Page 76 - Brics News Today

US President Joe Biden has said he is "disappointed" that his Chinese counterpart Xi Jinping plans to skip the upcoming G20 summit in India.

Western sanctions against Russia are driving the BRICS grouping of countries closer together in addition to curbing Moscow's oil revenue, some executives at a major Asia energy conference said. Sanctions imposed by the Group of Seven and other western countries in the aftermath of Russia's invasion last year of Ukraine have capped Russian energy revenues and forced a drastic re-drawing of the global energy map. "Western sanctions on Russia are working ... In the sense that they&...

‘Ethical’ AI, Stem cell therapy, Autonomous Hill Councils, and more — here's a highlight of some of the important terms useful for UPSC CSE Prelims and Mains preparation.

The new avatar of BRICS offers good possibilities for realising and promoting the interests of the Global South as long as China and Russia don’t try to build it into an anti-West bloc

China has already set up a Global Development and South-South Cooperation Fund worth US$4bn

Iran will not tie expansion of its trade relations with other countries to the outcome of talks on the revival of the 2015 nuclear deal, the Foreign Ministry’s spokesman says.

Bangladesh has strong economic aspirations to become part of a forum like BRICS. Both China and India are Bangladesh’s major trading partners, growing sources of external funding and prospective investments.

‘Xi’s absence may be Beijing’s attempt to put a nail in the G20’s coffin’

One culprit for his troubles stands out: The U.S. dollar’s strength against the Nigerian currency, the naira, has pushed the price of garments and other foreign goods beyond the reach of local consumers. The price these days is running around 350,000 naira, or $450. Across the developing world, many countries are fed up with America’s dominance of the global financial system — especially the power of the dollar.

Uganda and Rwanda were the biggest importers of Russian arms last year.