In the first expansion of the BRICS group in over a decade, Saudi Arabia, the United Arab Emirates, Iran, Egypt, Ethiopia, and Argentina have been invited to become members. The announcement was made by South African President Cyril Ramaphosa...
Reserve Bank of India (RBI) says that the global economy is currently grappling with formidable challenges, including elevated inflation, substantial debt burdens, volatile financial conditions, ongoing geopolitical tensions, instances of fragmentation, and severe weather occurrences. In its latest Bulletin,...
The Digital Personal Data Protection Bill, 2023 (DPDP Bill) has received approval from the President of India after being passed by both houses of parliament. The Rajya Sabha unanimously approved the bill on August 9, while the Lok Sabha...
The United Nations has achieved a significant feat by completing the safe transfer of oil from the FSO Safer supertanker located off Yemen's Red Sea coast. This successful operation has effectively thwarted the immediate threat of a potential massive...
The Colombian government and the National Liberation Army (ELN), the country’s largest left-wing guerrilla group, began a 180-day bilateral ceasefire on August 3. The truce will remain in force until January 29, 2024. The historic step was agreed upon...
The global economic growth forecast indicates a decrease from around 3.5 percent in 2022 to 3.0 percent for both 2023 and 2024, according to IMF. Although the 2023 projection is slightly improved compared to earlier predictions, it remains weak....
After two consecutive quarterly declines, global trade in goods and services rebounded in January-March 2023. However, the outlook for the rest of the year is grim. The latest Global Trade Update from UNCTAD reveals positive trade growth for goods...
