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The Latest Breaking News from BRICS

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

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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

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…

Newslaundry

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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

The Guardian - AU

‘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’.

Al Jazeera

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.

France 24

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

The Guardian - US

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.

Barchart

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:

Dynamite News

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…

France 24

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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,…

The Independent UK

Russia's Putin stays away over arrest warrant as leaders of emerging economies meet in South Africa

Russian President Vladimir Putin will be notably absent when Chinese President Xi Jinping and other leaders from the BRICS group of emerging economies begin a three-day summit in South Africa on Tuesday

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The Guardian - AU

Putin tells African nations Russia can take Ukraine’s place as supplier of grain – as it happened

Russian leader, wanted under international arrest warrant for alleged war crimes in Ukraine, gives speech by video link to summit in South Africa

France 24

Size, population, GDP: The BRICS nations in numbers

Officials from Brazil, Russia, India, China and South Africa gather in Johannesburg on Tuesday for a three-day BRICS summit, a five-nation club comprising 40% of the world’s population and more than 25 percent of global GDP that positions itself as an economic counterweight to the West. Almost 15 years on…

Al Jazeera

Can BRICS create a new world order?

Dozens of nations want to join the club as an alternative to the US-led order. But internal fissures could limit BRICS.

The Hindu

BRICS has become a platform for Global South: PM Modi

Prime Minister Narendra Modi said after the BRICS summit in South Africa, he will travel to Athens, Greece on August 25 at the invitation of his Greece counterpart Kyriakos Mitsotakis.

The Hindu

The BRICS test for India’s multipolarity rhetoric

The geopolitical developments of the past year or so and the challenges faced by the United Nations system may have given another lease of life to BRICS

The Independent UK

Putin was meant to be at a summit in South Africa this week. Why was he asked to stay away?

Vladimir Putin will be the odd one out when leaders from the BRICS economic bloc of Brazil, Russia, India, China and South Africa meet in Johannesburg this week

WEKU

Latest on Ukraine: Russia strikes Chernihiv, as Kyiv welcomes F-16 pledges

Catch up on key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

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