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The Latest Breaking News from BRICS

Biden’s UN speech barely mentioned Russia and China. That’s no coincidence

Biden was pitching global cooperation to developing nations long suspicious of the US-dominated world order

The Guardian - US

War in Ukraine is revealing a new global order – and the ‘power south’ is the winner

Long-held resentments of the west are surfacing as world relations rebalance in favour of economic powerhouses like India and China, says Guardian columnist Nathalie Tocci

The Guardian - UK

The ‘mantras’ that powered success at the G-20 summit

It is India’s policy ‘mantras’ of multilateralism, multipolarity and the “middle way” that won the day at the G-20 summit

The Hindu

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‘He’s had a bad summer’: Xi faces calls to loosen grip as China’s crises mount

Floods, economic headwinds and disappearing ministers aside, experts say the Chinese leader’s iron grip on power may be his biggest problem

The Guardian - UK

The Observer view on the Biden-Zelenskiy talks: now is no time to reduce support for Ukraine

Backing0 for Kyiv is beginning to wane in the US, Britain and France, but letting Putin have his way risks destroying the whole post-cold war order

The Guardian - UK

Reporters’ Notebook: A China-Backed All-Electric Race Series Could Steer the Global South’s Clean Energy Transition

The launch of the Elite World Cup is part of a broader plan by its founders to ignite the EV sector in South Africa and other developing nations

Caixin Global

Let us disuse the notion that one country is going to emerge as leader of Global South: South African official

No single country to lead Global South, saysSouth African President Cyril Ramaphosa's spokesperson Vincent Magwenya; stresses importance of Global South having a voice in multilateral platforms

The Hindu

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As Russia woos nations to support its war in Ukraine, will fault lines deepen around the globe?

Some 560 days have passed since the Russian invasion of Ukraine. We have repeatedly been reminded about the awfulness of war – the senseless waste of human life and indiscriminate misery caused by the imperial delusions of a self-interested leader.

The Conversation

Is the Euro and FXE Destined to Decline?

The euro is the world’s second leading reserve currency behind the U.S. dollar. The euro is the pan-European currency that changed the foreign exchange market at the turn of this century. The euro fell below parity against the U.S. dollar in late 2022 but has recovered and made higher lows…

Barchart

G-20 Summit clinches New Delhi Declaration

2023 G-20 Declaration text marks climbdown by G-7 and EU, doesn’t contain direct criticism of Russia for Ukraine war; G-20 accepts membership of African Union; consensus had come about due to stand taken by Indonesia, India, Brazil and South Africa

The Hindu

Hafta letters: Countering hate, teacher-student relationships, space exploration

Hello NL,

Newslaundry

Chinese Premier Li Qiang lands in India facing first international test

Prime Minister Narendra Modi and Li Qiang will have the opportunity for informal interactions along the sidelines of G-20

The Hindu

Why is Xi Jinping missing the G20?

China’s leader will not attend the meeting in Delhi, prompting speculation over tensions with India, pressing domestic issues and a tactical retreat

The Guardian - AU

India seeking greater voice for developing world at G20, but Ukraine war may overshadow talks

It’s never been easy for the leaders of the world’s largest economies to find common ground, but the global ramifications of Russia’s war on Ukraine mean even greater challenges for meaningful agreement at the Group of 20 meeting this year

The Independent UK

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The Independent UK

War sanctions against Russia highlight growing divisions among the Group of 20 countries

Treasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries

The Conversation

4 ways to rein in China and Russia, alleged superpower perpetrators of atrocity crimes

At the latest meeting in South Africa of BRICS — a grouping of the world economies of Brazil, Russia, India, China and South Africa — Russian President Vladimir Putin was a no-show.

The Hindu

The implications of the expansion of BRICS

With its proposed expansion, BRICS could mark a turning point in modern history

The Guardian - UK

China signals Xi Jinping will not attend G20 summit in India

Analysts say absence could be snub to Delhi or part of apparent push by Beijing to elevate blocs not regarded as US-dominated

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The Times of India

G20 summit: Xi Jinping’s 'no-show' marks shift from statesman to China ‘emperor’

BEIJING: President Xi Jinping began his third term with a diplomatic blitz that bolstered his image as a global statesman. Now, he’s set to skip the world’s premier international forum of world leaders — and it’s not exactly clear why.

The Hindu

Some countries are trying to hijack G-20 agenda, says Russia

Russian Ambassador comes out strongly against what he calls western attempts to foreground the Ukraine crisis at the multilateral platform, says political issues should not be raised in keeping with the tradition of G-20

Barchart

Is a BRICS Currency Explosive for Gold?

Gold is the world’s oldest currency. Central banks, governments, monetary authorities, and supranational institutions own gold as a foreign currency reserve asset. Over the past years, they have increased holdings, even though gold prices have been rising since the turn of this century. The potential for a new currency that…

The Independent UK

China's new national map has set off a wave of protests. Why?

China has upset many countries in the Asia-Pacific region with the release of a new official map that lays claim to most of the South China Sea, as well as contested parts of India and Russia, and official objections continue to mount

The Guardian - AU

Biden hopes Xi Jinping will attend G20 amid reports Chinese president will skip Delhi summit

Analysts suggest Chinese leader may be reluctant to give neighbouring rival India the spotlight

The Conversation

Jokowi is right not to join 'BRICS' for now – but the alliance is still important for Indonesia

Indonesian President Joko “Jokowi” Widodo travelled to Johannesburg, South Africa, on August 24 to attend the 15th BRICS summit, an informal grouping of five major emerging nations: Brazil, Russia, India, China and South Africa.

The Hindu

Western countries continue to siphon off resources from developing countries: Russian diplomat

N. Ram, Director, The Hindu Publishing Group, said the expansion of BRICS has come at the right time.

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