At the sidelines of the G7 Summit held in Italy’s Puglia region on June 14, Brazilian President Luiz Inácio Lula da Silva engaged in a bilateral discussion with Turkish President Recep Erdoğan. During the meeting, Erdoğan solicited Lula’s backing for Turkey’s aspiration to become a member of BRICS, an association initially composed of Brazil, Russia, India, China, and South Africa. The group later added Egypt, Ethiopia, Saudi Arabia, United Arab Emirates, and Iran to its membership in 2023. Assuring his support, Lula expressed his desire to tour Turkey, a country linking Europe and the Middle East. In return, Erdoğan confirmed…
Author: BRICS+ News Services
South Africa has officially ushered in a new era with the formation of a unity government, marking a significant change in the political landscape of the Rainbow Nation. The African National Congress, a party that had held an outright majority for three decades, lost its grip in the recent election. In a historic move, they have joined forces with their primary rival, the Democratic Alliance, in a coalition government. The parliament also reconfirmed Cyril Ramaphosa as the President of South Africa. In the words of DA leader John Steenhuisen, “Today, South Africa is a better country than it was yesterday.…
In a development echoing tensions of historical proportions, the Islamic Resistance of Iraq has affirmed their recent offensive against the Israeli regime with the release of an official statement. As reported by Iran Press/West Asia, the group substantiated claims that it had struck a significant target within the confines of Israel’s occupied port of Haifa. The attack, which took place on Saturday morning, utilized the advanced cruise missile, “Al-Arqeb.” Previous confrontations had been laced with warnings from the Islamic Resistance of Iraq cautioning the Israeli regime about the possible escalation of events. These warnings echoed the tensions of yesteryears, underscoring…
For three decades, I have had the privilege of knowing João Marcello Bôscoli and Pedro Mariano. Our first of many encounters took place in 1995 at the Mosh Studio in the Western Zone of São Paulo, just around the time the duo had inked a contract with record label Sony Music. I was well aware of the pedigrees they possessed as sons of a legendary singer. The strong persona of their mother, Elis Regina, had evidently rubbed off on both of them, albeit distinctly. João displayed the wit and charisma of his father, the celebrated journalist Ronaldo Bôscoli while Pedro…
The rise of founder-influencers in China’s business landscape is a notable trend that reflects the shifting dynamics of modern marketing strategies. Zhou Hongyi, co-founder of Qihoo 360, has embraced this trend by amassing millions of followers on social media platforms like Weibo and Douyin. Drawing inspiration from Elon Musk’s influential online presence, Zhou aims to leverage his personal brand to save his company considerable sums in advertising fees. Traditionally, Chinese entrepreneurs maintained a low profile, but a growing number are now actively seeking to build their personal brands through social media engagement. This new approach, marked by live streaming, blogging,…
In a move to liberalize its economy, the Ethiopian government has approved a decision allowing foreign banks to set up local subsidiaries by the cabinet on Friday. Ethiopia, a country with a population exceeding 100 million, has been a sought-after market for foreign investors after years of being closed off, as reported by Reuters. The International Monetary Fund projects that Ethiopia’s economy will surpass Kenya and Nigeria to become the second-largest in Sub-Saharan Africa. Apart from banking, Ethiopia is also opening up to foreign investment in other sectors like telecommunications, transportation, and aviation. The draft law, pending approval by lawmakers,…
The Egyptian economy is on the brink of collapse due to President Abdel Fattah el-Sisi’s economic policies, as warned by experts. Recent aid packages from the EU and IMF, totaling $51.1 billion, aim to provide a temporary respite to Egypt’s economic crisis. However, skeptics fear that without fundamental changes and reforms, the funds may be wasted. The key to economic recovery lies in reducing the state’s extensive economic role, particularly the army’s involvement in various sectors. Shifting to a flexible exchange rate and attracting investments is crucial for long-term growth. The recent devaluation of the Egyptian pound and interest rate…
Sophos, a renowned security solutions provider, has made a strategic move by appointing Joe Levy as the CEO of the company. Levy, who has been acting as CEO since February 15, has been instrumental in transforming Sophos into a global cybersecurity powerhouse during his nine-year tenure. Under Levy’s leadership, Sophos transitioned from a product-only vendor to a formidable player in the cybersecurity industry. He not only established an incident response team but also introduced a managed detection and response (MDR) service that safeguards over 21,000 organizations worldwide. Levy’s innovative approach also led to the creation of SophosAI and Sophos X-Ops,…
The United States and G-7 have recently unveiled additional economic sanctions against Russia in response to its invasion of Ukraine, further escalating measures already in place. Despite the economic pressures, the Russian economy is projected to experience a growth rate of 3.2 percent this year, surpassing the United States’ forecasted growth of 2.7 percent, as reported by the International Monetary Fund (IMF). This economic resilience displayed by Russia could be attributed to a strategic shift towards prioritizing military support within its economy. This trajectory is expected to be further reinforced under the leadership of Andrei Belousov, Russia’s newly appointed defense…
Thailand aims to heighten its global influence by pursuing membership in the BRICS association and the Organization for Economic Co-operation and Development(OECD). Maris Sangiampongsa, the Minister of Foreign Affairs, stated that this strategic move is aligned with Prime Minister Srettha Thavisin’s vision of expanding the nation’s engagement in global consortiums and addressing global issues holistically. The foreign minister shared these ambitions during the BRICS Dialogue with Developing Countries in Nizhny Novgorod, Russia. Sangiampongsa stated that Thailand’s enthusiasm to join BRICS stems from the group’s representation of promising emerging markets. He further added that being part of such a consortium would…