SCO & BRICS latest news and insights
By Rhod Mackenzie
According to the International Labor Organization, real wages increased in only three countries in the world in 2023: Russia, Mexico, and China. Although Russia experienced the fastest growth in salaries, not all Russians were able to benefit from this statistical indicator.
Des...
By Rhod Mackenzie
The West Qurna 1 field is one of the largest in Iraq, with reserves estimated at over 20 billion barrels of oil. According to Oil Price (OP), the Chinese energy company PetroChina has taken over as the main operator of the project after US energy giant ExxonMobil withdrew from bo...
By Rhod Mackenzie
China is attempting to avoid a recession by investing in manufacturing and increasing exports. According to Bloomberg analysts, this strategy is complicated by ongoing trade wars with the United States and EU countries, as each nation vies for influence on the global stage. For m...
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BRICS nations Russia and China have eliminated Western currencies, including the US Dollar, from their bilateral trade, achieving a $200 billion trade turnover ahead of schedule. Payments are now made using Rubles and Yuan, with Russia’s Prime Minister Mikhail Mishustin revealing a move from 20%...
Russia’s envoy in New Delhi has expressed hope that China and India will normalize relations, which have been strained due to unresolved border disputes.
Speaking to the media on the sidelines of a conference in New Delhi organized by Russia’s Valdai Discussion Club and India’s Vivekananda Intern...
By Rhod Mackenzie
According to Maxim Osadchiy, the head of the analytical department of BKF Bank, countries worldwide are actively developing alternatives to the SWIFT interbank system for making payments. However, these alternatives still only account for a small share of traffic, representing up...
