Latest news with #developingNations
Yahoo
08-07-2025
- Politics
- Yahoo
Growing pains and absent leaders hang over Brics summit
The Brics bloc of developing nations likes to boast that it represents nearly half the world's population, but its annual summit this
Zawya
07-07-2025
- Business
- Zawya
Malaysia to maintain independent economic policy after Trump threat of tariff on BRICS countries
Malaysia maintains an independent foreign and economic policy and is focused on trade facilitation not ideological alignment, its trade ministry said on Monday, in response to U.S. President Donald Trump's threat of an additional 10% tariff on BRICS- aligned countries. Malaysia was accepted as a partner country to the BRICS group of developing nations last October. (Reporting by Danial Azhar; Editing by Bernadette Baum)
Yahoo
06-07-2025
- Business
- Yahoo
Growing pains and absent leaders hang over Brics summit
The Brics bloc of developing nations likes to boast that it represents nearly half the world's population, but its annual summit this Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Herald
04-07-2025
- Business
- The Herald
Brics to launch guarantee fund to boost investment in member nations, sources say
The Brics group of developing nations is set to announce a new guarantee fund backed by the New Development Bank (NDB) to lower financing costs and boost investment, two people familiar with the matter told Reuters. The initiative, modeled on the World Bank's Multilateral Investment Guarantee Agency, aims to address global investment shifts amid uncertainty surrounding US economic policy, the sources said on condition of anonymity. Brazilian officials view the fund as the centerpiece of the Brics financial agenda during the country's rotating presidency. The fund is expected to be mentioned in the joint statement at the Brics summit in Rio de Janeiro next week, said the sources. Originally formed by Brazil, Russia, India and China, the Brics group later added South Africa and recently expanded to include other developing nations to increase its influence in global governance. The proposed Brics multilateral guarantee mechanism, incubated within the NDB, has received technical approval from member states and awaits final signoff from Brics finance ministers, considered a formality, one source said. Brazil's finance ministry declined to comment on the matter.
Bloomberg
20-06-2025
- Science
- Bloomberg
Trust in AI Strongest in China, Low-Income Nations, Study Shows
A United Nations study found a sharp global divide on attitudes toward artificial intelligence, with trust strongest in low-income countries and skepticism high in wealthier ones. More than 6 out of 10 people in developing nations said they have faith that AI systems serve the best interests of society, according to a UN Development Programme survey of 21 countries seen by Bloomberg News. In two-thirds of the countries surveyed, over half of respondents expressed some level of confidence that AI is being designed for good.
