When Politics Overrides Prudence In recent times, political decision-making has increasingly come under the microscope, revealing a disturbing trend where short-term political gains are prioritized over long-term socio-economic welfare. The Deccan Herald recently carried a thought-provoking article titled "When Politics Overrides Prudence," which provides a stark analysis of this phenomenon. Context and Background The article takes a closer look at a series of political decisions in India that have raised eyebrows among critics and citizens alike. For instance, the government’s move to roll out large-scale infrastructure projects amid looming financial constraints has sparked debates. Critics argue that these projects, while…
Author: BRICS+ News Services
Russian Fighters Scramble to Intercept US Bombers Near Barents Sea In a tense encounter emblematic of the escalating confrontations between global superpowers, Russian fighter jets were scrambled over the weekend to intercept two American B-52H strategic bombers nearing the Russian border over the Barents Sea. According to a statement by Moscow’s defense ministry, the Russian jets involved were MiG-29 and MiG-31 fighters. The incident, announced on Russia’s favored social media platform, Telegram, took place on Sunday. As the Russian fighters approached, the US bombers reportedly turned away from the State Border of the Russian Federation, preventing further escalation. This event…
Non-Oil Activities Propel Saudi Arabia’s Economic Diversification Riyadh, July 18, 2024 – Saudi Arabia’s economy is experiencing a significant transformation, with non-oil activities now contributing 51% to the total real GDP. This figure is projected to rise to 65% by the end of the decade, reflecting the Kingdom’s efforts to diversify its income sources and enhance human capital development in line with Vision 2030. Saudi Arabia is not only advancing in cleaner hydrocarbon energy production but is also emerging as a leader in renewable energy sectors, including green hydrogen, solar, and wind. A notable milestone is the establishment of the…
BRICS Poets Unite with Chinese Literature in a Celebratory Symposium In an exemplary showcase of cultural and literary diplomacy, poets from BRICS nations, namely Brazil, Russia, India, China, and South Africa, recently converged to partake in a symposium dedicated to Chinese literature. Orchestrated by CGTN, the event stood as a testament to the power of poetry in bridging geographical boundaries and fostering mutual understanding. The symposium, aptly titled "Poetry, Everywhere! BRICS Poets Meet Chinese Literature," was a poetic mosaic reflecting the diverse yet interconnected experiences of the participating nations. Renowned poets from the BRICS countries, each bringing their unique linguistic…
Global Markets Brace for Volatility as Asian Shares Set to Decline As the week draws to a close, Asian shares are on track to finish with significant losses, reflecting a broader trend of economic uncertainty that is unsettling investors globally. Despite some signs that central banks around the world are beginning to ease interest rates, the overall sentiment in financial markets remains bearish. The turbulence in Asian markets appears to be influenced by multiple factors, including concerns over global economic growth and the impact of rising inflation. Key economic indicators from China and Japan have shown slower growth, contributing to…
Donald Trump Reshapes Republican Party Platform Ahead of 2024 Election As the 2024 Republican National Convention (RNC) kicked off in Milwaukee, a significant shift in strategy was unmistakable. Former President Donald J. Trump made it clear that he was looking to transform the Republican Party platform, marking a notable departure from previous years. The Drive for Change In the run-up to this year’s RNC, delegates who arrived early with plans to draft a comprehensive document outlining party principles found themselves navigating a new reality. Trump’s influence loomed large over the preparations, signaling his intent to reshape the party’s core values…
Global IT Outage Disrupts Brazilian Industries: A Stark Reminder of Tech Reliance A major IT outage on Friday, instigated by a flawed software update from the well-known cybersecurity firm CrowdStrike, has reverberated across multiple sectors in Brazil, including businesses, banks, and airports. While the presidential press office confirmed that the Gov.br platform, integral for millions of Brazilians accessing various public services, remained unaffected, the ripple effects were widespread. Immediate Effects and Government Response Early on Friday, Brazil’s Supreme Court experienced disruptions in its systems. Nevertheless, the court reported that most services had been swiftly restored. Concurrently, the federal government’s Digital…
China’s Communist Party Concludes Policy Meeting Amid Growing Global Uncertainties The Chinese Communist Party (CCP) has wrapped up a significant policy meeting amid an atmosphere of growing global uncertainties. This comes at a time when China’s influence has been expanding, particularly through the Belt and Road Initiative (BRI), and as the nation grapples with the complexities of transnational corruption and legal loopholes that hinder the extradition of corrupt officials and economic criminals who have fled overseas. The Anti-Corruption Campaign The anti-corruption efforts within China have been sweeping, particularly highlighted during the recently concluded third plenum of the party’s top policymaking…
[ Chef Fariyal Abdullahi: A Culinary Maestro Blending Cultures and Giving Back In recent years, the culinary world has been abuzz with the remarkable talents of Chef Fariyal Abdullahi, a rising star with Ethiopian roots making waves in the gastronomic scene. Her journey from child psychologist to renowned Executive Chef at Hav & Mar in New York City is not only a testament to her skills but also a story of passion and perseverance. Abdullahi’s culinary style is a unique fusion of classical French and Scandinavian techniques with the vibrant flavors of Ethiopian cuisine. This innovative approach has garnered her…
Egypt’s Economic Crisis and the New Administrative Capital Megaproject: An Ambitious Vision Amid Turbulence Egypt, with its storied history and cultural heritage, now finds itself grappling with one of its most severe economic crises in decades. As the nation faces rising inflation, a depreciating currency, and mounting debt, the International Monetary Fund (IMF) is stepping in to negotiate a multi-billion dollar loan to stabilize the situation. But even with international assistance, concerns loom over whether Egypt’s economy is too big to fail. The New Administrative Capital: A Symbol of Ambition One of the most striking symbols of Egypt’s current economic…