In a significant development on the global stage, the BRICS nations have unanimously agreed to expand their developing world bloc. This decision marks a pivotal moment in international relations and reflects the growing influence of emerging economies in shaping the global geopolitical landscape. BRICS, an acronym for Brazil, Russia, India, China, and South Africa, has […]
The Spectacular Fall of Evergrande: A Closer Look at China’s Economic Challenge
Introduction In recent months, the global financial markets have been closely watching the situation unfold in China as Evergrande, one of the country’s largest real estate developers, faces a severe crisis. Once a symbol of China’s rapid economic growth and expansion, Evergrande is now teetering on the brink of collapse, raising concerns not only within […]
China’s Strategic Shift: Unloading $481.3 Billion in U.S. Bonds
Introduction In a significant move that has reverberated across financial markets and geopolitical circles, China recently made headlines by dumping $481.3 billion worth of U.S. bonds. This strategic decision signals a shift in China’s economic and political calculus, reflecting its evolving role as a global economic powerhouse and its desire to diversify its foreign reserves. […]
Russia introduces Islamic Banking
Russia’s Progressive Step: Introducing Islamic Banking System to Foster Financial Inclusion Introduction In a significant move that underscores its commitment to economic diversification and inclusion, Russia has embarked on a transformative journey by introducing an Islamic banking system. This strategic initiative seeks to align financial practices with Islamic principles while tapping into the burgeoning global […]
Fitch’s Decision to Join Standard & Poor’s in Downgrading U.S. Ratings: Impact on the Stability of U.S. Bonds
In the realm of global finance, the recent decision by Fitch Ratings to align with Standard & Poor’s in downgrading the United States’ credit rating has raised significant concerns about the stability of U.S. bonds. This move has sparked discussions about the economic implications, potential impacts on global markets, and the underlying factors that have […]
Second opinion on the UK Government’s Recent announcement of ‘Halal’ Student Loans: A Hanafi School of Thought perspective
Introduction The introduction of halal student loans by various financial institutions has been hailed as a significant step in providing Muslim students with access to interest-free financing for their educational pursuits. However, in scrutinizing the concept of halal student loans for Sharia compliance, it becomes essential to explore the perspective of the Hanafi school of […]
The Potential Impact of a $Dollar Collapse on the £British Pound.
Introduction In this article, we will explore the potential consequences of a scenario in which the US dollar experiences a collapse. It’s crucial to understand the possible implications, especially for countries like the UK that hold the 3rd largest dollar reserves in the world. We will discuss how the devaluation of the US dollar would […]
A Gold Standard: What It Looked Like, How It Worked, and Why It Failed
What did the world look like under a gold standard, how did it work, and why did it fail? The Gold Standard of 1871-1914: Gold provided an internationally valid unit of account and medium of payment. The outstanding feature of the period was the unity of the economic world, which has not been achieved at […]
Kenya is Dropping Its Colonial Shackles and Opening Its Borders to the African Continent
Introduction Kenya, a country rich in cultural diversity and natural beauty, has a history deeply influenced by colonial rule. For many years, the remnants of its colonial past shaped its policies and relationships. However, in recent times, Kenya has taken significant steps towards embracing its African identity and forging closer ties with its neighbors. […]
Russia Blocks the Black Sea: Grain Deal Canceled
Outline: Introduction The Black Sea region and its significance in the grain market Russia’s decision to block the Black Sea Impact on global grain trade Economic Consequences for Russia International responses and implications Environmental concerns Potential solutions and future outlook Conclusion FAQs Article: Introduction In recent news, Russia’s decision to block the Black Sea has […]