BRICS

Russia is set to launch two major cryptocurrency exchanges in Moscow and St. Petersburg as part of its strategy to enhance foreign economic activity and reduce dependence on the U.S. dollar. What Happened: The initiative also includes plans to develop a stablecoin pegged to the Chinese yuan,...

A leading commodities expert has poured cold water on the ambitions of BRICS nations to supplant the US dollar as the global reserve currency, dismissing the notion of “de-dollarization” as a myth. What Happened: Jeffrey Christian, founder of CPM Group, a commodities research firm, has...

Independent presidential candidate Robert Kennedy Jr. on Wednesday blamed the U.S. for the rising clout of the BRICS, an emerging markets alliance, and the increasing interest among global nations to join the coalition. What Happened: Reacting to a news story about 59 nations knocking at the doors...

U.S. Representative Marjorie Taylor Greene has raised alarms about the potential economic consequences for America as she claimed BRICS nations plan to move away from the U.S. dollar. On Wednesday, Greene tweeted that this shift could “destroy America's economy.” What Happened: The...

The BRICS nations are set to witness a significant surge in their millionaire population over the next decade, potentially challenging the dominance of the G7 countries. What Happened: The BRICS countries, which include Brazil, Russia, India, China, and South Africa, are projected to experience an...

Russia and India have announced a partnership to advance digital economy initiatives as part of BRICS international expansion efforts.  What Happened: "Both nations are united by a common goal of building the most modern infrastructure, creating a safe and comfortable urban...

How could Benzinga describe 2023? Much like our most popular article of the year (see below), it was on fire. Climate change caused fires and other natural disasters, people such as artificial intelligence whisperer and OpenAI co-founder Sam Altman were fired (and in his case, rehired), Elon...

The financial world witnessed significant developments this week. While the expansion of the BRICS consortium raised eyebrows regarding the global de-dollarization process, the Federal Reserve’s preferred inflation gauge cooled down, hinting at potential interest rate cuts in 2024. Amid all...

Former U.S. State Department official Thomas Hill warned that the expansion of the BRICS consortium could potentially speed up the global de-dollarization process, posing a significant concern for the U.S.. What Happened: The inclusion of new members in BRICS (Brazil, Russia, India, China, South...

The BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, has extended membership invitations to six more countries, in a bid to challenge the dollar’s supremacy and offer an alternative to the dominant Western world order. However, this can...

Nicholas Merten, the host of the popular YouTube channel DataDash, delved deep into the current state of Bitcoin and its potential trajectory, highlighting the failure of several bullish narratives that many believed would propel Bitcoin (CRYPTO: BTC) to new all-time highs. Merten pointed out...

An audacious call from Brazil President Luiz Inacio Lula da Silva for the BRICS nations to establish a shared currency has been met with skepticism.  Addressing a packed audience during the 2023 BRICS Summit in Johannesburg, South Africa, Silva argued that a common currency would insulate...

This week, the global economic landscape witnessed significant developments. From the BRICS summit’s discussions on de-dollarization to China’s measures to shield its economy, the world’s financial systems are in flux. Let’s delve into the top stories that made headlines....

The BRICS coalition of Brazil, Russia, India, China, and South Africa has concluded its latest summit in South Africa, adding six nations to its fold but without introducing a new currency to challenge the US dollar. Instead, members held contradictory views about de-dollarization, ...

The BRICS nations — Brazil, Russia, India, China and South Africa agreed to admit more members into the coalition.   More countries are waiting in the wings to join the group. What Happened: The BRICS summit was held in Johannesburg, South Africa, this week. Membership remains poised to expand to...