In recent weeks, the BRICS summit in Kazan grabbed headlines worldwide as emerging economies looked for ways to reshape global power. Yet, as all eyes were on Russia, something even more significant was happening across the world in Washington, D.C. At the quiet annual meetings of the International Monetary Fund
David Lammy, the UK Foreign Secretary, is on a visit to Nigeria and South Africa this week. He’s there to strengthen the UK’s trade relations with African countries and to talk about the past mistakes of British involvement in the transatlantic slave trade. Just a week ago, leaders from 56
China has filed an official complaint against the European Union (EU) at the World Trade Organization (WTO) over new tariffs placed on electric vehicles (EVs) made in China. This dispute, now set to play out on the global stage, could have big consequences for the world’s EV industry and the
Last year, Botswana’s outgoing President Mokgweetsi Masisi made a significant deal with De Beers, one of the largest diamond companies in the world. This agreement would gradually increase Botswana’s share of diamonds from the Debswana joint venture, which is a partnership between the country and De Beers, to 50% over
In late July, Ethiopian Prime Minister Abiy Ahmed introduced a new plan called the Homegrown Economic Reform Program (HGER 2.0). This program aims to fix some big problems in the country’s economy, like high debt, rising prices (inflation), joblessness, and a struggling currency. The government wants to create a more
Aleksei Mozhin, former Executive Director for Russia at the International Monetary Fund (IMF), has come forward with a bold claim: the United States and Western allies are putting intense pressure on the BRICS countries—Brazil, Russia, India, China, and South Africa—to keep them from gaining too much power and independence on
Bolivia is facing a serious crisis as armed supporters of former President Evo Morales have taken control of three military bases in the Cochabamba region. President Luis Arce announced this shocking news, warning the public and the international community about the situation. According to Arce, these armed groups not only
Since the conflict between Ukraine and Russia escalated in February 2022, Germany has become one of the top destinations for Ukrainian refugees in Europe. The German government has welcomed about 1.2 million people fleeing the war. However, a recent report by Stern magazine reveals that a special program designed to
At the recent BRICS Summit in Kazan, Russia, President Vladimir Putin emphasized the need to improve transportation links between the member countries. He believes that enhancing these connections can open up exciting new opportunities for trade among the nations. During the summit, which took place from October 22 to 24,
