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The Latest Breaking News from BRICS

Why Investors Should Consider Buying Gold Now

Gold was the best-performing precious metal in Q2 and over the first six months of 2023. The rare metal fell 2.01% in Q2 but was still 5.65% higher than the 2022 closing price on June 30. Gold remains in a long-term bull market, and the prospects are for higher highs…

Barchart

Ethiopia wants to join the BRICS group of nations: an expert unpacks the pros and cons

A few years ago, the BRICS grouping – Brazil, Russia, China, India and South Africa – had lost salience because three of its members were in severe economic difficulty. Brazil, Russia and South Africa are primarily natural resource exporters and were badly affected by the global commodity price bust of…

The Conversation

A BRICS currency is unlikely to dislodge dollar any time soon – but it signifies growing challenge to established economic order

Could a new currency be set to challenge the dominance of the dollar? Perhaps, but that may not be the point.

The Conversation

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UK donor conference on Ukraine reconstruction closes with €60 billion in pledges

An international conference on the funding of Ukraine’s reconstruction drew to a close in London, with foreign donors pledging €60 billion in new financial support, UK Foreign Minister James Cleverley said at its closing session. Earlier on Thursday, Ukrainian forces carried out a missile strike on the Chonhar bridge connecting…

France 24

The Dollar Index – Stuck In Neutral

The dollar index has been trading in a tight range in 2023. After correcting from a two-decade high in March 2022, the index that measures the U.S. currency against other world reserve foreign exchange instruments has settled into a narrow trading band.

Barchart

India no longer lumbering around at relatively slow pace: EAM Jaishankar

India is no longer “lumbering around at a relatively slow pace”, External Affairs Minister S. Jaishankar said as he concluded his three-day visit to South Africa for a conclave of the five-nation BRICS grouping.

The Hindu

BRICS expansion still work in progress: EAM Jaishankar

Expansion of the BRICS bloc is still a work in progress and members of the five-nation grouping are approaching the idea with a positive intent and an open mind, External Affairs Minister S. Jaishankar has said.

The Hindu

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Brics nations open to expanding bloc as Putin arrest warrant looms

As Brics foreign ministers meet in South Africa, diplomats from the bloc of major emerging economies say the group is open to enlargement. However their two-day conference has been overshadowed by questions over whether Russian President Vladimir Putin would be arrested if he attended a summit in August.

Radio France Internationale

Brics summit mulls expansion and new currency in bid to rival dollar and escape sanctions

Bloc of developing countries calls for new ‘multipolar’ world order and a shift from Western balance of power

The Independent UK

BRICS meet with 'friends' seeking closer ties amid push to expand bloc

Senior officials from more than a dozen countries, including Saudi Arabia and Iran, were in talks on forging closer links with the BRICS bloc of major emerging economies on Friday as it met to deepen ties and position itself as a counterweight to the West.

Reuters

South Africa's role as host of the BRICS summit is fraught with dangers. A guide to who is in the group, and why it exists

South Africa will host the BRICS summit in August 2023. The event could offer the country an opportunity to exercise leadership in the BRICS’ efforts to reform the arrangements for global economic governance and in supporting sustainable and inclusive development in Africa and the Global South. However, the opportunity has…

The Conversation

Foreign Minister Jaishankar calls on BRICS nations to demonstrate sincerity in reforming UNSC

The five-nation grouping BRICS (Brazil-Russia-India-China-South Africa) brings together five of the largest developing countries of the world.

The Hindu

Russia, China foreign ministers set for BRICS meet in South Africa with war in Ukraine on agenda

The Russian and Chinese foreign ministers are set to meet with their counterparts from the BRICS economic bloc of developing nations in South Africa on Thursday

The Independent UK

South Africa says it is still weighing legal issues over Putin's role in BRICS summit

South Africa's government is still considering legal issues over Russian President Vladimir Putin's involvement in the summit of the BRICS group of nations in August, South Africa's foreign minister Naledi Pandor said on Thursday.

Reuters

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The Hindu

Jaishankar meets Russian counterpart Lavrov in South Africa on sidelines of BRICS FM meeting

External Affairs Minister S Jaishankar on June 1 met his Russian counterpart Sergey Lavrov and discussed issues of bilateral and global interests.

Reuters

BRICS ministers put on show of strength as Putin arrest warrant looms large

BRICS foreign ministers on Thursday asserted their bloc's ambition to rival Western powers but their talks in South Africa were overshadowed by questions over whether Russia's president would be arrested if he attended a summit in August.

Reuters

S.Africa mulls options on ICC arrest warrant for potential visitor Putin

By Carien du Plessis

Al Jazeera

Russia-Ukraine war: List of key events, day 462

As the war enters its 462nd day, here’s a look at the main developments.

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The Independent UK

Possible Putin trip in spotlight as Russia, China foreign ministers set for meeting in South Africa

The Russian and Chinese foreign ministers are expected to meet with their counterparts from the BRICS economic bloc in Cape Town on Thursday

Barchart

The Brazilian Real- Steady at the Twenty Cents Level Against the U.S. Dollar

The exchange rate between the Brazilian real and the U.S. dollar has been steady around the $0.20 level. Brazil is a leading commodity-producing and exporting country and South America’s leading economy and most populous nation.

The Guardian - UK

South Africa grants Putin and Brics leaders diplomatic immunity for summit

ICC warrant for Russian president’s arrest issued in March over alleged war crimes in Ukraine

Reuters

Kremlin says Russia will take part in BRICS summit at 'proper level'

The Kremlin said on Tuesday that Russia would take part at the "proper level" in a planned summit in South Africa of the BRICS nations, responding to a question on whether President Vladimir Putin would attend the gathering.

The Conversation

South Africa’s pact with Russia – and its actions – cast doubt on its claims of non-alignment

Since Russia’s invasion of Ukraine in February 2022 South Africa has proclaimed a policy of non-alignment in that conflict. This position was placed in doubt when US Ambassador Ruben Brigety claimed recently that he had evidence that South African arms and ammunition were loaded on a Russian ship in December…

The Independent UK

South Africa under more scrutiny over Russian ship as ruling ANC says it would 'welcome' Putin

The South African government has come under growing pressure after it declined to release cargo documents relating to the visit by a Russian ship that the United States alleges collected a consignment of weapons for Moscow

The Hindu

The paradox of BRICS, its new pathway

Multilateral groupings may lose some of their relevance, but they still exist, as the BRICS example shows

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