BRICS Nations

BRICS Nations Split on China’s BRI: Brazil Aligns with India in Chilling Beijing’s Hopes

As Chinese President Xi Jinping prepares for an official visit to Brazil on November 20, the South American nation has stirred significant international attention by formally rejecting China’s Belt and Road Initiative (BRI). With this move, Brazil becomes the second...
Algeria

Algeria Boosts Financial Ties with BRICS Nations with $1.5 Billion Investment in BRICS Bank

Algeria has announced plans to invest $1.5 billion to purchase shares in the BRICS New Development Bank (NDB) while pulling back its bid for full membership in the BRICS economic alliance. President Abdelmadjid Tebboune made these revelations during an interview...
BRICS countries

BRICS’ Potential to Drive De-Dollarisation and Prevent Global Dollar Crisis

The BRICS group, including Brazil, Russia, India, China, and South Africa, is leading the global effort towards de-dollarisation. As the US dollar dominates the global economy, BRICS nations are exploring ways to reduce their dependence on the dollar and promote...