Latest news with #BRICSSummit2025
Hindustan Times
12 hours ago
- Business
- Hindustan Times
PM Modi in Brazil for BRICS Summit, Trump tariffs likely in group's focus
Prime Minister Narendra Modi arrived in Brazil on Sunday (Saturday evening local time) for the BRICS Summit 2025 in Rio de Janeiro after wrapping his Ghana and Trinidad and Tobago visits. Prime Minister Narendra has a packed agenda for the BRICS Summit 2025 in Brazil's Rio de Janeiro.(AFP) This is the fourth leg of PM Modi's five-nation tour, which began on July 2. Modi then landed in Argentina for the first visit by an Indian Prime Minister in over five decades. Now he is in Brazil, from where he will head to Namibia to cap off his longest diplomatic tour yet. The BRICS summit will be held without the presence of the two big bloc leaders. Chinese President Xi Jinping and Russian leader Vladimir Putin will not attend the meeting this year. However, the annual summit has a packed agenda. PM Narendra Modi in Brazil: India's BRICS agenda PM Narendra Modi's first priority is that the BRICS bloc of nations calls out terrorism in clear terms. The BRICS declaration in Rio de Janeiro is expected to condemn the Pahalgam terror attack, which took 26 lives, mostly of tourists, in the Jammu and Kashmir resort town of Pahalgam on April 22. India launched Operation Sindoor on May 7 in response to the attack, targeting terror infrastructure in PoJK and Pakistan. Apart from that, the BRICS summit is expected to adopt a framework for climate finance, collaboration on artificial intelligence, and a new health initiative aimed at reducing disparities. India is also pushing for trade settlement in national currencies, which would reduce the global South's dependence on the US dollar. BRICS on Trump tariffs BRICS leaders' meeting in Rio de Janeiro on Sunday is also expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy. Emerging nations, which represent about half the world's population and 40 percent of global economic output, have united over "serious concerns" about US import tariffs, according to a draft summit statement reported by AFP. The draft summit declaration does not mention the United States or its president by name, but leaders gathering for talks on Sunday and Monday could amend it. "We voice serious concerns about the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with WTO (World Trade Organization) rules," AFP quoted the draft text. The draft text warned that such measures "threaten to further reduce global trade" and are "affecting the prospects for global economic development."
Indian Express
12 hours ago
- Politics
- Indian Express
PM Modi Brazil Visit LIVE Updates: PM Modi greeted with Operation Sindoor-themed performance in Rio de Janeiro
PM Modi Brazil Visit Today LIVE News Updates: Upon arrival, Modi was welcomed by chants of "Bharat Mata ki Jai" from members of the Indian diaspora. He also received a ceremonial welcome with music and cultural performances. PM Modi Brazil Visit for BRICS Summit 2025 LIVE Updates: PM Modi Brazil Visit for BRICS Summit 2025 LIVE Updates: Prime Minister Narendra Modi arrived in Brazil on Sunday for a four-day visit to participate in the 17th BRICS Summit, scheduled for July 6 and 7. As he reached Rio on Saturday night, the Prime Minister was welcomed by the Indian community with a cultural performance based on the theme of Operation Sindoor. Modi's five-nation visit: Brazil is the fourth stop on Modi's five-nation tour. Before this, he visited Ghana, Trinidad and Tobago, and Argentina. In Argentina, Modi held wide-ranging talks with President Javier Milei and agreed to diversify two-way trade and ramp up cooperation in defence, critical minerals, pharmaceutical, energy and mining sectors. After Brazil, he will travel to Namibia as the final leg of his journey.
Indian Express
13 hours ago
- Business
- Indian Express
PM Modi Brazil Visit LIVE Updates: PM Modi greeted with Operation Sindoor-themed performance in Rio
PM Modi Brazil Visit for BRICS Summit 2025 LIVE Updates: PM Modi Brazil Visit for BRICS Summit 2025 LIVE Updates: Prime Minister Narendra Modi arrived in Brazil on Sunday for a four-day visit to participate in the 17th BRICS Summit, scheduled for July 6 and 7. As he reached Rio on Saturday night, the Prime Minister was welcomed by the Indian community with a cultural performance based on the theme of Operation Sindoor. Modi's five-nation visit: Brazil is the fourth stop on Modi's five-nation tour. Before this, he visited Ghana, Trinidad and Tobago, and Argentina. In Argentina, Modi held wide-ranging talks with President Javier Milei and agreed to diversify two-way trade and ramp up cooperation in defence, critical minerals, pharmaceutical, energy and mining sectors. After Brazil, he will travel to Namibia as the final leg of his journey.
India.com
14 hours ago
- Politics
- India.com
Where is Xi Jinping? Chinese president may skip BRICS Summit, was last seen on..., World leaders say...
(File) New Delhi: Chinese President Xi Jinping is one of the most powerful leaders in the world, who held power in China for many years. Xi Jinping's power and authority has today become unprecedented — it has never been challenged during this time. However, in recent times, Xi Jinping has been noticeably absent. His absence from several major events has surprised many, as he has not been seen participating in any of them. Xi Jinping to Skip BRICS Summit In a major development, reports suggest that Chinese President Xi Jinping will not be attending the BRICS Summit 2025. It is important to note that the BRICS summit is scheduled to be held in Brazil on July 6. Since 2012, Xi Jinping has been consistently participating in the summit. Keeping Distance from Chinese Media What's surprising is that while Xi Jinping might skip a conference once in a while, his presence is always felt in Chinese media. All the government mouthpieces there regularly feature his statements. But this time, he seems to be missing from even those outlets. What is the world saying? Global media is abuzz with speculation. Some reports suggest that Xi Jinping may be encountering serious challenges from opposition leaders, while others hint at health issues possibly linked to his advancing age. However, none of these claims have been officially verified, leaving an air of uncertainty not only within China but around the world. The last time Xi Jinping was seen was during his meeting with the Prime Minister of Singapore; he appeared before the media on June 24.
eNCA
14 hours ago
- Business
- eNCA
Is the BRICS Summit just talk - or is it delivering on its promises?
A banner of the BRICS summit is displayed at the Modern Art Museum (MAM) where the BRICS Summit 2025 will be held in Rio de Janeiro, Brazil on July 4, 2025. JOHANNESBURG - As global leaders gather once again for the BRICS Summit, questions are mounting over whether the annual event is producing meaningful results — or merely a stage for lofty declarations and diplomatic photo ops. The group is made up of founding members Brazil, Russia, India, China, and South Africa, and was formed to provide a counterweight to Western-dominated global structures. But nearly two decades since its inception, some still ask whether the bloc is achieving what it set out to do? This year's summit comes at a time when global inequality, trade tensions, and the energy transition are front and centre, especially for developing nations. For African countries and South Africa in particular, there's a growing interest in whether BRICS can do more than just talk. Is it able to shift trade patterns, increase investment and help the continent benefit from its vast resources? Brazil's President Luiz Inacio Lula da Silva speaks during the BRICS Business Forum in Rio de Janeiro, Brazil, on July 5, 2025. BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry Donald Trump's hardline trade policies, but are struggling to bridge divides over crises roiling the Middle East. Daniel RAMALHO / AFP Former Mauritian President Ameenah Gurib-Fakim believes it can. Speaking ahead of the summit, she noted that 'BRICS is not just about talk — it's about trading.' Her comments highlight a key success of the bloc. China, a founding BRICS member, has been Africa's largest trading partner for over 15 years, with trade between the two valued at more than $280 billion. There's also growing evidence that BRICS nations are bypassing traditional Western systems to trade in local currencies, promote cooperation in the Global South and fund infrastructure through the New Development Bank. And these are not small shifts — they point to a steady and measured transformation of global economic relationships. Attendees stand at the entrance to the BRICS Business Forum in Rio de Janeiro, Brazil, on July 5, 2025. BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry Donald Trump's hardline trade policies, but are struggling to bridge divides over crises roiling the Middle East. Daniel RAMALHO / AFP Despite its expansion, still the scepticism persists. The lack of binding agreements and divergent political systems within the bloc, and internal disagreements often raise doubts about the bloc's ability to act as a unified force. But critics may be overlooking a key point. BRICS was never designed to be a military alliance or a monolithic power bloc. Its strength lies in its ability to create space — for dialogue, for new partnerships and for reshaping the rules of global engagement on more equal terms. As the 2025 summit unfolds in Brazil, it's clear that BRICS still has a lot to prove. But the numbers, the deals, and the growing influence of its member states suggest that this is more than just a talking shop. For Africa — where the stakes of global inequality are most visible — BRICS remains a platform with the potential to shift outcomes, not just opinions.
