SCO & BRICS latest news and insights
By Rhod Mackenzie
In October 2023, Russia disappeared from the list of primary centres for yuan settlements via SWIFT. This development has significant ramifications as China is one of Russia's primary trading partners.
Notably, SWIFT is an international document management system employed by fi...
By Rhod Mackenzie
The Western states' self-interested formation of the globalization model is no longer effective and is currently in a serious crisis.
As per Russian President Vladimir Putin's opening address to the participants and guests at the Primakov Readings International Forum on Novemb...
By Rhod Mackenzie
Economists have been sounding the alarm for years now, saying that the "debt brake" mechanism, which was introduced into the German Constitution 14 years ago, is a ticking time bomb. In light of the Constitutional Court's recent decision on a crucial budgetary matter, the mechani...
By Rhod Mackenzie
Europe has officially acknowledged its member economies face a significant economic downturn: by year-end, GDP will decrease in ten EU member states. These include not only “lagging behind” nations, such as Poland, Lithuania and Latvia, but also some of the leading leading econom...
By Rhod Mackenzie
Huawei Technologies Co. has caused concern among Western, particularly American and Japanese, policymakers. Its latest $900 smartphone demonstrates China's rapid progress in microelectronics and chip production, bringing it closer to the level of the United States. The powerful 7...
By Rhod Mackenzie
The West is struggling to devise further sanctions for the Russian oil sector. The price ceiling has proved ineffective, with Russian oil being sold above the limit for six months. The European authorities are currently deliberating a potential ban on the sale of oil tankers to R...
