The entrepreneur has also said that the modern world should not abandon the use of oil and other fossil fuels.
He added that further discussions on the issue would have to continue, in particular, at the level of finance ministers of the BRICS countries.
Talk of Russian LNG is also being discussed for effective operation of new generating capacities in South Africa.
There are no obstacles for developing countries to switch to trade in national currencies, says the president of BRICS’ New Development Bank, Dilma Rousseff.
The Russian president said he highly valued and would further develop the full spectrum of economic ties with Africa – with individual states as well as regional ...
El Nino is a global weather phenomenon that is a naturally occurring climate pattern associated with warming ocean surface temperatures in the central and eastern ...
OPEC+ decision to extend oil production cuts until the end of 2024 may cause an increase in global oil prices due to the possible imbalance of supply and demand. ...
The US banking crisis has already affected several states around the globe including in Europe.
The index includes 500 richest people on the planet, and currently, 22 of them are Russian citizens.
As US Treasury Secretary Janet Yellen said the Group of 20 rich nations was just ’a few billion dollars short’ of a pledge to raise $100 billion (R1. 5 trilliion) ...
The World Bank and the African Union (AU) have agreed to collaborate on supplying coronavirus vaccines for up to 400 million people on the continent.
The Australian federal court fined US tech giant Apple $6. 7m for telling some Australian Apple device owners their faulty devices could not be fixed.
New Development Bank president Kundapur Vaman Kamath yesterday welcomed the idea of creating a free trade area within the BRICS group of states.
Trade wars will affect the entire global economy, not only certain countries, International Monetary Fund managing director Christine Lagarde said.
Russian banks were hit by 11 cyberattacks involving the Cobalt Strike software in 2017, with the amount of losses estimated at 1. 156 billion roubles.
The plunge, caused by a glut in global supplies, prompted oil producers to agree on limiting output in late 2016.
BP Chief executive Bob Dudley said that the global oil market had already reached equilibrium and further shock price movements were unlikely.
Prices for accommodation in the Swiss Alps town of Davos, hosting the annual World Economic Forum on January 22 to 26, have soared.
Kaspersky Lab hopes to continue its cooperation with Barclays despite accusations that the lab has been spying on the London-based bank's customers.
Bitcoin is not appropriate for use within the Russian economy since it is based on foreign cryptocurrency algorithms.
President Jacob Zuma invited Russian President Vladimir Putin to visit his country at a meeting with Putin on the sidelines of the BRICS summit.
Elon Musk, along with 115 other business minds, focused on AI and robotics signed an open letter calling for a ban on the so-called killer robots.
KPMG has accepted the fine which emerged as a result of them involved in business with Miller Energy
THE UK IS ready to pay the EU up to £36billion (R630bn) in accordance with London?s financial obligations which are a result of its EU membership, local media reported ...
The Royal Swedish Academy of Sciences awarded the Nobel Prize in Economics Sciences to Oliver Hart and Bengt Holmstrom.