BRICS
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BRICS Surpasses G7: Now Holds 40% of Global GDP in PPP
The BRICS group’s share of global GDP by purchasing power parity (PPP) has grown to 40%, surpassing the G7’s 29% share.Russian Foreign Minister Sergey...
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BRICS Russia Startups Gain Access to Chinese Investment at Summit
More than 600 investors will attend the upcoming BRICS startup summit in Moscow on October 1-2.Russian startups are gaining greater access to Chinese markets...
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BRICS Currency Plans Face Skepticism, Dollar Dominance Persists
Experts and economists question the viability of a BRICS currency by 2026.
Technical proposals include a digital currency platform, but key challenges remain.
Plans for a...
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Egypt, Belarus Forge BRICS Trading Bridge, Settle in Local Currencies
Egypt and Belarus set up an electronic trading bridge for local currency deals.
Belarusian Universal Commodity Exchange (BUCX) met with Egyptian officials in Cairo to...
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JPMorgan Ups Yuan Forecast as BRICS Push De-Dollarization Efforts
JPMorgan raised its forecast for China’s yuan, citing growing efforts to use other currencies instead of the U.S. dollar among BRICS nations.
The investment bank...
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Trump Threatens 100% Tariffs on China, BRICS Over Russian Oil Trade
Donald Trump has proposed tariffs on Chinese products as high as 100%, mainly targeting China's involvement in purchasing Russian oil.
The latest tariff plans focus...
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BRICS Develops Dollar-Free Trading Platform to Challenge US Dominance
BRICS is developing a new trading platform that will exclude the U.S. dollar from international transactions.
Sergey Lavrov, Russian Foreign Minister, confirmed the project and...
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Rio to Host First Permanent BRICS Headquarters in 2025
Rio de Janeiro has confirmed plans to establish the first permanent BRICS headquarters in 2025.The city’s proposal centers on the historic Brazilian Jockey Club...
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