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
Restrictions are planned to be introduced from January 1, 2024. The meeting of the Big Seven... Read More
Moscow and Beijing have signed an important agreement providing for the largest contract for the... Read More
The share of the yuan in international settlements within the SWIFT system showed impressive... Read More
According to the State Statistical Office, in the third quarter of 2023, China's economy showed... Read More
According to the forecast of the research organization International Data Corporation (IDC),... Read More
Chinese startup Baichuan, specializing in the development of artificial intelligence (AI)... Read More
According to analysts, the approval of the upcoming bitcoin ETF has already been partially taken... Read More
This week, Russian President Vladimir Putin will make an important visit to China, which will... Read More
Oil rose significantly on Friday amid news from the Middle East, reaching $89.90 per... Read More
The Chinese authorities are considering the possibility of creating a stabilization fund to support... Read More
Russia has presented the concept of a decentralized depository for the BRICS countries based on... Read More
The deputy head of Iran's economic department for Economic Affairs, Seyed Ali Rouhani, said that... Read More
The European Union and the G7 countries are already close to introducing a system of sanctions... Read More
The Argentine peso currency has lost 10% of its value in the unofficial market of the country,... Read More
The American corporation Xerox has completed its work in Russia by selling the business to local... Read More
Prices for winter gas futures in Europe have increased by 25% in recent days, reaching more than... Read More
European stock markets showed a noticeable increase after the «dovish» statements by r... Read More
In light of recent events in the Middle East, the instability of oil prices threatens market... Read More
The price ceiling of $60 per barrel, set by the G-7 countries to curb Russia's export revenues from... Read More
Recent clashes between Israel and Hamas may cause significant damage to the stock market, as well... Read More
After a successful start to the year, when bitcoin briefly surpassed the $30,000 mark, this leading... Read More
Saudi Arabia has announced to Washington its readiness to increase oil production at the beginning... Read More
World copper prices have reached a minimum since the beginning of November 2022, according to the... Read More
The escalation of the conflict between Israel and Palestine has attracted the attention of oil... Read More
On Monday, oil prices rose sharply amid the Hamas group's attack on Israel, which caused the risk... Read More
Since March 2020, U.S. Treasury bonds with long-term maturities, including 10-year and 30-year... Read More
An analyst from JPMorgan Chase & Co. Marko Kolanovich expressed concerns about the Fed's high... Read More
According to the results of the first three months of the 2023-2024 agricultural season... Read More
Oil prices are stabilizing in the region of $84 per barrel after reaching the lowest values since... Read More
Prices on the world oil market continue to decline after a sharp drop the day before. In one day of... Read More
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