U.S. debt payments reached a record $1.1 trillion over the past 12 months
Reports indicate that if the rate remains at its current level this year, payments will amount to $1.6 trillion by December. However, if the rate is lowered by 150 basis…
BRICS – the new planetary resource supergiant
After the admission of Egypt, Iran, the UAE, Saudi Arabia, and Ethiopia into the union, experts calculated how much of the natural resources BRICS now controls: Oil – 45% of…
What caused price of cocoa beans to rise and what can it lead to?
The price of cocoa beans, already on a steady rise over the past two years, surged to unprecedented levels in March, surpassing $10,000 per tonne for the first time in…
Semiconductor production Volume in South Korea goes up
Production surged by 65.3% compared to the previous year, marking the largest increase since late 2009, according to data published on Friday by the National Statistical Agency. Semiconductor shipments also…
BRICS announced a blockchain-based payment system
For a long time, the BRICS countries have been trying to move away from the dollar. However, creating a common currency has not been possible so far, mainly due to…
Learn by you parent lesson
The U.S. faces a market shock akin to Liz Truss’s style if the government continues to ignore the country’s rising federal debt, warned the head of Congress’s independent fiscal service.…