New Delhi’s core demand: build alternatives that are interoperable and don’t just replace the US dollar with another hegemon

The 17th BRICS Summit concluded yesterday, attended by a delegation from the United Arab Emirates led by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi. During the summit,

Trump has threatened to impose 100% tariffs against the bloc if they take any moves to undermine the dollar. Last year, at the summit hosted by Russia in Kazan, the Kremlin sought to develop alternatives to U.S.-dominated payment systems which would allow it to dodge Western sanctions imposed after Russia’s invasion of Ukraine in February 2022

Leaders of the BRICS group of major emerging economies are meeting in the Brazilian metropolis of Rio de Janeiro on Sunday for a two-day summit. The BRICS acronym is derived from the initial letters of the founding member countries: Brazil,

Brazilian President Luiz Inácio Lula da Silva has praised Indonesia for its initiative in hosting the 1955 Asian-African Conference in Bandung, West

The Federal Government has taken a significant step in advancing its economic diplomacy in Brazil, as the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, participated in the Ogun State Investment Forum with the Brazilian business community.

Brazil hosts the second and final day of the 17th BRICS Summit in Rio de Janeiro on Monday. (AP video by Lucas Dumphreys)

After China & Brazil, Another BRICS Nation Slams 'Emperor' Trump For Trade War. Posted: 9 July 2025 \| Last updated: 9 July 2025. More