The global economy has long operated under the hegemony of the US dollar and other major Western currencies. This dominance might soon be contested if the BRICS nations—Brazil, Russia, India, China, and South Africa—have their way. The proposition of a BRICS currency signals a desire for a seismic shift in economic power dynamics, challenging the […]
BRICS currency explained Read More »
The World Economic Forum (WEF) is an international non-governmental organization based in Cologny, Canton of Geneva, Switzerland, founded on January 24, 1971, by German engineer Klaus Schwab. It aims to improve the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas. The WEF
Should the World Economic Forum be abandoned? Read More »
In this article, we delve into the burgeoning economic ties between China, a pivotal member of the BRICS bloc, and Africa, which have marked a significant milestone by achieving a trade volume of $282.1 billion in 2023. This figure not only underscores China’s role as Africa’s foremost trading partner but also illustrates a shift in
China become number 1 trade partner of Africa Read More »
As of September 2023, the Chinese Yuan has surpassed the Euro, securing its position as the world’s second-most utilized currency in SWIFT trade settlements, with a notable 5.8% share in international payments. This notable shift not only signifies China’s expanding economic influence but also underscores its strategic efforts toward the internationalization of its currency, greatly
Chinese Yuan Overtakes EURO! Read More »
The New Development Bank, established by the BRICS nations in 2015, focuses on mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries. The bank prioritizes projects that align with the development objectives of its members. According to the New Development Bank website, the NDB has supported
In this article, we delve into a comparative analysis of NATO and BRICS, with a spotlight on the transformative inclusion of five new members into the BRICS bloc in 2024. This expansion carries significant ramifications for global economics and politics, especially when juxtaposed against the collective might of NATO. Energy Power: BRICS vs. NATO BRICS
In this article, we delve into the intriguing concept of visa-free travel within the BRICS nations—Brazil, Russia, India, China, and South Africa. Imagine a scenario where borders within this group are seamless, facilitating effortless movement akin to traveling within one’s own country. This could revolutionize the way people connect, businesses operate, and cultural exchanges flourish.
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The European Union’s 13th round of sanctions against Russia, in response to the ongoing conflict in Ukraine, marks a significant escalation in the bloc’s efforts to curb Moscow’s military capabilities and economic strength. These sanctions, aimed at hitting Russia’s economy hard, have both immediate and long-term implications for the global economic landscape, Russia’s strategic maneuvers,
Why does not EU sanction on Russia work? Read More »
In 2024, Germany, a leading economy and G7 member, is navigating through significant economic challenges, while China, a key BRICS nation, is poised for notable growth. This comparison seeks to delve into the economic trajectories, labor market dynamics, and climate goals of these two influential countries, reflecting on their unique challenges and strategic responses. Economic
Germany Economy vs China Read More »
Discover the impact of 34 countries joining BRICS, marking a significant shift in global economics and challenging traditional power structures.
BRICS Expansion: 34 Countries to join the block! Read More »
