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The Latest Breaking News from BRICS

Explained | Why is the BRICS summit important for India?

BRICS 2023: How will fruitful India-China talks have a bearing on Delhi G20 summit? Will Vladimir Putin attend South Africa BRICS Summit?

The Hindu

Emerging economies are pushing to end the dollar's dominance. But what's the alternative?

Across the developing world, many countries are fed up with America’s dominance of the global financial system — and especially the power of the dollar

The Independent UK

As BRICS cooperation accelerates, is it time for the US to develop a BRICS policy?

When leaders of the BRICS group of large emerging economies – Brazil, Russia, India, China and South Africa – meet in Johannesburg for two days beginning on Aug. 22, 2023, foreign policymakers in Washington will no doubt be listening carefully.

The Conversation

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China confirms Xi will attend economic summit in South Africa followed by state visit

China's Foreign Ministry has confirmed that President Xi Jinping will attend next week's summit of the BRICS nations in Johannesburg, to be followed by a state visit to South Africa

The Independent UK

BRICS 2023 summit: Common currency, membership expansion, Ukraine on agenda

South Africa hosts a summit of the BRICS group of nations and others in the Global South next week who are seeking to balance Western dominance of the world order while dealing with their own internal divisions.

The Times of India

Xi Jinping to make state visit to South Africa, attend BRICS summit

Trip will be Xi’s second overseas visit of 2023 and comes as China attempts to expand its geopolitical influence.

Al Jazeera

South Africa and Russia, the 'strange bedfellows'

South Africa's hosting of a BRICS summit next week has turned a spotlight on ties between Pretoria and the Kremlin that are cosy and, for some, a puzzle.

Radio France Internationale

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A BRICS currency replacing the dollar is a ‘ridiculous’ idea, says the top economist who named the group—unless China and India become allies

Jim O’Neill coined the term BRIC when he worked at Goldman Sachs in 2001, and he’s blasting the idea of a BRICS currency. “It’s embarrassing almost.”

Fortune

BRL/USD: Is Brazil’s Currency a Buy Against the U.S. Dollar?

Brazil’s currency, the real, declined steadily from 2011 through 2020. Over the past three years, the real has been edging higher against the U.S. dollar but has yet to break out on the upside. Since the trend is always your best friend, buying the real could be the optimal approach…

Barchart

Why Does Platinum Keep Failing?

Platinum is a rare precious metal with significant industrial applications, but over the past years, that has not helped the price. While gold and palladium rose to all-time highs in 2022, platinum could not manage a rally to anywhere near the 2008 record peak. After attempting to move above the…

Barchart

No decision yet, says Russian diplomat on Putin attending G-20 summit

Russia's Deputy Chief of Mission says decision on President Vladimir Putin's attendance at G-20 summit not taken yet. BRICS members working on settlements in national currencies, including single currency proposal. BRICS agenda closely corresponds to G-20 priorities.

The Hindu

The grammar of commerce in a new age of geopolitics

The prevalent geo-economic scene has also led to further settlements in local currencies

The Hindu

Ukraine war: talks in Jeddah give Kyiv an opportunity to push its ten-point plan to Brics and the global south

As the war in Ukraine escalated on and beyond the existing battlefields with intensified air, drone and ground operations, more than 40 countries met in Jeddah, Saudi Arabia, over the weekend of August 5-6 2023, to discuss peace.

The Conversation

An expanded BRICS could reset world politics but picking new members isn’t straightforward

Eager to escape perceived western domination, several countries – mostly in the global south – are looking to join the Brics bloc. The five-country bloc (Brazil, Russia, India, China and South Africa) is also looking to grow its global partnerships.

The Conversation

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The Guardian - AU

Russia-Ukraine war: Kyiv claims to have put a Russian Black Sea ship out of action – as it happened

Moscow has confirmed Ukrainian sea drones attacked a navy base near the Black Sea port of Novorossiysk

The Times of India

PM Modi to travel to South Africa for BRICS summit

NEW DELHI: Prime Minister Narendra Modi is set to embark on a journey to Johannesburg this month to participate in a summit of the BRICS group of nations. The meeting, scheduled for August 22-24, will bring together the current five members of BRICS: Brazil, Russia, India, China, and South Africa.

The Hindu

Morning digest | Govt, opposition try to end standoff over Manipur debate; PM Modi to attend BRICS summit in Johannesburg this month, and more

Read a daily selection of top stories from across India and the world by The Hindu to start your day.

The Hindu

PM Modi to attend BRICS summit in Johannesburg later this month

Prime Minister Narendra Modi on Thursday, August 3, 2023 confirmed to South African President Cyril Ramaphosa that he will be travelling to Johannesburg to attend the August 22-24 BRICS summit

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The Independent UK

Brazil's Lula voices support for more countries joining BRICS group

Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa

The Independent UK

Putin is downplaying skipping South Africa summit amid ICC warrant controversy

Russian President Vladimir Putin on Saturday appeared to downplay not attending an economic summit in Johannesburg next month amid a controversy over an arrest warrant issued against him by the International Criminal Court

The Times of India

India, Brazil push back against China over BRICS expansion

NEW DELHI: India and Brazil are pushing back against a Chinese bid to rapidly expand the BRICS group of emerging markets to grow its political clout and counter the US, officials with knowledge of the matter said.

The Hindu

Modi and Xi reached consensus at Bali, claims China as NSA Doval delivers tough message on LAC

At Bali dinner, PM Modi & Chinese President Xi Jinping reached "consensus" to restore bilateral ties, claimed China. Doval & Wang Yi met in Johannesburg to discuss LAC standoff & restoring peace & tranquillity.

Zenger

BRICS Common Currency Unlikely At Upcoming Meeting, Dollar Bulls Relieved

BRICS nations' plan for common currency unlikely to materialize, providing relief for dollar bulls.

Barchart

The U.S. Dollar Continues to Weaken; How Low Will it Go?

The U.S. dollar has been the world’s reserve currency for decades. The dollar index measures the U.S. foreign exchange instrument against the other reserve currencies. Meanwhile, a dramatic shift in the geopolitical landscape could reduce the dollar’s dominant role, causing the index to drop and become less significant in global…

The Hindu

Morning Digest | Opposition demands debate on Manipur in Parliament; police promise arrests after Manipur sexual violence video emerges, and more

Morning Digest, July 20, 2023 | Opposition demands debate on Manipur; police promise arrests in sexual violence case; Putin won't travel to BRICS summit; SC to list pleas to criminalise marital rape; Nitish denies being upset; BJP bets on small parties, and more

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