Search Results for: BRICS
Clashes with Russia point to globalization’s end
August 4th, 2014
As the European Union and the United States ramp up their sanctions on Russia, President Vladimir Putin’s plans for retaliation seem to include an attack on McDonald’s. There could not be a more powerful symbol that geopolitics is increasingly ...
The Non-Eclipse of America
July 29th, 2014
The recent creation of a new international development bank by Brazil, Russia, India, China, and South Africa – the so-called BRICS – is just the latest challenge to America’s global leadership. But, from an international business perspective, the United ...
After the Dollar
July 28th, 2014
It is symbolic that the recent BRICS summit in Fortaleza, Brazil, took place exactly seven decades after the Bretton Woods Conference that created the International Monetary Fund and the World Bank. The upshot of the BRICS meeting was the ...
Apple earnings boosted by strong iPhone sales
July 23rd, 2014
Apple has reported quarterly profits of $7.75bn (£4.5bn) – up 12% on the same period last year. The company sold 35.2 million iPhones from March to June, an increase of 13% from the same time in 2013. The company ...
U.S. sanctions set to slow Rosneft’s dollar debt, not oil deals
July 17th, 2014
President Barack Obama aimed a direct blow at Russia’s economic heart on Wednesday with sanctions on Rosneft, the flagship oil giant that generates more than 4 percent of the world’s crude and over 8 percent of the country’s GDP. ...
Emerging Nations Bloc to Open Development Bank
July 16th, 2014
At a meeting in Brazil, the leaders of Brazil, Russia, India, China and South Africa announced on Tuesday that they were establishing a development bank to challenge the influence of venerable institutions like the World Bank and the International ...
IMF Worries That Chinese Slowdown Could Damage Sub-Saharan Economies
April 28th, 2014
Africa’s rising economic star is in danger of burning out from even a modest contraction in China’s economy as that country’s demand for natural resources decreases, warns the International Monetary Fund. After a meteoric rise for most of the ...
