GDP of the BRICS countries
BRICS membership (GDP): 🇧🇷 Brazil: $2.08 trillion 🇷🇺 Russia: $2.06 trillion🇮🇳 India: $3.74 trillion 🇨🇳 China: $19.37 trillion 🇿🇦 South Africa: $399 billion Applied for membership: 🇩🇿 Algeria: $206 billion🇦🇷…
US to seize French reactor parts supplier, France objects
France wants to prevent local nuclear reactor equipment supplier Velan SAS from falling into US hands – Bloomberg reported. Velan SAS, a French subsidiary of Velan, Inc., is being targeted…
Putin signs law on blocking funds of foreigners under Russian sanctions
Russian President Vladimir Putin has signed a law on blocking the funds of foreign citizens who fell under Russia’s restrictions. The law will come into force in six months. The…
Less oil from Saudi Arabia
Saudi authorities announced the extension of a voluntary cut in oil production by 1 million bpd (barrels per day) for September, SPA news agency reported. At the same time, in…
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…