BRICS is seeking to reshape the international balance of power through new development finance, alternative payment systems and greater use of national currencies. Yet its ambitions face formidable obstacles, from Western financial
On July 5, 2025, President Luiz Inácio Lula da Silva addressed the opening of the BRICS Business Forum in Rio de Janeiro, setting a confident and ambitious tone ahead of the ongoing
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As the BRICS Summit takes place in Rio de Janeiro, the growing global weight of the bloc is clearer than ever. Comprising Brazil, Russia, India, China, South Africa, and the newly admitted
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Brics leaders renewed their call for stronger cohesion, expanded trade, and greater use of local currencies as part of a broader push to enhance the Global South’s influence on the global stage.
More The BRICS New Development Bank (NDB) has officially welcomed Algeria as its newest member. The expansion underscores the bloc’s accelerating efforts to create a multipolar financial system and reduce dependence on Western-dominated
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The U.S. dollar, once regarded as the gold standard for financial stability, is losing its “safe haven” status as global investors increasingly turn their backs on both U.S. bonds and the dollar
More The BRICS nations have issued a sharp collective response to the United States’ “reciprocal tariffs” policy, condemning it as a serious threat to global economic stability and a violation of international trade
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India is reportedly preparing to oppose Pakistan’s bid to acquire a $582 million stake in the Shanghai-based New Development Bank (NDB), a financial institution established by the BRICS bloc. According to sources
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India’s External Affairs Minister S. Jaishankar has dismissed the notion that BRICS is working against the dominance of the US dollar, stating that the group’s members hold diverse views on the matter.
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Brazilian President Luiz Inácio Lula da Silva has reaffirmed BRICS’ commitment to de-dollarization, emphasizing that the bloc will not be deterred from pursuing alternative payment platforms despite external pressures. Speaking at a
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by Our Correspondent in Muscat, Oman Former President of Sri Lanka, Ranil Wickremesinghe, delivered a bold statement at the 8th Indian Ocean Conference, asserting that the BRICS (Brazil, Russia, India, China, South
More The BRICS Summit 2025 has been officially scheduled to take place in Rio de Janeiro from July 6 to 7, according to the association’s press service. This marks a significant event under
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Congress MP Shashi Tharoor from India has responded to former US President Donald Trump’s recent threats regarding the potential de-dollarisation efforts of BRICS nations. In an interview, Tharoor, a prominent leader of
More Former U.S. President Donald Trump’s recent pledge to impose a 100% tariff on imports from BRICS nations has sparked intense debate over the potential economic and strategic fallout for the United States.
More The BRICS bloc, originally comprising Brazil, Russia, India, China, and South Africa, has officially expanded to include Indonesia as its 10th full member, while also welcoming new partner states from around the
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After the Suez Crisis of 1956, when US President Dwight Eisenhower asked France and Britain to park and leave the African continent and grant independence to the colonially controlled states, Africa saw
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