Argentina, Ethiopia and the U.A.E. were also invited to join BRICS, strengthening the group’s role as an alternative to Western-led forums.
Tag: Economic Conditions and Trends
Elections in Ecuador and Guatemala: Four Takeaways
Outsiders overperformed, underscoring the volatility of Latin American politics. Candidates calling to emulate El Salvador’s crackdown on crime did not do well.
Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War
With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.
Roaring Back From Pandemic, Japan’s Economy Grows at 6% Rate
The rapid expansion came as exports have risen and tourists have flooded the country. But a drop in domestic consumption worried economists.
Biden Describes China as a Time Bomb Over Economic Problems
The sharply worded comments are the latest example of the president’s willingness to criticize China even as he tries to ease tensions.
Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes
The central bank in Moscow took steps to counter the currency’s slide, but the war and resulting sanctions have put intense pressure on the economy.
The ruble’s fall is raising concerns inside Russia about rising inflation.
The Russian currency has lost about a quarter of its value against the dollar this year, a reflection of the country’s roiling economy.
In Egypt, Public Classrooms Are Empty as Private Tutors Get Rich
In a country hobbled by economic crisis, families often turn to private education centers instead of schools to seek better futures for their children, sometimes even sacrificing food to pay for lessons.
Iranians Blame Power Grid and Gas Shortage for Shutdown Amid Heat
The government in Tehran cited “unprecedented” heat when it ordered a two-day shutdown to protect health and conserve energy, but many residents were not buying it.
Iranians Blame Power Grid and Gas Shortage for Shutdown Amid Heat
The government in Tehran cited “unprecedented” heat when it ordered a two-day shutdown to protect health and conserve energy, but many residents were not buying it.