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Five things we found out at this year’s BRICS summit
The yearly BRICS summit wrapped up in Russia yesterday (Thursday), ninja-starring dozens of new announcements out into the world before dropping a 32-page Joint Declaration that probably could’ve just been an email. But first, some context. Starting out as a Goldman Sachs acronym for emerging markets with promise back in 2001, the four originals (Brazil, Russia, India, […]
Myanmar’s rebel groups are winning the civil war
That old iPhone in your hand and the Peugeot you forgot to fill with gas might just tie you to one of the most resource-rich areas in the world: Kachin, in northeastern Myanmar. And that might be why, when word emerged that the rebel Kachin Independence Army just seized control of the country’s rare-earth mining hub of Pangwa, the world […]
Move aside, inflation — the IMF is worried about tariffs
The International Monetary Fund (IMF) — the DC-based 191-nation body that pumps out data, writes cheques, and wrangles governments to work together on economic issues — just dropped its latest six-monthly World Economic Outlook. And it coincides with the Fund’s fall meetings in DC, drawing ministers, central bankers, and gurus from all corners. Now, it’s a […]
North Korea enters the Russo-Ukraine war
What are friends for, if not to help in times of need? We imagine that’s roughly what Vladimir Putin said when he asked Kim Jong Un for a few thousand North Korean soldiers to help his three-day invasion of Ukraine, which is now heading into its third year. Anyway, North Korea’s supreme leader seems to […]