On December 10, 2024, Shaktikanta Das gave his farewell speech as the Governor of the Reserve Bank of India (RBI). But instead of just looking back at his six years in office, he focused on a bold vision for India’s future — a future where the country’s economy could be
Imagine sipping Kenyan tea in Russia or using Russian-made construction materials in Kenya. This is no longer just an idea—thanks to a groundbreaking shipping route connecting the two nations, it’s becoming a reality! The FESCO Transportation Group, a major Russian shipping and logistics company, has launched a direct route between
In an exciting development, the Russian Direct Investment Fund (RDIF) has announced the formation of a groundbreaking alliance within the BRICS group to fast-track the development of Artificial Intelligence (AI). This major announcement was made by RDIF’s chief executive, Kirill Dmitriev, at the AI Journey conference held in Moscow. The
Imagine holding billions of dollars in frozen assets, but not knowing what will happen if they’re taken away. That’s exactly the challenge facing Euroclear, a Belgium-based financial giant that’s sitting on nearly €197 billion ($213 billion) of Russian assets frozen under EU sanctions. These assets, belonging to Russia’s central bank,
Burkina Faso has just taken a big step in managing its resources. For the first time, the government has turned mining waste into pure gold bars — 44 of them, to be exact. These bars, weighing an impressive 93 kilograms, were handed over to Prime Minister Rimtalba Jean Emmanuel Ouedraogo
In today’s world, half of all service exports are happening online. That’s right – services like IT support, financial help, and even streaming are now being sold and traded through digital platforms. This has created a huge global market for digital services, and it’s growing fast. Countries like India and
The European Union (EU) is pushing the United States to ease sanctions on Gazprombank, a major Russian bank that was crucial for the EU’s energy needs. Up until recently, EU countries used Gazprombank to pay for Russian natural gas, but things have changed, and now the EU is in talks
Indian weddings are unlike any other celebration in the world. They are vibrant, full of rich traditions, and often grand in scale. The phrase “big, fat Indian wedding” exists for a reason, and this year, industrialist Mukesh Ambani raised the bar even higher. His younger son’s wedding was a months-long
In the past few years, India has become one of the biggest buyers of Russian oil. This started when the West imposed sanctions on Russia after the invasion of Ukraine in 2022. With Western companies pulling out, Russia needed a new market for its oil, and India stepped in. But
