Moscow will seek the “harmonious integration” of new members and boost internal cooperation and global outreach, he has said Russia has assumed the one-year rotating presidency of BRICS following its groundbreaking expansion in 2023, with […]
This cannot possibly happen to US markets because US markets are special? By Wolf Richter for WOLF STREET. Most major stock markets globally rose in 2023, some by a lot, but a bunch of them are still below […]
The World Bank, Asian Development Bank, and Inter-American Development Bank Group have announced substantial increases in funding for climate mitigation and adaptation projects. These banks aim to become key players in supporting the green transition […]
ESG funds operating in Europe are facing a forced divestment from oil and gas companies under new French regulations. Per the new regime, ESG funds that want to earn the official French label of “socially […]
The trend should continue once Cairo finalizes a free trade deal with the Eurasian Economic Union, Aleksey Tevanyan says Trade between Russia and Egypt is set to top $7 billion by the end of the […]
Although the Federal Reserve and the European Central Bank’s message regarding interest rate cuts seems clear, reiterating their commitment to reducing inflation, the market is expecting between five and six interest rate cuts, between 125 and 150 basis points, […]
News|Business and Economy Argentina has announced that it will not join the BRICS bloc of developing economies, fulfilling a campaign promise by newly elected far-right President Javier Milei who has pledged to pursue closer ties […]
CNBC Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices. […]
Russia and Iran have reportedly agreed to avoid the dollar in bilateral trade and use their own currencies instead. The move is seen as part of the de-dollarization trend among nations to shift away from […]
Oil Price A fifth of global oil trade this year was settled in currencies different from the U.S. dollar as countries such as Russia and China move away from the petrodollar. This is according to […]
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