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The Latest Breaking News from BRICS

What Could Replace the US Dollar as World Reserve Currency?

For the past 90+ years, the US Dollar has been the reserve currency of the world. Yet in recent years, that dominance has been shrinking. Speculation has been surging that there is a new challenger on the horizon to ultimately unseat the Greenback. What will it be?

Barchart

Kremlin: Putin to decide whether to attend BRICS meeting in S.Africa closer to time

The Kremlin said on Monday that President Vladimir Putin would decide whether to attend a BRICS conference in South Africa in August closer to the time.

Reuters

Brazil's Lula throws Brics at the US dollar

The writing was on the wall. But when Brazil's left-wing president Luiz Inacio "Lula" da Silva visited China recently, he flamboyantly underscored economic and security ties between Latin America's largest democracy and the world's largest dictatorship. Significantly he took steps to decouple much of Brazil's vibrant commerce from using the…

Bangkok Post

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Xiplomacy: China and Brazil -- friends oceans away

BEIJING, April 16 (Xinhua) -- "I've gotten a job, bought a sofa and a refrigerator with the money I earned, plastered the exteriors of my house with cement, have access to the Internet at home, and learned how to make business contacts, purchase and market online. All my dreams have…

Bangkok Post

Did Vladimir Putin really defy his arrest order to travel to South Africa? In short, nope

Did Vladimir Putin recently go to South Africa, defying the arrest warrant issued by the International Criminal Court? That’s the claim made by at least two videos that have been shared thousands of times on TikTok and Facebook since late March. This footage, however, is old and doesn’t in any…

France 24

Brazil's Lula takes swipe at IMF and World Bank on China trip

Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions". The NDB was created by the BRICS group and is headed by his predecessor Dilma Rousseff. Meanwhile in Washington,…

France 24

Brazil’s Lula visits China, seeking ties and Ukraine support

Brazilian President Luiz Inácio Lula da Silva is heading to China to strengthen ties with his nation’s biggest trade partner and win support for his long shot push for peace in Ukraine

The Independent UK

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ICC arrest warrant for Vladimir Putin: a king-size dilemma for South Africa

The International Criminal Court (ICC) has issued an international arrest warrant for Russian president Vladimir Putin for alleged war crimes regarding the unlawful deportation of children from Ukraine to Russia. Such acts are war crimes under two articles of the Rome Statute, which established the court.

The Conversation

Seeking a reset, Brazil's Lula heads to China

Brasília (AFP) - Brazil's leftist leader Luiz Inacio Lula da Silva will meet Chinese President Xi Jinping in Beijing next week, where he hopes to reinforce trade, discuss international mediation in Ukraine, and reclaim his country's role in global geopolitics.

AFP

South Africa aware of legal obligations regarding Putin visit

South Africa is aware of its legal obligation, a spokesperson for President Cyril Ramaphosa said on Sunday, referring to a proposed visit by Vladimir Putin after an international court issued an arrest warrant against the Russian leader.

Reuters

Brazil's Lula wants former President Rousseff to run New Development Bank

Brazilian President Luiz Inacio Lula da Silva confirmed he will appoint former President Dilma Rousseff to head the New Development Bank (NDB) when there is a vacancy, Lula said on Thursday referring to the institution the BRICS group of emerging economies established.

Reuters

When two elephants fight: how the global south uses non-alignment to avoid great power rivalries

An African proverb notes that “when two elephants fight, it is the grass underneath that suffers”.

The Conversation

Analysis-Southern Africa calls the tune as great power suitors queue up

South Africa and its neighbours were at the centre of a tussle for influence this week when top Russian and U.S. officials visited, offering a rare moment of leverage for governments on a continent more used to being buffeted by events than wooed.

Reuters

Lula’s foreign policy? Encouraging a multipolar world

Brazil’s president has long sought a multipolar global order and now pledges to ‘have relations with everyone’

The Guardian - US

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Salon

10 surprisingly good things from 2022

Lula beat Bolsonaro, the Ethiopian civil war ended and U.S. voters pushed back fascism — just for starters

Asharq Al-Awsat

Algeria Suggests to Sell Spare Electricity Capacity to Europe

Algeria is offering to Europe its spare electricity capacity, and it is planning a 270 km undersea pipe towards Italy, Algerian President Abdelmadjid Tebboune told reporters in an interview on Thursday. Algeria is also pushing to double its gas exports to reach 100 billion cubic meters per year versus 56…

Asharq Al-Awsat

Egypt to Join the New Development Bank within Weeks

Egypt is moving forward with the procedures of officially joining the New Development Bank (NDB), which was established by the BRICS countries to enhance cooperation in infrastructure and sustainable development. The Egyptian parliament is scheduled to officially discuss the final procedures for Cairo to join the Bank in the coming…

Asharq Al-Awsat

Algeria, China Sign a Strategic Cooperation Plan

Algeria and China have signed the second five-year comprehensive strategic cooperation plan 2022-2026, Algeria’s ministry of foreign affairs and national community abroad said Tuesday in a statement. This comes one day after the Algerian government submitted an official request to join the political and economic BRICS group that includes Russia…

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The News Lens

How Might Brazil’s Elections Affect Taiwan?

A Lula victory could signal a return in prominence, and perhaps an expansion, of the BRICS group.

Reuters

Lula aide backs Argentina for BRICS, eyes role in Ukraine peace talks

Brazilian presidential candidate Luiz Inacio Lula da Silva's top foreign policy adviser supports the inclusion of Argentina in the BRICS group of developing nations, which could be a forum for negotiating peace in Ukraine, he told Reuters.

The Hindu

Is India in a bind over its relations with Russia?

On October 1, when India abstained from voting at the United Nations Security Council on a draft res

The Hindu

Controversy breaks out over presence of Indian “observer” in Donbas referendum

The message from the Russian authorities has named Purnima Anand who worked as “an observer from India” during the referendum

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 Hindu

For India, the buzzword now is ‘all-alignment’

Its participation in the SCO summit is a clear signal of pursuing multi-alignment with its partners worldwide

The Hindu

Russia, India motivated to ensure uninterrupted defence cooperation: Envoy

Russia has been a major supplier of military hardware to India

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