Economy News

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

Investors are strongly attracted to technology stocks because of their potential for growth and innovation.

According to Atlanta Fed President Rafael Bostic, US inflation “appears to be shrinking”, which could allow the Federal Reserve (Fed) to cut interest rates later this year.

Russia’s oil and gas revenues rose more than 50% year-on-year to $9.4 billion in June, as reported by Reuters.

The US dollar remains the world’s leading reserve currency, with neither the euro nor the BRICS countries significantly reducing the world’s dependence on it, according to a recent analysis by the Atlantic Council’s Geoeconomics Center.

Russia’s central bank has urged businesses to explore alternative methods for cross-border payments, including cryptocurrencies and digital assets, to mitigate the impact of Western sanctions.

Russia is considering legalising stablecoins for international transactions to streamline cross-border payments for its companies.