BRICS

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...

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...

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...

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%...

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...

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...

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...

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...

Latest news

Burry: Temporary GPU Shortages Mask Rapid Depreciation

Michael Burry warns that NVIDIA's GPU residual value claims rely on discounted cash flow models, not actual secondary market...

NEAR Intents halted after $3.8M hack

NEAR Intents halted services after a $3.8 million exploit of its Omni deposit and withdrawal infrastructure.The protocol patched the...

50,000 Europeans urge EU to loosen stablecoin rewards

More than 50,000 Europeans urged the European Commission to allow stablecoin rewards during its MiCA review.Stand With Crypto EU...