Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March,…

Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now

V nedeljo, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was

Poročilo: Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project’s Cash Reserves

One of South Africas largest financial services groups, Old Mutual, has reportedly been appointed manager of the ZARP stablecoin projects cash reserves. Founders of the stablecoin are hopeful that the appointment of one of the countrys oldest financial services companies will

Poročilo: Judge in MTI Liquidation Case Issues Order Designating Bitcoin an Intangible Asset

A judge in the collapsed online bitcoin trading platform Mirror Trading Internationals liquidation case has issued a provisional liquidation order that outlines the criteria to be used when reimbursing investors. The order also reportedly directs the liquidators to regard bitcoin “kot…

Uganda Claims Exploration Surveys Discovered 31 Million Metric Tons of Gold

While gold is often considered a scarce asset, Uganda explained on Wednesday that recently conducted exploration surveys indicate that theres roughly 31 million metric tons of gold ore waiting to be mined in the region. Poleg tega, a spokesperson from Ugandas Ministry