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BRICS: Only 33% of Trade Settled in US Dollars

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Russia’s Foreign Minister Sergey Lavrov confirmed that BRICS members have settled 67% of trade in local currencies, and only 33% of deals were paid in US dollars. The significant difference highlights the seriousness of the de-dollarization agenda, and the motive to topple the greenback is succeeding. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. “National currencies already account for more than 65% within the framework of trade among BRICS members, said Lavrov. “ The dollar’s share declined to one-third against such a background,” he revealed to Tass. Also Read: BRICS Alliance: 2 New Countries Apply to Join Before 2025 Summit BRICS members have overall settled cross-border transactions close to 67% for goods and commerce, while the payments in the US dollar account for just 33%. De-dollarization is a serious concern, and the White House brushing it under the carpet will only do harm in the long run. Develop...

Alphabet's (GOOGL) Waymo Expands: Why Its Huge for the Stock in 2025

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One of the most promising businesses that Alphabet (GOOGL) has, Waymo, has recently expanded, as investors are expecting the news to be huge for the stock in 2025. The project has been a focus for the company, receiving significant investment as it looks to become a massive player in the self-driving space. Waymo is an autonomous car project developed by Alphabet to completely revolutionize ride-hailing services. Yet they aren’t alone. Over the last year, Uber (UBER) and Tesla (TSLA) have debuted similar projects that are looking to take significant market share. With the project still facing regulatory hurdles, Alphabet could be in an advantageous position. Moreover, it could see its stock skyrocket as a result. Source: TechCrunch Also Read: Alphabet (GOOGL) May Get $20B in Google Chrome Sale The Self-Driving Race is On, and Alphabet Stock Could Be the Big Winner The idea of autonomous cars was always a dream for the future. Yet, with advancements in technology rapidly developing...

Coinbase’s international expansion head to leave in 2024

Coinbase’s executive responsible for inter national expansion , Nana Murugesan, will leave the firm in 2024 amid EU expansion . Coinbase’s Vice President of Inter national and Business Development, Nana Murugesan, is leaving the crypto exchange as the company seeks to expand services in Europe under the new Markets in Crypto-Assets (MiCA) regulation. 1/3 Really enjoyed my two incredible years at Coinbase. Thank you @brian_armstrong, @emiliemc and team for this amazing journey 🫡 It was a privilege to criss-cross the globe to build the foundation for growth. Sharing some reflections on my time here: https://t.co/4h0pwKmtUu — Nana Murugesan ️ (@NanaMurugesan) November 13, 2023 Although Murugesan did not elaborate on the reason for the move, he said in an X post on Nov. 13 that he will leave the company in Q1 2024. However, he will stay at the firm as an advisor until July 2024. As of press time, it is unclear who will replace him. You might also like: Co...