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... Read More
The Financial Action Task Force (FATF) has removed Turkey and Jamaica from the grey list. At the... Read More
Bitcoin, which reached historical highs in March 2024 and then fell significantly, may again... Read More
In June, consumer prices in the eurozone increased by 2.5% year-on-year, as indicated in the... Read More
On Tuesday afternoon, oil prices continued to rise, due to concerns about the hurricane season in... Read More
The World Bank has recognized Russia as a high-income country. In the report for the period from... Read More
On Monday, the euro strengthened after a less significant than expected victory of the far-right... Read More
The companies that left Russia replenished the budget of the Russian Federation by 84 billion... Read More
LNG supplies from the United States to Europe have declined sharply, which could cause a serious... Read More
The Central Bank of Sweden (Riksbank) kept its key interest rate at 3.75% per annum at its meeting... Read More
On Thursday, gold prices are showing a rise after falling to a two-week low in the previous... Read More
On Thursday, the Japanese yen continued to decline, and the USD/JPY pair reached its highest levels... Read More
The EU has eased sanctions: partial transfers from Russia are allowed. The European Union has... Read More
The head of the central bank of Finland and a member of the ECB governing Council, Olli Rehn, said... Read More
Before the elections in the UK, which will be held on July 4, the pound strengthened on... Read More
BRICS has decided to temporarily suspend the admission of new members. According to Lavrov, the... Read More
Turkish Lira hits record low: The dollar exchange rate exceeded 33 Turkish liras. At the auction on... Read More
According to foreign trade statistics, the supply of petroleum products from the United States to... Read More
The European Union is reducing political contacts with Georgia because of the law on foreign... Read More
Last week, the price of Brent crude oil fell by 0.7%, ending the week at about $85.2 per barrel. On... Read More
Today, the yuan on the Moscow Stock Exchange fell by 1.2% after the announcement of the Russian... Read More
As part of the 14th package of anti-Russian sanctions, the European Union banned its companies... Read More
The desire of Asian countries to join the BRICS is growing. Malaysia and Thailand have announced... Read More
Analysts at RBC Capital Markets remain cautious about gold, considering it overvalued after... Read More
Following the example of the United States and the EU, Canada plans to impose high tariffs on... Read More
Russians miss Europe. Russian tourists' interest in Europe has grown significantly over the year:... Read More
This week, the European Union approved the contents of a new, 14th package of sanctions against... Read More
The Bank of England kept the base interest rate at 5.25% per annum at the end of the June meeting,... Read More
Vladimir Putin has arrived in Vietnam. During the visit, the heads of the two countries adopted a... Read More
According to the UK National Statistics Office (ONS), consumer prices rose by 2% year-on-year in... Read More
Brazil plans to actively develop the extraction of rare earth metals, while Western countries are... Read More
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