Economy News

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59 Countries Are Willing to Join BRICS in 2024

The BRICS Summit will be held in Kazan, Russia in October 2024. It will be the 16th such meeting and will include four new member states: the United Arab Emirates, Egypt, Iran and Ethiopia.

12.06.2024 9:14 2 min. read Alexander Stefanov

US Recession is Becoming More Likely With Each Passing Month

A number of economic indicators associated with forecasting recessions are currently reporting warning signals.

20.06.2024 9:30 1 min. read Alexander Stefanov

How Walmart Can Help Predict a US Recession

Given the unreliability of many traditional recession indicators in recent years, investors may be looking for a new one.

20.06.2024 11:00 3 min. read Kosta Gushterov

BRICS: Developing Countries Unite to Fight The Dollar

The BRICS alliance is advancing its de-dollarization agenda, bringing together local leaders, municipal leaders and trade unions from over 21 developing countries.

23.06.2024 19:00 1 min. read Kosta Gushterov

19 Countries Advance CBDC Tests, According to IMF

The International Monetary Fund (IMF) has found that 19 countries, including the United Arab Emirates (UAE), are in an advanced phase of testing central bank digital currency (CBDC).

24.06.2024 8:30 1 min. read Kosta Gushterov

Saudi Arabia Could Shift Focus to Chinese Yuans Instead of Dollars for Oil Deals

In a significant shift for the BRICS alliance, Saudi Arabia is reportedly considering trading oil in China’s yuan instead of the US dollar.

25.06.2024 9:00 2 min. read Kosta Gushterov

BRICS: 7 Countries Applied For Membership Within a Week

Interest in BRICS membership is on the rise, with seven countries applying to join just one week after the recent foreign ministers’ meeting.

26.06.2024 9:00 1 min. read Kosta Gushterov