At a recent finance CEO panel in Riyadh, Morgan Stanley's CEO, Ted Pick, declared that the days of zero interest rates and inflation are firmly behind us. Pick was referring to the notion that since the end of the Cold War, global conflicts and ideological clashes had diminished, as famously proposed by Francis Fukuyama in 1992. However, the rise in interest rates an...

The United Nations Security Council was created a long time ago, in 1945. Back then, the world was very different. But the Security Council hasn't changed much since then. It's time for a makeover! The Security Council has five permanent members: the United States, the United Kingdom, France, China, and Russia. They have special powers called vetoes. This means they...

Russian President Vladimir Putin held a summit with leaders from China, India, and other countries part of the BRICS group. This alliance, originally made up of Brazil, Russia, India, China, and South Africa, has grown by including nations like Iran, Egypt, and Saudi Arabia. The focus of the meeting was to explore financial cooperation and expand the BRICS bloc, aimi...