Newly-Elected Iranian President Advocates for Unified Muslim Front in Meeting with Yemen’s Ansarullah Spokesman In a significant diplomatic encounter, Iran’s newly-elected president met with Mohamed Abdel-Salam, the spokesman for Yemen’s Ansarullah resistance movement, in Tehran. The meeting underscored the pivotal geopolitical relationships in the Middle East and highlighted the potential for increased cooperation between Iran and Yemen. Yemen’s Support for Palestine During the meeting, the Iranian president praised Yemen’s actions in support of the Palestinian cause. He noted that these actions have effectively exerted pressure on the Zionist entity and its supporters. This acknowledgment comes amid heightened tensions in the…
Author: BRICS+ News Services
Tech Roundup: The Rise of Starlink in Brazil Introduction to Starlink in Brazil The rapidly evolving landscape of technology and innovation in Brazil has experienced a significant development with the rise of Starlink, Elon Musk’s satellite internet venture. Last week, Brazil’s telecommunications regulator, Anatel, initiated a public consultation to deliberate the potential expansion of Starlink’s satellite constellation by an additional 7,500 satellites. This move builds upon the current authorization, which encompasses 4,408 satellites operating through 2027. Regulatory Moves and Expansion Plans Starlink’s journey in Brazil mirrors its global ambitions. In 2022, Anatel granted the company permission to deploy its initial…
The Trump-Vance Rhetoric: Revisiting an Old Mindset in a New Era In a remarkable twist of fate, former U.S. President Donald Trump has resurfaced as a political heavyweight, shrugging off near-death experiences and reinvigorating his supporter base. Alongside him, J.D. Vance, a U.S. senator from Ohio and author of the critically acclaimed memoir, Hillbilly Elegy, forms a dynamic, albeit nostalgic, duo focused on catering to the discontented American working class, particularly those in the rust-belt states. Assembling second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, the image captures the dichotomy of modern American industry—innovative yet…
[ The Democratic People’s Republic of Korea (DPRK) is celebrating July 27th as a momentous victory in the country’s history, with events honoring the defenders of the nation during the 1950s. This celebration marks the 71st anniversary of the victory in the Fatherland Liberation War, a significant date for the country. Kim Jong Un, the general secretary of the Workers’ Party of Korea and president of the State Affairs of the DPRK, presided over a meeting with war veterans and individuals of wartime merits in Pyongyang. The event saw enthusiastic applause for the veterans and their courageous contributions to defeating…
Egypt’s Economic Prospects: Revised IMF Agreement Promises New Financial Lifeline In a significant development amidst escalating economic challenges, Egypt has secured a preliminary agreement with the International Monetary Fund (IMF) to revise the terms of its existing loan arrangement. This agreement includes the immediate devaluation of the Egyptian pound and a considerable increase in the financing program, from the initial $3 billion to potentially $7 billion or more, coupled with an extension of its duration. Devaluation Drive A critical component of this agreement is the swift devaluation of the Egyptian pound. This strategic move aims to bridge the gap between…
Varun Beverages Q2 Results Highlight Impressive Performance and Strategic Growth Plans July 30, 2024 / 12:38 PM IST Varun Beverages Limited, one of the largest franchisees of PepsiCo in the world, announced a stellar performance for the second quarter of the calendar year 2024. Led by Chairman Ravi Jaipuria, the company has reported a consolidated sales volume growth of 28.1%. This growth includes contributions from its acquisition of BevCo, marking a significant improvement in the company’s financial health and market reach. Domestic Market Boosts Growth The robust performance was largely driven by a 22.9% volume growth in India, attributed to…
Labour’s Rachel Reeves Slams Tories for Fiscal Mismanagement, Announces Tough Measures to Curb Spending Rachel Reeves, the newly appointed Chancellor of the Exchequer, has sharply criticized the Conservative Party for their handling of the UK’s finances, accusing them of “ducking” hard choices and allowing public spending to spiral out of control. Addressing Parliament on Monday, Reeves revealed that public spending is projected to go £22 billion ($28 billion) over budget this year, attributing the overspend to Tory financial mismanagement. Reeves assumed her role as finance chief after Labour’s resounding victory in the general election earlier in July, which ended 14…
BRICS Alliance Fuels Global De-Dollarization Movement: Zambia Takes Bold Steps Towards Economic Independence In recent years, the BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, has emerged as a formidable force advocating for de-dollarization – the weakening reliance on the US dollar for international trade. This initiative has not only garnered significant attention but has also inspired various developing nations in Africa and Asia to explore the potential benefits of trading in local currencies. Among the latest to join this movement is Zambia, signaling a significant shift in its economic strategy. Zambia’s De-Dollarization Ambitions: A Closer Look…
Global Trade Representatives Gather in the US to Promote African Economic Growth In a pivotal move to bolster economic relations and trade opportunities between the United States and Africa, various trade representatives convened for the 21st Africa Growth and Opportunity Act (Agoa) Forum. Held from July 22 to July 26 in the United States, the forum assembled key stakeholders, including South Africa’s Minister of Trade, Industry, and Competition, Parks Tau, and Deputy Minister Andrew Whitfield. The Significance of Agoa Established into law in 2000, the Africa Growth and Opportunity Act (Agoa) aims to facilitate trade between sub-Saharan African countries and…
Iran’s New President Pezeshkian Takes Office with High Hopes from UN Chief Guterres In a notable development, the United Nations Secretary-General António Guterres has extended a welcoming message to Iran’s newly elected President, Pezeshkian, emphasizing the importance of cooperation to address regional challenges and advance global peace. UN Anticipates Active Collaboration with Iran Guterres expressed that the United Nations eagerly anticipates working closely with Iran under Pezeshkian’s leadership to tackle significant regional crises. According to Guterres, Iran’s strategic position and influence in the Middle East make its cooperation vital for maintaining stability and averting new conflicts that could potentially jeopardize…