SCO & BRICS latest news and insights
The total investable wealth currently held by the BRICS member states amounts to $45 trillion, according to Henley & Partners' inaugural BRICS Wealth Report.
The BRICS group of emerging economies, which previously comprised Brazil, Russia, India, China, and South Africa, underwent a major expansio...
Magnitogorsk, in the Ural mountains, was developed as a symbol of Soviet industrial might and its capacity for economic modernization. Today, a new, 75 billion-ruble (roughly $840 million) coking plant in the steel town is being built by a Chinese engineering giant and hundreds of Chinese workers.
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In a move that certainly showcases the unilateral activities of the BRICS bloc, China has announced a massive $3.5 billion investment into an alliance nation. Specifically, the investment is part of a key aspect of building cooperation with the BRICS alliance Brazil.
Reports state that the investm...
By Rhod Mackenzie
It is well-known that economic and trade cooperation between China and Saudi Arabia is rapidly deepening. This is significant not only for expanding economic development opportunities for both parties but also for promoting peaceful development in the Middle East.
Huatai-PineBr...
By Rhod Mackenzie
The Russian bank VTB published figures regarding their sales of gold ingots to individual customers. It appears that Russians are still keen to buy gold, and this autumn the demand has gone up. What is the reason behind this sudden craze for gold and what other ways are there to...
By Rhod Mackenzie
The President of Belarus Alexander Lukashenko has made his second trip to Beijing this year, visiting China on a working visit. At a meeting with Chinese President Xi Jinping, he announced a "historic increase in the level of relations" between the two states and recognized, for...
