The latest upsurge of the conflict between Israel and Hamas has the capacity to not only cause a humanitarian catastrophe but also to disturb the global economy, potentially even pushing it into a recession. The risk is real, as Israel’s army is getting ready to invade Gaza in response to…
As Western sanctions drive Moscow and its clients to find alternatives to the dollar for settling payments, Indian refiners have started paying in Chinese yuan for the imports of Russian oil, sources said. Western disciplines over Russia’s attack on Ukraine have moved worldwide exchange streams for its trade, with India…
Saudi Arabia is a country whose economy mainly depends on exporting oil. But who would have expected that these desert lands could be a hotspot for harvesting crops? It spends billions of dollars to import food from abroad using revenue generated from oil(nearly 80% of food). Now it is trying…
The oil and petrol price in India is rising in a blink of an eye. Especially the edible oil, since it is the basic material in all of the Indian dishes ,the raise in price is hard to accept. The price has been raised up to 62% in the last…