The Success of BRICS: Insights from the Brazilian Ambassador In a recent address, the Brazilian Ambassador delved into the growing significance and success of the BRICS group, which consists of Brazil, Russia, India, China, and South Africa. Formed in 2009, BRICS has gained relevance on the global stage, symbolizing a shift towards multi-polarity in international relations and serving as a counterbalance to Western dominance in global governance and economic affairs. The BRICS nations together represent over 41% of the world population, around 24% of the global GDP, and 16% of world trade, according to recent statistics. This economic clout gives…
Author: BRICS+ News Services
BRICS Nations Forge Ahead with Independent Financial System In a significant move towards financial autonomy, the BRICS economic bloc is laying the groundwork for a financial system free from third-party dominance. This initiative, spearheaded by the BRICS nations (Brazil, Russia, India, China, South Africa, Ethiopia, Iran, and Egypt), aims to create a robust framework for transactions using national currencies, thereby reducing reliance on the US dollar. During the 12th World Peace Forum held in Beijing recently, Russian Ambassador to China, Igor Morgulov, emphasized the strategic significance of this development. Highlighting the increasing volume of transactions in national currencies among BRICS…
Embracing Multipolarity: A New Era for Global Creative Industries In an era where global interactions and multipolarity are shaping international dynamics, creative industries are stepping into the spotlight as powerful agents of change. This evolution was the focus of a key session at the Russian Creative Week in Moscow titled “International Cooperation in the Creative Industries: New Opportunities for Creating Joint Products for the Global Market.” The discussion underscored the potential for cross-country and cross-disciplinary collaborations that can redefine global market trends. TV BRICS and the New Dawn of International Media Collaboration One of the highlights of the session was…
[ Kim Il Sung: The Legacy of a Leader Committed to Global Independence President Kim Il Sung devoted his life to the cause of global independence, leaving behind an enduring legacy of unwavering dedication and unmatched achievements. Amidst challenges faced by the independence movement towards the end of the last century, Kim Il Sung provided guidance and leadership that played a crucial role in navigating these tumultuous times. As the collapse of socialism and the resurgence of capitalism unfolded in certain parts of the world, imperialists proclaimed victory over socialism, spreading doubt and confusion among those who believed in the…
The Enduring Legacy of Dr. Ahmed Abdo Tarabik: Enhancing Azerbaijan-Egypt Relations Dr. Ahmed Abdo Tarabik, a distinguished Arab writer and researcher, has long championed Azerbaijan’s cause, lending his voice to the region’s historical and cultural narratives. His scholarly works and unwavering support have solidified his status as a key figure in bridging the gap between Azerbaijan and Egypt, especially in times of distress and conflict. This feature article delves into his contributions, ongoing work, and insights into the future of Azerbaijan-Egypt relations. A Scholar’s Journey: Spreading Truths About Azerbaijan Dr. Tarabik’s advocacy for Azerbaijan began with his seminal book, "Karabakh:…
Gokhale Institute of Politics and Economics Faces Scrutiny Over Vice-Chancellor Appointment Pune’s esteemed Gokhale Institute of Politics and Economics (GIPE) is embroiled in controversy following allegations of irregularities in the appointment of Ajit Ranade as vice-chancellor in February 2022. The University Grants Commission (UGC) has been spurred into action due to a complaint filed by former GIPE faculty member Murali Krishna. Krishna’s complaint questions whether Ranade’s selection met the eligibility criteria stipulated by UGC regulations. Background and Allegations Murali Krishna’s formal grievance filed on December 19, 2023, claims that Ranade did not meet the UGC requirement of having a minimum…
Escalating Tensions: Ukrainian Drone Debris Triggers Explosions in Western Russia KYIV, Ukraine – A series of explosions rocked a village in Russia’s Voronezh region on Sunday, prompting an evacuation after debris from a downed Ukrainian drone ignited a nearby warehouse, local authorities report. The incident underscores the escalating tensions and continuous conflict between Russia and Ukraine, particularly in areas close to their shared border. Social media platforms circulated footage showing ominous clouds of black smoke rising and a sequence of loud explosions, painting a grim picture of the incident. Governor Aleksandr Gusev confirmed that the falling wreckage set off a…
Saudi Arabia: Over 11,000 Government Employees Exit in Q1 2024 Riyadh, Saudi Arabia: In the first quarter of 2024, more than 11,000 government employees in Saudi Arabia have left their jobs, as revealed by recently released statistics from the Ministry of Human Resources and Social Development. The data specifies that 9,400 men and 2,100 women exited their positions during this timeframe. The reasons for departure are categorized into early retirement, resignations, cancellations, health disabilities, deaths, reaching retirement age, and other unspecified factors. The majority of those who left were Saudi nationals, alongside a notable number of employees from Syria, Pakistan,…
The Paradox of De-Dollarization: Why BRICS and Asian Countries Still Rely on the U.S. Dollar for Oil Trade Despite publicly championing the initiative to reduce reliance on the U.S. dollar, BRICS nations and other Asian countries continue to utilize the American currency for oil and gas transactions. The inconsistency between their de-dollarization rhetoric and actual practices underscores a complex economic landscape, revealing underlying challenges that prevent a swift departure from the U.S. dollar. The De-Dollarization Narrative In recent years, the BRICS coalition—comprising Brazil, Russia, India, China, and South Africa—has been vocal about its intentions to lessen dependence on the U.S.…
Chinese Geologists Discover Two New Rare Earth Minerals in Inner Mongolia In a breakthrough for the scientific community, Chinese geologists have unearthed two new minerals in the Bayan Obo deposit, the world’s largest reserve of rare earth metal ores. The discovery was shared by the Chinese Academy of Sciences through the Xinhua News Agency. The newly identified minerals, named oboniobite and sandio-fluoro-eckermannite, have been officially recognized by the International Mineralogical Association. These minerals contain the uncommon elements scandium and niobium, which are highly prized in various cutting-edge industries. Scandium and niobium are integral to multiple fields, including materials science, information…