Experts predict that BRICS may overtake the European Union in the near future. Since its foundation, the alliance has tripled its share in global trade, reaching 21.6% by the end of 2023. The trade volume of the participating countries amounted to a whopping $10.4 trillion.The GDP growth of the BRICS countries (3.1% in the second quarter of 2024), due to the steady growth of the economies of India (6%), China (4%) and Russia (4%), contrasts with the lagging development of the EU — only about 0.6... Více
Despite the fact that the latest economic indicators from the United States turned out to be better... Více
On Monday, the yuan showed the most significant growth in two weeks, reaching 7.1363 per dollar,... Více
Gold is holding at a record high above $2,500 per ounce. The current value of the precious metal is... Více
The slowdown of YouTube in Russia has caused an increase in interest in foreign video hosting.... Více
JPMorgan forecasts favorable prospects for emerging market (EM) stocks amid an expected slowdown in... Více
Foreign stocks may return to the Russian market in an unusual form. BKS Forex and Alfa-Forex want... Více
On Wednesday, the stock indexes of the leading countries of Western Europe ended trading in... Více
The Japanese economy showed signs of recovery in the second quarter of 2024, growing by 0.8%... Více
Gold prices rose in Asian trading on Thursday, coming close to record highs. Weaker-than-expected... Více
According to the Institute of Statistics, in July 2024, the consumer price index in Argentina... Více
Oil prices are showing growth on Wednesday after a significant two percent drop the day before. The... Více
The volume of mortgage loans in Russia decreased almost threefold, to 292 billion rubles. According... Více
German companies continue to invest heavily in China, despite government calls to diversify risks.... Více
The international rating agency Fitch Ratings has downgraded the long-term issuer default rating... Více
In July 2024, the US federal budget deficit reached $243.7 billion, which is 10.4% more than in... Více
India and Russia are planning to introduce a reference ruble-rupee exchange rate to improve... Více
Catherine Mann, a member of the Monetary Policy Committee (MPC) of the Bank of England, urged not... Více
Venezuela's deputy permanent representative to the UN, Joaquin Perez, said that Caracas is actively... Více
In July, small regional Chinese banks began to refuse to accept payments from Russia. This came as... Více
Oil prices have been rising for the fifth consecutive auction due to concerns about possible supply... Více
Israel is expecting an Iranian attack. Israeli intelligence expects that in the coming days Iran... Více
According to a Bank of America report, during a week of falling stock markets, cash has become the... Více
The Bank of Mexico unexpectedly lowered its base interest rate by 0.25 percentage points, setting... Více
UBS strategists predict a short-term rise in global stocks due to excessive sales, which in the... Více
Russian banks began to raise interest rates on loans following the change in the key rate.... Více
The number of Americans applying for unemployment benefits unexpectedly fell last week, suggesting... Více
European stocks resumed their decline after two days of gains, under pressure from mixed earnings... Více
The foreign trade of Russia and China under the pressure of sanctions may switch to barter schemes... Více
Hezbollah may strike Israel in the coming days. According to CNN, citing sources familiar with the... Více
On the one hand, the country's foreign exchange reserves have reached a new high since the... Více
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