per cent in 2022. CNN has quoted the Economist Intelligence Unit’s (EIU) Worldwide Cost of Living Index for this year, according to which 2022 […]

Raipur (Chhattisgarh) [India], December 2 (ANI): Managing director of Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL), RK Sharma, on Friday flagged concerns over dwindling coal stocks in Rajasthan which aren’t enough to run its 4320 MW thermal power project in Rajasthan. He said being one of the country’s largest coal-producing states, they are now counting […]

JOHANNESBURG – With China seeing the biggest anti-government protests since 1989, analysts say African governments are watching closely, mainly with economic concerns. For the past few days, the eyes of the world have been on the outbreak of mass protests in cities across China, with demonstrators furious at continued strict COVID-19 lockdowns as part of […]

New Delhi [India], November 30 (ANI): The rupee has come substantially off its all-time low. Currently, it is trading around 81.64-81.70 against the US dollar as against its record low of 83 it breached in mid-October, primarily due to the strength in the US Dollar Index. Where is the Rupee headed now?ICICI Direct, which is […]

The trade partners have been boosting transactions in national currencies, according to Aleksandr Novak Moscow and Beijing are developing a system of settlements which could allow cross-border transactions without using the Western financial messaging system, SWIFT, Deputy Prime Minister Aleksandr Novak revealed on Tuesday. The two countries have reportedly accelerated efforts to move away from […]

Such a move could help cut dependence on Western financial infrastructure, Izvestia reports The Eurasian Economic Union (EEU) is interested in setting up a common payment system with BRICS nations, the newspaper Izvestia reported on Monday. The Russia-led free trade bloc aims to cut reliance on the Western monetary system. The EEU was founded as […]

The new trading hub is expected to help attract foreign capital to the country The Egyptian Mercantile Exchange (EMX), which is set to open on November 27, will begin with Russian wheat being offered, the country’s deputy minister of internal trade and supply, Ibrahim Ashmawy, announced on Saturday. “Tomorrow the Egyptian Mercantile Exchange will be […]

ADDIS ABABA, Nov. 26 (Xinhua) — Some residents in Ethiopia’s capital Addis Ababa are undergoing economic hardship due to the rising prices of basic commodities, especially food items. They told Xinhua in recent interviews that the rising inflation is making life very difficult. “I have reached the situation where I can not provide enough food […]

The trade bloc offers a new model of growth entailing equal rights and opportunities for members, Purnima Anand says The role of BRICS on the global stage is increasing every day and many countries are attracted to the economic bloc by the new solutions and stability it offers, believes the president of the BRICS International […]

KUALA LUMPUR – Longtime opposition leader Anwar Ibrahim was sworn in as Malaysia’s prime minister Thursday in a victory for political reformers who were locked in a battle with Malay nationalists for days after a divisive general election produced a hung Parliament. Anwar took his oath of office in a simple ceremony at the national […]