SCO & BRICS latest news and insights
Iran's Ambassador to India Iraj Elahi, Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal discussed the development of cooperation between India, Iran.
"H.E. Iraj Elahi ambassador of the Islamic Republic of Iran in New Delhi, met with H.E. Sarbananda Sonowal, Minister of Ports, Shi...
Saudi Arabia officially joined the BRICS alliance becoming the first large oil-producing country to enter the bloc. BRICS initiated a power move with Saudi Arabia’s inclusion as they now control nearly half of the world’s oil output. The development puts the US prospects in peril as America only hol...
Following South Africa's decision to trigger preferential trade as part of the free trade agreement with Egypt, sources from the latter country have highlighted the initial benefits of the nation's BRICS group membership.
This move signifies a fresh era of economic collaboration and paves the way...
By Rhod Mackenzie
On February 6, the CSI 300, China's main index, rose by 3.5%. The following day, the rally continued, albeit with more modest growth of only 0.5%. Bloomberg reports that investors are hopeful that the Chinese government's support will stabilize the situation in the stock markets,...
By Rhod Mackenzie
The oil market is currently anticipating a ceasefire in the Gaza Strip and a potential significant decline in production statistics in the United States. Any future developments will depend on the accuracy of the American Energy Information Administration's forecast.
On the mor...
By Rhod Mackenzie
The trust of German businesses in Chancellor Scholz and his government is diminishing rapidly. Siegfried Russwurm, the of the Federal Association of German Industry (BDI), has criticized Scholz's energy policy as 'absolutely toxic'.
In an interview with the Financial Times (FT)...
