The Indian-origin economist said that economies are reevaluating their trading partners based on economic and national security concerns following disruptions such as Covid-19 pandemic and Russia’s invasion of Ukraine. Economists have dubbed this phenomenon 'trade fragmentation'. She said that trade fragmentation is much more costly this time around, compared to the cold war. That's because the goods trade to GDP ration stood at just 16% at the start of the cold war. That ratio now stands at 45%. Higher the ratio, lesser is the trade.

Gita Gopinath: Sanctions risk driving gold rush in China-led bloc

Chinese smartphone maker Huawei has gone local amid the ongoing US-China tech war. Reports suggest that its new phone uses more China-made components, including chips.

Huawei's latest phone features more Chinese suppliers: Report

The storms continue an outbreak of torrential rain and tornadoes that has cut across the US. Severe storms and tornadoes killed two people in Tennessee and another in North Carolina. Watch in for more details!

Tornadoes tear through Southeastern US, at least three dead

The UK has stripped a gothic Russia-owned castle in Kent of its diplomatic status. The Castle was built in 1871, it was later gifted to the Soviet Union for its help in Britain's fight against the Nazis. Did Putin convert the property into a spy house? Was the castle used to recruit spies in the UK?

Gravitas | Kent Kremlin: Putin's spy castle in the UK

European companies are increasingly pessimistic about the business environment in China. A recent survey by an industry body shows that European companies are increasingly uncertain about their investments in China, amid the economic slowdown and geopolitical uncertainty.

Survey: Two-thirds believe doing business becoming difficult

The Biden administration is poised to announce new tariffs targeting key sectors in China. These tariffs, expected to be unveiled as soon as next week, are part of President Biden's effort to assert a different approach to trade policy compared to his predecessor, Donald Trump.

US President to announce tariffs targeting strategic sectors

China is facing a mounting retirement crisis as a significant portion of its workforce finds itself unable to afford to stop working. With 13% of its workforce over the age of 60, rivalling figures seen in the united states, the strain on government benefits is palpable.

China grapples with ageing population, 94 million workers above the age of 60

In the aftermath of the ongoing conflict in Gaza, Israel finds itself grappling with the staggering financial aftermath. Data from the finance ministry shows the total cost of conflict at $16 billion. The nation's budget deficit has surged to surpass 7% of its gross domestic product. A significant portion of this expenditure, nearly 36%, has been allocated to defence. Despite efforts to mitigate the fiscal impact, tax revenues have declined by 2.2%, exacerbating the widening fiscal gap.

Israel- Hamas war: Central bank estimates total conflict to cost $68 billion

Watch the top headlines of the hour: - Netanyahu says, 'Israel will stand alone' - Israel hits Rafah despite US warnings - Hamas: Ball completely in Israel's court - Israel in Eurovision 2024 final - Stormy Daniels finishes her testimony - Senegal airport: Boeing 737 catches fire

Senegal airport: Boeing 737 catches fire | Stormy Daniels finishes her testimony | WION Headlines

Russia said that sending NATO troops into Ukraine would potentially be extremely dangerous, and Moscow was closely watching a Ukrainian petition that called for such an intervention. Watch in for more details!

Russia-Ukraine War: Russia warns of 'enormous danger' if NATO sends troops to Ukraine

Russia-Ukraine War: Dangers of direct NATO-Russia confrontation

In Japan, loaves of bread were removed from store shelves following the discovery of the bones of "a small animal" that was thought to be a rat. Watch to know more.

Japan: Rat remains found in Japanese bread, over 100,000 packets of bread recalled

Author

Zee News Rajasthan

Editor

Wion Video Team

Home

Live Tv

Latest

World

India

Business

Entertainment

Sports

Opinions

Videos

Photos

Gravitas

Lifestyle

Science

Tech

Rajasthan News in Hindi: In-depth coverage of Rajasthan Crime, Political News, Education, Rajasthan Weather Update and Latest Rajasthan News on Zee News Rajasthan.