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Bookmark or Share- BRICS: Here’s what to know about the international blocThe BRICS bloc, originally Brazil, Russia, India and China, is expanding — and becoming more influential. Here's what to know.
- What are the most major economic impacts of higher interest rates?The cycle of interest rate hikes is exected to slow throughout 2023. Yet the World Economic Forum’s latest Chief Economists Outlook found that the “prospects of a full-scale shift to monetary loosening are remote.”
- Explainer: What is OPEC? - The World Economic ForumBefore OPEC formed, the international oil market was dominated by the “seven sisters” group of multinational energy companies. The group was set up at a time of global change, with “extensive decolonization and the birth of many new independent states in the developing world”, it says.
- Why oil prices matter to the global economy - an expert explains ...OPEC has been scaling up oil production slowly, but it also has limited spare capacity and is probably cautious not to oversupply the market again. Beyond spare capacity, oil production has very long investment cycles.
- This is what climate change costs economies around the world | World ...“Our only ask is that you come with solutions, and real actions,” Majid Al Suwaidi, Director-General and Special Representative of the United Nations Climate Change Conference (COP28), Office of the Special Envoy for Climate Change of the UAE, told the Forum in a panel session.
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