CIFTIS 2024 highlights China’s growing role in global service trade

The 2024 China International Fair for Trade in Services (CIFTIS) is currently underway in Beijing from September 12 to 16, marking a decade of its successful execution. Chinese President Xi

India on track to become the world’s third-largest economy by 2031

India Poised to Become World’s Third-Largest India, the world’s fastest-growing major economy, is on track to become the third-largest economy by 2031, according to the latest report from S&P Global.

Implications for African NDC following Algeria’s joining BRICS New Development Bank

Algeria’s recent accession to the BRICS New Development Bank (NDB) marks a significant step not only for the North African nation but also for the broader African continent, particularly non-developed

Africa’s debt crisis causes and global economic risks

The African continent faces a severe debt crisis, one that has been brewing since the early 2010s but has now reached an unsustainable tipping point. A combination of rapid debt

How Africa’s gold reserves could redefine financial sovereignty

The ongoing global economic crisis is compelling many nations to rethink their strategies for ensuring financial stability and sovereignty. Among these nations, African countries are increasingly focusing on gold as

China’s constructive diplomacy: Balancing peace, development, and global influence

In recent years, China’s diplomatic efforts have increasingly captured global attention, with the country positioning itself as a key player in mediating international disputes and promoting regional peace. This proactive

Debunking WSJ’s claims: China, not the US, threatens trade peace

In recent times, media outlets like The Wall Street Journal (WSJ) have drawn attention with sensational headlines, such as “Why China Is Starting a New Trade War.” These provocative titles

Global geopolitical risks and their impact on financial markets

The international financial markets have faced considerable turmoil this month, with many attributing the volatility to economic factors rather than geopolitical triggers. However, the landscape of global politics is fraught

Deputy Chairman of the Central Bank Alexei Zabotkin says, raising the key rate will help avoid threats to the Russian economy

The Bank of Russia does not rule out a further increase in the key rate. Explaining the decision to raise it from 16% to 18% per annum, Elvira Nabiullina pointed

Ukrainian economy in tatters and poverty rampant

Rating agency S&P Global cut Ukraine’s credit rating on August 2 for “selective” default. This comes only days after Fitch also downgraded Ukraine’s rating, showing once again that Western financial institutions