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World Bank
BRICS strengthens economic independence by moving away from US dollar
Russia and Iran have officially announced that 96% of their bilateral trade is now conducted using their local currencies—the Russian ruble and the Iranian...
Ukrainian foreign minister Andrii Sybiha calls for confiscation of Russian assets
The head of the Ukrainian Foreign Ministry, Andrii Sybiha, believes that the West should move on to confiscating Russian assets, not limiting itself to...
BRICS Banknotes: A new era of global unity and economic power
The new 50 and 100 BRICS banknotes were recently introduced by the New Development Bank (NDB), in a bold move that confirms its dedication...
“$486 billion” – G7 demands war reparations from Russia, freezes assets
Leaders of the Group of Seven (G7) countries said at a summit in Italy that Moscow must pay Kyiv $486 billion for damage allegedly...
“Severe recession”: the specter of “total war” looms over the global...
When the war between Israel and Hamas in the Gaza Strip broke out on the seventh of October last year, the business and investor...
Brazil’s President Highlights Disparities in IMF and World Bank’s Global Roles
In a recent address at the UN General Assembly, Brazil's President, Luís Inácio Lula da Silva, expressed deep concerns about the International Monetary Fund...
Brics Summit: A Futile Pursuit? The Idea of a Common Currency...
Johannesburg, South Africa (TEH) - The idea of a common currency for the BRICS nations (Brazil, Russia, India, China, and South Africa) has been...
World Bank lowers forecast for Middle East economies in 2023
In its Global Economic Outlook report, the World Bank attributed the decline, saying the Middle East and North Africa region started 2023 with...
The World Bank warns… The shadow of financial risks hangs over...
The bank revised that forecast at its spring meetings to 2%, according to David Malpass, former president of the World Bank. The bank...
World Bank offers $300 million to help the poor in Lebanon
The new funding comes two years after the World Bank approved a $246 million loan to provide emergency financial assistance to hundreds of thousands...
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North Korea condemns US military provocations in East Asia
North Korea criticizes the United States military cooperations in East Asia, particularly the trilateral exercises conducted with South Korea and Japan. Supreme Leader Kim...
Trump pushes Ukraine to surrender while forcing Europe to pay the...
The Trump Administration of the United States has started pushing Ukraine toward a forced Peace with Russia on terms not agreeable to other European...
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