UK raises rates to 5.25%
The Bank of England raised interest rates to 5.25% from previous 5%, signaling a prolonged period of tighter borrowing conditions. The key rate was increased by a quarter point, a…
The following countries have officially applied to join BRICS
🇩🇿 Algeria🇦🇷 Argentina🇧🇭 Bahrain🇧🇩 Bangladesh🇪🇬 Egypt🇪🇹 Ethiopia🇮🇩 Indonesia🇮🇷 Iran🇲🇽 Mexico🇳🇬 Nigeria🇸🇦 Saudi Arabia🇦🇪 United Arab Emirates🇻🇪 Venezuela
Niger junta says it will not back down despite ‘inhumane’ sanctions
The self-declared new leader of Niger on Wednesday said the military government would not bow to pressure to reinstate ousted President Mohamed Bazoum. Abdourahamane Tiani said the junta “rejects these…
Shell shall fell – out of Nigerian fields
Shell will sell its stakes in onshore oil fields in Nigeria to local businessmen. The reason for the sale is the inability to control the situation on the ground, Bloomberg…
Brazil opposes BRICS expansion
Brazil is resisting gathering momentum in the BRICS group of major emerging economies to add more member countries, but debate over admission criteria seems inevitable at this month’s summit, Reuters…
Asian markets falling after US downgrade
Stock markets in the Asia-Pacific region fell following Fitch’s decision to downgrade the US long-term rating from AAA to AA+. Fitch decision, which was announced just before markets opened in…