BRICS

U.S. stock futures declined on Monday after scaling fresh records in the previous truncated week. Futures of major benchmark indices were trading lower. President Donald Trump said that he would be sending out letters to America's trading partners, announcing that tariffs would be back to April 2...

President Donald Trump announced on Sunday that he will impose an additional 10% tariff on any country that aligns with BRICS’ anti-American policies, escalating trade tensions as his July 9 deadline approaches for comprehensive tariff restructuring. What Happened: Trump posted on Truth...

President Donald Trump has resurfaced his old threat of imposing 100% tariffs on the BRICS nations via Truth Social, the social media platform owned by his company Trump Media & Technology Group Corp. (NASDAQ:DJT). But this fund manager, while agreeing with his views asks how the will U.S....

Bolivia, the owner of the world's largest lithium reserves, is trying to capitalize on this valuable resource. Despite prices plummeting from 2022 highs, the country is pushing forward with large-scale investments to take advantage of the growing battery industry. "With the two new contracts, we...

Scott Bessent, the Treasury Secretary nominee for President-elect Donald Trump, has pledged to uphold the dollar’s status as the world’s reserve currency, aiming to usher in a “new economic golden age”. What Happened: As reported by Reuters, Bessent, who is set to face...

As President-elect Donald Trump threatened BRICS countries against a reserve currency, economist Jeremy Siegel says “Bitcoin is far more of a threat to replace the dollar in world reserves than anything created by the emerging market economies.” What Happened: BRICS, an...

President-elect Donald Trump’s threat to impose 100% tariffs on BRICS nations if they create an alternative to the U.S. dollar has drawn mixed reactions from leading economists, highlighting tensions over global trade and currency dominance. What Happened: Milken Institute Chief Economist...

President-elect Donald Trump has issued a stern warning to the BRICS nations, threatening to impose 100% tariffs if they attempt to shift away from the U.S. dollar. What Happened: Trump voiced his disapproval over the potential move by the BRICS group to distance themselves from the U.S. dollar....

Former Governor of South Carolina and erstwhile presidential candidate Nikki Haley said on Sunday that Iran’s oil exports had risen four-fold under President Joe Biden due to his “lack of enforcement.” What Happened: In a post on X, she said that “nearly all of the oil went...

Russian President Vladimir Putin’s economic strategy aims to dethrone the US dollar as the world's foreign currency reserve.  Putin pushed for that goal at the BRICS three-day summit from October 22-24 in the Russian city of Kazan. He called for an alternative international payment...

The latest BRICS summit in Kazan, Russia has intensified discussions around de-dollarization, potentially impacting several major currency-focused exchange-traded funds and raising concerns among U.S. investors about the dollar’s long-term dominance in global trade. What Happened: Russian...

The BRICS economic bloc is quickly expanding its influence, with 34 countries expressing interest in joining its activities, according to Russian President Vladimir Putin, reflecting the bloc’s ability to provide an alternative to the U.S.-dominated global financial system. With Russia...

The clout of the BRICS — a coalition of developing nations set up to challenge the dominance of Western nations — is growing in prominence by the day, and the latest evidence is the quest of the transcontinental nation of Turkey to join the alliance. What Happened: Turkey, formally called the...

Russia is set to launch two major cryptocurrency exchanges in Moscow and St. Petersburg as part of its strategy to enhance foreign economic activity and reduce dependence on the U.S. dollar. What Happened: The initiative also includes plans to develop a stablecoin pegged to the Chinese yuan,...

A leading commodities expert has poured cold water on the ambitions of BRICS nations to supplant the US dollar as the global reserve currency, dismissing the notion of “de-dollarization” as a myth. What Happened: Jeffrey Christian, founder of CPM Group, a commodities research firm, has...