BRICS

Lula Convenes BRICS Virtual Summit to Respond to Trump Tariffs

Brazilian President Lula da Silva will lead a BRICS virtual meeting next Monday to address U.S. tariffs and trade policy.The meeting follows the U.S....

South Africa’s BRICS Future Uncertain After Rejecting Bloc’s Currency

South Africa has publicly rejected BRICS plans to create a shared currency and move away from the U.S. dollar. Officials clarified that reports about a...

BRICS Leaders Accused of Swiss Bank Billions, Wealth Inequality

Consolidation of wealth and allegations of corruption among BRICS leaders and businessmen Significant sums from BRICS nations reportedly deposited in Swiss and offshore banks Persistent economic...

BRICS De-Dollarization Fuels Higher US Borrowing Costs: JPMorgan

BRICS countries are accelerating efforts to move away from the U.S. dollar, raising concerns for U.S. borrowing costs.J.P. Morgan warns that this de-dollarization could...

BRICS Currency Designs Unveiled as 2026 Launch Gains Momentum

BRICS officials unveil new currency prototypes with plans for a 2026 rollout. Test banknotes in three denominations have been distributed among member countries to symbolize...

India, Russia to Discuss Rupee Trade in BRICS Amid Tariff Tensions

India will hold high-level talks with Russia in Moscow on August 20-21 to discuss settling trade deals using India’s currency. The goal is to strengthen...

India Balances BRICS Push, Rejects Full De-Dollarization, Expands Rupee Trade

India rejects full de-dollarization and keeps its financial agenda open to the U.S. dollar.India is expanding its currency agreements, enabling trade using its own...

BRICS Gold Buying Surges 41% as Dollar Reserves Drop, 2026 Talk Grows

Central banks purchased 166 tonnes of Gold in Q2 2025, a 41% increase over typical levels. BRICS countries are rapidly reducing their U.S. dollar holdings...

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