EEF-2024 Plenary Session Explores BRICS and Global South’s Impact on World Economy The Eastern Economic Forum (EEF) 2024 held a significant plenary session that focused on the evolving role of BRICS countries and the Global South in the global economic landscape. The forum, hosted in Vladivostok, Russia, from September 11-13, brought together influential leaders, policymakers, and economists to discuss pressing global economic issues and opportunities for international collaboration. BRICS Countries and Their Economic Significance The BRICS coalition, which comprises Brazil, Russia, India, China, and South Africa, represents some of the most rapidly growing economies in the world. Collectively, these nations…
Author: BRICS+ News Services
South Africa’s Unity Government: ANC’s Potential Continuation of Political Dominance and its Impact on the DA In the ever-evolving landscape of South African politics, the prospect of a unity government looms large. For the African National Congress (ANC), this could herald a continuation of its long-standing political dominance, reshaping the dynamics for opposition parties, notably the Democratic Alliance (DA). Context and Background South Africa, since its transition to democracy in 1994, has been predominantly ruled by the ANC. Esteemed figures like Nelson Mandela and the late Desmond Tutu have historically steered the ANC’s ideologies toward nation-building and reconciliation. However, recent…
Saudi Arabia Edges Closer to Normalizing Ties with Israel: Will This Be a Turning Point for the Middle East? Thursday, 05 September 2024 | Last Updated: Thursday, 05 September 2024 08:57 In a landmark revelation, Saudi Crown Prince Mohammed bin Salman (MBS) disclosed during an interview with Fox News that Saudi Arabia and Israel are "every day getting closer to reaching an agreement." This statement marks a significant shift in the geopolitical landscape of the Middle East, where most Arab and Islamic states have historically not recognized Israel. The kingdom’s deliberations with Israel come on the heels of extensive discussions…
Brazil’s Central Bank President Campos Neto Warns of Trade Friction as Major Threat to Global Economy Roberto Campos Neto, the president of Brazil’s Central Bank, has identified escalating trade friction as a significant risk to the global economy. Speaking at a recent financial summit, Campos Neto highlighted the dangers posed by ongoing trade disputes and the potential for these frictions to destabilize economic growth and financial markets worldwide. Context and Background Over the past few years, trade tensions have become a dominant theme in global economic discussions. The most high-profile of these has been between the United States and China,…
Rising Tensions in the South China Sea: Regional Neighbors Push Back Against China’s Maritime Ambitions Amid escalating geopolitical tensions, one of China’s neighboring countries is aggressively bolstering its naval patrols to counter Beijing’s growing influence in the South China Sea. This move signifies the latest development in a region that has been a hotspot of international scrutiny and conflict for years. The South China Sea, a vital maritime corridor through which approximately one-third of the world’s shipping passes, has long been a contentious territory due to its strategic importance and abundant natural resources, including vast reserves of untapped oil and…
[ In an era where financial services are becoming increasingly data-driven with the integration of artificial intelligence, the annual DataTech50 list has been unveiled to showcase the top companies shaping the future of data management in the financial sector for 2024. This list, launched by FinTech Global, aims to recognize the industry’s key players who are at the forefront of revolutionizing data management practices to enhance operational efficiency and maintain a competitive edge in the market. As businesses worldwide continue to prioritize digital transformation efforts and harness the power of AI, the significance of data governance in managing vast amounts…
Strengthening Bonds: Egypt and the UK Discuss Economic, Investment, and Trade Cooperation In an effort to bolster economic ties, officials from Egypt and the United Kingdom recently convened to discuss enhancing cooperation in the areas of economy, investment, and trade. This meeting signifies a pivotal move as both nations seek to diversify and fortify their economic relationships in a rapidly evolving global market. Historical Context The bilateral relations between Egypt and the UK have been marked by a long history of collaboration and mutual interests. Following Egypt’s economic reforms and the UK’s pursuit of new trade relationships post-Brexit, the two…
Certainly! Here’s a feature-length article based on the text provided: The Economic Times Feature ET Wealth Edition: September 8, 2024 New Investment Trends to Watch in 2024: Insights and Opportunities As we navigate through 2024, the landscape of investment continues to evolve, influenced by technological advances, economic shifts, and global events. Investors are constantly seeking new opportunities to grow their wealth while mitigating risks. Here, we delve into the top investment trends of 2024, providing valuable insights and opportunities for both seasoned and novice investors. 1. Rise of Sustainable Investments Sustainable investing has moved from being a niche market to…
Possible New Deployment Site for Russia’s Nuclear-Armed Burevestnik Missile Identified In a significant development that could impact global security dynamics, two U.S. researchers have reportedly identified a possible new deployment site for Russia’s nuclear-powered cruise missile, the Burevestnik, according to a recent report by Reuters. The researchers, Decker Eveleth of the CNA research organization and Jeffrey Lewis from the Middlebury Institute of International Studies at Monterey, discovered what they believe to be a construction project near a nuclear warhead storage facility, located 475 kilometers north of Moscow, as the potential new site. The Discovery Eveleth and Lewis analyzed satellite imagery…
Saudi Arabia Establishes New Business Council to Enhance Ties with Eastern Europe Riyadh, Saudi Arabia — In a strategic move to bolster economic and commercial relations, Saudi Arabia has inaugurated a new business council dedicated to fostering stronger ties with countries in Eastern Europe. The establishment of this council is part of the Kingdom’s broader efforts to diversify its economic partnerships and expand its international business footprint. The newly formed council will serve as a platform for dialogue and cooperation, facilitating business and investment opportunities between Saudi Arabia and Eastern European nations. Officials anticipate that this initiative will unlock significant…