SCO & BRICS latest news and insights
By Prerna Gandhi
India today is the fastest-growing economy in the world, with a strong outlook of 7-8 per cent growth rates for the coming decade. Russia, despite having become the most sanctioned economy in the world, has shown uncommon resilience and returned to positive GDP growth.
Bilatera...
Amidst the ongoing Russia-Ukraine war, more countries have shifted from decades-long petrodollar, as over a fifth of global oil trade in 2023 were completed in currencies different from the U.S. dollar.
Coming at a time when operators in Nigeria are seeking ways to settle domestic oil and gas trad...
By T.N. Ninan
Continuing with last weekend’s quarter-century theme, it is instructive to look back at the long-term forecast that captured the world’s imagination early in the new century.
Famously (some would say infamously), Goldman Sachs forecast that four emerging “BRICS” economies (Brazil,...
By Rhod Mackenzie
Bloomberg believes that 2023 will be the second consecutive year of record oil production in Russia. The oil boom is evident in both the volume of oil exports and its value.
According to BCS Global Markets oil and gas analyst Ronald Smith, Russia has demonstrated greater indepe...
By Rhod Mackenzie
Russia has proposed the creation of an organization similar to OPEC to coordinate the production of solid minerals, specifically 'minerals of the future' such as lithium, cobalt, and rare earth metals. However, the effectiveness of this association is questionable as potential pa...
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...
