In a significant move aimed at reshaping the global financial landscape, the member countries of BRICS – Brazil, Russia, India, China, and South Africa – have announced the launch of the BRICS Pay system. This strategic initiative seeks to challenge the long-standing dominance of the US dollar in international trade and finance. As these emerging […]
World at ‘Tipping Point’ Following Government Debt Binges, Says HSBC Boss
In a stark warning, the CEO of HSBC, Noel Quinn, has raised concerns about the global economy reaching a precarious ‘tipping point’ due to the unprecedented levels of government debt. The aftermath of the COVID-19 pandemic has seen nations worldwide resorting to substantial financial measures to keep their economies afloat, resulting in an alarming […]