SCO & BRICS latest news and insights
By Rhod Mackenzie
Today at the start of the working week, the price of gold reached a six-month high.Reuters reports, the spot price for an ounce of gold rose by 0.4% on November 27th, hitting $2,009.69.
This is due to the devaluation of the US dollar. Additionally, there is a strong likelihood t...
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
The proportion of oil and gas revenues within the federal budget of the Russian Federation is expected to rise by the latter half of 2024, according to Oleg Abelev, the head of analytical department head at investment firm Ricom-Trust.
According to data from the Accounts Chambe...
By Rhod Mackenzie
The Ministry of Finance of the People's Republic of China is investigating the potential of granting unsecured short-term loans to eligible developers for the first time, according to reports in the Chinese media. This move is a part of the initiative to combat the severe crisis...
By Pepe Escobar
Once upon a time, by the Don river, in the southern steppes of what today is still known as “Ukraine”, the Great King of Persia, the mighty Darius, leading the most powerful army ever assembled on earth, received a puzzling message from a foe he was pursuing: the nomad ruler Idanth...
