News with the tag "BRICS"

A new theory circulating within the cryptocurrency community suggests that the BRICS nations—Brazil, Russia, India, China, and South Africa—may be laying the groundwork for a revolutionary global financial system powered by XRP. The idea was recently highlighted by WF in a post on X , sparking consi...

The nation of Saudi Arabia is reportedly forgoing formal membership in the intercontinental economic alliance BRICS as a means of avoiding antagonizing the US. According to a new report by Reuters, two anonymous sources familiar with the matter say that Saudi Arabia – which was invited to BRICS in 2...

Geopolitical shifts often send ripples through global markets, and the world of digital assets is no exception. While the focus is often on regulatory news or technological advancements, understanding the broader macroeconomic and geopolitical landscape is absolutely crucial. That’s why a recent hig...

Russian President Vladimir Putin and Chinese President Xi Jinping launched bilateral meetings in Moscow this week, at a time when China is holding talks with the West to cool down trade tensions. Both leaders seemingly want to improve the productivity of their alliance and reduce their reliance on t...

Chinese President Xi Jinping underscored BRICS’ New Development Bank (NDB) as a crucial emerging force in the global financial system during discussions with NDB President Dilma Rousseff. He emphasized that the NDB, spearheaded by BRICS nations, embodies the growing leadership of developing economie...

BRICS is surging ahead with unstoppable momentum, rapidly abandoning the U.S. dollar, building resilient payment systems, and forging a historic new economic frontier beyond Western control. Lavrov Confirms BRICS Ditching US Dollar Fast Russian Foreign Minister Sergey Lavrov has highlighted the grow...

Venezuelan Foreign Minister Yvan Gil stated that this new state of affairs in international trade was possible due to the push that Russia and the BRICS bloc exerted to bypass the U.S. dollar. Venezuelan Minister Yvan Gil: 25% of Trade Can Be Completed Away From the Dollar International trade market...

BRICS will prioritize secure, transparent payment systems this year under Brazil’s leadership, advancing financial sovereignty and reducing reliance on Western financial networks. BRICS Payment Systems Just Got Serious—Brazil’s 2025 Agenda Revealed Brazilian President Luiz Inacio Lula da Silva annou...

The Bank of Russia has postponed the launch of the digital ruble. The project is still live, but the launch of the central bank digital currency (CBDC) will come “somewhat later” than July 1, when it was expected, Bank of Russia governor Elvira Nabiullina said. Nabiullina spoke at the annual meeting...

Donald Trump claimed his 150% tariff threat made BRICS nations break up over their plan to ditch the U.S. dollar, saying: “We haven’t heard from the BRICS states lately.” Trump’s 150% Tariff Threat Made BRICS Break Up? Here’s What He Claims U.S. President Donald Trump discussed his administration’s ...