Putin Gives Dollar Shock To Trump; Big Announcement On Ditching U.S. Currency In BRICS Speech
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
35 minutes ago
- The Hindu
India will give a ‘new form' to BRICS grouping in 2026: PM Modi
India will attempt to give a 'new form' to the BRICS next year, said Prime Minister Narendra Modi in his intervention at the grouping's summit in Rio De Janeiro on Monday (July 7, 2025), as the Indian side prepared to take over the leadership of BRICS from current president Brazil. 'Under India's BRICS presidency, we will work to define BRICS in a new form. BRICS will mean Building Resilience and Innovation for Cooperation and Sustainability. Just as, during our G-20 chairmanship, we gave priority to the issues of the Global South in the agenda, similarly during our chairmanship of BRICS, we will take this forum forward in the spirit of people-centricity and humanity first,' said Mr. Modi speaking at the session on Environment, COP 30 and Global Health. Also Read: PM Modi at BRICS in Brazil LIVE updates on July 7, 2025 Mr. Modi dealt with a number of topics, including the post-pandemic recovery of the global economy and sought global cooperation in combating common threats and said, 'The COVID pandemic taught us that viruses do not come taking visas, and solutions, too are not chosen by looking at passports. The solution to common challenges is possible only through joint efforts.' Earlier, talking at a segment of the BRICS summit in Rio De Janeiro, Mr. Modi shared the Indian position on Artificial Intelligence and said, 'We in India believe in AI as a tool to enhance human values and capabilities. Guided by the mantra of 'AI for All', India is actively using AI in many sectors. We believe that AI governance, addressing concerns and encouraging innovation should both receive equal priority.' Mr. Modi also held a number of bilateral meetings on the sidelines of the BRICS summit. Among those who met the Indian Prime Minister were President Miguel Diaz-Canel Bermudez of Cuba, Prime Minister Anwar Ibrahim of Malaysia, President Yamandu Orsi of Uruguay and President of Bolivia Luis Alberto Arce Catacora. 'We talked about the need for improving and diversifying trade linkages on a priority basis. We discussed how we can collaborate in sectors such as digital technology, critical minerals, healthcare, space and more. Also conveyed my best wishes on the historic occasion of Bolivia's 200 years of Independence,' said Mr. Modi. Mr. Modl's participation in the closing day of the 17th BRICS summit will be followed by a state visit to Brazil that is scheduled to begin on 8 July at the Alvorado Palace. During his stay in Brasilia, Mr. Modi will hold restricted and delegation-level talks and attend a lunch hosted by President Luiz Inacio Lula da Silva. India and Brazil are expected to sign agreements following official talks.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Datanomics: Laying strong foundation Bric(s) by Bric(s) for global ties
Today, Brics represents approximately 49.5 per cent of the global population and around 40 per cent of the world's GDP premium Shikha Chaturvedi New Delhi Listen to This Article The 2025 Brics Summit concluded on Monday in Rio de Janeiro, Brazil. The meeting took place against the backdrop of global trade tensions such as United States President Donald Trump's tariff policies, highlighting Brics ambition to strengthen internal economic ties and offer an alternative vision for global cooperation. Brics now has 11 nations after six additional members -- Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates. Currently, Brics represents approximately 49.5 per cent of the global population and around 40 per cent of the world's gross domestic product (GDP). The intra-Brics trade was gradually growing during 2020-23
Mint
an hour ago
- Mint
Nirmala Sitharaman calls Brics key to reforming global order amid institutional crisis
Finance minister Nirmala Sitharaman reiterated India's support to Brics, or Brazil, Russia, India, China and South Africa, as a grouping, describing it as a vital platform for advancing inclusive multilateralism, especially when global institutions are facing a crisis of legitimacy and representation. Speaking at the Brics Finance Ministers and Central Bank Governors meeting in Rio de Janeiro, the finance minister said that Brics must lead by example by reinforcing cooperation, advocating credible reforms, and amplifying the voice of the Global South. Reflecting on the current trade environment where tariffs have become weapons to promote free and fair trade, she said India's policy response to trade and financial restrictions has focused on diversifying markets, promoting infrastructure-led growth, and implementing structural reforms aimed at boosting competitiveness and productivity. Sitharaman highlighted India's demonstrated resilience through a combination of strong domestic demand, prudent macroeconomic management, and targeted fiscal measures, the finance ministry said a post on social media platform X. The finance minister said that while South-South cooperation remains vital in advancing climate and development goals, the Global South should not be expected to carry the main burden of climate action, and the Brics countries are well placed to deepen cooperation on sustainable development. The finance minister also met finance ministers from various parts of the globe and reiterated the resolve to maintain Brics as a grouping that represents the voice of the Global South. The statements come at a time when US President Donald Trump has warned that countries which side with the policies of the Brics alliance that go against US interests will be hit with an extra 10% tariff.
