Business

brics currency explained

BRICS currency explained

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 […]

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is world economic forum useful?

Should the World Economic Forum be abandoned?

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

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Africa BRICS trade

China become number 1 trade partner of Africa

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

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yuan overtake euro

Chinese Yuan Overtakes EURO!

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

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Credit Card Processing

Credit Card Processing

Credit card processing, often referred to as “cc processing” or “card credit processing,” is the behind-the-scenes magic that ensures your payment reaches the right place securely and swiftly. It’s like a well-orchestrated symphony where every note plays a crucial role in delivering a harmonious experience. Credit Card Processing Companies Now, let’s shine a spotlight on

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