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...

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...

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,...

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...

Yesterday it was announced that Iceland has withdrawn its application for membership in the European Union, which was filed in 2009. Yesterday it was announced that Iceland has withdrawn its application for membership in the European Union, which was filed in 2009 - reports AFP.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...

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...

According to the international agency, a review of the impact of recent political developments in the country has exposed the risk on its bank programs, thus culling the operations temporarily in the country. The suspension is for all projects financed by the International Development Association (IDA). The IDA is World Bank’s specific arm for the world’s poorest countries. The review started...

International Monetary Fund has raised its growth forecast for India in the current fiscal to 7.2 percent. The organization has lauded the country calling it as a bright spot in the landscape of global economy while also pointing out obvious flaws in its growth curve. In the yearly assessment report, IMF has noted that India has emerged as one of the fastest-growing big emerging market...

The geopolitical tensions between Ukraine and Russia has sent ripple impacts across the globe. The start of year 2015 has proved rocky for the European democracy. This was mainly led by Eurozone crisis and rise of discontent within its political system that gave way to different forms of populism. The trade dispute triggered Russia’s conflict with Ukraine. With the withdrawal of government...