Tag #Brics

Showing 61 to 72 of 104 results

theglobeandmail.com

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Dec 30, 16:14

BRICS Expands Despite Key Absences

Russia concluded its BRICS chairmanship by adding nine partner countries, including Indonesia, Malaysia, and Cuba, but failed to secure key members like Saudi Arabia and Turkey, who are wary of antagonizing the West, while BRICS aims to create a new global payment system to bypass Western sanctions.

BRICS Expands Despite Key Absences

Russia concluded its BRICS chairmanship by adding nine partner countries, including Indonesia, Malaysia, and Cuba, but failed to secure key members like Saudi Arabia and Turkey, who are wary of antagonizing the West, while BRICS aims to create a new global payment system to bypass Western sanctions.

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How do the decisions of Saudi Arabia and Turkey to delay joining BRICS reflect the broader geopolitical dynamics at play?

The expansion of BRICS reflects a growing desire among Global South nations to reduce reliance on Western-dominated financial systems. Russia's efforts, including over 250 events, aimed to foster closer ties, showcasing BRICS' appeal as an alternative power structure. The hesitation of countries like Saudi Arabia reveals concerns about antagonizing the West.

theglobeandmail.com

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Dec 27, 01:08

Brazilian Real Hits Record Low Amidst BRICS Uncertainty

The Brazilian real plummeted to an all-time low against the US dollar (0.14827 or 6.7445) this week, despite the central bank's efforts to stabilize it by raising interest rates and spending $8 billion on real purchases; this event may affect US grain markets and invites speculation about China's in...

Brazilian Real Hits Record Low Amidst BRICS Uncertainty

The Brazilian real plummeted to an all-time low against the US dollar (0.14827 or 6.7445) this week, despite the central bank's efforts to stabilize it by raising interest rates and spending $8 billion on real purchases; this event may affect US grain markets and invites speculation about China's in...

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Decent Work and Economic Growth

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How does Brazil's role within the BRICS alliance, specifically its relationship with China, influence the current currency crisis?

This situation is particularly interesting given Brazil's role in the BRICS alliance. The weakening real, coupled with China's significant investments in Brazil, raises questions about potential Chinese influence on the currency's value, though direct evidence is lacking. The impact on Brazilian grain producers mirrors past Argentinan experiences where crops become a de facto currency during crises.

china.org.cn

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Dec 27, 22:09

Ethiopia and China Strengthen Strategic Partnership in 2024

In 2024, Ethiopia and China further solidified their all-weather strategic partnership, marked by high-level diplomatic exchanges, over 8.5 billion USD in Chinese investment creating over 325,400 jobs, and increased collaboration in various sectors, including electric vehicle manufacturing and vocat...

Ethiopia and China Strengthen Strategic Partnership in 2024

In 2024, Ethiopia and China further solidified their all-weather strategic partnership, marked by high-level diplomatic exchanges, over 8.5 billion USD in Chinese investment creating over 325,400 jobs, and increased collaboration in various sectors, including electric vehicle manufacturing and vocat...

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How is Chinese investment contributing to Ethiopia's economic development and green transition?

The enhanced partnership is driven by significant Chinese investment in Ethiopia's infrastructure, manufacturing, and capacity building, amounting to over 8.5 billion USD and involving over 3,300 projects. This collaboration is exemplified by the increased presence of Chinese electric vehicle companies in Ethiopia, supporting the country's green transition and economic growth.

tass.com

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Dec 26, 19:10

Cuba to Join BRICS as Partner Country in 2025

Cuba will become a BRICS partner country in January 2025, gaining access to trade and cooperation mechanisms within this influential group, reflecting its growing prestige in the Global South and countering Western isolationist policies.

Cuba to Join BRICS as Partner Country in 2025

Cuba will become a BRICS partner country in January 2025, gaining access to trade and cooperation mechanisms within this influential group, reflecting its growing prestige in the Global South and countering Western isolationist policies.

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What are the immediate implications of Cuba's acceptance into the BRICS group as a partner country?

Cuba's invitation to become a BRICS partner country in January 2025 reflects its growing influence within the Global South. This new status grants Cuba access to trade and cooperation mechanisms within a significant emerging global power bloc.

us.cnn.com

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Dec 21, 07:07

Trump's Tariff Threats Against BRICS: India's Unique Position

President-elect Trump threatens BRICS nations with 100% tariffs if they replace the US dollar, but India's strong relationship with Trump may give it leverage to influence other members.

Trump's Tariff Threats Against BRICS: India's Unique Position

President-elect Trump threatens BRICS nations with 100% tariffs if they replace the US dollar, but India's strong relationship with Trump may give it leverage to influence other members.

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How will President-elect Trump's tariff threats against BRICS nations impact global currency markets and international trade relationships?

President-elect Trump threatens BRICS nations with 100% tariffs if they create a new currency or replace the US dollar. India, a BRICS member, has been a target of Trump's trade policies in the past, but their leaders maintain a warm personal relationship. This dynamic could give India leverage to influence other BRICS members.

europe.chinadaily.com.cn

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Dec 16, 04:09

China's Growing Influence in the Global South

China's investments and technological collaborations are significantly boosting economic growth and development across Africa, Asia, and Latin America, providing an alternative model to Western aid and creating new geopolitical dynamics.

China's Growing Influence in the Global South

China's investments and technological collaborations are significantly boosting economic growth and development across Africa, Asia, and Latin America, providing an alternative model to Western aid and creating new geopolitical dynamics.

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What are the immediate economic and developmental impacts of China's investments and aid in the Global South?

China's Belt and Road Initiative and Global Development Initiative are driving economic growth in the Global South through infrastructure investment and financial aid. This assistance, often unburdened by political conditions, contrasts with traditional Western aid models and is fostering economic development and trade in numerous countries.

chinadaily.com.cn

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Dec 29, 19:09

Iran and China Strengthen Ties Amidst Geopolitical Shifts

Iranian Foreign Minister's visit to Beijing on the eve of the Spring Festival for consultations with Chinese Foreign Minister Wang Yi signifies strengthened bilateral ties and pragmatic cooperation, particularly in light of shared concerns regarding regional stability and multilateralism, following ...

Iran and China Strengthen Ties Amidst Geopolitical Shifts

Iranian Foreign Minister's visit to Beijing on the eve of the Spring Festival for consultations with Chinese Foreign Minister Wang Yi signifies strengthened bilateral ties and pragmatic cooperation, particularly in light of shared concerns regarding regional stability and multilateralism, following ...

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Peace, Justice, and Strong Institutions

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How does the Iran-China partnership reflect broader geopolitical trends and challenges?

The meeting highlights the deepening strategic partnership between Iran and China, encompassing political, economic, and security cooperation. This collaboration is demonstrated through joint military exercises, participation in organizations like BRICS and the Shanghai Cooperation Organization, and a shared commitment to multilateralism against unilateral actions by certain hegemonic powers.

jpost.com

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Dec 27, 16:11

Schectman Warns of Global Economic Crisis Amid BRICS Rise and Gold Rush

Andy Schectman, President of Miles Franklin, warned of escalating global economic instability due to BRICS nations' growing influence, their strategic gold accumulation, and the threat of stagflation, citing central banks' increased gold purchases as a key indicator of concern.

Schectman Warns of Global Economic Crisis Amid BRICS Rise and Gold Rush

Andy Schectman, President of Miles Franklin, warned of escalating global economic instability due to BRICS nations' growing influence, their strategic gold accumulation, and the threat of stagflation, citing central banks' increased gold purchases as a key indicator of concern.

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What are the most immediate and significant economic implications of the BRICS nations' challenge to the US dollar?

Andy Schectman, President of Miles Franklin, warned of a potential global economic crisis driven by BRICS nations' challenge to the US dollar, strategic gold accumulation, and inflationary policies. He cited the Bank for International Settlements' withdrawal from Project Embridge as evidence of BRICS distrust in the West and highlighted China's significant gold purchases as a move away from the dollar. Central banks' increased gold buying further signals growing economic concerns.

tass.com

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Dec 26, 16:08

Thailand Accepts BRICS Partner Status

Thailand officially accepted Russia's invitation to become a BRICS partner state on December 24, 2024, aiming to boost its economy and international relations with developing countries, following an October 31 invitation and a June expression of intent to become a full member.

Thailand Accepts BRICS Partner Status

Thailand officially accepted Russia's invitation to become a BRICS partner state on December 24, 2024, aiming to boost its economy and international relations with developing countries, following an October 31 invitation and a June expression of intent to become a full member.

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What are the immediate implications of Thailand's acceptance of BRICS partner status?

Thailand has accepted Russia's invitation to become a BRICS partner state, a crucial step towards full membership. This decision, made on December 24th, follows an October 31st invitation from Russia, the 2024 BRICS chair. The Thai government believes this partnership will boost its economy and international standing.

pda.kp.ru

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Dec 23, 19:10

BRICS Summit Highlights Russia's Growing Global Influence

Russia's 2024 BRICS chairmanship concluded with a summit in Kazan, featuring 22 nations and establishing a BRICS partner country category, countering US pressure and signifying a multipolar shift.

BRICS Summit Highlights Russia's Growing Global Influence

Russia's 2024 BRICS chairmanship concluded with a summit in Kazan, featuring 22 nations and establishing a BRICS partner country category, countering US pressure and signifying a multipolar shift.

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What were the key outcomes of Russia's 2024 BRICS chairmanship, and what is their global significance?

Russia's 2024 BRICS chairmanship culminated in a Kazan summit with 22 nations, dispelling notions of international isolation. The summit established a BRICS partner country category and focused on economic cooperation, finance, climate response, and food/energy security, encountering US countermeasures.

cnn.com

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Dec 21, 07:07

Trump's Tariff Threat: India Navigates a Complex Trade Relationship

President-elect Trump threatens 100% tariffs on BRICS nations, including India, if they replace the US dollar; despite past trade conflicts, Trump and Indian Prime Minister Modi's close relationship may lessen the impact, although a significant trade imbalance remains.

Trump's Tariff Threat: India Navigates a Complex Trade Relationship

President-elect Trump threatens 100% tariffs on BRICS nations, including India, if they replace the US dollar; despite past trade conflicts, Trump and Indian Prime Minister Modi's close relationship may lessen the impact, although a significant trade imbalance remains.

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How does India's unique position within BRICS influence its response to Trump's trade policies?

Trump's threat highlights the US's influence on global finance and its potential to use trade as leverage. India's position as a BRICS outlier and its strong relationship with Trump might enable it to moderate the group's actions. The substantial US-India trade imbalance, however, presents challenges.

china.org.cn

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Dec 15, 13:08

Global South's Rise Boosts Global Trade, Malaysia Emphasizes ASEAN Cooperation

At a Kuala Lumpur conference, Malaysia's MATRADE chairman emphasized the Global South's positive impact on global trade and cooperation, highlighting Malaysia's commitment to strengthening ASEAN engagement and regional collaboration for economic growth and addressing global challenges.

Global South's Rise Boosts Global Trade, Malaysia Emphasizes ASEAN Cooperation

At a Kuala Lumpur conference, Malaysia's MATRADE chairman emphasized the Global South's positive impact on global trade and cooperation, highlighting Malaysia's commitment to strengthening ASEAN engagement and regional collaboration for economic growth and addressing global challenges.

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What is the significance of the Global South's rise for international trade and global economic cooperation?

Malaysia's MATRADE Chairman, Reezal Merican Naina Merican, highlighted the Global South's rise as a catalyst for global economic growth and international trade, emphasizing its inclusive nature and focus on a more equitable global system. He stressed Malaysia's commitment to strengthening ASEAN engagement and regional cooperation.

Showing 61 to 72 of 104 results