BRICS Nations Push for Break from Western Economic Models as Calls for Reform Intensify Rio de Janeiro – At the 10th Annual Meeting of the New Development Bank (NDB), global leaders called for a radical transformation of the international financial system, urging BRICS nations and the broader Global South to distance themselves from Western-dominated development […]
In June 2025, the European Central Bank (ECB) reported that gold surpassed the euro to become the second-largest global reserve asset by market value, trailing only the US dollar. Gold accounted for about 20% of global official reserves at the end of 2024, overtaking the euro’s 16%. This shift was driven by a 30% surge […]
Africa and China are deepening their trade and investment partnership through the China-Africa Ten Partnership Initiative, launched by President Xi Jinping to promote cooperation in areas like trade, industrial development, green growth, and cultural exchanges. China, Africa’s largest trading partner for over a decade, has pledged zero tariffs on imports from 53 African countries to […]
Lavrov: “The BRICS Expansion Process Will Soon Continue” Russian Foreign Minister Sergey Lavrov has reaffirmed Russia’s strong support for the continued growth of BRICS, expressing confidence that the bloc’s expansion process will resume shortly. Speaking at a recent press briefing, Lavrov emphasized that the group which currently includes Brazil, Russia, India, China, and South Africa, […]