In its South Africa summit, BRICS invited six new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. The bloc now represents 37% of global GDP (PPP), over 40% of global oil production, and 1/3rd of global gas production, challenging the US petrodollar system. Ben Norton analyzes the importance of the meeting.
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Sep 24
This massive new Russia-China project will have huge impact on world
Donald Trump wants to use tariffs to force countries to buy more US oil and natural gas. Instead, China and Russia signed a deal to build the massive Power of Siberia 2 pipeline, which could transform the global energy market. Russia is integrating with Asia, while Europe faces a ... Show More
38 m
Jan 2024
Ep18. Can the non-West Order the Disorder? BRICs and the future of global institutions
On the 1st of January 2024, BRICS (an international forum of Brazil, Russia, India, China, and South Africa), are welcoming in new members to form BRICS+. In this episode, Alex Hall Hall talks with Anjali Bhatt about what the bloc aims to achieve and what the addition of Saudi Ar ... Show More
45m 26s
Feb 2021
Tech stocks fall on inflation fears, Brazil’s oil intervention, Big Tech goes green
The Nasdaq Composite closed 2.5 per cent lower on Monday as rising inflation expectations undercut arguments for tech stocks’ high valuations, Brazilian markets were rattled after president Jair Bolsonaro removed the head of Petrobras, and American rapper Jay-Z signs a big champa ... Show More
9m 33s
Aug 2023
#CutTheClutter: BRICS+6: What trade & GDP data says about expansion, where India stands, China sway & trading power
Following the 2023 BRICS Summit, which ended Thursday, the five-member grouping has opened its doors to 6 new members: Iran, UAE, Saudi Arabia, Egypt, Ethiopia and Argentina. In Ep 1298 of Cut The Clutter, Editor-in-Chief Shekhar Gupta goes through latest IMF data to decode the g ... Show More
21m 37s
Oct 2023
Crude Reality: Palestine, Petrol and Politics with Robert McNally
On the 50th anniversary of the first oil shock that led to the price of a barrel of oil quadrupling, the ongoing Israel-Hamas conflict has put the Middle East on the brink just as it did in 1973. Beyond the ever-rising body count, chances of a bigger global economic downturn have ... Show More
33m 56s
Aug 2023
MM124: Is Nvidia overvalued and why the expansion of the BRICS matters to the West and the rest!
Nvidia reported an incredible 88% jump in revenue this week driven by the ongoing demand for AI chips. However, their shares finished the session flat. What is a fair valuation for the tech stock and can its shares continue to rise?
The BRICS (Brazil, Russia, India, China, South ... Show More
44m 32s