IMF Warns Geopolitical Competition Could Hurt Global Economy
The International Monetary Fund is warning that as geopolitical tensions mount in the world, they may eventually begin to disrupt overseas investments, and lead to a loss of as much…
Mexico Flirts With Joining BRICS
Following rising tensions with the United States, Mexico is expressing an interest in joining the BRICS trade alliance, joining with such countries as Brazil, Russia, India, China and South Africa. In…
US Cautions Russia And China Over Replacing Dollar
On Thursday, United States Treasury Secretary Janet Yellen warned Russia and China they will face substantial difficulties as they seek to replace the United States dollar in international trade. As…
UK And EK Strike Post-Brexit Trade Deal
In an effort to end trade disputes in the region, Britain and the EU have signed an agreement to resolve a post-Brexit issue regarding Northern Ireland. UK Prime Minister Rishi…
Iraq To Settle Trade In Yuan
Reuters is reporting that Iraq’s central bank has announced this week that it is close to settling the nation’s trade with China in yuan. The report noted, the central bank…
Putin Predicts US Will Lose Dollar Dominance
On Tuesday, Russian President Vladimir Putin said the US and other Western currencies would inevitably lose their global reserve status for use in international trade settlement. In his annual address…
Russia And Bolivia To Trade In Local Currencies
In an interview with RIA Novosti on Tuesday Russia’s ambassador to Bolivia, Mikhail Ledenev, revealed that Russia and Bolivia have agreed to begin trading in their local currencies. The move…
Saudi Arabia Looks To Join BRICS and SCO
Photo of BRICS leaders courtesy of Wikipedia under Creative Commons Attribution 2.0 Generic license. In a wide-ranging interview with RIA Novosti, the Russian ambassador to Saudi Arabia, Sergey Kozlov, noted…
Russia And Türkiye Developing New Payment System
Ankara and the Kremlin are now working to develop an alternative payment system to replace Russia’s Mir system, after the United States threatened Türkiye with sanctions for facilitating the use…
