What Could The China-Saudi Friendship Mean For The US Dollar?
A report published by the Wall Street Journal, on March 15, highlighted the ongoing talks between Saudi Arabia and China, to price some of the former’s oil sales to the latter, in yuan. The report suggested that if the deal is confirmed, the outcome could pose a problem to the US dollar’s dominance in the […]
The Impact of Corporate Pull Out On The Russian Economy
The ongoing Russian invasion of Ukraine has led corporations across auto, energy, aviation, big tech, finance, consulting and so on, to halt business in Russia with unprecedented speed. The boycott saw McDonald’s temporarily shut down 850 outlets across Russia. On February 25, Ukraine’s Vice Prime Minister Mykhailo Fedorov tweeted a letter to Apple CEO Tim […]
India’s Abstention Highlights Its Economic Dependence on Russia
India’s decision to abstain from voting on the resolution passed by the United Nations General Assembly (UNGA), and at the UN Security Council, which demanded that Russia cease its invasion of Ukraine, indicates not its support for the Kremlin but its economic reliance on Russia for energy, weapons and support against the looming threats from […]
How Will The Russia-Ukraine Conflict Impact Indian Economy?
As the Russian invasion of Ukraine continues, India’s trading relationship with Russia has not witnessed any severe impact, however, there exists the looming prospect that it could be impacted if tougher sanctions are imposed on Russia and its administrators. The events of today will have both national and international long term and immediate implications. Particularly, […]
What Will Be The Impact Of The Russia-Ukraine Tension On Crude Oil and Trade?
Russian President Vladimir Putin’s announcement on military action in eastern Ukraine, in the early hours of February 24, led to widespread panic in all aspects, including soaring global crude oil and gold prices. Although Putin said that Russia does not intend to occupy Ukraine but only “demilitarize” it, explosions were heard in the cities of […]
Oil Prices Headed For Weekly Fall Over Fears Of Supply Disruption Due To Russian Invasion
Oil prices continued to drop on February 18, and are headed for a weekly fall due to the prospect of a possible supply disruption. The extra supply from Iran returning to the market could face issues arising from the potential Russian invasion of Ukraine. Brent crude futures fell 65 cents, or 0.7 percent, to $92.32 […]
India Blocks Access To 54 More Mobile Apps Of Chinese Origin
India banned 54 mobile apps of Chinese origin on February 15, including Singapore-based Sea Ltd’s ‘Free Fire’ mobile game. India has cited security concerns behind the latest ban, as per government sources, who sought anonymity. This latest development comes amidst ongoing tension between the two neighbours who are involved in a prolonged border dispute since […]
NFTs: Report Estimates Wash Trading Scam Of $8.9 Million
According to a report released by Chainanalysis, some people have repeatedly been selling their own non fungible tokens (NFTs) to themselves in order to artificially inflate their prices. The practice is known as “wash trading” and has been a key factor behind the NFT market’s rise to an estimated $44 billion in sales last year. […]
Union Budget 2022-23: A Look At Top Announcements
Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 today in the Parliament, during her shortest budget speech so far. She made several key announcements and highlighted the government’s focus for the coming financial year. The key highlights of the budget includes her announcement on the big private infrastructure plan guided by the Rs 100 […]
Indian Government Allocates More Defence Funds For Local Contracts
After releasing the Economic Survey 2022 on January 31, Finance Minister Nirmala Sitharaman presented the Union Budget on February 1. Sitharaman said that the country is expected to grow at 9.27 percent in 2022-23. She further said that the new financial year will focus on four pillars of development – inclusive development, productivity enhancement, energy […]
