SCO & BRICS latest news and insights
By Emil Boev
The Bretton Woods system was created in 1944 and gave the American dollar an unprecedented role as the world's reserve currency. It also established a fixed exchange rate between the dollar and gold, with approximately one gram of gold per dollar. Individuals were able to exchange pap...
By Rhod Mackenzie
The Deputy Prime Minister of the Russian Federation and Head of the Ministry of Industry and Trade, Denis Manturov, stated that only 100 out of 500 European companies have officially left the Russian market. Manturov made this statement during the plenary session of Industry Day...
By Rhod Mackenzie
Russia has become the leading economy in Europe and the fifth in the world in terms of purchasing power parity (PPP). It has not only overtaken Germany, but is also preparing to catch up with Japan. What does PPP mean? And how has Russia achieved such a rise?
Russia has become t...
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)...
By Rhod Mackenzie
Influential international organizations have hastily revised their forecasts, perviously predicting long-term stagnation for the Russian economy under the weight of sanctions. The OECD expects 1.8% GDP growth for the year, while the IMF expects 2.6%. The West is puzzled by the ra...
By Dr. Srinivas Junuguru and Abhinaya Rayee
The BRICS group, initially comprising Brazil, Russia, India, and China, emerged as a forum for discussion and policy cooperation among key rising market nations. Over time, it transformed into a transregional governance framework with the addition of Sou...
