Iran

Can an Expanded BRICS have a Unified Mission at last?

This first week of January was, amongst other things, notable for the official inclusion of Saudi Arabia, UAE, Egypt, Ethiopia and Iran into the Brazil, Russia, India, China and South Africa consortium known as BRICS.  This puts the ink into the agreement pencilled in Johannesburg last year. Not to put a damper on things, but […]

IMF Warns Bank Failures Highlight ‘Perilous’ Financial Stability Risks

The International Monetary Fund warned on Tuesday of a “perilous combination of vulnerabilities” in financial markets, saying participants’ failing to adequately prepare for interest rate increases has led to significant uncertainty about the health of the financial system. Moreover, the global lender said U.S. regional banks in particular may warrant closer scrutiny after the largest […]