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The Latest Breaking News from BRICS

The Dollar’s Dominance Is Shakier Than Ever

BRICS has growing currency leverage despite internal divisions.

Foreign Policy

NCLAT chairperson calls for developing robust mechanism to regulate digital markets

Effective cooperation among the BRICS nations in striking the right balance between promoting sustainability and competition is pertinent to deal with complex challenges, National Company Law Appellate Tribunal (NCLAT) chairperson Ashok Bhushan said.

The Hindu

Xi Jinping’s wants a ‘multipolar world’, as China accelerates its shift away from the west

In the face of increasingly strained relations with the west, Beijing is attempting to build its influence in the global south

The Guardian - AU

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Building BRICS for the future

BRICS, a grouping of six new members inducted in August, is an economic compulsion. It has grown to 36% of global GDP and 47% of world population by 2050. It has the potential to challenge G7 dominance and contains two of the world's fastest-growing economies, China and India. The U.S.'s…

The Hindu

Five things that the west doesn't understand about China's foreign policy

China’s capacity to surprise western politicians was demonstrated recently, when Chinese leader Xi Jinping was unexpectedly absent from the G20 summit. There were a few reasons why this G20 might have been less important for Xi, including the rising influence of the Brics (Brazil, Russia, India, China and South Africa)…

The Conversation

Women Reservation Bill: In 20 States & UTs less than 10% MLAs are female | Data

The BJP government introduced the Women’s Reservation Bill in the new Parliament House, and it was passed by the Lok Sabha on September 20, 2023. The bill proposes to reserve one-third of the seats in the Lok Sabha and State Assemblies for women. However, it can only be implemented after…

The Hindu

Who wants to rule the world? I will, says Joe Biden. No, it’ll be me, says Xi Jinping

The US and China are building rival global coalitions as the UN stumbles. Tackling collective challenges will be harder in a fragmented world

The Guardian - UK

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G20 summit proved naysayers wrong – and showed Global South's potential to address world's biggest problems

Skepticism was running high ahead of the 2023 summit of the Group of 20, or G20, held in New Delhi in early September. Russian President Vladimir Putin and Chinese President Xi Jinping announced that they would not attend. At one moment, it was touch and go whether U.S. President Joe…

The Conversation

Biden’s UN speech barely mentioned Russia and China. That’s no coincidence

Biden was pitching global cooperation to developing nations long suspicious of the US-dominated world order

The Guardian - US

War in Ukraine is revealing a new global order – and the ‘power south’ is the winner

Long-held resentments of the west are surfacing as world relations rebalance in favour of economic powerhouses like India and China, says Guardian columnist Nathalie Tocci

The Guardian - UK

The ‘mantras’ that powered success at the G-20 summit

It is India’s policy ‘mantras’ of multilateralism, multipolarity and the “middle way” that won the day at the G-20 summit

The Hindu

‘He’s had a bad summer’: Xi faces calls to loosen grip as China’s crises mount

Floods, economic headwinds and disappearing ministers aside, experts say the Chinese leader’s iron grip on power may be his biggest problem

The Guardian - UK

The Observer view on the Biden-Zelenskiy talks: now is no time to reduce support for Ukraine

Backing0 for Kyiv is beginning to wane in the US, Britain and France, but letting Putin have his way risks destroying the whole post-cold war order

The Guardian - UK

Reporters’ Notebook: A China-Backed All-Electric Race Series Could Steer the Global South’s Clean Energy Transition

The launch of the Elite World Cup is part of a broader plan by its founders to ignite the EV sector in South Africa and other developing nations

Caixin Global

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The Hindu

Let us disuse the notion that one country is going to emerge as leader of Global South: South African official

No single country to lead Global South, saysSouth African President Cyril Ramaphosa's spokesperson Vincent Magwenya; stresses importance of Global South having a voice in multilateral platforms

The Conversation

As Russia woos nations to support its war in Ukraine, will fault lines deepen around the globe?

Some 560 days have passed since the Russian invasion of Ukraine. We have repeatedly been reminded about the awfulness of war – the senseless waste of human life and indiscriminate misery caused by the imperial delusions of a self-interested leader.

Barchart

Is the Euro and FXE Destined to Decline?

The euro is the world’s second leading reserve currency behind the U.S. dollar. The euro is the pan-European currency that changed the foreign exchange market at the turn of this century. The euro fell below parity against the U.S. dollar in late 2022 but has recovered and made higher lows…

The Hindu

G-20 Summit clinches New Delhi Declaration

2023 G-20 Declaration text marks climbdown by G-7 and EU, doesn’t contain direct criticism of Russia for Ukraine war; G-20 accepts membership of African Union; consensus had come about due to stand taken by Indonesia, India, Brazil and South Africa

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Newslaundry

Hafta letters: Countering hate, teacher-student relationships, space exploration

Hello NL,

The Hindu

Chinese Premier Li Qiang lands in India facing first international test

Prime Minister Narendra Modi and Li Qiang will have the opportunity for informal interactions along the sidelines of G-20

The Guardian - AU

Why is Xi Jinping missing the G20?

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

The Independent UK

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 Conversation

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 Hindu

The implications of the expansion of BRICS

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

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