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The Latest Breaking News from BRICS

BRICS leaders are set to meet in Brazil as they try to build a united front against trade protectionism

Trade and tariffs will be high on the agenda at the upcoming BRICS summit in Brazil, but geopolitical divisions and conflict could be distractions.

Fortune

China's Xi Jinping to visit Russia next month for the BRICS summit

Chinese leader Xi Jinping will visit Russia next month for a summit of the BRICS bloc of developing economies, China’s Foreign Minister Wang Yi confirmed Thursday, a move that comes as Moscow and Beijing seek to counter the West’s global influence

The Independent UK

Turkey Expresses Interest In Joining BRICS Bloc

Turkey's interest in joining BRICS to enhance global influence and pursue independent foreign policy.

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Erdogan and Putin meet at Shanghai summit, reaffirm strong bilateral ties

Turkey's bid to join the BRICS trading group is the latest move in the Turkish President's delicate balancing act between Western and Eastern allies.

Radio France Internationale

Due to stagnant income levels, 74% in India can’t afford a healthy diet: UN agency report | Data

India's cost of a healthy diet is lowest among BRICS and neighbours, but 74% of population unable to afford it. The cost has risen 9% in Asia since 2019, while the number of people unable to afford it has increased by 92% worldwide. South Asia has the highest number and…

The Hindu

‘A wall of BRICS’: The significance of adding six new members to the bloc

Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE invited to join the grouping of top emerging economies.

Al Jazeera

BRICS Bank Eyes Cutting Dollar Reliance With Local Currency Loans

A deliberate attempt by the Shanghai-based New Development Bank to reduce dependency on the US is to offer loans.

Zenger

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Saudi border guards killed hundreds of Ethiopian migrants according to HRW

In tonight's edition: Saudia Arabia is accused of systematic and widespread killings of Ethiopian migrants. Security forces allegedly killed at least 430 last year as they tried to cross over from Yemen. In Sudan the escalating fighting between the army and RSF militia has also reportedly lead to ethnically motivated…

France 24

Why is Indian PM Narendra Modi’s Egypt visit significant?

The trip is anticipated to pave the way for a substantial increase in India’s investment in the North African country.

Al Jazeera

Will the Dollar Index Fall Below 100 and Does it Matter?

The dollar index measures the U.S. currency against the other leading world reserve foreign exchange instruments. After rising to a two-decade high in September 2022, the index ran out of upside steam and is threatening a challenge of the 100 level, which is not a technical support but a psychological…

Barchart

Tunisia Plans to Join BRICS Nations

Tunisia said on Saturday that it intends to join the BRICS countries bloc of emerging economies that includes Brazil, Russia, India, China, and South Africa. Mahmoud bin Mabrouk, spokesman for the pro-presidential July 25 Movement in Tunisia and pro-Tunisian President Kais Saeid, said his country plans to join the BRICS…

Asharq Al-Awsat

Data | Making sense of Rupee’s record slump to 79 per dollar

While the rupee has fared better than other emerging market currencies, it is the worst performer among the BRICS countries

The Hindu

China's Xi to Host Virtual Summit for BRICS Emerging Economies

Chinese President Xi Jinping will host a virtual summit with top leaders from Russia, India, Brazil and South Africa next week, marking the first such meeting since the Ukraine crisis unfolded. The influential club of BRICS emerging economies formed in 2009 is home to more than 40 percent of the…

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