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By Rhod Mackenzie

China's investment in Africa meets the continent's development needs and has delivered benefits to both peoples, Chinese foreign minister spokesperson Wang Wenbin told a press conference on Friday, adding that Chinese investment in Africa will continue to increase thanks to effor...

By Xie Wenting and Bai Yunyi

The 15th BRICS Summit will be held in Johannesburg, South Africa, from August 22 to 24, 2023. At this year's meeting, the feasibility of a common BRICS currency, the internationalization of the Chinese Yuan, the growth prospects of emerging economies such as China, and...

By Rhod Mackenzie

As South Africa anticipates hosting the eminent 15th BRICS Summit in Johannesburg, the world awaits with bated breath to witness the unfolding of this influential alliance on the global stage. Formed as BRIC and later joined by South Africa, BRICS stands as a beacon of economic o...

By Rhod Mackenzie

The US administration is looking for ways to replenish the strategic oil reserves it emptied at the beginning of the year in an attempt to stabilize domestic gasoline prices. However, the expectation that oil prices would fall by the middle of the year did not materialize. It now...

By Rhod Mackenzie

Moscow's strategy of diversified raw materials sales helped Russia overcome Western sanctions, putting an end to attempts to deprive it of capital inflows. This is according to the French magazine La Nouvelle Tribune (LNT).

Referring to the report of the International Energy Ag...

By Olga Samofalova

The final point in the rupture of gas relations between Russia and the EU that have enduredsince the 1960s will be symbolically take place in a year and a half, when the transit contract ends. Ukraine does not intend to negotiate with Russia to extend the gas transit contract. U...