Deutsche Bank has warned of a potential global inflation crisis hitting the world economy due to supply chain bottlenecks and commodity shortages. The forecast is contrary to the sentiment in the stocks markets, which consider the current supply crunch and consequent price rise a transitional phase. Also, Deutsche Bank has expressed worries about heavy stimulus packages overheating the economy, which could compound the problem. Irrespective of the prediction coming true
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China violates Malaysian airspace China has violated Malaysian airspace. The Malaysian air force detected 16 Chinese fighter jets flying within 60 nautical miles off their Sarawak state. This is the region where China is trying to lay its claim as per the ‘Nine-dash line’. Not only Malaysia and other countries in the region, but also the international tribunal have rejected this ‘Chinese line’. As usual, China has denied wrongdoing
The whole world is keeping its finger crossed and watching the Ukraine-Russia conflict and its outcomes. Primarily, the intention to expand NATO all the way up to the borders of Russia has led to the present conflict. With Ukrainians losing battles and yet continuing to fight without any definite goal in sight highlights how Ukraine has become a pawn in the hands of President Volodymyr Zelensky and his so-called supporters.
A day back, most news outlets published the news about ‘Pandora Papers’. It is considered the largest journalistic investigation in history that claims to expose a shadow financial system benefiting the world’s elite. The leak involves about 12 million documents revealing hidden wealth, tax avoidance, money laundering, etc. US-based International Consortium of Investigative Journalists (ICIJ) has obtained this data. Data from two countries, China and Pakistan, is considered vital in
Venezuela has reportedly arrested two Americans along with some local mercenaries who according to Venezuelan authorities, had planned a coup to oust President Nicolas Maduro by capturing him. Americans arrested in #Venezuela: #Coup or Distraction?: https://t.co/ey0XBBlcdB#WorldWarIII pic.twitter.com/Hd576Jzs5D — Samir Dattopadhye (@samirsinh189) May 7, 2020 However, US Secretary of State Mike Pompeo has contradicted the claims. Nevertheless, the story has got a curious twist after an American ‘private army’ company, ‘Silvercorp
A recent happening worth noting is the local elections that happened in France in which supporters of France’s far-right Front National led by Marine Le Pen narrowly lost. But despite the setback, the bigger story is the rising support for the French far-right which has been staunchly against the EU holding its policies responsible for decline in agriculture, fishing, deindustrialization, etc. Interestingly Le Pen has compared Brexit to the fall
Brazil, its football prowess and love for the game are remarkable and denote each other to share an inseparable relationship. The ingenious sport has fostered beyond human bonds, boundaries and today it binds Brazilians from multiple races and religions together thus enriching the Brazilian culture. The impeccable five World Cup victories of the years 1958, 1962, 1970, 1994 and 2002 have ranked Brazil above par excellence in the most sought