Putin Discusses BRICS Currency and Swift Alternative
Russian President Vladimir Putin has emphasized the need for independent financial systems within BRICS, focusing on developing an alternative to Swift. He addressed the idea of a shared BRICS currency but urged caution, noting that it’s not yet fully developed. His...
How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim
Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while...
Russia Pushes Digital Currency Plan for BRICS — Is This the End of Western Financial Dominance?
Russian President Vladimir Putin has unveiled a plan to introduce digital currencies as a key tool for investment for the BRICS alliance. This proposal aims to boost economic growth in developing nations, with a focus on minimizing inflationary risks. By involving...
UBS Predicts ‘No Landing’ for US Economy — What It Means for Markets and Inflation
Global investment bank UBS is forecasting a “no landing” scenario for the U.S. economy, where growth continues and inflation remains stable, defying predictions of recession. With stronger-than-expected jobs data and GDP growth, UBS expects election-driven...Interesting 13
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