BRICS

The 17th BRICS summit in Rio de Janeiro did not result in launching a new currency or mention de-dollarization.Only China and Russia remain committed...

Indonesia has committed $1 billion to the New Development Bank as a new BRICS member.The funding supports sustainable projects and reinforces global South financial...

Several BRICS members continue to prefer using the US dollar for trade settlements.Russia expresses disappointment at the reluctance to adopt a new BRICS payment...

South Africa signed a significant MoU with the BRICS New Development Bank at the G20 Leaders’ Summit in Johannesburg to boost infrastructure financing.The NDB...

Indonesia plans to launch foreign exchange operations using the Chinese yuan and Japanese yen.The move aims to reduce Indonesia's dependence on the U.S. dollar...

BRICS member countries hold over 6,000 tonnes of Gold, about 20% of global central bank reserves.Russia and China control roughly 74% of BRICS gold...

Germany’s opposition party Alternative for Germany (AfD) members attended a BRICS summit in Sochi to discuss energy cooperation.AfD is advocating for stronger relations with...

Trial production of flying cars with vertical take-off and landing (VTOL) capabilities has started in China.The manufacturing facility can produce up to 10,000 units...