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The Latest Breaking News from BRICS

China’s leader will not attend the meeting in Delhi, prompting speculation over tensions with India, pressing domestic issues and a tactical retreat

The Guardian - AU

India seeking greater voice for developing world at G20, but Ukraine war may overshadow talks

It’s never been easy for the leaders of the world’s largest economies to find common ground, but the global ramifications of Russia’s war on Ukraine mean even greater challenges for meaningful agreement at the Group of 20 meeting this year

The Independent UK

War sanctions against Russia highlight growing divisions among the Group of 20 countries

Treasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries

The Independent UK

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4 ways to rein in China and Russia, alleged superpower perpetrators of atrocity crimes

At the latest meeting in South Africa of BRICS — a grouping of the world economies of Brazil, Russia, India, China and South Africa — Russian President Vladimir Putin was a no-show.

The Conversation

The implications of the expansion of BRICS

With its proposed expansion, BRICS could mark a turning point in modern history

The Hindu

China signals Xi Jinping will not attend G20 summit in India

Analysts say absence could be snub to Delhi or part of apparent push by Beijing to elevate blocs not regarded as US-dominated

The Guardian - UK

Some countries are trying to hijack G-20 agenda, says Russia

Russian Ambassador comes out strongly against what he calls western attempts to foreground the Ukraine crisis at the multilateral platform, says political issues should not be raised in keeping with the tradition of G-20

The Hindu

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Is a BRICS Currency Explosive for Gold?

Gold is the world’s oldest currency. Central banks, governments, monetary authorities, and supranational institutions own gold as a foreign currency reserve asset. Over the past years, they have increased holdings, even though gold prices have been rising since the turn of this century. The potential for a new currency that…

Barchart

China's new national map has set off a wave of protests. Why?

China has upset many countries in the Asia-Pacific region with the release of a new official map that lays claim to most of the South China Sea, as well as contested parts of India and Russia, and official objections continue to mount

The Independent UK

Biden hopes Xi Jinping will attend G20 amid reports Chinese president will skip Delhi summit

Analysts suggest Chinese leader may be reluctant to give neighbouring rival India the spotlight

The Guardian - AU

Jokowi is right not to join 'BRICS' for now – but the alliance is still important for Indonesia

Indonesian President Joko “Jokowi” Widodo travelled to Johannesburg, South Africa, on August 24 to attend the 15th BRICS summit, an informal grouping of five major emerging nations: Brazil, Russia, India, China and South Africa.

The Conversation

Western countries continue to siphon off resources from developing countries: Russian diplomat

N. Ram, Director, The Hindu Publishing Group, said the expansion of BRICS has come at the right time.

The Hindu

G20 summit: India steers focus to bloc’s economic mandate, resists geopolitics on Ukraine

About two weeks ahead of the G-20 summit in New Delhi, Russian president Vladimir Putin spoke to Prime Minister Narendra Modi to convey his inability to attend the meet. He will be represented by Russia foreign minister Sergey Lavrov. This wasn’t unexpected – Putin skipped the recent BRICS meet in…

Newslaundry

Why the Recent Sell-Off in Commodities is a Golden Buying Opportunity

High interest rates typically weigh on commodity prices as they increase the cost of carrying raw material inventories and increase production expenses. However, nothing is ordinary about the current historical period, which could mean commodity prices can rise even if rates remain stable or move slightly higher.

Barchart

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Evening Standard

Vladimir Putin agrees first foreign trip since arrest warrant issued - report

Vladimir Putin has agreed to make his first foreign trip since a warrant for his arrest over alleged war crimes was issued by the International Criminal Court.

The Independent UK

Vladimir Putin ‘too busy’ to face world leaders at G20

Russia will instead be represented by the country’s foreign minister, Sergei Lavrov

Al Jazeera

Indonesia’s absence from bigger BRICS echoes decades of non-aligned policy

Indonesian President Joko ‘Jokowi’ Widodo has said he does not want to ‘rush’ membership of the economic grouping.

Barchart

Sunday Scaries: What I'm Watching This Week In The Grain Markets

Geopolitics, logistics and macro mindset have my attention this week. What I'm watching and why it matters.

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Al Jazeera

Indian PM Modi proposes full G20 membership for African Union

India’s offer to South Africa is part of its attempt to raise issues concerning the so-called Global South.

The Guardian - UK

In a multipolar world the dollar’s dominance won’t last forever

While we shouldn’t read too much into the Brics expansion, the geopolitical landscape is shifting

Barchart

Will Interest Rates Remain High?

The 2020 global pandemic caused interest rates to fall to historical lows as the U.S. and other worldwide central banks provided an unprecedented liquidity tidal wave. The tsunami of government stimulus only increased the money supply and planted inflationary seeds that bloomed and caused the hawkish response since March 2022.…

The Independent UK

Bizarre moment Vladimir Putin addresses conference in ‘altered’ voice

Video of Putin’s opening address was shown at the BRICS Business Forum, where his voice was lowered as if trying to disguise it

The Hindu

Morning Digest | Pragyan rover rolled out, traverses 8 metres; Amit Shah asks Meitei group to initiate dialogue with Kuki leaders, and more

Read a daily selection of top stories from across India and the world by The Hindu to start your day

The Hindu

Concrete alliance: On the BRICS grouping and its expansion

It is the promise of shared prosperity and a more democratic model of global governance that attracts the global south to BRICS

The Hindu

Nod for game-changer jet engine technology transfer expected soon: U.S. Ambassador Eric Garcetti

U.S. Ambassador Eric Garcetti expects Congressional approval for the GE-HAL jet engine deal between India and the U.S. to come through soon. He believes trade ties could be strengthened if India reduces tariffs and has more predictable regulations. Ahead of President Biden's visit to Delhi for the G-20 summit, Mr.…

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