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The Latest Breaking News from BRICS

Brics countries agree historic expansion as six new countries invited to join

Brics leaders pledge to champion cause of ‘Global South’ with expansion of bloc

The Independent UK

Watch live: Putin joins Brics leaders on final day of summit after Wagner leader ‘killed in crash’

Watch live as Brics leaders close the summit on Thursday, 24 August, with a news conference in Johannesburg.

The Independent UK

BRICS invites six new members to join bloc in bid to champion 'Global South'

Leaders of the BRICS group of developing nations have invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join, in a move aimed at growing the clout of a bloc that has pledged to champion the "Global South".

France 24

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BRICS set to invite Saudi Arabia, Egypt to join group

JOHANNESBURG: Major emerging market nations are preparing to invite top oil exporter Saudi Arabia and several other countries to join their bloc in a push to expand its global influence.

The Times of India

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

Can BRICS dethrone the US dollar? It’ll be an uphill climb, experts say

The world’s reserve currency is facing a challenge from Global South countries who want options beyond the greenback.

Al Jazeera

Morning Digest | With moon now in India’s orbit, focus shifts to Pragyan rover; Wagner chief Yevgeny Prigozhin killed in plane crash: Russian agencies, and more

Read a daily selection of top stories from across India and the world by The Hindu to start your day

The Hindu

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Wagner warlord Yevgeny Prigozhin ‘killed’ in plane crash

In tonight's edition: Yevgeny Prigozhin, the head of the Russian mercenary Wagner group, has been reported killed in a plane crash. The group has a large presence in Africa where it has courted nations that have turned away from their traditional colonial allies. Also on the show: A chaotic day…

France 24

How did the world react to India’s ‘historic’ moon landing?

India becomes only the fourth country to land a probe on the moon after the US, Russia and China.

Al Jazeera

PM Modi, Xi likely to attend East Asia Summit, ASEAN meetings in Jakarta

Prime Minister Narendra Modi is now considering plans to fly to Jakarta for a very short visit on September 6, and return to India on September 7 just prior to the G20 summit, which begins on September 9.

The Hindu

India welcomes consensus-based approach to expand BRICS: PM

One of the main issues that is forming the backdrop of the expansion-related dialogue at BRICS is Russia’s quest to create an alternative to the G-7-driven global political-economic model. This has acquired urgency since the western nations unleashed economic sanctions against Moscow after Mr. Putin launched the war against Ukraine…

The Hindu

India ‘fully supports’ BRICS expansion as summit continues

South African officials say more than 40 countries from the Global South have shown interest in joining the BRICS bloc.

Al Jazeera

Expansion and a common currency on agenda at BRICS summit

Leaders of some of the developing world's most important economies turned Wednesday to the main business of their summit in South Africa, a day after a speech by Russian President Vladimir Putin gave the gathering an anti-Western tinge that officials had been hoping to avoid.

France 24

Putin claims his war on the dollar is 'gaining momentum' in 17-minute video tirade

The Russian leader said the West's actions of financial sanctions and freezing assets were tantamount to "trampling upon all the basic norms and rules of free trade."

Fortune

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Fortune

Is de-dollarization coming? Depends whether you sit in Jackson Hole or Johannesburg

As BRICS leaders debate alternatives to the U.S. dollar, Circle CEO Jeremy Allaire has another solution: "digital dollars," or stablecoins.

The Hindu

PM Modi, South African President Ramaphosa discuss regional & multilateral issues of mutual interest

PM Modi met South African President Ramaphosa in Johannesburg to review bilateral ties, exchange views on regional & multilateral issues & strengthen the Global South.

Radio France Internationale

No explanation after China's Xi Jinping misses key speech at Brics summit

Chinese President Xi Jinping unexpectedly skipped a speech he'd been due to give at the Brics summit in South Africa – instead sending his commerce minister to speak about the strength of the Chinese economy and to denounce wealthy nations who seek to contain the growth of developing ones.

The Independent UK

China, Russia and other emerging economies turn to main summit agenda in South Africa

Leaders of some of the developing world’s most important economies are turning to the main business of their summit in South Africa after a speech by Russian President Vladimir Putin gave the gathering an anti-Western tinge

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The Times of India

Xi Jinping skips speech defending China economy at BRICS business forum

JOHANNESBURG: President Xi Jinping failed to attend a business forum in South Africa where he was expected to deliver a speech defending China’s economy and its support for emerging markets, as fears mount that the Asian nation’s struggles could cause global turbulence.

Newslaundry

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…

The Guardian - AU

Rumours swirl after Xi Jinping fails to give key Brics speech

Xi was due to address high profile forum in South Africa, but instead his speech was read out by his commerce minister

Al Jazeera

‘Hegemonism not in China’s DNA’: Xi calls for BRICS expansion

Xi says China seeks a more just and equitable international order, rejects ‘bloc confrontation’.

France 24

China urges expansion at BRICS summit in South Africa

In tonight's edition: Leaders of the BRICS group of emerging economies meet in Johannesburg as divisions between the founding members about the bloc's future appear to emerge. Thirty-eight Senegalese nationals are repatriated after a migrant boat drifts off Cape Verde. And Zimbabwe gears up for presidential elections amid economic hardship.

The Guardian - US

Putin says Brics should become trading bloc representing ‘global majority’

Russian president addresses group at South Africa summit, blaming western sanctions for causing volatility in global markets

Barchart

Is Now a Good Time to Scoop Up Palladium?

In March 2022, nearby palladium futures rose to a new record $3,380.50 per ounce high. Over the past seventeen months, the price corrected 64.5%, reaching a $1,201.50 low in August 2023. Palladium was just above the recent bottom at around $1270 per ounce on August 21.

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