SCO & BRICS latest news and insights
By Alexandra Yudina
The expansion of the BRICS was a personal defeat for the President of the European Commission Ursula von der Leyen and the head of European diplomacy Josep Borrell, said Ramon Schak, a journalist for the German newspaper Berliner Zeitung.
In his article, he emphasized that "so...
By Dmitry Migunov
Diesel fuel prices are breaking global records, at least when compared to oil prices. A similar situation is observed in several parts of the world at once. The reasons for the fuel crisis were high demand for diesel in China, as well as a ban on the supply of this oil product fr...
By Rhod Mackenzie
Six nations will become full-fledged members of the BRICS group of nations starting January 2024, after their candidacies were approved by leaders of the current member states, South African President Cyril Ramaphosa has announced. The expansion topped the agenda of the summit in...
By Sergey Manukov
The sharp decline in manufacturing in the euro area seems to have begun to spread to the services sector. The business activity index (PMI) in this area from S & P Global collapsed in August by 1.6 points and now stands at only 47, while Dow Jones economists forecast at 48.8. A P...
By Rhod Mackenzie
From 2026, the largest chemical group in Germany, Europe and the world, BASF SE, will receive 800 thousand tons of liquefied natural gas (LNG) per year from America. Contract with American energy company Cheniere Energy Inc. calculated until 2043. BASF will be one of the first re...
