World & Politics
Indonesia growth interlinked with investment: World Bank - 03/19/2015
A new World Bank report has revealed that rapid growth in Indonesia will be strongly interlinked with investment growth in 2016. The March 2015 edition of the Indonesia Economic Quarterly noted that economic growth in the Asian country has moderated to 5.0 % in 2014. The country continues to be affected by lower global commodity prices caused by a slowdown in China. The report underlines the...
Europe approves China-led Asian investment bank - 03/18/2015
China-led Asian investment bank has been garnering slow and steady support from western nations. Right after Britain showed support to the bank, Germany, France and Italy have also come to the front with their approval. This combined support will be a blow to the US who is looking at any European engagement with China’s fast growing economy as a threat to the West-backed World Bank. Meanwhile,...
Is America on The Verge of Default? - 03/17/2015
US national debt exceeded 18 trillion and reached statutory "ceiling” on Monday, reported the Ministry of Finance. From Monday and until the approval of Congress new borrowing US Treasury will take "extraordinary" measures to continue to pay for the obligations of the government. The United States is one of the few countries where the law is set "ceiling" of government borrowing. US Treasury...
Iran and Saudi Arabia: Rivalry Leads to Nuclear Threats - 03/17/2015
If an agreement with Iran on its nuclear program fail, Saudi Arabia, too, will start its nuclear program, Riyadh said. The Saudis have always promised to respond to bomb bomb, but right now, when the negotiations are near to the completion, this issue is particularly troubling them. It threatens the proliferation of nuclear weapons in the entire Middle East. On Monday, an influential member of...
Russia Lowered Interest Rates – To Ease Struggling Economy - 03/16/2015
Key rate was lowered for the second time in an attempt to accelerate the economy. Central bank of Russia slashed it interest rate by 100 basis points to 14% in an effort to stimulate its struggling economy on 13th March 2015. As the economy is faltering, the inflation rate drops down. This move point towards regaining back of confidence and also that the worst scenarios of economic uncertainty...
Iran Nuclear Deal Facing Obstacles - 03/16/2015
The nuclear deal between Iran and 6 major countries of the world is on its way to reach an agreement. It is believed that eventhough the nuclear agreement is very close, yet it is said to be quite distant as there are certain details which needs to be taken care off. The US and its allies, particularly Israel suspects that Iran will be involved in developing nuclear weapons under the cover of...
Putin Finally Appears in Public - 03/16/2015
Vladimir Putin appeared in public for the first time since March 5. He holds a meeting with the head of Kyrgyzstan Almazbek Atambayev, who said before the talks about the health of Putin: "Not only walking, but also drives the wheel" In the Constantine Palace (residence of the President in St. Petersburg), negotiations began between Vladimir Putin and the head of Kyrgyzstan Almazbek Atambayev,...
A Halt in Growth of Carbon Emission Worldwide - 03/13/2015
IEA says stall in carbon dioxide emission despite growth in worldwide economy in 2014. World carbon emission marked an exceptional no growth in 2014, for the first time ever in past 4 decades. Despite increasing carbon emissions, IEA states that the carbon emission levelled off in 2014, may be due to the positive impact of clean energy policies across the globe. This is a clear indication that...
Iceland's Farewell to EU - 03/13/2015
Yesterday it was announced that Iceland has withdrawn its application for membership in the European Union, which was filed in 2009. Yesterday it was announced that Iceland has withdrawn its application for membership in the European Union, which was filed in 2009 - reports AFP. The decision was not momentary; before Prime Minister Sigmundur Davíð Gunnlaugsson reported that Iceland is preparing...
Swedish Prosecution Filed a Request for Questioning Assange - 03/13/2015
If Assange agree, then Swedish prosecutor's office intends to send a request to British law enforcement agencies to assist in the conduct of investigative activities Swedish prosecutor's office intends to interrogate in London WikiLeaks founder Julian Assange, who is suspected in Sweden with rape and sexual harassment. Marianne Ny, the prosecutor, today sent a request to Julian Assange’s...
