BRICS / United StatesBRICS: Janet Yellen Repeatedly Says Sanctions Led to US Dollar Decline‘The US Treasury Secretary Janet Yellen has once again admitted that sanctions affected the US dollar. She testified on Tuesday before the House Financial Services Committee on how to protect the status of the US dollar. Yellen raised concerns about the US pressing sanctions on Russia in 2022 that led BRICS to kick-start the de-dollarization […] Jul 15, 2024
BRICS / GlobalBRICS: Saudi Arabia Banks Hit Record-Breaking Profits‘Perspective BRICS member Saudi Arabia has hit a new milestone in its banking sector, with the Saudi National Bank reporting a 14-month high in profits. The Central Bank of Saudi Arabia reports that in May, the total earnings of Saudi banks hit a record-breaking 14-month high of $1.96 billion. Cumulatively, from the beginning of the […] Jul 15, 2024