BRICS member China’s new payment system, named Cross-Border Interbank Payments System (CIPS), is taking the financial world by storm. The CIPS payment system now supports international transactions in the Chinese…
Countries against BRICS currency are forming an unprecedented coalition right now, and more than a dozen major nations including the United States, United Kingdom, Japan, and Germany have aligned to…
US President Donald Trump has issued serious warnings about nations joining the BRICS economic bloc, and he’s threatening to impose tariffs on countries that pursue this path. During a bilateral…
During the SCO Summit 2025, BRICS member China laid out a plan to the Eurasian member countries to launch a New Development Bank, where loans can be disbursed in local…
China is refusing to buy US soybeans and has cut imports due to the tariffs and trade wars. The Communist country has not booked a single shipment from US suppliers…
BRICS nations have accumulated over 6,000 tons of gold by 2025, and this represents about 20-21% of what central banks hold globally right now. Russia leads the way with 2,335.85…
Palestine applied to join the BRICS alliance but received no response from the bloc yet. During a media inquiry in Beijing, the Chinese Foreign Ministry’s spokesperson Guo Jiakun was pressed…
BRICS nations are moving away from the US dollar in trade right now, and it’s happening faster than most people expected. Russian oil deals that used to rely on dollars…
The Prime Minister of India, Narendra Modi, has invited BRICS countries to adopt the Unified Payments Interface (UPI) systems. UPI is among the most successful payment methods, providing smoother and…
Myanmar has officially expressed interest in joining BRICS, confirmed Kan Zaw, the Minister for Investment and Foreign Economic Relations. This comes after Laos announced that it wants to be a…