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2 mins read
At BRICS meet, Saudi Arabia urges all nations to halt weapon exports to Israel
Saudi Arabia's Crown Prince Mohammed bin Salman on Tuesday urged all nations to cease weapon export…
ANI
1 min read
Six countries inducted in BRICS as new members of grouping
The leaders of the BRICS nations on Thursday decided to admit Argentina, Egypt, Ethiopia, Iran, Sau…
3 mins read
BRICS Leaders Retreat: PM Modi, leaders to explore how to use utilise platform better
Prime Minister Narendra Modi arrived at the Summer Place in Johannesburg to participate in the BRI…
ANI
2 mins read
BRICS-led dedollarization should alarm the US as new members could be most aggressive against the greenback, former State Dept. official says
"It is clear that traditional US allies, such as Egypt, Saudi Arabia, and the UAE, are already expl…
Filip De Mott
4 mins read
BRICS decides to admit 6 countries as new members of grouping; focuses on voices of Global South
op leaders of the BRICS nations on Thursday decided to admit Argentina, Egypt, Ethiopia, Iran, Saud…
PTI
2 mins read
A BRICS currency backed by gold 'makes no sense whatsoever,' says one market guru
David Woo, previously a top strategist at Bank of America, questioned what would be achieved by cre…
Joseph Wilkins
2 mins read
BRICS's messaging about de-dollarization could get even messier if Zimbabwe joins the group's bank
A former Zimbabwe finance minister said there could be an economic "disaster" if the current admini…
Huileng Tan
1 min read
Key BRICS member admits the dollar will remain dominant despite oil deals in rupees and yuan
"I wish the Indian rupee should be the lead currency in the world. But I'm also a realist," India's…
Filip De Mott
4 mins read
Xi and Putin are seeking to expand the alliance of BRICS nations to challenge the global dominance of the US and the dollar
The BRICS nations —Brazil, Russia, India, China, and South Africa — are the main geopolitical count…
Tom Porter
2 mins read
China-based BRICS bank aims to de-dollarize debt by expanding local currency lending
The New Development Bank has plans to expand lending in Brazilian, South African, and Indian curren…
Filip De Mott
2 mins read
The idea of a BRICS common currency is almost 'embarrassing,' the economist who named the group says
Lord Jim O'Neill, who coined the term BRICS in 2001, waved away the possibility of the group of cou…
Joseph Wilkins
3 mins read
The BRICS summit ended with no new currency and all 5 members issuing differing and contradictory commentary on de-dollarization
The BRICS nations appear divided on the issue, as statements from the bloc's leaders last week indi…
Huileng Tan
3 mins read
The BRICS summit ended with no new currency and all 5 members issuing differing and contradictory commentary on de-dollarization
The BRICS nations appear divided on the issue, as statements from the bloc's leaders last week indi…
Huileng Tan
2 mins read
BRICS countries could swing an 'economic wrecking ball' at dollar dominance even without a shared trade currency, former White House economist says
The US dollar could soon be in the same position as the British pound in the 1800s, a former White …
Jennifer Sor
2 mins read
China's Xi Jinping unexpectedly skipped a speech at a BRICS summit aimed at challenging dollar dominance
No explanation was given for the absence, and China experts wondered whether something was amiss.
Phil Rosen
1 min read
Nouriel Roubini says the idea that BRICS countries will create a new world order is wrong as they are a 'mishmash' of systems
Brazil, Russia, India, China and South Africa are hobbled by their different political systems and …
Filip De Mott
1 min read
'Rich Dad Poor Dad' author Robert Kiyosaki warns the dollar 'will die' as BRICS nations eye gold-backed alternative
Recently, the Russian embassy in Kenya said the BRICS group of countries are working on a common cu…
Zahra Tayeb
1 min read
China, Russia and India aren't developing a dollar rival, top official says: 'There's no idea of a BRICS currency'
India's foreign minister S. Jaishankar pushed back on the idea that the BRICS group of countries ar…
George Glover
1 min read
Russia's foreign minister accuses the West of 'financial blackmail' as BRICS eye adding Saudi Arabia, Iran to economic bloc
Russia's foreign minister accused Western nations of using "financial blackmail" as its economy fac…
Jennifer Sor
2 mins read
Putin can't attend the BRICS summit for fear of arrest, but he couldn't pass up taking potshots against the West and the US dollar via tape
In a 17-minute prerecorded speech, Putin touted de-dollarization and renewed his call to increase t…