The UK economy is not yet clear of difficulty, Chancellor of the Exchequer Jeremy Hunt warned on Friday, following the release of data showing the nation had narrowly avoided a recession. According to the Office for National Statistics, GDP showed zero growth in the final quarter of 2022, and a month-on-month decline of 0.5% in…

The balance is shifting and Washington must accept that its hegemony is about to end, Viktor Orban has said The world is facing the biggest power shift in decades, with the US poised to lose its leading position to China, Hungarian Prime Minister Viktor Orban said on Saturday.

Russia is not the only major economy to use the Chinese currency for trade settlements as more and more nations seek alternatives to the greenback When Russia’s foreign exchange reserves were frozen and the country was cut off from the SWIFT messaging system in light of the Ukraine conflict, Moscow turned to other settlement options,…