SCO & BRICS latest news and insights
By Rhod Mackenzie
The day following the most significant plunge in oil prices within the last year or so, its precipitous fall persisted. Within a couple of days, Brent has dropped to its lowest point since the summer and has lost over 14% of its value from its apex one week ago. The market now a...
By Rhod Mackenzie
During the Valdai Discussion Club's 20th anniversary meeting, Vladimir Putin advocated for a civilizational approach to international relations, which can aid in the constructing of a fair world order. The Russian President presented six fundamental principles for creating the fu...
BRICS is a prominent economic and political force, with India counted among its founding members. India derives significant benefits from its association with this alliance. This article delves into India's advantages as a BRICS nation.
Origin of BRICS
BRICS is an acronym for Brazil, Russia, Indi...
By Rhod Mackenzie
The Bank of China (BOC), one of China's four largest state-owned commercial banks, has inaugurated its first branch in Riyadh, the capital of Saudi Arabia.
This move aims to extend the use of the yuan in trade and finance. Analysts have observed that since the recent BRICS Summ...
The UN has acknowledged that Russia's economy has experienced growth, which is an accomplishment that few G20 countries have attained. Despite the sanctions, Russia's overall exports have remained relatively unchanged, oil and gas revenues are now experiencing monthly growth. However, it is still p...
By Rhod Mackenzie
The OPEC+ countries' decision to maintain their current production volumes is expected to positively affect oil prices, according to oil market analyts predicting that prices are to remain above £90 per barrel in the coming months. At the OPEC+ monitoring committee meeting on Oct...
