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The Latest Breaking News from Bric

What is the BRICS ‘UNIT’ – and could it really challenge the US dollar?

At a major summit in Russia last year, a banknote was unveiled that carried more symbolism than monetary value.

The Conversation

As the world order shifts, NZ should ‘spread its diplomatic wings’ and look at joining BRICS

With the old global order in a heightened state of flux, driven by US President Donald Trump’s attacks on free trade, international organisations and human rights, small states like New Zealand are having to adjust their foreign policies and hedge their bets.

The Conversation

Trump threatens a 100% tariff on ‘dead’ BRICS group if they ‘play games with the dollar’

Countries like Malaysia and Thailand have expressed interest in joining BRICS, seen as a counterweight to the West, in recent years.

Fortune

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Russia’s BRICS summit: What’s on the agenda and why it matters to Putin

The summit, which leaders from two dozen nations will attend, is the largest event Russia has hosted in years.

Al Jazeera

Turkey’s ‘balancing act’ with BRICS bid raises NATO concerns

Turkey’s application to join the BRICS bloc, led by Russia and China, is sparking concerns over President Recep Tayyip Erdogan's commitment to NATO. The move, by a member of the world’s most powerful military alliance, highlights the geostrategic shifts straining the post-war order at a time of heightened international tensions.

France 24

What is Brics? Trump threatens 10 per cent extra tariff over 'anti-American' policies

Donald Trump has set strict rules for any country “aligning themselves with the Anti-American policies of BRICS”

Evening Standard

The West’s mishandling of Ukraine has made BRICS a brighter alternative for multipolarity

As the South African city of Johannesburg hosts the 15th BRICS summit from August 22 to 24, headlines have been devoted to the possibilities of certain anticipated bilateral meets on the sidelines. One such possibility is of Chinese president Xi Jinping and Indian prime minister Narendra Modi having an in-person…

Newslaundry

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Size, population, GDP: The BRICS nations in numbers

Officials from Brazil, Russia, India, China and South Africa gather in Johannesburg on Tuesday for a three-day BRICS summit, a five-nation club comprising 40% of the world’s population and more than 25 percent of global GDP that positions itself as an economic counterweight to the West. Almost 15 years on…

France 24

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

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

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

BRICS Common Currency Unlikely At Upcoming Meeting, Dollar Bulls Relieved

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

Zenger

Putin to miss BRICS summit by mutual agreement, South Africa says

Putin’s absence at the summit has been announced by the South African presidency, ending months of speculation.

Al Jazeera

Celsius turns to Fahrenheit to oversee bankruptcy exit

Fahrenheit won the bid after venture capital firm NovaWulf initially was named the winner of the auction in mid-April.

Fortune

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The Hindu

The paradox of BRICS, its new pathway

Multilateral groupings may lose some of their relevance, but they still exist, as the BRICS example shows

Salon

Small towns grapple with climate

How a little-known federal grant requirement could hinder climate resilience work

Asharq Al-Awsat

Algeria Requests to Join BRICS

China’s Foreign Minister Wang Yi welcomed Algeria's request to join the BRICS economic group, as an effort to join major powers. This came during a meeting Saturday between Chinese State Councilor and Foreign Minister Wang Yi with his Algerian counterpart Ramtane Lamamra on the sidelines of the ongoing 77th session…

The Independent UK

Harris to announce $1B to states for floods, extreme heat

The White House is making more than $1 billion available to states to address flooding and extreme heat exacerbated by climate change

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Reuters

Argentina says has China's support to join BRICS group

Argentina's government said on Thursday it had received China's formal support for the country's bid to join the BRICS group comprising Brazil, Russia, India, China and South Africa, a bloc seen as a powerful emerging-market alternative to the West.

Asharq Al-Awsat

Iran Applies to Join China and Russia in BRICS Club

Iran, which holds the world's second largest gas reserves, has applied to join the BRICS group of Brazil, Russia, India, China and South Africa that Beijing and Moscow cast as a powerful emerging market alternative to the West. The term BRIC was coined by Goldman Sachs economist Jim O’Neill in…

Radio France Internationale

BRICS partners may offer Russia a way out of sanctions impasse

The 2022 summit between leaders of China, Russia, India, Brazil and South Africa (BRICS) starts tomorrow, Thursday. In a speech preceding the virtual gathering, the host, Chinese President Xi Jinping, warned against "expanding" military ties. Meanwhile, only one BRICS country is critical of Russia's invasion of Ukraine, while some of…

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