Members of the Brics nations logged into a virtual summit on Monday, convened by Brazilian President Luiz Inacio Lula da Silva, intending to take a defiant stand against US President Donald Trump’s escalating trade war. Instead, the quickly assembled outing became an exercise in caution, as the bloc’s heavyweights, Brazil and India, sought to steer…
On his state visit to Russia this week, the first ever by a Malaysian king, Sultan Ibrahim Iskandar praised President Vladimir Putin’s leadership, signalling a deepening partnership between two nations increasingly seeking trade and diplomatic ties free from Washington’s influence. Kuala Lumpur has for months now been seeking to expand its trade partnerships, searching for…
May 24, 2025 Amid rising geopolitical tensions and discussions on de-dollarisation, Hong Kong’s financial system is playing a pivotal role in promoting the internationalisation of the yuan. As reported by the South China Morning Post, the yuan’s potential to expand its global footprint is being explored by international businesses, particularly in Qatar. The affluent Middle…
New Delhi: US President Donald Trump on Friday issued a warning to BRICS nations, threatening 100 per cent tariffs on their exports if they attempt to replace the US dollar as the dominant currency in international trade. Trump has repeatedly expressed his stance against de-dollarisation, warning that BRICS countries must maintain the US dollar’s role…
Africa’s top lenders are opening branches in major Chinese cities in a race to tap into growing trade ties between China and Africa amid Beijing’s push for yuan-based transactions. This is despite threats from the US, where president-elect Donald Trump has said he will impose 100 per cent tariffs on Brics countries that pursue de-dollarisation….