In October, the first in-person BRICS summit since the bloc's historic expansion was held in Kazan, Russia, following last year's pivotal meeting in Johannesburg, South Africa. At the Kazan summit, a consensus was reached to invite a new group of countries to become BRICS partner nations, ...
Forecasting the economic and financial outlook for the coming year is always difficult. In 2020, the surprise came in the form of a global pandemic; in 2022, it was Russia’sinvasion of Ukraine. For 2024, the known unknowns come in two categories: economics and politics. The likely good n...
Russia, and Central Asian countries toexplore new markets,focuses on traditional developed markets. Inaddtion tostrengthening independent innovation, China is fully opento the world andis cooperating with theglobal supply chain, including developed countries in Europe and North America. By doing so, Ch...
The global centre of trade and finance is shifting away from the US and Europe and towards China and the east. Discover the rising markets promising lucrative trading opportunities for ambitious businesses.
After a crescendo during the pandemic, when global wealth relative to GDP grew faster than during any other two-year period in the past half century, it appears that a break in the two-decade trend may be coming. But there is disagreement among economists and business leaders about what will...
RMB-denominated gold prices have firmed at a high level in 2024, following a hike of 17 percent in 2023. Latest data from the China Foreign Exchange Trade System showed that the price of gold that is 99.99 percent or more pure stood at 479.11 yuan (about $67.4) per gram on Tuesday. ...
Greece is spending the highest, at 3.7% of GDP.Utility BailoutsEnergy crisis spending is also extending to massive utility bailouts.Uniper, a German utility firm, received $15 billion in support, with the government acquiring a 30% stake in the company. It is one of the largest bailouts in...
The European Union (EU) is a political and economic alliance of 27 countries. It promotes democratic values in its member nations and is one of the world's most powerful trade blocs. Nineteen of the countries share theeuroas their official currency. The EU grew out of a desire to strengthe...
The index of economic freedom can monitor whether new markets likeBRICS nations(Brazil, Russia, India, China, and South Africa) are seeing the policy changes necessary for growth to benefit investors. The countries operate as a loose organization seeking to expand economic cooperation amongst member...
A currency crisis can sometimes be predictable, yet they are often sudden. It may be precipitated by governments, investors, central banks, or any combination of actors. But the result is always the same: The negative outlook causes wide-scale economic damage and aloss of capital. Explore the...