Waning Western support, heavy losses and lack of battlefield gains have apparently hugely dented the hopes of Kiev and its backers Ukraine is heading towards 2024 with mounting battlefield casualties, a lack of tangible military progress, the now-official failure of its counteroffensive efforts, its ever-widening conscription drive, as well as a shrinking flow of financial…

95% of the country’s transactions with India and China were conducted in local currencies last year National currencies were used in 95% of Russia’s trade with China and India last year, the secretary general of the International Chamber of Commerce (ICC), Tatiana Monaghan, revealed on Monday.

Emerging nations, including El Salvador, Ghana, Egypt, Tunisia and Pakistan, will be challenged with a historic cascade of defaults as a quarter-trillion-dollar pile of distressed debts exerts downward pressure on economies, Bloomberg is reporting.