Brazil
Malaysia seeks BRICS membership
Malaysia is aiming to become the latest member of the BRICS bloc, which was originally formed by Brazil, Russia, India, China, and South Africa
Can the BRICS beat the G7?
Leaders of the Global South will flock to Kazan, the capital of Tatarstan, on October 22 for this year’s BRICS summit hosted by Russia, where they hope to thrash out some more details of the new non-aligned global order.
Half the world’s food production at risk due to mounting water crisis
More than half of the world’s food production is at risk of failure within the next 25 years as a rapidly worsening water crisis threatens global agricultural systems, according to a new report.
BRICS members hoping to develop a digital "BRICS Pay" cryptocurrency international trade system
One of the biggest questions that the BRICS members will discuss at the summit will be setting up an inter=BRICS payment system to by-pass the dollar. The US decision to weaponise the dollar has unsettled Central Bankers around the world.
Brazil cautiously spearheads BRICS push for national currency trade
Brazil is taking a leading role in efforts to reduce the BRICS economic bloc's dependence on the US dollar, championing the use of national currencies in trade among member states.
Kazakhstan has no plans to join BRICS, says Astana
Position not likely to change in foreseeable future, president’s spokesman makes clear ahead of 16th summit of Putin-backed group in Russia.
Putin's G20 attendance could test Brazil's commitment to international justice
Ukraine's top prosecutor has called on Brazilian authorities to arrest Russian President Vladimir Putin should he attend the upcoming G20 summit in Rio de Janeiro, citing an international warrant for his arrest.
US, Brazil lead the charge in global carbon capture, but current capacity is a fraction of what’s needed
Brazil and the US have the biggest carbon capture and storage capacity and China is adding at the fastest rate, but the total global CCS capacity is a tiny fraction of what is needed to get to carbon-zero.
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Brazil's growth surge clouded by high rates and inequality
Brazil's economy is experiencing a period of robust growth, but this success is accompanied by a series of challenges, mostly high borrowing costs which continue denting consumption among many Brazilians.
Brazil may derail Venezuela’s BRICS dream as bloc gears up for expansion
The BRICS group is moving forward with plans for expansion, with an announcement expected at the bloc's annual summit in Kazan this October. But Venezuela's inclusion in the next wave of expansion appears uncertain due to Brazil's resistance.
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Brazil scrambles to curb online gambling surge
Brazil is grappling with a mounting online betting crisis, as the government rushes to implement stricter regulations amid concerns over spiralling household debt and addiction.
Latin American dignitaries urge UN to suspend Russia over Ukraine war
A group of prominent Latin American former foreign ministers and human rights advocates has urged António Guterres, the UN Secretary-General, to suspend Russia from the UN General Assembly over its actions in Ukraine.
India highlights legal reforms at BRICS justice ministers meeting
India’s Ministry of Law and Justice participated in the BRICS Ministers of Justice meeting on 18 September 2024, with the Indian delegation led by Anju Rathi Rana, Additional Secretary in the Department of Legal Affairs
Climate crisis fuels wildfires across Latin America with Brazil hardest hit
Brazil and large swathes of Latin America are battling severe wildfires this year, even in traditionally wet regions, as they grapple with a harsh drought. The effects of climate change are disrupting the lives of millions across the continent.
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Brazil grapples with fire pandemic as climate woes intensify
In 2024, Brazil is waking up to the reality of climate change as it deals with wildfires up and down the country. A severe drought in the Amazon region is also causing alarm as water levels in the eponymous river drop dangerously low.
US and Chinese troops join Brazil-led military exercise in rare collaboration
In a historic first, US and Chinese troops are participating in a joint military exercise led by the Brazilian Armed Forces, according to Brazil's navy. The drills, involving about 3000 military personnel, are set to continue until September 10.
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Brazil's service sector growth slows in August amid softening demand
Brazil's services sector expansion eased in August as demand conditions softened, though business confidence remained elevated, according to an S&P Global survey released on September 4.
AI will be a major source of GHGs by 2030, says Morgan Stanley
Energy ravenous AI data centres are set to become a major source of GHGs emissions by 2030 as the number of server farms needed to run the artificial intelligence services is set to expand exponentially over the next two and half decades.
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LATAM BLOG: Brazil showed the world how to stand up to Musk. Europe should follow suit
Brazil’s recent move to block Elon Musk’s X, the popular social network formerly known as Twitter, has reignited a global debate on free speech – and its limits. European leaders should take note.
Russia revs up to test cross-border crypto payments
Russia is on the hunt to find an alternative to the dollar to settle international trade deals and on September 1 will test making cross-border payments in cryptocurrency for the first time.