BRICS, a group of fast-growing economies including Brazil, Russia, India, China, and South Africa, seeks to challenge the dominance of the US dollar in global trade. They are motivated by a desire to reduce reliance on a currency that grants the United States significant economic and geopolitical power, including the ability to impose sanctions. The ...
The next industrial revolution driven by AI is set to change global dynamics. Unlike past revolutions that had specific centers, this one is already global, relying on data centers as its backbone. These facilities require significant energy and resources, and their relevance is highlighted by the U.S. investment of over $600 billion in AI infrastructure ...
In the dynamic world of finance news, the recent decision by the Hong Kong Monetary Authority (HKMA) to maintain its key interest rate has stirred interest and speculation. This article delves deep into the implications of this strategic move, its alignment with global economic trends, and the potential ramifications on Hong Kong’s financial landscape. Understanding ...
