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The Latest Breaking News from BRICS

BRICS just invited 6 nations including Saudi Arabia and Iran to join—here's why it increases the prospect of dollar replacement

The idea of creating a BRICS common currency to rival the dollar has long been on the agenda of the emerging-market nations in the bloc.

Fortune

India’s G-20 opportunity for an African Renaissance

India's hosting of the G-20 Summit will present it with a historic opportunity to help Africa and leverage its deep links with the continent

The Hindu

PM Modi, President Xi call for speedy disengagement along LAC

PM Modi and President Xi Jinping met on the sidelines of the BRICS summit in Johannesburg on August 23, 2023; announcement of talks kept under wraps until next day, just prior to the PM’s departure for Greece

The Hindu

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With Brics expansion, China seeks a global counterweight to US

The five Brics countries have announced plans to add six new members to their club. Observers say the expansion is intended to make the group a stronger player in the "multi-polar world" favoured by China to counter US supremacy. Will it succeed?

Radio France Internationale

BRICS now a non-western grouping with the induction of six more member nations

BRICS expands to 11 members, strengthening its position as a global grouping. New members from Middle East, Africa, South America chosen, sending message of multipolarity. India took lead in drafting criteria, most new members strategic partners. Expansion sends message against US sanctions, energy players join. BRICS now a recognised global…

The Hindu

How the BRICS nations failed to rebuild the global financial order

At its launch almost a decade ago, the BRICS nations’ New Development Bank (NDB) was celebrated as a chance for countries across the Global South to break free of the US-dominated IMF and World Bank and rewrite the rules of financing global development. But while the number of nations signed…

France 24

Brics club invites six new members in bid to reshape global order

Brics leaders on Thursday announced the admission of six new countries from next year as the club of large and populous emerging economies seeks to reshape the global order.

Radio France Internationale

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Saudi Arabia, Iran among six nations invited to join BRICS

Talks of expansion have dominated the three-day annual summit of major emerging economies in Johannesburg.

Al Jazeera

BRICS agrees to welcome six new members, says PM Modi

BRICS expansion to include six new members: Saudi Arabia, UAE, Iran, Argentina, Egypt, Ethiopia. Expansion will take effect from January 1, 2024

The Hindu

Iran, Saudi Arabia and Egypt are among 6 nations set to join the BRICS economic bloc

Iran and Saudi Arabia are among six nations invited Thursday to join the BRICS bloc of developing economies

The Independent UK

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

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

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Evening Standard

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”

Al Jazeera

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.

The Hindu

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

France 24

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…

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Al Jazeera

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.

The Hindu

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…

Al Jazeera

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.

France 24

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.

Fortune

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

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.

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