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Earthquake Gives A Blow To Japan Economy
Japanese automakers and oil refineries and electronic firms have shut down their operations in Japan, pushing the economy on the brink of crisis. Sony has closed down eight of their factories as the production system has been completely hampered by the massive earthquake that rocked Japan on 11th March.
Russia Consents To International Monitors In Crimea
After desired modifications in terms of the objections raised by Russia, it has finally affirmed to the idea of deploying international monitors in crisis-hit Ukraine. The Organization for Security and Co-operation in Europe green signaled a 100 strong mission for Ukraine on Friday- a decision which was supported by 57 of its members. Earlier Russia […]
Reliance Of U.S. On Saudi Arab Oil Increases
Of late, it has been seen that United States has increased its reliance of Saudi Arab for oil. Although the escalation in the import rate of U.S had been noticed since the former summer, the pronouncement has been observed this year when the growth mark crossed 20%.