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The Latest Breaking News from BRICS

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

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.

Evening Standard

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

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

The Independent UK

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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.

Al Jazeera

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.

Barchart

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.

Al Jazeera

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

The Guardian - UK

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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.…

Barchart

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 Independent UK

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.…

The Hindu

Analysis: What do BRICS invitations mean for the Middle East?

Saudi Arabia, UAE look to balance relations between east and west, while Iran, Egypt look to benefit financially.

Al Jazeera

How Russia is fighting for allies among the Brics countries using 'memory diplomacy'

Since the start of the Ukraine war, there have been numerous diplomatic visits by Russian officials to Africa and Latin America aiming at boosting Russia’s global influence.

The Conversation

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France 24

Ethiopia and Egypt among countries invited to join BRICS bloc

In tonight's edition: Ethiopia and Egypt are among the six developing nations that have been invited to join the BRICS bloc. And Algeria sends an envoy to Niger for diplomatic talks with the military junta as the regional ECOWAS bloc grows increasingly frustrated with negotiations. Finally, despite an economic crisis…

Caixin Global

Shanghai Composite Index Fell 0.59% on Friday

Shenzhen Component Index closed down 1.23%

The Hindu

India and Iran drop foreign arbitration clause in Chabahar port issue

In a move aimed at boosting India-Iran commercial relation, Tehran and New Delhi have agreed to drop the clause for arbitration in foreign courts concerning the Chabahar port which had been a hurdle in framing long-term agreement regarding the facility, the Iran Daily has reported. The development is a major…

Dynamite News

PM Modi arrives in Greece on first prime ministerial visit in 40 years

PM Modi is the first Indian Prime Minister in the last 40 years to visit Greece. The last Prime Ministerial visit from India to Greece was in 1983. Read further on Dynamite News

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The Hindu

Morning Digest | PM Modi, President Xi call for speedy disengagement along LAC; Trump arrested in Georgia racketeering case, and more

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

Caixin Global

Xi Pledges $10 Billion to Bolster Global Development

Chinese president in South Africa for BRICS summit also vows to expand cooperation with African countries

The Independent UK

While world media speculates on Wagner chief's presumed death, Russian state media shies away

News that Russia’s Wagner mercenary chief was believed dead in a plane crash has dominated world reports, along with speculation that it might be linked to his June mutiny

Fortune

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.

The Hindu

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

Radio France Internationale

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?

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