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The Latest Breaking News from BRICS

BRICS summit of emerging economies gets under way without Putin

BRICS leaders meet in South Africa on Tuesday as the loose association of major emerging economies seeks to assert its voice as a counterweight to Western dominance in global affairs. The so-called BRICS nations -- Brazil, Russia, India, China and South Africa -- represent a quarter of the global economy,…

France 24

Russia's Putin stays away over arrest warrant as leaders of emerging economies meet in South Africa

Russian President Vladimir Putin will be notably absent when Chinese President Xi Jinping and other leaders from the BRICS group of emerging economies begin a three-day summit in South Africa on Tuesday

The Independent UK

Putin tells African nations Russia can take Ukraine’s place as supplier of grain – as it happened

Russian leader, wanted under international arrest warrant for alleged war crimes in Ukraine, gives speech by video link to summit in South Africa

The Guardian - AU

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Size, population, GDP: The BRICS nations in numbers

Officials from Brazil, Russia, India, China and South Africa gather in Johannesburg on Tuesday for a three-day BRICS summit, a five-nation club comprising 40% of the world’s population and more than 25 percent of global GDP that positions itself as an economic counterweight to the West. Almost 15 years on…

France 24

Can BRICS create a new world order?

Dozens of nations want to join the club as an alternative to the US-led order. But internal fissures could limit BRICS.

Al Jazeera

BRICS has become a platform for Global South: PM Modi

Prime Minister Narendra Modi said after the BRICS summit in South Africa, he will travel to Athens, Greece on August 25 at the invitation of his Greece counterpart Kyriakos Mitsotakis.

The Hindu

The BRICS test for India’s multipolarity rhetoric

The geopolitical developments of the past year or so and the challenges faced by the United Nations system may have given another lease of life to BRICS

The Hindu

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Putin was meant to be at a summit in South Africa this week. Why was he asked to stay away?

Vladimir Putin will be the odd one out when leaders from the BRICS economic bloc of Brazil, Russia, India, China and South Africa meet in Johannesburg this week

The Independent UK

Latest on Ukraine: Russia strikes Chernihiv, as Kyiv welcomes F-16 pledges

Catch up on key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

WEKU

As Modi lands in South Africa, possible meet with Xi to be watched most closely

PM Modi lands in South Africa for BRICS summit, speculation grows over possible meeting with Chinese President Xi Jinping. Foreign Secretary Vinay Kwatra says PM's itinerary still being worked out

The Hindu

Russia, China look to advance agendas at BRICS summit of developing countries in South Africa

Russia and China will look to gain more political and economic ground in the developing world at a summit in South Africa this week

The Independent UK

Russia-Ukraine war: List of key events, day 544

As the war enters its 544th day, these are the main developments.

Al Jazeera

Explained | Why is the BRICS summit important for India?

BRICS 2023: How will fruitful India-China talks have a bearing on Delhi G20 summit? Will Vladimir Putin attend South Africa BRICS Summit?

The Hindu

Emerging economies are pushing to end the dollar's dominance. But what's the alternative?

Across the developing world, many countries are fed up with America’s dominance of the global financial system — and especially the power of the dollar

The Independent UK

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The Conversation

As BRICS cooperation accelerates, is it time for the US to develop a BRICS policy?

When leaders of the BRICS group of large emerging economies – Brazil, Russia, India, China and South Africa – meet in Johannesburg for two days beginning on Aug. 22, 2023, foreign policymakers in Washington will no doubt be listening carefully.

The Independent UK

China confirms Xi will attend economic summit in South Africa followed by state visit

China's Foreign Ministry has confirmed that President Xi Jinping will attend next week's summit of the BRICS nations in Johannesburg, to be followed by a state visit to South Africa

Al Jazeera

Xi Jinping to make state visit to South Africa, attend BRICS summit

Trip will be Xi’s second overseas visit of 2023 and comes as China attempts to expand its geopolitical influence.

Radio France Internationale

South Africa and Russia, the 'strange bedfellows'

South Africa's hosting of a BRICS summit next week has turned a spotlight on ties between Pretoria and the Kremlin that are cosy and, for some, a puzzle.

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Fortune

A BRICS currency replacing the dollar is a ‘ridiculous’ idea, says the top economist who named the group—unless China and India become allies

Jim O’Neill coined the term BRIC when he worked at Goldman Sachs in 2001, and he’s blasting the idea of a BRICS currency. “It’s embarrassing almost.”

Barchart

BRL/USD: Is Brazil’s Currency a Buy Against the U.S. Dollar?

Brazil’s currency, the real, declined steadily from 2011 through 2020. Over the past three years, the real has been edging higher against the U.S. dollar but has yet to break out on the upside. Since the trend is always your best friend, buying the real could be the optimal approach…

Barchart

Why Does Platinum Keep Failing?

Platinum is a rare precious metal with significant industrial applications, but over the past years, that has not helped the price. While gold and palladium rose to all-time highs in 2022, platinum could not manage a rally to anywhere near the 2008 record peak. After attempting to move above the…

The Hindu

No decision yet, says Russian diplomat on Putin attending G-20 summit

Russia's Deputy Chief of Mission says decision on President Vladimir Putin's attendance at G-20 summit not taken yet. BRICS members working on settlements in national currencies, including single currency proposal. BRICS agenda closely corresponds to G-20 priorities.

The Hindu

The grammar of commerce in a new age of geopolitics

The prevalent geo-economic scene has also led to further settlements in local currencies

The Conversation

Ukraine war: talks in Jeddah give Kyiv an opportunity to push its ten-point plan to Brics and the global south

As the war in Ukraine escalated on and beyond the existing battlefields with intensified air, drone and ground operations, more than 40 countries met in Jeddah, Saudi Arabia, over the weekend of August 5-6 2023, to discuss peace.

The Conversation

An expanded BRICS could reset world politics but picking new members isn’t straightforward

Eager to escape perceived western domination, several countries – mostly in the global south – are looking to join the Brics bloc. The five-country bloc (Brazil, Russia, India, China and South Africa) is also looking to grow its global partnerships.

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