India’s Cultural Economy: A Cornerstone of Sustainable Development Unveiled at the Maitri Cultural Economy Summit 2024 In a landmark event, the Maitri Cultural Economy Summit 2024 was convened recently at Le Meridian in New Delhi, attracting significant attention from policymakers, scholars, and cultural advocates. Organized by the Maitribodh Parivar, the summit has laid a critical foundation for recognizing the symbiotic relationship between culture and economic growth as a driving force for India’s future. A Cultural and Economic Nexus Union Law Minister Arjun Ram Meghwal and BJP national spokesperson Gopal Krishna Agarwal were among the distinguished speakers. The opening session was…
Author: BRICS+ News Services
Catastrophic Attack on Okhmatdyt Children’s Hospital Marks Dark Day in Kyiv Overview On a tragic Monday morning, Kyiv’s heart was shaken by a relentless barrage of Russian missiles, transforming the Ukrainian capital into a scene of calamity. As the first air raid sirens blared at 9:52 a.m., residents scrambled to shelters, underscoring the grim reality of war that has persisted for over two years since Russia’s full-scale invasion in February 2022. This recent assault proved to be particularly devastating, culminating in the death of at least 22 people in Kyiv and injuring 136 across Ukraine, making it one of the…
Saudi Arabia Pursues Diversified Security Alliances Amid Shifting Global Dynamics ANKARA/BEIJING – Saudi Arabia is actively seeking to diversify its security alliances, aiming to reduce its dependency on US arms exports. Following a visit to Beijing, Saudi Arabia’s Defence Minister, Khalid bin Salman, arrived in Ankara for closed-door meetings with Turkish President Recep Tayyip Erdogan and Defence Minister Yaşar Güler. The discussions centered on forging new agreements to bolster the defence capabilities of both nations and ensure regional stability. Strategic Diversification in Defence Saudi Arabia’s effort to diversify its defence funding sources is a strategic imperative, given its pivotal role…
Differences Between BRICS, BRICS+ and Their Benefits for Bangladesh In recent years, the terms BRICS and BRICS+ have become prominent in discussions about global economic dynamics and emerging markets. As Bangladesh seeks to bolster its position on the world stage, understanding these alliances and their potential advantages is crucial. What is BRICS? BRICS is an acronym representing five of the world’s significant emerging economies: Brazil, Russia, India, China, and South Africa. The group was first consolidated as BRIC in 2006, with South Africa joining in 2010 to form BRICS. This coalition was established to foster economic cooperation, enhance trade relations,…
AutoZone Enters Business Rescue Amid South Africa’s Economic Strain AutoZone, South Africa’s largest privately owned automotive parts retailer, has entered business rescue, citing an inability to manage its escalating debt amid the country’s challenging economic conditions. With operations headquartered in 190 leased locations and a workforce exceeding 1,450 employees, the company has become a significant player in the South African automotive market. The financial distress announcement, filed with the Companies and Intellectual Property Commission (CIPC) on July 5, reveals that AutoZone has struggled significantly since a private equity transaction in 2014. Expectations set by this transaction were not met, leading…
Russia Congratulates Iran on Successful Elections, Anticipates Strengthened Bilateral Ties In a nod to burgeoning diplomatic relations, a Russian diplomat has congratulated the people and leadership of the Islamic Republic of Iran on their recent successful elections. This development marks a significant moment in the international landscape, reflecting the strengthening bonds between Russia and Iran. "The people and leadership of the Islamic Republic have our congratulations on the successful elections," said the diplomat. This sentiment underscores a spirit of mutual respect and cooperation that has been growing over recent years. The elections in Iran, which were held smoothly according to…
Brazil Achieves Cotton Export Milestone Ahead of Schedule, Overtakes the United States Brazil is poised to surpass its 2030 cotton export target this month, reaching an impressive 2.7 million metric tons, several years ahead of schedule. This accomplishment not only catapults Brazil to the forefront of the global cotton market but also displaces the United States as the world’s leading cotton exporter. The announcement was made by Carlos Fávaro, Brazil’s Minister of Agriculture and Livestock, during the launch of the 2024–25 Agricultural Plan. This achievement is a testament to the strategic vision set in motion 25 years ago, incorporating significant…
U.S.-China Economic Relations: Insights from Jay Shambaugh As global economies increasingly intertwine, the economic relationship between the United States and China remains a focal point of international interest. Recently, Jay Shambaugh, a distinguished economist and scholar, provided valuable insights during a session hosted by the Council on Foreign Relations. In examining the intricate dynamic between the world’s two largest economies, Shambaugh emphasized the complexities and opportunities that define U.S.-China economic relations. Historical Context The trajectory of U.S.-China economic relations has been marked by phases of cooperation, competition, and tension. During the early 2000s, China’s accession to the World Trade Organization…
[ Unveiling the Enigmatic Legacy of the TPLF in Tigray: A Historical Perspective The Tigray People’s Liberation Front (TPLF) has long been a central figure in the political landscape of the Horn of Africa. This enigmatic entity has been the subject of intense scrutiny and diverse portrayals, with allies and adversaries alike painting it with contrasting brushes. To gain a more nuanced understanding of the TPLF, it’s crucial to delve into its historical roots and evolution over the decades. The formation of the TPLF traces back to the turbulent student movements of the 1950s and 1960s in Ethiopia. Tigrayan students,…
Egypt’s National Dialogue Addresses Economic Crisis Amid Rising Prices and Inflation Egypt’s National Dialogue has launched its second round of sessions, turning a critical eye toward the country’s ongoing economic crisis. With high prices, rampant inflation, and escalating public debt as central themes, the urgent need for viable solutions has never been more pronounced. On Monday, closed sessions focusing on economic issues commenced, featuring robust participation from government officials and experts alike. The opening day was packed with three intensive discussions. The first session honed in on inflation and market instability, the second on production and export challenges, while the…