US government debt and Washington’s budget deficit present the biggest threats to the global economy this year, Russian government agency Roscongress has warned. Washington’s $34 trillion burden is mathematically impossible to pay off, Roscongress has claimed in a report it published on Wednesday. The agency based its estimate on the …
Read More »Unstoppable march of the Global South: How Russia and Africa made 2023 a pivotal year for bilateral relations
The year 2023 seems to have been another ‘Year of Africa’, with significant media attention drawn to developments across the vast continent. Indeed, the region’s 54 countries and nine core regional blocs (SADC, ECOWAS, and others) have a lot of stories to offer. Throughout the year, coups failed and succeeded, …
Read More »How the Global South is rediscovering centuries of shared history to challenge Western domination
India’s history with Africa goes back several centuries when Indian traders traveled to the eastern coasts of the continent using the monsoon winds. Immediately after gaining independence from the British in 1947, India, as one of the first decolonized countries, decided to spearhead the struggle for a more just global …
Read More »Germany’s leadership a global ‘laughing stock’ – Putin
Germany is being bossed around by its Western partners because it lacks sovereignty, and its policymakers demonstrate poor leadership skills, Russian President Vladimir Putin said at a Wednesday meeting with young Russian scientists. Putin weighed on the EU’s push to wean itself off Russian energy following the start of the …
Read More »Timofey Bordachev: The global majority is shocked by the hypocrisy of the West in the Israel-Palestine conflict
We in Russia are very fond of appealing to such a concept as the “global majority” – these are countries of the world that link their development to the main trends of globalization, but are capable of expressing their own views on fair forms of international order. Up to now, this …
Read More »Global South won’t back Kiev as West demands – WSJ
Western officials have overestimated the willingness of neutral nations to join anti-Russia policies in support of Ukraine, according to The Wall Street Journal. “It’s clear that the West overall has been surprised by the pretty widespread reluctance by many of the countries in the so-called Global South… to come on …
Read More »How EU halt of Ukrainian grain imports could impact global food supply
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Read More »IMF issues warning on global economic stability
The world economy is headed for a difficult year, as the fallout from the recent banking crises and the formation of rival economic blocs triggered by the Ukraine conflict threaten to undermine global economic stability, the head of the International Monetary Fund (IMF), Kristalina Georgieva, said at the China Development …
Read More »Pele: From humble beginnings to football’s first global superstar
Brazilian football legend Edson Arantes do Nascimento, better known as Pele, has died aged 82 in Sao Paulo. Pele’s passing at the Albert Einstein Hospital in Brazil’s largest city follows a prolonged period of ill-health and a battle with colon cancer. The football icon had a tumor removed from his colon …
Read More »Putin warns NATO against ‘global catastrophe’
Putting NATO troops into direct contact with the Russian army would be a foolish step that could lead to “global catastrophe,” Russian President Vladimir Putin warned on Friday, following the Central Asia-Russia summit in Astana, Kazakhstan. Asked whether NATO might send troops into Ukraine if the country was close to …
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