The 2024 BRICS Summit drew attention like no other before. It was an ideal occasion for Russian president Vladimir Putin, Chinese president Xi Jinping and other leaders to promote a vision of a world that the United States does not lead. Four new countries, UAE, Iran, Ethiopia and Egypt participated for the first time. The […]
Indonesia has formally joined the BRICS group, a bloc of emerging economies featuring South Africa, Russia, China and others that is viewed as a counterweight to the West. Brazil, which holds the rotating presidency of the group, declared on Monday that Indonesia was set to join as a full member. Indonesia said on Tuesday that […]
With Brazil set to be the chair of BRICS in 2025, Vieira outlined plans for high level meetings to elevate the bloc’s presence on the world stage. This is a big moment for BRICS as it seeks to redefine its role in the global economic and political landscape. Brazil’s Plans for BRICS in 2025 In […]
Multilateral institutions are becoming the new reality in the geopolitical landscape. On October 22-24, Russia hosted the 16th Brazil, Russia, India, China and South Africa (BRICS) summit at Kazan. The summit was projected as a diplomatic success for Russia, sending a message to the West that it is not isolated internationally and continues to be […]
From 22 to 24 October, Russia hosted the 16th annual BRICS Summit in Kazan under the theme “Strengthening Multilateralism for Just Global Development and Security.” Attended by 36 country leaders along with the UN Secretary-General, António Guterres, the event’s success underscored a growing interest in multilateralism led by Global South. This success is also evident […]
Russia is pushing for a major comeback in the global tech race, leaning on its BRICS+ partners to build a united front in artificial intelligence (AI) development. President Vladimir Putin, speaking at Moscow’s flagship AI , announced the formation of the AI Alliance Network. The initiative will connect national AI associations and development institutions from […]
Incoming US President Donald Trump is obsessed with imposing tariffs, believing this will resurrect the ailing economy. However, the Republican faces the challenge that his reckless tariffs policy will only strengthen efforts to replace the US dollar as the global reserve currency, especially fearing a BRICS currency. In a Truth Social post on November 30, […]
Around 40% of Turkey’s annual natural gas demand of 56 billion cubic metres is supplied by Russia. However, payment disruptions caused by the Ukraine war and US sanctions have created significant risks for Turkey’s energy security, making the search for alternative supply routes a necessity. Despite US sanctions on Iran, Turkey has been able to […]
US President Donald Trump has refired conversations about a BRICS currency this week, following threats to ‘impose 100% tariffs’ on any nation from the emerging economic bloc. One-year ago, ahead of the 2023 BRICS Summit held in Sandton, the topic of a BRICS currency was well and truly put to bed when economic experts explained […]
Malaysia, a fast-growing Southeast Asian nation, has often sought to balance maintaining good relations with Western nations while fostering deeper connections with emerging economies. One avenue Malaysia is considering is closer engagement with BRICS (Brazil, Russia, India, China, and South Africa), a bloc of rapidly developing economies. This exploration reflects Malaysia’s desire to strengthen its […]
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