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The Latest Breaking News from BRICS

Why Donald Trump’s election could hasten the end of US dollar dominance

Donald Trump’s victory in November’s US presidential election saw the US dollar strengthen. It surged to a one-year high within two weeks, and has since retained its strength against its major peers. His election has also again brought the prospect of US tariffs on imports, and attention has focused on…

The Conversation

Trump Vows To Defend US Dollar Hegemony, But Is It Under Threat?

President-elect Donald Trump has threatened retaliation against governments that challenge the US dollar, vowing "100 percent tariffs" on countries that undercut the US currency.

International Business Times

Eurozone manufacturing recession deepens; Stellantis shares fall after CEO’s resignation – as it happened

Germany, France, and Italy led slump in European factory output last month – while UK is also weakening

The Guardian - UK

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Trump Warns BRICS Countries of 100% Tariffs if They Replace the U.S. Dollar in International Trade

The coalition comprises countries viewed as major non-Western global powers, some of which are key U.S. trade partners.

Latin Times

Trump threat of 100% tariffs against Brics nations raises trade war fears

US president-elect threatens retaliation if emerging economies create new currency to rival US dollar

The Guardian - UK

What Are The BRICS Nations: Why Is Donald Trump Threatening Them With A 100% Tariff?

Donald Trump threatens a 100% tariff on BRICS nations if they create a currency to challenge the US dollar's dominance.

International Business Times UK

Trump Threatens BRICS Countries With 100% Tariffs

President-elect Donald Trump's stance on BRICS countries creating new currency, BRICS expansion, and challenges to U.S. Dollar dominance discussed. Trump's...

Top News

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New Brics banking system would render sanctions useless, ex-chancellor warns

Lord Lamont of Lerwick warned that a rival payments system would be a ‘major threat to the Western-led financial system’ if it ever came to pass.

The Independent UK

Putin Seeks To Shore Up Ties On Visit To 'Friendly' Kazakhstan

Russian President Vladimir Putin will visit Kazakhstan on Wednesday for a two-day trip aimed at shoring up ties with his Central Asian ally as tensions mount over the Ukraine war.

International Business Times

Brics+ countries are determined to trade in their own currencies – but can it work?

Brics+ countries are exploring how they can foster greater use of local currencies in their trade, instead of relying on a handful of major currencies, primarily the US dollar and the euro.

The Conversation

India And Nigeria Renew Ties As Modi Visits

India's Prime Minister Narendra Modi and Nigeria's President Bola Tinubu met Sunday to renew what they call the "strategic partnership" between two major nations of Asia and Africa.

International Business Times

Indonesia president’s diplomatic dash takes in China and US − but a Trump presidency may see the aspiring regional powerhouse tilt more toward Beijing

It’s been a whirlwind week for Indonesian president Prabowo Subianto. On Nov. 9, he was breaking bread with Chinese leader Xi Jinping; three days later he was sitting down with President Joe Biden in the White House. In between, Subianto found time to reach out to Donald Trump to congratulate…

The Conversation

Brics+ could shape a new world order, but it lacks shared values and a unified identity

The last two summits of Brics countries have raised questions about the coalition’s identity and purpose. This began to come into focus at the summit hosted by South Africa in 2023, and more acutely at the recent 2024 summit in Kazan, Russia.

The Conversation

Ukrainian President Criticizes U.N. Secretary General's Meeting With Putin

Ukrainian President Zelenskyy criticizes U.N. Secretary General Guterres for meeting with Putin at BRICS summit, sparking outrage and concerns about U.N. c...

Top News

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The Guardian - UK

Joe Biden’s big blunder: how the war in Ukraine became a global disaster

Failure to contain the conflict has led to huge suffering and geopolitical shifts. Why didn’t the US commit to Nato?

Top News

Ukrainian President Criticizes U.N. Secretary General's Meeting With Putin

Ukrainian President Zelenskyy criticizes U.N. Secretary-General's meeting with Putin at BRICS summit, raising concerns over international law and U.N. prin...

The Conversation

Russia’s Brics summit shows determination for a new world order – but internal rifts will buy the west some time

The recent Brics summit in the Russian city of Kazan was less notable for what happened at the meeting than for what happened before, on the margins, or not at all. Among the notable things that did not happen was another expansion of the organisation.

The Conversation

World Update: Ukraine faces prospect of defeat – but the west must ensure a just peace

There’s a degree of irony that countries attending the 2024 Brics summit this week voted to adopt the Kazan declaration (named for the capital city of the autonomous republic of Tatarstan in Russia, where the summit is being held). The declaration’s first clause emphasises that “all states should act consistently…

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BRICS Summit In Kazan: Global Leaders Discuss Financial Cooperation

Leaders from BRICS countries gather in Kazan to deepen financial cooperation, propose alternatives to Western payment systems, and address regional conflic...

International Business Times

IMF Chief Seeks More Details On BRICS Payments System Plans

The IMF wants to know more about a cross-border payments system discussed by the BRICS group of countries this week and aimed at boosting non-dollar transactions, the Fund's managing director said Thursday.

International Business Times

UN Chief Calls For 'Just Peace' In Ukraine At Putin-hosted Summit

United Nations leader Antonio Guterres pleaded on Thursday for a "just peace" in Ukraine, calling in a speech in front of Russian President Vladimir Putin for an end to more than two years of fighting.

Top News

BRICS Summit In Kazan Highlights Growing Global Influence

BRICS summit led by Putin in Kazan focuses on financial cooperation, new members, and global security, with discussions on bypassing Western sanctions and ...

The Independent UK

Putin presides over BRICS summit seeking to expand Russia's clout

Russian President Vladimir Putin has presided over a closing session of a summit of the BRICS bloc of developing economies, hailing its role as a counterbalance to the West

International Business Times

Putin To Meet UN's Guterres For First Time In Over Two Years

Vladimir Putin will meet UN chief Antonio Guterres for the first time in over two years on Thursday, as the Russian president faces calls from his BRICS allies to end the conflict in Ukraine.

Top News

BRICS Summit Challenges Western Hegemony And U.S. Dollar Dominance

BRICS summit led by Putin discusses reducing U.S. dollar reliance and global cooperation to counter Western hegemony.

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