The ex-head of the European Central Bank says a revamp is even more critical now that Donald Trump has been elected US president

KN. The European Union urgently needs a major economic revamp to restore the bloc’s competitiveness, former European Central Bank President Mario Draghi has warned. The official, who previously also served…

The central bank’s bullion holdings have exceeded $200 billion for the first time ever, according to the country’s central bank

KN. The value of Russia’s gold holdings surpassed $200 billion for the first time ever in October, while bullion’s share in the country’s international reserves increased to 32.9%, according to…

How Indonesia Is Going Its Own Way on Beijing, BRICS, and South China Sea

KN. In just one week, two encounters in different parts of the world showed the balance Indonesia is trying to strike between its strategic and economic interests. In the Russian…

OIKN Receives IDR 120.45 Billion Grant from Seven U.S. Companies, including IBM and Motorola

KN. The Nusantara Capital Authority (OIKN) and seven U.S. technology companies have collaborated to develop the phase II Command Center concept in Indonesia’s future capital city of Nusantara (IKN), East…

How Russia Courted the Global South at BRICS Summit

KN. The Russia-hosted BRICS summit came to a closed in Kazan, the capital of Russia’s republic of Tatarstan. The largest international event held in Russia since it invaded Ukraine more…