17 h. ago Rio de Janeiro seeks to become Brics diplomatic hub with headquarters proposal

Rio de Janeiro is seeking to be home to the permanent headquarters of Brics, the economic bloc of emerging nations that currently has no official base of operations. Rio’s mayor, Eduardo Paes, delivered a letter of intent to Brazilian President Luiz Inácio Lula da Silva following the Brics 2025 summit held at the city’s Museum of Modern Art earlier this week. Founded in 2009, Brics – whose membership now includes Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South...

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3 d. ago ‘Very optimistic’: Indonesia vows to press on with US talks despite 32% tariff

Indonesia has vowed to press on with negotiations despite US President Donald Trump’s decision to maintain 32 per cent tariffs on the country, even as it intensifies diplomatic efforts to seek alternative export markets, including fellow members of the Brics bloc. The Southeast Asian nation is one of 14 countries notified by Trump via letters on Monday that the unilateral tariffs he announced in April would take effect on August 1. Trump delayed the levies’ implementation by 90 days to allow...

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5 d. 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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5 d. 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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5 d. 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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7 d. ago Brazil blasts the West ahead of Brics summit, while China avoids talk of tariffs

Brazilian President Luiz Inacio Lula da Silva and New Development Bank (NDB) president Dilma Rousseff accused the US, 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 that...

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7 d. 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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9 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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2 w. ago Xi may skip Brics, Li Qiang’s speech at ‘Summer Davos’: 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. In a first, Xi will miss Brics in Rio as Li leads China delegation: sources Chinese President Xi Jinping will not attend next week’s Brics summit in Rio de Janeiro, marking his first-ever absence from the gathering of leading emerging economies, the Post learned from multiple sources. 2. White House clarifies Trump’s comment on China buying Iranian oil US...

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2 w. ago In a first, Xi will miss Brics in Rio as Li leads China delegation: sources

Chinese President Xi Jinping will not attend next week’s Brics summit in Rio de Janeiro, marking his first-ever absence from the gathering of leading emerging economies, the Post learned from multiple sources on Tuesday. According to officials familiar with the matter, Beijing told the Brazilian government that Xi had a scheduling conflict. Instead, Premier Li Qiang is expected to lead the Chinese delegation, as he did at the G20 summit in India in 2023. Chinese involved in preparations, they...

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