News with the tag "g7"

The OECD’s policy paper highlights AI’s potential to reshape G7 tourism, enhancing sustainability and visitor experiences while addressing risks.

Russia’s plan to build out Bitcoin mining in other countries could inspire other nations to do the same domestically.

The G7’s finalized deal approving a Russian assets-backed loan of $50 billion to support the Ukrainian war effort has the potential to upset the Western financial system. Critics state that the U.S. and other countries may face repercussions, including losing the trust of some of their allies. Russi...

The rapid rise of BRICS is challenging the relevance of the G20 as a global platform, with BRICS nations now surpassing the G7 in economic output. As BRICS gains influence, discussions about reforms to major international organizations, including the IMF and UN, are intensifying. According to an exp...

Russian President Vladimir Putin criticized U.S. sanctions, noting that they are driving global economies away from the U.S. dollar and leading to a gradual decline in its use for international trade and reserves. He highlighted that Russia now conducts 95% of its foreign trade in national currencie...

BRICS has surpassed the G7 in global economic power, and according to Vlad Putin, it’s just the beginning. In 1992, the G7 held 45.5% of the world’s GDP, while BRICS sat at a small 16.7%. Fast forward to 2023, and BRICS now controls 37.4% of global GDP, while the G7 has dropped to 29.3%. Putin

Serbia says it’s better off joining BRICS than the European Union. The country’s Deputy Prime Minister, Aleksandar Vulin, claims BRICS offers much more than the EU and demands nothing in return. Vulin made these remarks in an interview with National Defense magazine. He emphasized that Serbia sees c...

Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth of 4.4% in 2024-2025, compared to 1.7% for G7 countries. Siluanov highlighted BRICS’ growing share of global GDP, now at 36.7%, and the addition ...

As Bitcoin, the flagship cryptocurrency asset continues to garner support from leading figures in the industry, Chris Wood, the Chief strategist at Jefferies in a daring statement that might change people’s perceptions of digital currencies has suggested that the potential collapse of the United Sta...

The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies.