Author: Gupta.Utkarsh

The Real Estate Giant of China, Evergrande, has filed for bankruptcy in the United States, the affiliated companies under Evergrande have also filed for bankruptcy in Manhattan bankruptcy Court. This comes at the time when China’s economy is weakening and its exports are falling at a significant rate. Evergrande has become the talk of the town in the debt crisis as China’s property crisis worsens. The firm has a total liabilities of around $300 billion. Various other property developers have defaulted since then in the country. Morgan Stanley this year has cut China’s growth to 4.7% which was predicted 5%…

The Afghan Taliban recently celebrated their two years of government on the 15th of August. The Taliban took control of Afghanistan on the same day two years back. Well for the people of Afghanistan, the revival of the Taliban will not be a new concept or model. They have faced this before as well, this is a continuation of the country’s 42 years of instability. It started back then when the Soviets annexed Afghanistan to make it a puppet state, the tribes revolted with their groups and guerilla techniques. Najibullah’s pro-communist government was toppled as the soviet left the country…

The Indian Government is in the process of selling some of its stake in the state-owned Indian Railway Finance Corp (IRFC). At present the government is owning about 86 per cent of the IRFC fund arm. The bifurcation of the stake has not been decided to disinvest but the sell will surge up to 11 per cent in multiple samples. Last month itself the government sold around 5 per cent of its stake in a state owned railway company Rail Vikas Nigam limited and interestingly both companies are doing great. In the listing Rail Vikas Nigam Limited closed at ₹124.65…

Palestinians in Gaza are facing severe heatwaves and power cuts, the population living in Gaza is estimated to be around 2.1 million and has been Israel imposed a security watch and air blockade. The strip can be divided into 5 main sectors of land: North Gaza, Gaza City, Deir el-Balah, Khan Yunis, and Rafah. It can be easily calculated that the area is overpopulated. Patients and business workers are facing severe problems, the temperature is shooting up to 38 Degrees Celsius. 12-hour power cuts have become quite normal in the region which is sandwiched between Israel and Egypt. Hamas, the…

South America has been under a grip of constant increase in crime rates,especially Ecuador. Recently, Villavicencio, a former lawmaker and journalist was assassinated a week back in Quito. He was assassinated just after he finished his campaign event.  Six accused have been arrested and charged with murder and one was shot in a shootout. The court has denied any type of bail and gave orders to the police to keep the accused under their custody. Interestingly all the accused are Colombian Nationals. Thousands of Ecuadorian soldiers and armed police personnel have been asked to move a gang leader. The name…

Uzbekistan has started the trial on the death of 65 children which were linked to the contaminated cough syrup. This is the highest death toll before. Indian company Marion Biotech is the company that produced this cough syrup. Before this Tashkent had announced the death of 20 children. The Uzbekistan Supreme Court said in a statement that there are 21 officials who are the defendants in the case. These are the ones who were enforced to be in charge of license and imported medicines checks. India directed medicinal manufacturers to stop using the compound propylene glycol which they received from…

Niger’s new leaders announced the formation of the new government and it struck with a force to the opposing members. On Thursday West African leaders comprising ECOWAS met to discuss Niger as their new problem and the points to tackle. Niger is continuously ignoring the deadline set by ECOWAS. The previous government was encircled with 43 ministers and none of them had relations with the Military. Antonio Guterres, the UN Secretary-General, showed his concern for Mohammad Bazoum and his kin as they were detained at the presidential residence without means of daily requirements and essentials. The self-declared leader said the…

Brent Oil touched its peak since April on Wednesday as OPEC Giants Saudi Arabia and Russia cut the supply over China’s low demand. Although the Saudi government reaffirmed its support for the OPEC+. Brent peaked at $86.94 which was the highest mark since April 13.Crude has touched its continuous sixth gain, On Tuesday China’s oil imports fell by 18.8% from the previous month. Saudi Arabia already cut its voluntary production by 1 million barrels last week which follows the old path of Russian export by 300,000. OPEC+ agreed on a deal to cut its supply by 2024, OPEC which can…

Indonesia has delayed the launch of its high-speed rail trial until next month. This acts as a setback for them, the firm said on 8 August. This project is part of the Belt and Road Initiative and was set to be completed by 2019 but has seen significant delays. This a super mega project connecting Jakarta to Bandung, it is a fine example of how geopolitics can determine so many things in any part of the world. Japan has tried its best to export Shinkansen to Indonesia, Indonesia does have similar geographical demographics to Japan.Moreover, Japan had funded to study…

Amid the heatwave and wildfire crisis in Southern Europe, the Sun’s power generation has played a leading role as an important source to avert the electricity crisis. Temperatures have broken records in the area, tourists were rescued from countries like Greece and Italy.Spain also has observed high temperatures. The General Secretary of Eurelectric said it acts as an important tool in times when air conditioning has become a necessity. There were videos on the internet where fires could be seen approaching Highways and Airports in various countries. Spain and Greece have significantly invested in this to bypass high energy prices…