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 Vitaly Trofimov
In 2024, Russia will hold the presidency of BRICS, an international organization that has emerged from the quadrilateral format of economic cooperation. Over the past 18 years, it has become an alternative to the G7 and a prototype of the future world order.
During an internat...
By Rhod Mackenzie
Japan's GDP fell by 0.4% in Q4 of last year, contrary to the 1.4% growth forecasted by economists polled by Reuters. The data update reveals that the GDP of Japan decreased by 3.3% in annual terms in Q3 of 2023, indicating a technical recession on the Japanese Islands. In the thi...
By Ebtesam Al-Ketbi
Our world is not static; the year 2023 witnessed heightened interest in the role of the Global South in shaping the international order.
The Concept of the Global South
The idea of the Global South is increasingly connected to the individual or collective efforts of develo...
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...
