Good morning. Vladimir Putin is gathering allies at the BRICS summit to show the West that he’s no pariah. HSBC appoints a new Chief Financial Officer and simplifies its organization. And read the Big Take that delves into the Amazon’s relentless poverty cycle. Listen to the day’s top stories.
The Russian president will play host to the country’s biggest gathering of world leaders since the invasion of Ukraine in Kazan. The Kremlin is seizing its opportunity to cast Putin as standing up to the US and its allies. He will talk to India Prime Minister Narendra Modi and Chinese President Xi Jinping today. Earlier, the two Asian nations ended a four-year border stalemate, paving the way for a possible meeting between the leaders at the summit.