Trump Threatens BRICS Over Dollar Threat Amid Stablecoin Push | Economy
The comments come amid increasing speculation that the BRICS bloc, recently expanded to include Egypt, Ethiopia, Iran and the UAE,...
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What’s behind Trump’s Brics wrath and will India-US trade talks be affected?
US President Donald Trump’s threat to slap an additional 10 per cent tariff on Brics nations may be more of...
‘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,...
BRICS nations’ interest in national currency trade is not de-dollarisation: MEA official
The US dollar will continue to exist in the global trade, said the official | Photo Credit: SUKREE SUKPLANG BRICS nations will work on increasing their understanding of the importance of having an alternative mechanism to do trade in national currencies to protect against geopolitical vulnerabilities, but the process is not the same as de-dollarisation, a senior MEA official has said “The dollar (US) will continue to exist in the global trade. It’s the most dominant currency. I don’t think there’s a competition there. It’s just that countries will look for...
BRICS summit likely to focus on greater use of national currencies for trade
Weeks before top BRICS leaders converge in Rio de Janeiro for summit talks, envoys of leading member nations of the grouping hinted that it could focus on greater use of national currencies for trade in the face of uncertainties over Trump administration's aggressive policy on tariff.Russian Ambassador Denis Alipov reaffirmed Moscow's strong support for trade in local currency among BRICS member nations and described the grouping as "a serious platform for discussing joint solutions to big challenges".The summit is unlikely to make any significant progress on the proposed BRICS currency...
BRICS summit likely to focus on greater use of national currencies for trade
Weeks before top BRICS leaders converge in Rio de Janeiro for summit talks, envoys of leading member nations of the grouping hinted that it could focus on greater use of national currencies for trade in the face of uncertainties over Trump administration's aggressive policy on tariff.Russian Ambassador Denis Alipov reaffirmed Moscow's strong support for trade in local currency among BRICS member nations and described the grouping as "a serious platform for discussing joint solutions to big challenges".The summit is unlikely to make any significant progress on the proposed BRICS currency...