Economist Jeremy Siegel argues that Bitcoin, not a potential BRICS reserve currency, poses a greater threat to the US dollar’s global dominance. This comes after President-elect Trump threatened BRICS nations with 100% tariffs if they pursue a rival currency, while simultaneously Bitcoin’s price surges.
External Affairs Minister S Jaishankar dismissed speculation of India seeking to undermine the US dollar, emphasizing India’s robust trade relationship with the US despite President-elect Trump’s past threats of 100% tariffs on BRICS nations. He highlighted the strong Modi-Trump relationship and clarified India’s stance on BRICS financial discussions.
Donald Trump’s latest pronouncements threaten a 100% tariff on BRICS nations, sparking concerns about a potential trade war and reshaping the global economic landscape. Analyze the implications of this bold move and its potential impact on international relations.
Turkey’s bid to join the BRICS group of emerging economies has taken a significant step forward with the offer of partner country status. While Ankara has expressed interest in full membership, the proposal raises questions about Turkey’s geopolitical balancing act between its Western and Eastern ties. This article explores the potential implications of partner country status for Turkey and analyzes the motivations behind its pursuit of BRICS membership.
Ahead of the UNCCD COP16 in Riyadh, Saudi Arabia, BRICS leaders have issued a joint statement urging increased financial support and partnerships to address land degradation, desertification, and drought. The statement highlights the pressing need for global action to protect the environment and prevent further degradation, which affects over 40% of the planet and impacts billions of lives. Saudi Arabia, the host of the UNCCD COP16, welcomes this support as it prepares to lead the global effort to tackle these critical environmental challenges.
Prime Minister Narendra Modi and Chinese President Xi Jinping met on the sidelines of the BRICS summit in Kazan, Russia, reaching “important common understandings” to improve bilateral ties. The meeting signifies a positive step towards normalizing relations strained by the 2020 border clash in Ladakh. Both leaders agreed to strengthen communication, enhance mutual trust, and address outstanding issues, paving the way for a more stable relationship.
South Africa is set to welcome more tourists from India and China by easing visa requirements. The move comes as part of a larger strategy to boost tourism and capitalize on the country’s natural attractions. This article explores the details of the new visa program and its potential impact on the South African economy.
South Africa is set to welcome more tourists from India and China by easing visa requirements. The move comes as part of a larger strategy to boost tourism and capitalize on the country’s natural attractions. This article explores the details of the new visa program and its potential impact on the South African economy.
The recent BRICS summit in Kazan, Russia, has reignited discussions around de-dollarization, potentially impacting major currency-focused ETFs and raising concerns among US investors about the dollar’s future dominance in global trade. While immediate impacts are limited, the summit’s outcomes highlight a growing challenge to the dollar’s hegemony, raising questions about the future of US-dollar based investments.
A historic handshake between Indian Prime Minister Narendra Modi and Chinese President Xi Jinping on the sidelines of the BRICS summit has sparked hopes for a thaw in relations between the two Asian giants. The meeting, the first bilateral between the leaders since 2019, comes amidst a new border pact and signals a potential shift in the complex relationship between India and China. This analysis explores the significance of the meeting, examines the potential benefits for both nations, and analyzes the potential impact on the global geopolitical landscape.
