One normally finds such tit-for-tat actions in today's world of economics. For instance, the U.S. and China place tariffs and restrictions on each other. Such tit-for-tat activities are common with larger economies but developing countries ...
The conflict between Iran and Israel is rooted in multiple political, religious, and regional factors. Although their relationship has frequently been characterized by hostility, it was not always adversarial. During the Shah's era, Israel ...
The strategic partnership between India and Russia has been characterized by its continuous expansion beyond mere diplomatic ties. This relationship, which spans various fields such as nuclear energy, space, defense, and trade, has been bui...
The G20 Summit of 2023, hosted in India under its stewardship, marked a watershed moment in global climate action with a groundbreaking commitment — the tripling of global renewable energy capacity by 2030[1]. This bold and ambitious target...
For the first time, India has taken on the presidency of the G20. This historic event has emphasized the country's rising status as a worldwide leader. India has been able to take the lead in tackling numerous challenging global concerns.It...
In a quest to conserve critical materials and foster long-term solutions to ensure an orderly energy transition, governments all over the world are adopting a forward-thinking approach and foresight to avoid potential delays to the energy t...
In a surprising turn of events, China’s exports rose unexpectedly in March this year, bouncing back from a decline in the United States and European demand following interest rate hikes aimed at curbing inflation. According to the customs d...
The global fertiliser prices hit all-time highs in the spring of 2022 following Russia's invasion of Ukraine in February. The Russia-Ukraine conflict exacerbated an already precarious global supply scenario that began in 2020 with COVID-19-...
On July 27, 2022, a large group of Iraqi protestors led by the Shiite cleric Muqtada al-Sadr attacked the Council of Representatives of Iraq building in Baghdad's Green Zone. The storming often referred to as the "Ashura Revolution" or the ...
G7 countries finally set the highly anticipated price restriction on Russian oil at $60 per barrel on December 3, 2022. This price ceiling applies to crude oil, petroleum oils, and oils derived from bituminous materials produced in or expor...
Oil, which accounts for approximately 3% of global GDP, is regarded as one of the most important commodities in the world, as it powers everything from everyday items such as crayons, credit cards, paints, and pens to high-end items such as...
Recently, Saudi Arabia and its OPEC Plus allies, including Russia, agreed to an unexpected drop in the oil supplies, which will result in the soaring up of oil prices worldwide. The move is seen as a rebuke to the statement made by United S...
