Investors Say Argentina Could See Boom Due To Dollarization
In an interview on Tuesday, Mark Mobius, a founding partner of Mobius Capital, said that Argentina’s potential adoption of the dollar could prove to be an economic boon, as it…
Pakistan Applies To Join BRICS Economic Trade Alliance
On Wednesday, in an interview with the TASS news agency, Pakistan’s newly minted Ambassador to Russia, Muhammad Khalid Jamali, has announced that Pakistan is applying to join the BRICS alliance…
Russian Budget Deficit Revised Downward As Energy Receipts Soar
On Wednesday, Russia’s Finance Minister Anton Siluanov announced that the Russian government’s budget deficit has shrunk unexpectedly, and will be significantly smaller than had been anticipated due to increased energy…
UK Retail Sales For October Plunge
On Friday, Britain’s Office of National Statistics (ONS) reported that in October, UK retail sales fell unexpectedly, as the volume of goods sold in retail establishments and online dropped 0.3%…
Argentina’s New President Promises “Shock Therapy”
Bloomberg news reported that Argentina’s new President, Javier Milei, has promised to inflict “shock therapy” on the nation in an effort to fix its beleaguered economy, which has been afflicted…
Russia’s Gazprom Tops Forbes’ List Of Top Russian Investors
On Monday, Forbes revealed that Russian energy major Gazprom came in as the biggest investor in Russia for the second consecutive year. By capital expenditure, Gazprom bested Russia’s 30 largest…
Argentina Will Not Join BRICS In January
Sputnik Brazil reported that Diana Mondino, senior economic adviser to the country’s president-elect, Javier Milei, said on Monday that Argentina is not planning to join the BRICS alliance of developing…
Energy Consultancy Predicts Another Tough Winter For Brits
The final forecast for the first quarter of 2024 from consultancy Cornwall Insight has been released and it predicts that from January, UK households will be seeing higher energy bills…
Japan On Course For A Recession
After two straight quarters of growth this year, the Japanese economy slipped into a contraction in the third quarter according to a new release of government data Wednesday. The world’s…
S&P Forecasts Sharp Economic Downturn For Israel
According to a new report by ratings agency S&P released this week, Israel will see its economy contract by 5% in the fourth quarter of this year, as the conflict…
