WHAT IS BRICS
Trump threat of 100% tariff: Does the US have reasons to worry about de-dollarization or is this a non-starter?
Ajay Dua asserts that despite discussions within the BRICS nations, the US dollar will continue to dominate global trade. While there is a gradual decline in its dominance, with countries like India, Russia, and China trading in their own currencies, a significant shift from the dollar remains unlikely in the near future.
India's 'friend' Trump keeps the country guessing
US President-elect Donald Trump¡¯s social media posts have caused market fluctuations in the past. While Trump has shown unpredictability in his policies, he has been relatively friendly towards India. However, his recent tariff threats and warnings to BRICS nations about moving away from the US dollar create economic uncertainties for India.
Trump's 100 per cent tariff threat on BRICS: Need to see if US law permits sanctions, says Ex-RBI Guv
President-elect Donald Trump's warning about 100 per cent tariffs on BRICS countries moving away from the US dollar is critiqued by former RBI Governor Duvvuri Subbarao. He questions its feasibility, legality, and the possibility of BRICS achieving a common currency due to internal differences and economic challenges.
It's an economic war on BRICS nations: Economist Sharad Kohli weighs in on Trump's threat
US President-elect Donald Trump has threatened BRICS countries with 100 per cent tariffs on all imports if they launch their own currency. BRICS countries aim to reduce dollar dominance in global finance. Economist Sharad Kohli views this as an economic war on developing nations. Trump insists the US will not allow the dollar to be replaced in international trade.
Why US President Biden was missing from official G20 photo with China's Xi Jinping, PM Modi and others
If there was any doubt that Joe Biden is no longer in the picture for many world leaders, his final G20 summit in Rio de Janeiro provided a sure sign. - Final pitch - At the G20 on Monday, Biden had urged the other leaders to back Ukraine's "sovereignty," in his first comments since it emerged on Sunday that he had approved Kyiv's use of long-range missiles against Russia.
ET Exclusive | India is a vital contributor to the formation of the global order, says Dr Victoria Panova
Dr. Victoria Panova, a BRICS expert, highlights Russia's successful BRICS chairmanship amidst geopolitical shifts. She emphasizes BRICS' focus on global governance reform and its non-confrontational approach. Panova sees India as a vital contributor to the global order, leveraging its economic and diplomatic strength within BRICS.
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Russian President Vladimir Putin promises Africa 'total support' in anti-West pitch to continent
At a summit in Sochi, Russia pledged its full support to African nations, aiming to strengthen ties and counter Western influence. Russia highlighted its historical support for Africa's liberation from colonialism and offered economic and military cooperation as a better alternative to Western partnerships. However, some experts question the depth and longevity of Russia's commitment to the continent.
India pivotal for an equitable new world order
The recent Moscow-Beijing summit in Kazan signals a potential shift in the global world order, with China and Russia aiming to challenge the dominance of the US and EU. India, under Modi's leadership, plays a crucial role in advocating for balance and rationality amidst these emerging power blocs, acting as a mediator between competing interests.
From Kazan to the world: BRICS expansion could reshape global governance
The 16th BRICS Summit in Kazan emphasises multilateralism, financial innovation, and alternative payment systems. Leaders condemned unilateral sanctions and call for international law adherence, while the bloc advocated for IMF and World Bank reforms, highlighting their commitment to equitable global development and security.
Brazil becomes second BRICS country after India not to join China's BRI
Brazil, under President Lula da Silva, decides against joining China's Belt and Road Initiative (BRI), seeking alternative collaboration methods with Chinese investors. This decision, aligning with India's earlier stance, is influenced by concerns over tangible benefits and potential complications with a future Trump administration. Brazil aims for synergy without formally joining BRI.
World paying more attention to India now, listening carefully what it says: PM Modi
Prime Minister Narendra Modi emphasizes India's rising global influence and investment potential, addressing a gathering in Gujarat after inaugurating Rs 4,800 crore worth of development projects. Highlighting Germany's plan to increase visas for Indians and Spain's investment in military aircraft production, he underscores the importance of Gujarat's development.
Zelenskyy sees Modi as key player in ending Ukraine war: 'Huge value of India'
Ukrainian President Zelenskyy urged PM Modi to mediate in the Ukraine war, highlighting the potential influence India holds. He calls for negotiations in India, emphasizing concrete actions over words, a blockade of Russian resources, and the return of deported Ukrainian children.
LAC patrolling agreement with China doesn't mean everything is resolved: Jaishankar
External Affairs Minister S Jaishankar indicates that the recent LAC patrolling agreement with China represents a step forward but does not resolve all issues. The military's efforts and enhanced border infrastructure were crucial. Disengagement in Depsang and Demchok highlights progress, but normalization of relations will take time.
"Will take time to build trust and willingness": EAM Jaishankar on India-China relations
External Affairs Minister S Jaishankar highlighted the collaboration of military and diplomacy in securing a border patrolling agreement with China along the LAC. He mentioned that rebuilding trust and cooperation would take time. Improvements in infrastructure and determined efforts were crucial. Leaders of both nations also met at the BRICS Summit, stressing the significance of bilateral ties.
BRICS throws another challenge to the West ¡ª on the ramp
The BRICS+ Fashion Summit in Moscow marked the launch of the BRICS International Fashion Federation, uniting fashion leaders from over 100 countries to challenge Western fashion dominance and promote sustainability, heritage, and creativity in the industry.
BRICS Summit: What's on the table as Putin hosted Modi, Xi to challenge Western clout
Russian President Putin hosted the BRICS summit with leaders including China's Xi Jinping and India's Modi. The agenda focused on financial cooperation, alternatives to Western payment systems, and BRICS expansion. The summit is seen as a challenge to Western influence. Discussions included regional conflicts and proposed new financial platforms for the Global South.
India, China and S.Africa leaders underpin Putin at key summit
Indian Prime Minister Narendra Modi called for a quick end to the Ukraine conflict during talks with President Vladimir Putin in Russia on Tuesday, as Chinese leader Xi Jinping praised Beijing's "profound friendship" with Moscow. Chinese leader Xi Jinping meanwhile praised his country's "profound" ties with Russia in what he called a "chaotic" world.
India can benefit from current geopolitical complexity, if it plays the game skillfully: Ben Powell, BlackRock
Ben Powell, BlackRock's Chief Investment Strategist, highlights emerging partnerships between governments and private capital due to limited fiscal power in the West. He also points out India's significant role in global geopolitics, emphasizing its strategic positioning within both BRICS and Quad alliances amidst complex international dynamics. Powell praises AI's potential and India's promising investment landscape.
China needed India at the table in Kazan to deal with its own problems that include US pushback
Xi Jinping seeks to resolve the 2020 border dispute with India, motivated by high expectations from improved bilateral trade. The Modi-Xi meeting at the BRICS summit underscored mutual ambitions. India initiated peace by allowing Chinese investments, aiming to overcome economic hurdles, while China eyes Modi's support to counter US sanctions.
What we know about North Korea's role in the Ukraine war
North Korea has sent soldiers to help Russia in the Ukraine war. Officials report that North Korean troops arrived in Russia this month. This move signals a deepening military alliance between Moscow and Pyongyang. Both countries deny troop deployment claims, but evidence suggests increasing cooperation. Global responses highlight security threats and possible consequences.
Questions remain, govt must take people into confidence on agreement with China on patrolling: Congress
The Congress has called for restoring the status quo ante as of March 2020 after India and China reached an agreement on military patrols along the LAC in Ladakh. They urge the government to provide transparency and address concerns about restricted patrolling and grazing access amid increased economic dependencies on China.
Putin touts 'multipolar world order' at BRICS summit
At the BRICS summit, Putin promoted a new multipolar world order, showcasing diplomatic strength despite Western sanctions. Leaders from China, India, Turkey, and Iran attend, discussing global issues, including payment systems and the Ukraine conflict. UN Secretary General Guterres also attends, drawing criticism from Ukraine.
Will Vladimir Putin do at BRICS what America dreads the most?
The BRICS Summit 2024 in Kazan will expand the bloc to include Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. Russia aims to challenge the US dollar's dominance through alternative payment systems and a BRICS grain trading exchange, potentially reducing dependence on Western financial systems.
Dhol, dance and devotion: PM Modi gets grand welcome from Russian nationals in Kazan. Watch video
BRICS Summit: Prime Minister Narendra Modi arrived in Russia to attend the 16th BRICS Summit on the invite of Russian President Vladimir Putin. PM Modi received a huge welcome from Indian diaspora and Russian nationals in Kazan who even sang a Krishna Bhajan for him. The artists of the Russian community also performed a dance for PM Modi.
"We don't view BRICS as some sort of threat," says White House spokesperson
John Kirby, White House National Security Communications Advisor, states BRICS is not viewed as a threat by the U.S., emphasizing countries' sovereignty in associations. The BRICS Summit in Kazan highlights Russia's role, and PM Narendra Modi anticipates extensive discussions and bilateral meetings.
The long road to resolving the India-China border stand-off
India announced on Monday that it has reached an agreement with China on patrolling arrangements along their disputed Himalayan border, a significant step towards resolving tensions that escalated in 2020.
PM Modi departs for Russia to attend BRICS Summit in Kazan
Prime Minister Narendra Modi is set to attend the 16th BRICS Summit in Kazan, Russia, from October 22-24. He will also engage in bilateral meetings with BRICS leaders. The summit will center on themes like economic cooperation, climate change, digital inclusion, and financial inclusion. This is Modi¡¯s second visit to Russia in 2024.
BRICS Summit 2024: Agenda, schedule, key discussions and implications for global economy. Here's all
The BRICS summit will take place in Russia from October 22 to 24, 2024. Leaders from ten nations, including India, China, and Russia, will discuss economic cooperation and global challenges. Prime Minister Modi is expected to address issues like energy security and India's trade relations with China. The event could reshape international financial dynamics.
"After disengagement, we should look at de-escalation...": Former Foreign Secy Harsh Shringla lauds India-China agreement on patrolling
India and China have agreed on patrolling arrangements along the Line of Actual Control in eastern Ladakh. This agreement may lead to troop de-escalation and ease tensions. It creates a potential opportunity for PM Modi and Chinese President Xi Jinping to meet at the BRICS Summit in Russia this week.
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