The Dow and the Nasdaq tumbled amid a broad sell-off after the Fed hiked key rate US markets fell sharply on Thursday in Wall Street’s worst day since 2020, eviscerating all the gains from the previous day, after the US Federal Reserve announced plans to raise the key interest rate.

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Detaching bilateral trade from Western currencies could strengthen intra-member cooperation, according to Redge Nkosi Establishing a BRICS common currency is an ambitious long-term task, although a joint payment system for intra-member trade could easily be launched in the near term, according to Redge Nkosi, executive director and head of research at South African company Firstsource…