At a time when the OPEC countries are aiding sky high crude oil prices by not producing and supplying more, supply of crude from the non-OPEC countries is likely to stagnate this year. This is indeed expected to put psychological upward pressure on the market prices. The only other way the crude oil prices can […]

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Afghan forces and NATO forces stormed into villages around the Kandahar region and killed or wounded 100s of Taliban terrorists. This has resulted in part of the Southern Afghanistan towns coming back under the government fold. The recent Jail break and resultant escape of over 550 militants has forced the government to go on the […]

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The Indian stock markets crashed today to touch new lows due to the uneasy developments on the political front. The Indian government is currently run by the Congress party with the support of the Communist party. The Communist party does not want the government to sign the Nuclear treaty with US, and has threatened to […]

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Fedex reported a loss on Wednesday for the fourth quarter and on top of it , it offered gloomy outlook for the coming quarters, citing slumping US economy and rocketing air fuel prices. FedEx, which is considered a bellwether for the broader economy of US, predicted 2009 earnings of around 5 dollars well below […]

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The present coalition government in India is lead by the Congress Party , which depends on the support of the Communist parties to stay in power. With the congress moving towards further discussions with IAEA i.e International atomic energy agency regarding the civilian nuclear pact, the communist parties are threatening to pull out of the […]

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French government is planning a major revamp activities for its army, which includes reduction in the number of troops, increasing the hi-tech equipments for the army and also providing them with all other required support to be swift and agile. The officials said that this revamp is necessary to be ready to handle any terrorist […]

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Normally Russia will go the exact opposite way of American stand on any issue ever since the cold war days. Russians were totally against the Iraq invasion for instance. but to the surprise of the entire world, especially to the surprise of India, Russia today urged India to go ahead and sign the civilian Nuclear […]

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Crude oil hit the 140 dollar mark yesterday in spite of Saudi Arabia assurance that more oil will be pumped in the market immediately. This has really baffled the consuming countries and economists fear that the whole world economy cannot escape slowdown and recession due to this oil price impact. With real extra quantity coming […]

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China which was devastated by Earthquake only few weeks back, has now been hit by dangerous floods and over the Southern China towns over one million people have been forced out of their homes. This includes over 70000 people from the Earthquake hit Sichuan province. Some of these towns are facing their worst rainfall and […]

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British Prime Minister Gordon Brown has stated that more UK troops will be sent to Afghanistan in addition to the 7800 British troops already in Afghanistan.  He said that UK is determined on its fight against the Taliban militants and terrorism and hence it is planning to send more troops to Afghanistan. He said the […]

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