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The Latest Breaking News from BRICS

BRICS economies must shape global tax rules for next generation, says FM Sitharaman

Finance Minister Nirmala Sitharaman said BRICS countries need to ensure their views are reflected in the new global tax rules, as decisions taken in the next few years could shape cross-border taxation for a generation.

The Economic Times

New wave of Houthi missile strikes in southern Saudi Arabia, claims Iran's Press TV

A new wave of Houthi missile strikes was reported towards Saudi Arabia, with warnings issued and later lifted for residents in Khamis Mushait and Abha, according to Iranian state media and Al Jazeera. The strikes come as Yemen's western coast faces severe healthcare disruptions, while BRICS nations call for restraint…

The Economic Times

President Putin proposes BRICS grain market, insurance framework to counter global pressures

Russian President Vladimir Putin proposed new initiatives for BRICS economic growth. He called for a holistic approach to address global challenges effectively. Putin highlighted the growing global stature and independent course of the BRICS grouping. The bloc's expansion and partner countries underscore its increasing influence. BRICS represents a significant portion…

The Economic Times

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Xi Jinping gets red carpet at Brics summit amid thaw in India-China relations

Chinese president’s arrival in Delhi seen as step towards reconciliation after deadly 2020 military clash

The Guardian - UK

De-dollarisation: BRICS takes a measured route, focuses on payments and not on common currency

There is no mention of a common BRICS currency or a formal call for replacement of the US dollar. Instead, the document sticks to the more incremental, technocratic language the bloc has used since Rio and Kazan: interoperable payment systems, local-currency settlement, and voluntary cooperation among members who "respect national…

The Economic Times

BRICS Summit 2026: Putin slams West's 'ugly' economic warfare, claims BRICS bloc has left G7 behind

Russian President Vladimir Putin stated BRICS nations now lead global economic growth. Western competitors are attempting to regain their former leadership position. BRICS economies have accounted for over forty percent of world GDP recently. He added that Russia faces unprecedented sanctions but its economy shows growth. Putin highlighted the rise…

The Economic Times

Putin in India for Brics summit overshadowed by war

Russian President Vladimir Putin was in India on Friday for talks ahead of an 11-member Brics summit dominated by conflict and economic challenges, with the leaders of China and Iran set to attend.

Radio France Internationale

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BRICS Summit 2026: Putin’s India visit puts trade, defence and Ukraine peace efforts in focus

Russian President Vladimir Putin arrived in India for a three-day visit. He will meet Prime Minister Narendra Modi and attend the BRICS summit. Bilateral trade, investment, energy, and defense ties will dominate the agenda. The Russia-Ukraine war and peace efforts are also expected to be discussed. Putin's participation marks his…

The Economic Times

India needs stronger export push as energy imports drive trade deficits with BRICS nations: BRICS CCI Chairman

India must increase exports to BRICS nations to counter trade deficits from energy imports. Greater focus is needed on export promotion and technology sharing among member countries. Businesses should increasingly use local currencies and digital payments for trade transactions. Logistical challenges are being addressed through exploring new trade routes like…

The Economic Times

India to work with BRICS partners to expand opportunities for women-led enterprises in global trade: Piyush Goyal

Piyush Goyal urged BRICS nations to boost women entrepreneurs in global trade. India shared its success in financial inclusion and collateral-free loans for women. The minister highlighted efforts to increase female workforce participation significantly. BRICS countries agreed to explore a common platform for international trade. This initiative aims to integrate…

The Economic Times

Delhi airport operationalises Pier C at T3, raises international passenger capacity by 50% ahead of BRICS

Delhi airport operator DIAL is preparing for the BRICS Summit with a new terminal pier. Pier C at Terminal 3 will handle international flights starting September 9. Dedicated immigration counters are planned for summit participants arriving in New Delhi. This operationalisation will increase the airport's international passenger capacity significantly. Preparations…

The Economic Times

US Tariff Threats Could Push BRICS Toward the Rival Bloc Washington Fears, Report Warns

A Quincy Institute report argues that US tariff threats against BRICS nations may inadvertently strengthen their unity, as the coalition seeks alternatives to US financial dominance.

International Business Times UK

Iran to join BRICS development bank soon, central bank governor Abdolnaser Hemmati says

Iran plans to join the New Development Bank soon. This move comes as the nation faces international sanctions and seeks alternative financial channels. Iran joined BRICS in 2024 and desires shareholder status in the NDB. The bank was established by BRICS nations to finance development projects. BRICS members aim to…

The Economic Times

BRICS nations need stronger frameworks to mobilise private capital at scale: Nirmala Sitharaman

Nirmala Sitharaman urged BRICS nations to foster stability for attracting private capital. Multilateral development banks can de-risk investments and boost project bankability. India has strengthened its infrastructure through public spending and reforms. Public investment acts as a catalyst for private sector participation. Future development finance relies on partnerships between governments…

The Economic Times

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AAP

MAXHUB Drives Digital Transformation at 2026 BRICS New Industrial Revolution Expo with Smart Healthcare and Intelligent Manufacturing Solutions

XIAMEN, China, May 29, 2026 /PRNewswire/ -- The 2026 BRICS New Industrial Revolution Partnership Forum and Exhibition officially opened at the Xiamen International Conference & Exhibition Center, co-hosted by China's Ministry of Industry and Information Technology and the Fujian Provincial Government. This year's theme, "Building an Intelligent Manufacturing Ecosystem to…

Fortune

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.

The Independent UK

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

Top News

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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Radio France Internationale

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.

The Hindu

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…

Al Jazeera

‘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.

Zenger

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.

France 24

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…

Al Jazeera

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.

Barchart

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…

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