Tag: BRICS
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Cyril Ramaphosa seeks to avoid global powers ‘contest’ over Brics expansion
[ad_1] Receive free Emerging markets updates We’ll send you a myFT Daily Digest email rounding up the latest Emerging markets news every morning. President Cyril Ramaphosa said South Africa would “not be drawn into a contest between global powers”, ahead of this week’s Brics summit in Johannesburg that will consider the biggest expansion of the…
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The BRICS Mirage Attracts New Devotees
[ad_1] It’s out there somewhere Like a revived fashion trend, its time has seemingly come again. That 1970s confection “The Global South” is back on a daily basis, in news stories as well as commentaries. The phrase was a partial replacement for the Third World, neither US nor Soviet, and encompassed the so-called “Developing World.”…
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Algeria Formally Applied to Join BRICS Bloc and Pledged $1.5 Billion to New Development Bank – The China Global South Project
[ad_1] Algeria formally applied to join the BRICS bloc and pledged $1.5 billion to become a shareholder in the group’s New Development Bank. The offer came at the end of President Abdelmadjid Tebboune’s five-day visit to China on Friday, when he also met with Huawei founder Ren Zhengfei in Shenzhen. (REUTERS) China joined a coalition of major oil-producing…
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Putin won’t attend South Africa’s BRICS summit, avoiding possible arrest : NPR
[ad_1] Russian President Vladimir Putin (left) speaks to South African President Cyril Ramaphosa during a plenary session at the Russia-Africa summit in the Black Sea resort of Sochi, Russia, on Oct. 24, 2019. Sergei Chirikov/AP hide caption toggle caption Sergei Chirikov/AP Russian President Vladimir Putin (left) speaks to South African President Cyril Ramaphosa during a…
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BRICS to Replace the Dollar?
[ad_1] The goldbugs cling to everything they can to promote gold at the destruction of the dollar. They are pushing the idea that China, Russia, and other BRICS countries are developing a dollar alternative. The truth of the matter is that is more fiction. Even India’s foreign minister S. Jaishankar came out and said,…
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Chinese President Xi Jinping Expressed Support for South Africa to Remain Host for BRICS Summit in August – The China Global South Project
[ad_1] Chinese language President Xi Jinping expressed help for South Africa to stay host for the upcoming BRICS summit in August. Xi’s feedback throughout a name together with his SA counterpart Cyril Ramaphosa on Friday point out he might not help a change in venue that would cut back stress on Pretoria to arrest Vladimir Putin. (BLOOMBERG)…
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BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming Summit – Economics Bitcoin News
[ad_1] The BRICS nations are set to debate the feasibility of a typical forex on the upcoming leaders’ summit. “It’s a matter we should focus on and focus on correctly,” a South African minister burdened, noting {that a} rising variety of international locations are saying: “Why can’t we commerce in our personal currencies? Why are…
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Threats to US Dollar’s Dominance Largely Domestic — Not BRICS Currency or Chinese Yuan – Economics Bitcoin News
[ad_1] Financial institution of America has warned that the important thing threats to the U.S. greenback’s dominance are largely home, versus competitors from different currencies, together with a BRICS forex. “U.S. fiscal brinkmanship, with dangers for presidency shutdown, and even worse a default, retains arising throughout debt ceiling discussions,” the financial institution’s analysts burdened. Financial…
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Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China – Finance Bitcoin News
[ad_1] BRICS nations can lead efforts to desert the U.S. greenback in worldwide settlements, based on President Bashar Assad of Syria. At a gathering with China’s high diplomat for the area, the chief of the war-torn Center Jap nation referred to as for utilizing the Chinese language yuan for cross-border commerce. Financial Conflict With West…
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BRICS Nations Push to Expand Global Influence to Counter the West’s ‘Destructive Actions’ – Economics Bitcoin News
[ad_1] The BRICS nations are specializing in growing their worldwide roles and “enhancing coordination on key multilateral platforms,” Russia’s Minister of Overseas Affairs reportedly revealed after a gathering with BRICS ambassadors. He careworn “the necessity for joint efforts to counter harmful actions geared toward destroying the established safety structure.” BRICS Seeks Increase World Affect Russia’s…