The Institute of International Finance (IIF) has forecast a decrease in Russia’s fiscal breakeven oil price (the amount to balance the external current account) to $77 per barrel by 2025, supported by a recovery in oil and gas revenues.
While countries like China and the United States had the highest electricity demand by a considerable margin, a new player that rivals the consumption of some of the biggest economies and is bolstered by the ongoing AI hype and data center use.
The state of global inequality is alarming, showing no significant improvement over the past century, according to the World Inequality Report 2022,
The Global Wealth Report 2024 was released on July 10 by the Swiss bank UBS, highlighting where wealth inequalities have grown the furthest. South Africa comes top of the list, scoring 82 out of 100.
The US dollar's share in global reserve currencies is falling steadily, but instead of being replaced by one of the "big four" alternatives – euro, yen, and pound – central banks are buying currencies like the Chinese yuan.