BRICS member states don’t oppose the use of the U.S. dollar in global trade but believe it is important to develop alternative mechanisms for international settlements, international affairs advisor to the South American nation’s president Celso Amorim said.
Silver jumped more than 2% to a record high today. The white metal rose as high as $57.86 an ounce.
Azerbaijan’s non-oil sector exports grew by 6.6% in the first 10 months of 2025, totaling $2.99 billion, according to the Center for Analysis of Economic Reforms and Communication.
Pakistan's Prime Minister Muhammad Shehbaz Sharif received a delegation led by Azerbaijani Minister of Economy Mikayil Jabbarov, who was on an official visit to Pakistan.
The Mercedes-Benz auto concern filed an application with the Federal Service for Intellectual Property (Rospatent) to register a trademark with a similar name.
The Russian economy is cooling faster than previously expected, Russia's Economic Development Minister Maxim Reshetnikov said on the sidelines of the Eastern Economic Forum.
Bitcoin prices rallied on August 13, reaching a fresh, all-time high above $124,000.
The U.S. share of the global economy has tanked below 15% during Joe Biden’s presidency. By the end of his term, it is projected to hit a record low of …
The International Monetary Fund said an escalation of the conflict in the Middle East could have significant economic ramifications for the …
Stock markets tumbled on Monday, with Japanese shares at one point exceeding their 1987 "Black Monday" loss, as fears of a U.S. recession sent investors fleeing from risk while wagering that rate cuts would be needed to rescue …
Some countries are working on reducing their reliance on the dollar, First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath at the Stanford Institute for Economic Policy Research.
The attacks by the Ansar Allah Houthi movement on commercial shipping have disrupted or diverted nearly 20% of global shipping, U.S. Secretary of State Antony Blinken said during the press conference with Amir Sheikh Tamim Bin …
Germany continues to feed the EU budget
The shift to settlements in national currencies bypassing the dollar can no longer be stopped, Russian Foreign Minister Sergey Lavrov told a press conference following a visit to New York as part of Moscow's presidency of the UN Security …
The head of the International Monetary Fund called for greater vigilance over the global financial system during a speech in China on Sunday in which she also pointed to “green shoots” emerging in the world’s second-largest …
IMF Managing Director Kristalina Georgieva, addressing an Arab Fiscal Forum in Dubai, said global growth remains weak, but it may be at a turning point. "After expanding by 3.4% last year, we see growth slowing to 2.9% in 2023 and …
At the World Economic Forum in Davos, Gita Gopinath, deputy managing director of the IMF, signalled that the fund would upgrade its economic forecasts. Instead of predicting a “tougher” 2023, she now expected an …
The majority of leading economists surveyed by the World Economic Forum (WEF) in November-December last year forecast a recession in the global economy in 2023, according to the WEF report published on Monday. According to the report, a …
The World Bank on Tuesday trimmed its global growth forecast for 2023 from 3% to 1.7%. The decrease is due to monetary policy tightening to tame elevated inflation, reduced investment, and disruptions caused by the Ukraine war, the bank …
Fitch Ratings Inc. said it again revised down world GDP forecasts for 2023 "as central banks intensify their fight against inflation and the outlook for China's property market deteriorates." Fitch said it now expects 2023 …
