Financial Sanctions – Hastening The US Economic Decline?

With the pivotal role played by the US military-industrial complex in WW II, the US displaced Britain as the dominant global economy and since then the US dollar has been…

By Col Deepak Kumar (Retd.)

Rupee depreciation against US dollar lower than other major currencies: CEA

New Delhi, Jul 20 (PTI) Chief Economic Advisor (CEA) V Anantha Nageswaran on Wednesday said that the depreciation of the rupee against the US dollar has been lower than other…

Rupee at life-time low to hit imports, overseas education, travel

New Delhi, Jul 15 (PTI) The Indian rupee nearing 80 to a US dollar will make imports of items from crude oil to electronic goods, overseas education and foreign travel costlier…

Isolated Russians scramble for hard currency, fear worse is yet to come

MOSCOW (Reuters) - Queues of people snaked through Moscow shopping malls on Tuesday as the scramble for hard currency continued, and Russians faced increasing isolation as sanctions made travel harder…

Lira on four-day skid as Ankara struggles to hold confidence

By Ezgi Erkoyun and Nevzat Devranoglu ISTANBUL (Reuters) - The Turkish lira fell as much as 6% on Thursday, extending a four-day slide after last week's big gains, as the…

Global finance system partly to blame for inequality – World Bank’s Malpass

By Andrea Shalal WASHINGTON (Reuters) - World Bank President David Malpass on Monday said fiscal and monetary policies were operating in "uncharted territory" since the start of the COVID-19 pandemic…