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Tag Archives: BRICS

Why China-proposed Global Governance Initiative comes at the right time

BEIJING, CHINA | Xinhua | China’s newly proposed Global Governance Initiative (GGI) has captured growing attention in recent weeks, with observers hailing it as Beijing’s latest and timely response to pressing global challenges and a call for building a fairer and more inclusive international system. First unveiled at the Shanghai …

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World benefits from closer BRICS solidarity, cooperation

BEIJING | Xinhua |  The virtual BRICS Summit held on Monday has never been more relevant as it came at a time of growing global uncertainties and an intensifying deficit in global governance. During the summit, Chinese President Xi Jinping called on BRICS countries, which stand at the forefront of the …

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Why is Donald Trump so afraid of BRICS?

ANALYSIS : The US president vowed higher tariffs on BRICS nations that align with the bloc’s plans to challenge US hegemony. Despite the China-backed initiative making limited progress, dozens of nations are still eager to join reports Nik Martin. U.S. President Donald Trump is doubling down against the BRICS bloc …

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BRICS outstrips G7 economically — Putin

RIO DE JANEIRO | TASS | BRICS outstrips many other associations, including the Group of Seven, in economic terms, Russian President Vladimir Putin said. “The BRICS nations not only account for a third of the plant’s ground territory and nearly half of its population, they also account for 40% of …

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Colombia, Uzbekistan join BRICS Bank

RIO DE JANEIRO | Xinhua | Colombia and Uzbekistan have joined the New Development Bank (NDB), expanding the membership of the multilateral lender commonly known as the BRICS Bank, the institution’s president, Dilma Rousseff, announced here Saturday. The announcement came at a press conference held after the 10th meeting of the …

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Jeje Odongo: Uganda’s admission as BRICS partner a key milestone

KAMPALA, UGANDA | Xinhua | Uganda’s admission as a BRICS partner state marks a significant milestone in the country’s foreign relations and development aspirations, Foreign Affairs Minister Jeje Odongo has said. In the remarks delivered Tuesday at the BRICS Ministers of Foreign Affairs meeting in Rio de Janeiro, Brazil, Odongo …

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Trump’s trade wars to push more countries to join BRICS

MOSCOW, RUSSIA | TASS | US President Donald Trump’s trade wars may push some Asian and African countries toward joining BRICS, a Russian expert said. “In recent days, and all throughout the past month, we have had a front row seat to the new challenges that have emerged from this …

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