4 h. ago Brics leaders silent about Trump’s threat of more US tariffs on member nations

The leaders of Brics nations remained silent on Monday in the face of US President Donald Trump’s latest tariff threat against the bloc, offering no public response to what critics called an alarming act of economic intimidation. Trump said on Sunday that he would impose an additional 10 per cent tariffs on imports from Brics members and aligned countries that pursue what he called the group’s “anti-American policies” after Brics issued a leaders’ declaration condemning tariffs, unilateralism...

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4 h. ago Brazil’s Lula rebukes Trump on tariff threat as Brics bloc remains silent

Brazilian President Luiz Inácio Lula da Silva rebuked US President Donald Trump for his latest tariff threat against Brics nations on Monday, while the bloc as a whole offered no public response to what critics called an alarming act of economic intimidation. “I don’t think it’s very responsible and serious for a president of a country the size of the US to threaten the world over the internet – it’s not right,” Lula said during a news conference at the conclusion of the Brics leaders’ summit...

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7 h. ago Chinese AI scientists, Beijing’s message to Brics: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Trump vows tariff boost for ‘anti-American’ policies as China urges Brics action US President Donald Trump has threatened to slam an additional 10 per cent tariffs on countries supporting what he calls “anti-American policies” after the leaders of Brics nations condemned unilateral tariffs. 2. Australia’s Albanese to address Darwin Port sale on China...

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13 h. ago 'We do not seek confrontation': China responds to Trump’s threat to Brics; opposes 'tariffs being used as

'We do not seek confrontation': China responds to Trump’s threat to Brics; opposes 'tariffs being used as  Times of India

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14 h. ago Li Qiang urges Brics collective action as Trump tariff deadline looms

Chinese Premier Li Qiang has urged Brics nations to lead reforms of global governance, calling on member states to uphold independence and act collectively amid the threat of higher tariffs from the United States. “As the leading bloc of the Global South, Brics countries should strive to be a pioneering force in advancing the reform of global governance,” Li said in a speech at the Brics summit on Sunday. At an event widely seen as a direct challenge to the Western-led world order, the premier...

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14 h. ago As tariff truce deadline nears, China’s premier has a message for Brics nations

Chinese Premier Li Qiang has urged Brics nations to lead reforms of global governance, calling on member states to uphold independence and act collectively amid the threat of higher tariffs from the United States. “As the leading bloc of the Global South, Brics countries should strive to be a pioneering force in advancing the reform of global governance,” Li said in a speech at the Brics summit on Sunday. At an event widely seen as a direct challenge to the Western-led world order, the premier...

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19 h. ago Brics in push for UN to take lead on setting rules for artificial intelligence

Brics leaders have adopted a new declaration calling for the United Nations to take the lead in setting global rules for artificial intelligence, arguing that the fast-growing technology must not deepen inequalities between developed and developing nations. The statement, agreed late on Sunday at the summit in Rio de Janeiro, described AI as a “unique opportunity” for driving inclusive growth, innovation and sustainability but warned that without fair governance it could widen the digital...

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27 h. ago Brics leaders condemn strikes on Iran and tariffs, but avoid direct mention of US, Israel

Brics leaders meeting in Rio de Janeiro condemned recent bombing campaigns against Iran in their final summit statement, calling the strikes a “violation of international law” and “deliberate attacks” on civilian infrastructure, but avoided direct mentions of the US and Israel. The joint declaration, coming against the backdrop of US President Donald Trump’s threats to impose tariffs of 100 per cent on imports from Brics countries, underscores an apparent effort to state the members’ position...

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39 h. ago Brics leaders urge cohesion, trade and use of local currency to grow clout

Brics leaders have called for stronger cohesion, expanded trade and increased use of local currency to improve the Global South’s clout as an alternative to Western power, even as the bloc of emerging markets maintains ties and partnerships with wealthier countries. As two new members joined the New Development Bank, also known as the “Brics bank”, Malaysian Prime Minister Anwar Ibrahim told business leaders and investors on Saturday that this delicate balancing act and bid for greater momentum...

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63 h. ago ‘Brics bank’ blasts West ahead of leaders’ summit, China mute on tariffs

Brazilian President Luiz Inacio Lula da Silva and New Development Bank (NDB) president Dilma Rousseff accused the United States, its allies and the Western-dominated financial order on Friday of weaponising tariffs and sanctions. They also used the opening of the Brics bank’s annual meeting to call for new models of development and cooperation across the Global South. Speaking before finance ministers and governors from Brics nations and new members in Rio de Janeiro, Lula said the NDB was proof...

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3 d. ago HSBC offers Hong Kong SMEs a helping hand amid tariff turmoil

HSBC is launching a new education series to equip Hong Kong’s small and medium-sized enterprises (SMEs) with knowledge to help them maintain smooth business operations amid the threat of disruption from US tariffs. The city’s largest lender said the Account Fitness initiative would help SMEs effectively manage and maintain healthy accounts. “Many entrepreneurs of SMEs do not yet know how to take good care of the assets in their bank accounts,” said Frank Fang, general manager and head of...

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5 d. ago Questions loom at Brics Rio summit about group’s effectiveness

Brics country leaders are meeting for the bloc’s annual summit in Rio de Janeiro this week, as questions loom about the group’s effectiveness as a voice of the Global South and counterweight to the Washington-led coalition of developed economies. Against the backdrop of relentless tension that US President Donald Trump has injected into America’s trade policy, this year’s gathering on July 6 and 7 will test whether the bloc can present a unified front capable of countering Trump’s efforts to...

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