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Latest Economic News

BRICS on the way to leadership in world trade

November, 02 2024

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

Latest Economic News

BRICS on the way to leadership in world trade

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NVIDIA become the most expensive company in the world

Trade between Russia and the EU has fallen to a minimum since the beginning of 2000

The main events by the morning: June 19

Bitcoin has reached a monthly low amid a sell-off

Inflation in the eurozone accelerated to 2.6% in May

Modi's victory put the Indian market on a par with the United States, China and Japan

The main events by the morning: June 18

Paris lost the title of Europe's largest stock market to London

Tether introduced the Alloy cryptocurrency, backed by gold

The oil market is volatile at the beginning of the trading week

The main events by the morning: June 17

Oil prices rise at the end of the trading week

Bank of Russia: the yuan will become the main foreign currency in Russia

Apple again became the most expensive company in the world

Thailand is on the verge of joining the BRICS

The main events by the morning: June 14

BRICS has proposed a decentralized model of the international payment system

Saudi Arabia exit petro-dollar deal with the U.S.

The Fed has kept the interest rate at the level of 5.25-5.5% per annum

The main events by the morning: June 13

Why Musk criticized Apple's partnership with OpenAI

Market participants do not expect a Fed rate cut in June and July

The main events by the morning: June 11

The Greens suffered a crushing defeat in the European Parliament elections

Experts predict the end of the leadership of Big Tech shares by the end of the year

The price of copper fell to a minimum in five weeks

Oil is recovering at the beginning of the week

The main events by the morning: June 10

The price of Brent returned to the level of $80 per barrel

Foreigners are buying Indian bonds massively