BRICS
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Diplomat Says BRICS Currency Does Not Appeal to All Parties
Diplomats at the BRICS+ policy conference in New Delhi agreed that a common BRICS currency is not beneficial for member countries.
Montek Singh...
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BRICS Launches Gold-Based Payment System to Conduct Trade Without Dollars
The BRICS Gold settlement system enables trade backed by physical gold, bypassing the US dollar.Eleven countries currently participate, with 22 more applying, supported by...
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BRICS Industrial Skills Hub Signals a New Phase in Trade
The BRICS Centre for Industrial Competencies was launched at the United Nations Industrial Development Organization (UNIDO) headquarters in Vienna.The Centre aims to strengthen industrial...
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BRICS Payment Network Enables Transactions in 185 Nations
China's Cross-Border Interbank Payments System (CIPS) supports yuan transactions in 185 countries.As of 2023, CIPS settlements reached 52 trillion yuan ($7.5 trillion), representing 58%...
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BRICS Experiences Unprecedented Gold Boom with India and China Discovering Record-Breaking Mines
The BRICS nations' Gold reserves are reaching historic levels amid recent discoveries in China and India.China found a potential world-largest gold deposit in Hunan...
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BRICS to Switch US Dollar Loans to Chinese Yuan
Ethiopia is negotiating with China to convert its $5.38 billion worth of loans from US dollars to the Chinese yuan.Converting to yuan could strengthen...
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Modi Navigates Strategic Alliance Between BRICS and Quad
Prime Minister Narendra Modi will attend the ASEAN summit in Kuala Lumpur from October 26-28, meeting leaders from both BRICS and Quad alliances.India faces...
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Trump Maintains ‘Massive’ Tariffs Until India, a BRICS Member, Stops Buying Russian Oil
Donald Trump imposed 50% tariffs on Indian goods, escalating trade tensions in 2025.India denies commitments to stop buying Russian oil despite Trump's claims.Indian exports...
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Court Deals Final Blow to Crypto Bank’s Fed Access
A US federal appeals court has ended Custodia Bank's five-year legal battle, ruling the Federal Reserve has discretion over...
Ripple Fixes XRP Ledger Node Crash Bug
Ripple released a crucial bug fix in version 3.1.2 of its "rippled" server software this week.The bug, discovered by...
Bitcoin Tax Exemption Window Targets 2026, Report Says
The Bitcoin Policy Institute (BPI) is targeting a March-August 2026 window to pass a tax exemption for small Bitcoin...
