Emerging Markets Dip Amid U.S. Trade Uncertainties
Emerging market stocks and currencies experienced declines on Monday, largely due to uncertainties surrounding U.S. trade policy and subsequent...
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Putin Declares End of Liberal Globalisation at BRICS Summit
In a bold statement, Russian President Vladimir Putin declared that the era of liberal globalisation has become obsolete, urging...
Brics leaders urge cohesion, trade and use of local currency to grow Global South clout
Brics leaders have called for stronger cohesion, expanded trade and increased use of local currency to improve the Global South’s...
‘Brics bank’ blasts the West ahead of leaders’ summit, while China mute on tariffs
Brazilian President Luiz Inacio Lula da Silva and New Development Bank (NDB) president Dilma Rousseff accused the United States, its...
India Champions Barrier-Free Trade and Local Currency Use at BRICS Summit in Brazil
The summit in Rio de Janeiro is expected to address broader themes including global governance reform, climate action, artificial intelligence,...
Emerging Asia turns away from dollar as confidence in US fades – Firstpost
The US dollar, long considered the cornerstone of international finance, appears to be losing its lustre in Asia, as countries...
BRICS Summit 2025: Steering a Course for Global South’s Ascent
As the BRICS summit approaches in Rio de Janeiro, the focus is squarely on strengthening collaboration among member nations against terrorism and in support of the Global South's aspirations. Envoys are advocating for the broader use of national currencies in trade and championing sustainable governance reforms.India is emphasizing BRICS' crucial role in driving scalable solutions for developing nations and is pushing for financial inclusion and the expanded use of national currency in international trade. Prime Minister Narendra Modi is expected to attend, underscoring India's commitment to shaping BRICS as...
India’s strategic pivot in a tariff-ridden global trade landscape
The global economy is undergoing a reset. Tariffs and protectionism pose real challenges—but they also offer countries like India a chance to lead.This shift puts India in a unique spot. For years, high tariffs acted like a safety net for our domestic industries—often protecting big business from real global competition. But now, with mounting pressure to bring those tariffs down, Indian companies will have to step up. They’ll need to focus on better quality, smarter innovation, and real efficiency if they want to compete. For consumers, that’s a win, more...
India defends BRICS role but steers clear of anti-dollar moves amid Trump’s tariff threat
India has reaffirmed its engagement with BRICS while making it clear that it is not part of any initiative to undermine the US dollar. This comes in response to US President Donald Trump’s latest warning of a 100% tariff on imports from BRICS nations if they pursue a common currency.External Affairs Minister S. Jaishankar, in a statement to Parliament, emphasised India’s role as a founding member of BRICS, highlighting the bloc’s focus on inclusive global governance. However, he clarified that India does not support any move within BRICS to reduce...
Brics nations divide on US dollar replacement, with India declaring ‘no interest’
India has “absolutely no interest” in undermining the US dollar, and its fellow members of the Brics grouping of emerging economies have not formed a unified position on a proposed alternative payment system, according to New Delhi’s foreign minister.Speaking at the London-based think tank Chatham House last week during a six-day visit to Britain and Ireland, Subrahmanyam Jaishankar described the dollar as a “source of international economic stability”.His comments followed repeated warnings from US President Donald Trump against any efforts by Brics – an acronym of founding nations Brazil, Russia,...