Iranian Foreign Minister Abbas Araghchi says there is no military solution to issues involving Iran, and Tehran will not surrender to pressure or threats. Indian Foreign Minister Subrahmanyam Jaishankar said on Thursday that unimpeded maritime flows through international waters, including the Strait of Hormuz, are vital for global economic well-being. Jaishankar was speaking at the…
A BRICS currency to facilitate de-dollarization remains a distant dream, but a digital currency alternative to SWIFT is nearly here As India prepares to host the BRICS summit later this year, the focus will be on a payment system linking national digital currencies. By prioritizing this infrastructure over launching a new currency, the bloc makes…
Russian President Vladimir Putin has ordered the government and Sberbank, Moscow’s largest state-owned bank, to collaborate with China on developing AI technology in what is likely an effort to challenge the U.S., according to Reuters. In instructions on the Kremlin’s website published on Wednesday, Putin wrote that the entities should “ensure further cooperation with the…
The foreign ministers of BRICS member nations – and another 13 countries interested in collaborating with the anti-Western bloc – convened in Russia on Monday for a meeting outside of the confines of the BRICS annual summit to discuss, among other issues, ways to expand trade without the use of the U.S. dollar. “The proactive…
Russia will increase cooperation on “peaceful nuclear energy” with Venezuela’s socialist regime as well as in the field of oil production, Russian Foreign Minister Sergey Lavrov said during a stop in Caracas on Tuesday. Lavrov made a one-day stop in Venezuela as part of a broader Latin America tour that began in Cuba on Monday….
The Indian Defense Ministry announced this week that it had begun a joint army exercise alongside Saudi Arabia named “Sada Tanseeq,” or “Forever in Coordination,” expected to run through February 10. The event is the first of its kind uniting the armies of Saudi Arabia and India. India is hosting the exercises in the northern…
Hong Kong CNN — Nearly three dozen countries are seeking entry into the China and Russia-backed BRICS economic group, member state South Africa said Wednesday, weeks after the body expanded its membership for the first time in more than a decade. Thirty-four countries have submitted an expression of interest in joining the bloc of major emerging economies, South African…
Major expansion as economic bloc that includes Russia and China attempts to provide counterweight to the US and western allies The Brics group of big emerging economies has announced the admission of six new members, in an attempt to reshape the global world order and provide a counterweight to the US and its allies. From…
Experts say India concerned about expansion and any overt anti-west turn as leaders fly into South Africa Leaders from developing countries representing almost half the world’s population including China and Russia are to meet in South Africa for a key summit aimed at reinforcing their alliance as a counterweight to the west. The Brics grouping…
June 29 (Reuters) – Ethiopia, one of Africa’s fastest-growing economies, has asked to join the BRICS bloc of emerging markets, the foreign ministry said on Thursday. The term BRIC was coined by Goldman Sachs economist Jim O’Neill in 2001 to describe the rise of Brazil, Russia, India and China. The BRIC powers had their first…