During a press conference at the official start of the World Bank and IMF's spring meetings, IMF Chief Kristalina Georgieva warned against a 'Second Cold War' amid the challenge to the USD by BRICS and trade tensions between China and the US.
The African continent is home to 46 billionaires, the second-lowest total of any global region.
Chegg CEO Dan Rosensweig said that in March, they saw a significant spike in student interest in ChatGPT. They now believe it is having an impact on their new customer growth rate, as ChatGPT claims its first...
Russia will begin year-round LNG shipments via the Arctic route of the NSR, a transit route spanning the entire length of Russia's Far East and Arctic territories within its exclusive economic zone.
As financial panic spreads, regulators temporarily suspended trading in shares of two US banks - Los Angeles-based PacWest and Arizona's Western Alliance - after their prices fell dramatically. Two more US regional banks saw...
Elon Musk’s months-long run as the richest man on the planet has come to an end. The Tesla shares registered a 6% tumble when the markets opened on Monday, the largest one-day drop in the past six months. It registered a further 10% slide on Tuesday after investors became keen on selling off. Within two days, Musk's net worth dropped 30 billion USD. The epic loss occurred due to two main reasons.
Cairn Energy has effectively seized Indian state-owned properties in Paris, in a dramatic escalation to force India to pay $1.7 billion awarded by an international tribunal over a tax dispute.
Professor and economist Richard Wolff said that BRICS expansion goes hand in hand with de-dollarization and the decline of the 'US empire'. The expansion of the BRICS group of...
According to multiple oil trading and banking sources, India's oil deals with Russia during the Ukraine War dented decades-old dollar dominance.
Bloomberg reported that the West is losing Russian gold to the United Arab Emirates, Hong Kong, and Turkey, which have not joined Western restrictions. A number of countries are snapping up Russian gold bullion...