Argentina announces that it will not join BRICS bloc | Business and Economy News

Argentina announces that it will not join BRICS bloc | Business and Economy News

The move is the latest shift in economic and foreign policy by newly elected hard-right President Javier Milei. Argentina has announced that it will not join the BRICS bloc of developing economies, fulfilling a campaign promise by newly elected far-right President Javier Milei who has pledged to pursue closer ties…

Economic downturn punctures joy of festive season in Nigeria | Business and Economy

Economic downturn punctures joy of festive season in Nigeria | Business and Economy

Lagos, Nigeria – Chinenye Ikechukwu’s Decembers are usually dotted with concerts, parties, and restaurant and beach outings with friends. But this year, the 27-year-old resident of Yaba in Lagos has stayed mostly at home due to the economic downturn plaguing Africa’s largest economy. The rising cost of living and soaring…

China considers revising gaming rules after tech giants lose billions | Technology News

China considers revising gaming rules after tech giants lose billions | Technology News

Draft document outlining restrictions caused major stir as tech stocks tumbled, sent investors into a panic. Chinese authorities have said they may revise newly drafted online gaming rules shortly after the planned restrictions caused major tech companies to lose billions of dollars. State broadcaster CCTV reported on Saturday that the…

Sanctions threat looms over Bangladesh’s garment sector ahead of elections | Business and Economy News

Sanctions threat looms over Bangladesh’s garment sector ahead of elections | Business and Economy News

Dhaka, Bangladesh — Weeks after turbulent wage-hike protests and subsequent factory closures, Bangladesh’s ready-made garment (RMG) industry, a key revenue earner for the nation, is dealing with a new phase of anxiety: “possible” economic sanctions by the country’s Western partners. The United States and European Union collectively account for more…