In this week’s global roundup, we delve deep into the evolving landscape of the BRICS nations, as these emerging powerhouses continue to assert their influence on the world stage. From outpacing the G7 in purchasing power to the exploration of expanding mineral markets in Africa and the Middle East. Join us as we explore Russia’s economic revelations, South Africa’s hosting of the BRICS Games, and the intriguing dynamics of Indonesia’s potential alignment with the group.
BRICS now richer than G7, says Putin
The BRICS nations have overtaken G7 states in terms of the purchasing power parity (PPP) of their populations, Russian President Vladimir Putin said on Monday in an interview.
BRICS needs a joint protocol to gain control over global monopolies: Experts
The proposal to develop a unified protocol for the supervision and control of monopolies in the BRICS region was discussed at the 8th CUTS-CIRC Biennial Conference on Competition, Regulation, and Development. The conference brought together experts to discuss the role of BRICS countries in antitrust law and various topics such as healthcare, food security, employment, and climate change.
Finding purpose in BRICS: expanding mineral markets in Africa and Middle East
The expansion of BRICS marks an important step for the forum as well as the African continent. Our analysis shows the growth potential of the BRICS group in the critical minerals supply chain.
South Africa to host BRICS Games
South Africa will host the BRICS Games in eThekwini on Oct. 18-21, and hundreds of athletes aged between 19 and 21 from the BRICS nations will compete in swimming, badminton, table tennis, tennis, and beach volleyball, South African Minister of Sport, Arts and Culture Zizi Kodwa said on Saturday.
Indonesia’s Consideration of Joining BRICS: An Overview
Over a decade ago, the idea of Indonesia joining BRICS was raised. Recently, the concept has been revived with China’s support. Indonesia is considering its options and has not reached a conclusion yet. Joining BRICS could align with Indonesia’s foreign policy and development goals.
Fernández meets Rousseff, begins Argentina’s entry into BRICS bank
President Alberto Fernández has presented BRICS-led New Development Bank President Dilma Rousseff with a formal letter kickstarting Argentina’s incorporation into the trade bloc’s multilateral financial institution
