Category: finance


Vladimir Putin announced the willingness of 30 countries to join BRICS

On January 1, 2024, Russia assumed the presidency of the BRICS. In his speech published on the Kremlin website, Russian President Vladimir Putin stressed that unification attracts more and more like-minded people.

As of January 1, 2024, Egypt, Iran, the United Arab Emirates, Saudi Arabia and Ethiopia became full members of the association.


• BRICS alliance is set to expand with 14 more countries expressing interest in joining.

• This expansion represents a shift in global economic alliances, challenging traditional power structures.

• The potential addition of new members indicates BRICS’s growing influence and the move towards a multipolar world order.

      The 14 countries, including Algeria, Bahrain, Bangladesh, Belarus, Bolivia, Cuba, Honduras, Kazakhstan, Kuwait, Palestine, Senegal, Thailand, Venezuela, and Vietnam, have applied to join the BRICS bloc. This list represents a diverse mix of economies from different continents, each seeking to tap into the benefits of BRICS membership, ranging from increased trade opportunities to a stronger voice in global affairs.


US dollar continues to lose investors

The US dollar continued its losing streak while Treasuries steadied after rallying on further bets that the US Federal Reserve is nearing the end of its rate hike cycle.

Hopes that interest rates have peaked and the economy will avoid a recession spurred stocks and government bonds this month.

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