BRICS Summit

Russian President Vladimir Putin railed against dollar dominance and Western sanctions in a prerecorded speech at the BRICS summit. Putin, unable to attend in person due to potential arrest, called for increased use of local currencies for trade. Putin criticized the trade...

The Shanghai-based New Development Bank, established by the BRICS nations, is reportedly set to roll out loans denominated in the South African rand and Brazilian real, a strategic move aimed at reducing reliance on the U.S. dollar and fostering a more multipolar global financial...

The BRICS alliance, an association of the five major emerging economies of Brazil, Russia, India, China, and South Africa, is witnessing an increasing number of nations showing interest in joining its ranks. The surge in interest corresponds with an increasing number of countries...