Author: Shagun Thapliyal

As the date of June 1 comes closer, US leaders come together to discuss the crucial Debt-Celling Policy which could have an impact not only on the American Economy but also on the global economy. With the impending date of June 1 coming closer to the US policymakers, The President of the US, Joe Biden met House of Representatives Speaker and Republican Leader Kevin McCarthy for a discussion of the US debt-ceiling Policy. The two major American Parties, the Democrats and the Republicans were working to find common ground on spending levels and energy regulations before the meeting between Biden,…

Group of Seven (G7) are pushing for more sanctions against Russia despite their harrowing situation on what approach will be taken Group of Seven (G7) nations have planned to increase and tighten the sanctions on Russia at their summit in Japan this week. These new measures are targeted at energy and exports aiding the Russian War efforts in Ukraine. These measures were announced will be announced during the main summit taking place on May 19-21,2024 in Hiroshima. The joint statement will target sanction evasions which involve third countries as well as trade segments that could support Russia. Understanding G7 G7…

The President of Russia’s all-weather ally state, Belarus, has been away from the public eye in the last few days. The Prime Minister’s appearance at a state ceremony raises more questions about the leader’s missing status. The President of Belarus, Alexander Lukashenko, wasn’t seen in the public eye during the past week. He also stayed absent during the “Flag Day” celebrations in the Belarusian capital Minsk. As per the local news media, BelTA state news agency, The Prime Minister of the country, Roman Golovchenko, took the President’s place by reading a message from the President’s side during the event. He…

The Political tide shifted to the Right, which gained the majority in the Constitutional Advisor selections in the South American Country. It is headed for its second constitutional drafting in less than one year. Chilean right-wing parties get the majority in the election of advisers who will draft a new constitution. 95.13% of ballots are tallied, whereas Chile’s Republican Party secured about 35% of the total vote. The Republican Party is led by former presidential candidate Jose Antonio Kast. A coalition of right-wing parties, excluding the republican party, have obtained over 20% of the vote. Current President Gabriel Boric’s left-wing…

The owner of the Infamous Military outfit shared his remarks on the conditions faced by his men and how the group is heading towards its end in a video interview Russia’s infamous Private Military Organization, Wagner Group may not have a future. The owner of the group, Yevgeny Prigozhin gave his comments on the video to a blogger. However, there is no clarity on the nature of the seriousness of the remarks he made. In recent times, he has been critical towards the lack of support from the Russian Army and even accused the top-level officials of betraying his men.…

The Japanese Yen keeps its stable exchange rate on the eve of the Bank of Japan’s meeting under the new Governor for the country’s upcoming monetary policy. Japan is seeking to push up its economy amid global recession concerns and regional dangers under the leadership of newly appointed Central Bank Governor, Kazuo Ueda. The Bank of Japan will conduct a meeting this weekend on examining the current situation. The country’s economic growth expectation for 2024 has been projected to be around 1.8% as per the IMF. Prime Minister Fumio Kishida’s government will have pressure on the revival of the economy…

Pressure brews in the National Congress of Brazil for an investigation into the contentious event that shook the world earlier this year. The National Congress of Brazil has opened an inquiry on the January 8 Event. On January 8, Governmental Buildings in Brazilla, the capital of Brazil were stormed by the supporters of the former president, Jair Bolensenaro. The protestors denied the electoral victory of the Current President Luiz Inacio Lula da Silva. A joint session was conducted in which political parties started to select the members of the committee which will consist of a total of 32 members, 16…

Former Acting President Juan Guaidó arrived in the American City of Miami after he was deported from Colombia. The leader actively advocates the opposition against the Nicolas Maduro Government and has faced threats from the Venezuelan President since 2020. He has also urged the Venezuelan Refugees living in other parts of the world to speak up and expose the atrocities and hardships faced under Maduro’s leadership. Crisis in Venezuela Venezuela has been gripped by an economic crisis due to various economic factors as well as the crashing oil prices in the mid-2010s. The country’s status as a petrostate, a term…

The African nation gets a respite in the IMF-approved funds after showing potential for economic growth. The International Monetary Fund (IMF) approved the first review of Tanzania’s three-year extended credit facility after the meetings were conducted in February 2024 in the cities of Dodoma and Dar Es Salaam. The conclusive findings enabled the disbursement of about $153 million in budgetary support in the context of Tanzania’s progress in the economic reform program, highlighting the competitive global economic environment. IMF Deputy Managing Director Antoinette Sayeh stated that the Performance of the African Country has stayed strong, fulfilling all the benchmarks for…

Cuba’s aspiration for economic recovery has led to warming up ties with the Asian Tiger, Singapore in order to counter the American Blockade. Singapore and Cuba have been warming up their diplomatic relations in recent years. The two countries have conducted several state-level visits as well as signed cooperation-related agreements for deepening the ties. The visit is one of the major highlights of Cuban President Miguel Canel’s newly begun second term and his goal of bringing up the Cuban Economy after a long period of slowdown due to the pandemic and declining tourism. Cuba has been engaging with South East…