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For Brics, it’s a big leap from talk shop to institution of power

“Golden brick countries” – that’s how Brics is translated in Chinese, a name that speaks volumes about its founding aspirations. But as the expanded bloc emerged from its Rio de Janeiro summit, it projected something more potent than aspiration. The message was loud and clear: the era of unipolar global dominance is drawing to an end. Brics leaders spoke with growing confidence, condemning “coercive” economic tactics, effectively calling for de-dollarisation and rejecting US...


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