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The Latest Breaking News from BRICS

Brics is sliding towards irrelevance – the Rio summit made that clear

The Brics group of nations has just concluded its 17th annual summit in the Brazilian city of Rio de Janeiro. But, despite member states adopting a long list of commitments covering global governance, finance, health, AI and climate change, the summit was a lacklustre affair.

The Conversation

Trump’s new tariffs: Who is hit, what’s next, how is the world responding?

Trump sent tariff letters to 14 countries including South Korea, Japan, Malaysia and Bangladesh.

Al Jazeera

Donald Trump threatens ‘un-American’ BRICS countries with 10 percent tariff

Brazilian President Lula responded to Trump’s tariff threats by saying the world does not ‘want an emperor’.

Al Jazeera

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Trump, Brazil's Lula Clash Over Politically Charged Coup Trial

US-Brazil relations slid into crisis Monday after President Donald Trump criticized the high-profile coup trial of his right-wing ally, ex-president Jair Bolsonaro.

International Business Times

Trump Threatens Extra 10% Tariff on Countries Siding With BRICS, Calls Alliance 'Anti-American'

Donald Trump issued a warning, saying that countries backing the BRICS alliance would face an additional 10% tariff.

International Business Times UK

BRICS condemns attacks on Iran, Gaza war, Trump tariffs: Key takeaways

Bloc takes firm positions at summit on key global conflicts while avoiding criticism of Russia for the Ukraine war.

Al Jazeera

BRICS' Criticism Brings Trump 10% Tariff Threat

US President Donald Trump threatened China, India, and some of the world's fastest-emerging economies with higher import tariffs, hitting back at BRICS' criticism of his trade policies as the bloc meets Monday.

International Business Times

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Nations are increasingly ‘playing the field’ when it comes to US and China – a new book explains explains why ‘active nonalignment’ is on the march

In 2020, as Latin American countries were contending with the triple challenges of the COVID-19 pandemic, a global economic shock and U.S. policy under the first Trump administration, Jorge Heine, research professor at Boston University and a former Chilean ambassador, in association with two colleagues, Carlos Fortin and Carlos Ominami,…

The Conversation

Brics summit in Brazil tries to reinvent collective approach to world’s problems

President Lula rebukes wealthy countries for retreating on climate and trade but bloc is divided and unbalanced

The Guardian - UK

Trump warns countries with ‘anti-American policies’ will see tariffs rise

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The Independent UK

Trump threatens extra 10% tariff on countries with ‘anti-American policies’

Trump warns there will be no exceptions to policy on countries agreeing with Brics

The Independent UK

Stocks Set to Open Lower as Trade Worries Return

September S&P 500 E-Mini futures (ESU25) are down -0.34%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.53% this morning, starting the week on a downbeat note as uncertainty surrounding U.S. tariffs remains elevated ahead of the July 9th deadline to complete trade negotiations.

Barchart

Middle East crisis: Trump calls for Gaza hostages release ahead of Netanyahu meeting at the White House – as it happened

US president will host Israeli prime minister following joint strikes against Iran

The Guardian - AU

EU’s von der Leyen has ‘good exchange’ on trade with Trump, as US threatens Brics group with extra 10% tariff – as it happened

Rolling coverage of the latest economic and financial news, as Trump declares ‘tariff letters and/or deals’ will be delivered from 12:00 PM (Eastern) today (5pm BST)

The Guardian - UK

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Al Jazeera

Russia-Ukraine war: List of key events, day 1,229

Here are the key events on day 1,229 of Russia’s war on Ukraine.

Euronews

BRICS group slams tariffs and Iran conflict at summit in Brazil

BRICS leaders are set to discuss key global political issues, but questions over the bloc’s unity have arisen as Chinese President Xi Jinping and Russian President Vladimir Putin have opted to skip the summit.

Euronews

BRICS summit opens in Brazil with key leaders notably absent

BRICS leaders set to discuss key global political issues in Rio de Janeiro, but questions over the bloc’s cohesion arise as Chinese President Xi Jinping and Russian President Vladimir Putin opt to skip the summit.

Al Jazeera

Brazil’s leader Lula condemns Gaza ‘genocide’ at BRICS

BRICS nations have been in disagreement over how strongly to denounce Israel’s bombing of Iran and its war on Gaza.

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Radio France Internationale

BRICS leaders meet in Rio to defend multilateralism 'under attack'

BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy.

Al Jazeera

Brazil hosts BRICS summit; Russia’s Putin, China’s Xi skip Rio trip

Leaders expected to decry US President Trump’s trade tariffs while presenting the bloc as a defender of multilateralism.

International Business Times

BRICS Nations Voice 'Serious Concerns' Over Trump Tariffs

BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy.

The Guardian - UK

Leaders of Russia and China snub Brics summit in sign group’s value may be waning

Rapid expansion of Brics has diluted its coherence as a body offering an ideological alternative to western capitalism

The Independent UK

Russia becomes first country to recognise Afghanistan’s Taliban regime. Will China follow?

Experts monitoring the Taliban’s new diplomacy push in Asia say China could follow suit, paving the way for wider recognition of the militant group and ending its pariah status on the world stage. Arpan Rai reports

International Business Times

Rio To Host BRICS Summit Wary Of Trump

A summit of BRICS nations will convene in Rio de Janeiro on Sunday and Monday, with members hoping to weigh in on global crises while tiptoeing around US President Donald Trump's policies.

Barchart

Raw Commodities Bulls Have Been Beat Up. These 2 Major Catalysts Could Seriously Turn Things Around.

A slumping U.S. dollar and falling Treasury yields are both bullish for raw commodities.

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Luiz Inacio Lula da Silva

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Luiz Inácio Lula da Silva

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