The recent BRICS summit in Kazan, Russia, marks a notable development in global power structures. The bloc’s expansion now includes eleven nations. The addition of countries such as Iran, Egypt, and the United Arab Emirates has increased the representation of Muslim-majority states within BRICS. Saudi Arabia is also expected to join soon, further diversifying the […]
Related Posts
Record Air Travel Growth in Latin America and Caribbean
In 2023, the skies of Latin America and the Caribbean buzzed with activity as a staggering 451.6 million passengers chose to fly, marking a 13.3% increase from the previous year. This growth not only surpassed 2022’s figures but also outdid 2019’s by 3.9%. The Latin American and Caribbean Air Transport Association (ALTA), headquartered in Panama, […]
U.S. Inflation Cools, Grocery Prices Down, but Fed’s Stance Unchanged
In April, U.S. inflation showed signs of cooling for the first time this year. Grocery prices notably decreased, bringing cautious optimism for consumers. The Consumer Price Index (CPI) rose by 0.3% in April, a slight drop from the 0.4% increase in March. Over the past 12 months, the CPI has increased by 4.9%, a positive […]