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US Share of World Economy Projected to Reach Historic Low
13.10.2024
The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share...
BRICS Nations Set for 4.4% Growth in 2024-2025, Outpacing G7 Economies
11.10.2024
Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth of 4.4% in 2024-2025, compared to 1.7% for G7 countries. Siluanov highlighted BRICS’ growing share of global GDP, now at 36.7%, and...
Vivek Ramaswamy Calls to End Federal Bureaucracy: ‘We Have Too Many Laws’
3.10.2024
Vivek Ramaswamy has voiced strong criticism against the federal bureaucracy, emphasizing that unelected officials are behind most laws, not Congress. He called for bipartisan efforts to dismantle the regulatory state. Ramaswamy emphasized that reducing bureaucratic power will drive prosperity...
Finnovex West Africa 2024: Driving Financial Inclusion and Economic Growth
25.9.2024
Finnovex West Africa 2024 is poised to be a critical forum for addressing key challenges and opportunities related…
UAE to Boost Global South Growth Through BRICS Membership
5.9.2024
The United Arab Emirates (UAE) is committed to supporting the economic development of the Global South through its membership in the BRICS group, according to Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance. The UAE aims to foster cooperation among BRICS countries to achieve...
China and South Africa Boost BRICS Ties: Key Outcomes from Xi’s Meeting With Ramaphosa
4.9.2024
China and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the importance of expanding BRICS and enhancing economic...
No Rate Cuts Yet: Fed Maintains Rates at Historic Highs
31.7.2024
The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has eased over the past year, it remains somewhat elevated, with the overarching...
Latvia's economic shift: Minister of Economics on crypto law and blockchain innovations
25.7.2024
Latvia’s Minister of Economics Viktors Valainis shared insights on the country's vision for a tech-driven future and new crypto laws and blockchain initiatives aimed at transforming its economy
Citi Analysts Predict 8 Weeks of Fed Rate Cuts Starting in September, Powell Seeks Evidence
9.7.2024
Analysts from Citi, the American multinational investment bank and financial services corporation, predict the U.S. Federal Reserve will begin reducing rates by September, totaling a 200 basis points (bps) cut over the next eight Federal Open Market Committee (FOMC) meetings. Nevertheless, Federal...
IMF Advises US to Keep Interest Rates Steady Through Late 2024
4.7.2024
The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest rates until late 2024. “Given those risks...
Bitwise Analysis: AI and Crypto Fusion Poised to Elevate Global Economy by $20 Trillion
12.6.2024
Bitwise’s Senior Crypto Research Analyst, Juan Leon, predicts a transformative impact on the global economy as artificial intelligence (AI) and cryptocurrency converge, potentially adding $20 trillion to the global Gross Domestic Product (GDP) by 2030. AI and Crypto —...
Australia needs blockchain ‘more than ever’ to flip productivity freeze
11.6.2024
Australian Parliament Member Andrew Charlton said he believes blockchain technology could add $60 billion to the economy
Intel and AfDB to train millions of Africans in AI
9.6.2024
The initiative aims to equip many Africans with Fourth Industrial Revolution (4IR) skills, including skills in advanced technologies like artificial intelligence, robotics, and data science
El Salvador and Cathie Wood talk about Bitcoin-powered economic growth
29.5.2024
El Salvador’s President, Nayib Bukele, has joined hands with Cathie Wood, the Chief Executive Officer of Ark Invest. The idea is to explore the potential unique qualities of Bitcoin and blockchain technology to boost the country’s economy. The impact of their collaborative efforts is expected...
India’s Forex Reserves hit $595B, exceeding 11-week peak!
30.11.2023
Foreign exchange India has broken the record once again with its significant achievement of exceeding an 11-week peak, settling forex reserves at $595 billion. In this article, we will discuss the economy’s record-breaking achievement and its economic implications, the future Outlook of...
UK Finance Minister Proposes Sandbox Initiative for Digital Assets Legislation
23.11.2023
Source: Pixabay / RGY23 The UK government has announced a new legislative proposal for a Digital Securities Sandbox (DSS), aiming to create a supportive testing environment for crypto technologies and services. In the recently released Autumn Statement, UK Chancellor of the Exchequer Jeremy Hunt...
Kazakhstan’s NPC Officially Rolls Out State-backed CBDC in Partnership With Visa and Mastercard
15.11.2023
Source: Iliya Mitskavets/Adobe Central-Asia Country Kazakhstan has officially launched the digital tenge project, a central bank digital currency (CBDC) designed to simplify payments and drive economic growth. According to a local news outlet report on November 15, Binur Zhalenov, CEO of...
Chainlink tweets about 3 pillars driving economic growth
25.10.2023
Chainlink recently released a tweet on its official X/Twitter account to talk about its economic growth. The renowned Oracle solution provider is experiencing rapid growth across its three pillars. These pillars are: Increased Monetization: Be it introducing new payment models or day-1 monetization...
Stocks across Asia and Europe rise on Economic growth indicators
12.10.2023
Stocks across Asia Pacific region marked second consecutive day of bullish growth while European stock market reach 3-week high
Global Debt Spikes to Record $307 Trillion Driven by US, Developed Nations
21.9.2023
The world’s debt has surged to a record high level in the second quarter, according to the Institute of International Finance (IIF). The increase has also helped lift the global debt-to-GDP ratio which had been declining for seven quarters but is now projected to reach 337% by the end of this year....