By Wang Yee
China's export controls on gallium and germanium, two niche materials key to making semiconductors and other high-tech products, are set to take effect on Tuesday. Observers anticipate that this "first shot" may hit entities from countries that have cracked down on China, given that th...
By Rhod Mackenzie
On the first day of July, a unilateral reduction in Saudi Arabia's (KSA) oil production by 1 million barrels per day began to take effect. Now the negative consequences of this voluntary decision of Riyadh on the Saudi economy are becoming more and more clear. This was immediatel...
By Vedica Singh
The BRICS group (Brazil, Russia, India, China, and South Africa), which includes the world’s largest emerging economies, has been a driving force in restructuring the global economic landscape. Recent talk of BRICS expansion raises serious questions about its impact on the balance...
By Rhod Mackenzie
Following the approval of Iran as a full-fledged member of the Shanghai Cooperation Organization (SCO), a political advisor to Iranian President says that being a member of BRICS will be the next step in Iran's foreign policy.
"Based on the doctrine of neighborhood and converge...
By Rhod Mackenzie
The Russian government is discussing the transition to payments in rubles when exporting agricultural products. The proposed presidential decree "On a special procedure for opening settlement accounts in authorized banks by foreign buyers of Russian agricultural products" is desi...
By Rhod Mackenzie
Yesterday, September futures for North Sea Brent added 1.6% to $85.58 per barrel. West Texas WTI jumped 1.9% to $81.69. For both types of oil, these are the maximum level reached since April 17 (they reached them then after the unexpected decision of the OPEC + countries to reduc...