BRICS

BRICS Members Favor US Dollar, Stall New Payment System Push

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 Signs MoU with BRICS NDB to Boost Infrastructure Funding

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 Boosts Yuan Use to Slash US Dollar Reliance in BRICS Deal

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 Surpasses 6,000 Tonnes Gold, Drives De-Dollarization Era

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...

AfD Eyes Energy Ties with BRICS Amid German Backlash

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...

China Begins Mass Production of Flying Cars, BRICS First Buyers

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...

BRICS Signs 70+ Pacts to Boost Local Currency Trade, De-Dollarization

Over 70 cooperation agreements were signed at the International Municipal BRICS Forum in St Petersburg.BRICS nations are advancing de-dollarization and promoting trade using local...

India, South Africa Lead BRICS Gold Reserves Growth Oct 2025

India's Gold reserves reached approximately $102.4 billion by early October 2025, mainly due to price increases rather than new purchases. South Africa increased its combined...

Latest news

Bank Lobby Targets Stablecoin Yield Rules in Senate Bill

The American Bankers Association (ABA) mobilized over 8,000 letters to Senate offices seeking tighter rules on stablecoin yields ahead...

EToro Q1 Earnings Up 37% on Commodities Trading Boom

EToro's Q1 2026 net income rose 37% to $82 million, largely fueled by a fourfold surge in commodities trading...

Crypto ‘Godfather’ Shorts Bitcoin In Podcast Interview

Early Bitcoin advocate Michael Terpin, dubbed the "Godfather of Crypto," is now shorting Bitcoin.He predicts a short-term drop to...