Despite their troubles the five countries have built something solid
Tag: BRICs
The beleaguered BRICS can be proud of their bank
AS STORM clouds gather over emerging markets, the BRICS countries that were supposed to be the building blocks of a new globalised economy are instead in various degrees of trouble. Brazil and Russia are recovering only slowly from downturns. A sharp fall in the rupee reflects jitters about India. China is mired in a trade […]
Turkey wants to join BRICS because it's disappointed in NATO and EU – analysts
By floating the idea of Turkey joining BRICS, Turkish President Recep Tayyip Erdogan seeks to diversify Ankara’s foreign policy, with its EU membership bid long stalled and relations with the US on the rocks, analysts told RT. The Turkish President has suggested that the leaders of the five-member BRICS bloc (Brazil, Russia, India, China and […]
Talk Turkey: Erdogan suggests adding ‘T’ to BRICS
Turkish President Recep Tayyip Erdogan has called on leaders of BRICS nations (Brazil, Russia, India, China and South Africa) to allow Turkey’s accession to the group. “We are in the G20 with five of those countries. I wish they would take the necessary steps to let us in and we could take our place in […]
Majority of Russians support ‘own internet’ for BRICS nations
More than half of Russian citizens approve of a separate internet for the BRICS economic bloc, saying that the idea could boost the security of users’ personal data and help counter hostile propaganda. Read more According to research released by the state-run polling agency VTSIOM on Monday, the idea of a separate internet for BRICS […]
Another BRICS country cracks down on virtual currencies
Brazil has joined fellow BRICS members China and India in taking a tough line on cryptocurrencies by banning them from the country’s financial markets. Read more The South American country’s securities regulator has prohibited local investment funds from buying digital cash, Reuters reports. Cryptocurrencies cannot be considered financial assets, the regulator ruled. Earlier in December, […]
Russia suggests creating single virtual currency for BRICS and EEU
Published time: 28 Dec, 2017 12:36 Edited time: 28 Dec, 2017 12:37 An initiative to create a joint digital currency for BRICS countries and the Eurasian Economic Union (EEU) has been proposed by the Central Bank of Russia, according to its First Deputy Governor Olga Skorobogatova. Read more She said the issue of a common […]
Russia to launch ‘independent internet’ for BRICS nations – report
Published time: 28 Nov, 2017 10:00 The Russian Security Council has asked the country’s government to develop an independent internet infrastructure for BRICS nations, which would continue to work in the event of global internet malfunctions. Read more The initiative was discussed at the October meeting of the Security Council, which is Russia’s top consultative […]
BRICS countries considering own cryptocurrency as settlement mechanism
Published time: 4 Sep, 2017 14:14 The BRICS Finance Committee is discussing a joint virtual currency for the five nation bloc of developing economies, according to the Russian Direct Investment Fund (RDIF) chief Kirill Dmitriev. Read more During the BRICS Summit in Xiamen, Dmitriev told journalists that Brazil, Russia, India, China and South Africa could […]
BRICS summit kicks off in China amid tensions on Korean Peninsula
Published time: 4 Sep, 2017 11:00 The leaders of Brazil, Russia, India, China and South Africa have arrived for a three-day summit in the Chinese city of Xiamen. The BRICS countries of developing economies seek greater say in global affairs. While the meetings have focused on economic links among BRICS members and global partners, the […]
