Global credit rating agency S&P warned on Monday that it could cut Israel’s sovereign credit rating if the war with the Palestinian militant group Hamas expands to other fronts.   In October, S&P maintained Israel’s ‘AA-’ rating but lowered the country’s credit outlook from ‘stable’ to ‘negative’, citing risks that the Israel-Hamas war could spill…

The dollar-based international financial system is becoming “risky,” the head of Russia’s central bank says More and more countries are looking for alternatives to the Belgium-based SWIFT financial messaging system, the head of the Russian central bank, Elvira Nabiullina, told RIA Novosti in an interview on Tuesday.

The share of the country’s transactions with other bloc members in national currencies has reached 85%, Elvira Nabiullina says The share of Russia’s settlements in national currencies with fellow BRICS countries has increased to 85%, up from just 26% two years ago, the head of the Russian central bank, Elvira Nabiullina, told RIA Novosti on…