Dedollarization: 95% of trade between China and Russia is no longer done in US currency
Russia and China exceeded their transaction target for trade of USD 200 billion before the end of the year
BRICS summit was a giant leap towards inclusive multilateralism
Mandla J. Radebe of the University of Johannesburg talks about the outcomes of the recent BRICS summit in South Africa. He analyzes the politics of the expansion, the new financial architecture under construction, and the role of BRICS in the African continent
BRICS summit ends with six new members and calls for inclusive multilateralism and UN reform
BRICS has decided to invite six countries to join the bloc — Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. The leaders also agreed on a future plan of expansion and called for increased use of local currencies in trade as opposed to the dollar
BRICS summit begins with focus on expansion, de-dollarization
The summit of BRICS leaders is expected to take crucial decisions related to the bloc’s expansion and its role in carving out more space for the economies of the Global South in the world economy
- Brazil approves end to 6×1 work schedule and reduction of the work week to 40 hours
- Israel kills 31 people in Lebanon on the eve of Eid al-Adha
- Israel carries out sixth consecutive Eid massacre in Gaza
- Far-right Janez Janša to return for fourth government term in Slovenia
- With peace deal nearly final, US launches fresh attacks on Iran
