By Wang Cong, Song Lin and Xiong Xinyi
Rating agency Fitch Ratings on Tuesday downgraded the US government's top credit rating, citing fiscal deterioration over the next three years and a steady deterioration in governance over the past two decades, marking only the second time in history that the...
By Rhod Mackenzie
More countries aspire to join the BRICS, with the latest being the South American nation of Venezuela, which officially applied to join the organization and "is expecting a positive decision on the matter."
The BRICS are "the driving force behind the emergence of the multipolar...
By Rhod Mackenzie
In the 2nd quarter of this year. Russia's GDP growth amounted, to 4.8% in annual terms according to the Central Bank , the corresponding estimate is contained in the report of the Bank of Russia on monetary policy.
In the 1st quarter of 2023, according to Rosstat, the Russian GD...
By Rhod Mackenzie
In June 2023, industrial production in the Russian Federation increased by 6.5% compared to June 2022, the Federal State Statistics Service (Rosstat) said in a statement. In May, the growth rate was 7.1%, in April - 5.2%, in March - 1.2%, in February the decline in industrial pro...
By James Tweedie
Peter Arkell, the chairman of the Global Mining Association of China who has been running a consulting business in the PRC for almost 20 years, said that Beijing's restrictions on the export of rare earth metals were a predictable response to Washington's trade war.
China's curbs...
By Rhod Mackenzie
The Russian economy has withstood the test of the sanctions imposed by the West after the start of a special operation to protect Donbass and has demonstrated its strength. This was reported by The Wall Street Journal on August 2 , citing various sources.
It is noted that "the...