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The Latest Breaking News from BRICS

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

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

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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

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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

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.

Fortune

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.

The Hindu

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.

Radio France Internationale

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

The Independent UK

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.

The Times of India

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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.

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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.

Dynamite News

PM Modi arrives in South Africa for 15th BRICS Summit

Prime Minister Narendra Modi arrived in the South African city of Johannesburg on Tuesday as he kickstarted the first leg of his two-nation visit. Read further on Dynamite News:

France 24

Boosting trade and reducing dollar dependence top economic agenda at BRICS summit

As BRICS leaders meet in Johannesburg on Tuesday, they will be sure to discuss ways to increase commercial exchanges within the bloc of emerging economies comprised of Brazil, Russia, India, China and South Africa. The group, which represents 16% of global trade, will also look to encourage the use of…

The Hindu

India to soon become $5 trillion economy, says PM Modi

PM Modi visits South Africa for 3-day BRICS Summit. He will discuss issues of concern for Global South, review institutional development, and interact with leaders from invited guest countries. He will then travel to Greece

The Week

Can Brics replace the G7 in new world order?

The leaders of Brazil, India, China and South Africa kick off a three-day summit in Johannesburg today billed as the most important meeting of the Brics nations in a decade.

France 24

BRICS summit of emerging economies gets under way without Putin

BRICS leaders meet in South Africa on Tuesday as the loose association of major emerging economies seeks to assert its voice as a counterweight to Western dominance in global affairs. The so-called BRICS nations -- Brazil, Russia, India, China and South Africa -- represent a quarter of the global economy,…

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