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The Latest Breaking News from BRICS

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

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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

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 Independent UK

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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 Conversation

The implications of the expansion of BRICS

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

The Hindu

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

The Guardian - UK

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 Times of India

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

The Hindu

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…

Barchart

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 Independent UK

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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.

The Times of India

Delhi G20 summit: Chinese president Xi Jinping likely to skip

NEW DELHI: Chinese president Xi Jinping is likely to skip the G20 summit being held in India next week, news agency Reuters reported quoting sources in China and India on Thursday.

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Newslaundry

G20 summit: India steers focus to bloc’s economic mandate, resists geopolitics on Ukraine

About two weeks ahead of the G-20 summit in New Delhi, Russian president Vladimir Putin spoke to Prime Minister Narendra Modi to convey his inability to attend the meet. He will be represented by Russia foreign minister Sergey Lavrov. This wasn’t unexpected – Putin skipped the recent BRICS meet in…

Barchart

Why the Recent Sell-Off in Commodities is a Golden Buying Opportunity

High interest rates typically weigh on commodity prices as they increase the cost of carrying raw material inventories and increase production expenses. However, nothing is ordinary about the current historical period, which could mean commodity prices can rise even if rates remain stable or move slightly higher.

Evening Standard

Vladimir Putin agrees first foreign trip since arrest warrant issued - report

Vladimir Putin has agreed to make his first foreign trip since a warrant for his arrest over alleged war crimes was issued by the International Criminal Court.

The Independent UK

Vladimir Putin ‘too busy’ to face world leaders at G20

Russia will instead be represented by the country’s foreign minister, Sergei Lavrov

Al Jazeera

Indonesia’s absence from bigger BRICS echoes decades of non-aligned policy

Indonesian President Joko ‘Jokowi’ Widodo has said he does not want to ‘rush’ membership of the economic grouping.

Barchart

Sunday Scaries: What I'm Watching This Week In The Grain Markets

Geopolitics, logistics and macro mindset have my attention this week. What I'm watching and why it matters.

Al Jazeera

Indian PM Modi proposes full G20 membership for African Union

India’s offer to South Africa is part of its attempt to raise issues concerning the so-called Global South.

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