(Opinion) As Brazil gets ready to lead BRICS in 2025, it’s nearing the end of a significant study on a new currency. Though Brazil refutes that this study aims to challenge the U.S. dollar, the intention is to bolster trade among BRICS nations using their local currencies. This could reduce dependence on the U.S. dollar, […]
Related Posts
China’s Naval Visit to Bangladesh: Shifting Tides in the Bay of Bengal
China’s recent naval visit to Bangladesh has stirred the geopolitical waters of South Asia. The arrival of Chinese warships in Chittagong marks a significant moment in the region’s evolving power dynamics. This event highlights China’s growing influence and India’s mounting concerns about its neighbor’s expanding military presence. The Chinese naval training ship Qi Jiguang and […]
Portugal’s Real Estate Challenge in a European Context
Portugal’s strategy to attract foreign investment inadvertently led to a housing crisis, spiking Lisbon’s real estate prices to a record €5,426 per square meter. This price hike placed Lisbon among Europe’s most expensive cities, surpassing Milan, Madrid, and Berlin, according to Bloomberg City Tracker. The government is now attempting to mitigate this crisis by ending […]
Venezuela records 115% inflation from January to July 2023
The Venezuelan Observatory of Finance (OVF), an independent body composed of economists and experts, reported that Venezuela has experienced an inflation rate of 115% from January to July 2023. The OVF reported an increase from 110.8% in June to 115% in July. July’s monthly inflation rate was 7.2%, a 1.3-point decrease from June. This increase […]