Economy

South Africa’s participation in the BRICS bloc is facing renewed scrutiny as the country’s trade deficit with its BRICS partners continues to widen, prompting calls

Emerging markets have become central to global economic growth as developed economies grapple with slower expansion, aging populations, and mounting debt. In this shifting landscape,

The newly signed Free Trade Agreement (FTA) between the BRICS bloc and Indonesia is drawing attention well beyond traditional trade circles. With an estimated $33

The BRICS bloc is quietly recalibrating its financial strategy by steadily reducing exposure to US Treasury securities, signaling a broader trend toward reserve diversification rather

The Eurasian Economic Union (EAEU) has completed a sweeping reorientation of its foreign trade landscape, shifting decisively toward BRICS+ markets, according to Andrei Slepnev, the

The BRICS grouping has officially launched its long-anticipated gold-backed UNIT payment system, marking a major step toward building an alternative global financial architecture. Designed as

BRICS’ gold purchases between 2020 and 2025 have reached a staggering 870 tonnes, marking one of the most significant shifts in global reserve strategy in

Kazakhstan has announced an ambitious plan to fully digitalise all cross-border trade procedures by 2028, marking a major step toward modernising regional commerce and strengthening

The Russian government is preparing a sweeping crackdown on the country’s expanding shadow economy, Finance Minister Anton Siluanov announced on Tuesday. The initiative comes amid

At the COP30 Heads of State Summit in Belém, Brazil, New Development Bank (NDB) president and former Brazilian leader Dilma Rousseff announced that the BRICS

Russia is intensifying its overseas economic outreach even as its domestic economy faces rising challenges. The Ministry of Economic Development has announced that its international

The global gold rally has entered uncharted territory as Wall Street and BRICS nations align in a historic push that could redefine the world’s monetary

South Africa is intensifying its fight against unemployment with a bold target to create one million job placements for young people by 2030. The plan

Trade between Russia and the Association of Southeast Asian Nations (ASEAN) has reached a new record high for the second consecutive year, growing by 5.8%

Brazil has reached a historic milestone in its labor market, creating 1.5 million new formal jobs between January and August 2025, according to data from

China has released a new trade index gauging economic exchanges with fellow BRICS members, signaling deepening cooperation and stronger investment momentum. The announcement was made

Bilateral trade between Venezuela and Colombia has reached historic levels, marking one of the strongest growth periods in their economic relations. According to data shared

Environmental protection and sustainable growth remain at the heart of global development strategies, with BRICS countries emerging as key players in the green transition. Through

Global central banks purchased 166 tonnes of gold in the second quarter of 2025, a 41% increase over the average quarterly demand, highlighting a growing

Despite years of speculation about the G7’s decline, the group remains a dominant force in global financial governance, while BRICS+ efforts to establish an alternative

The Association of Southeast Asian Nations (ASEAN) is set to take a major step toward responsible artificial intelligence governance with the adoption of the ASEAN

The China-SCO Local Economic and Trade Cooperation Demonstration Area in Qingdao, Shandong Province, posted a robust 26.1% year-on-year trade growth with Shanghai Cooperation Organisation (SCO)

Tether CEO Paolo Ardoino has unveiled a bold strategy to counter the BRICS alliance’s ongoing de-dollarization efforts by leveraging the power of stablecoins. Speaking on

Ethiopia has recorded a historic US$32.1 billion in foreign revenue for the 2024/25 fiscal year, up from US$24.7 billion the previous year, according to the

Despite intensifying trade disputes with both Washington and Brussels, China has defied expectations by posting a solid 5.3% GDP growth in the first half of

The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has advised the Nigerian government to view the United States’ proposed tariff hike on BRICS-aligned countries

The BRICS alliance is advancing its shift toward local currency settlements in bilateral trade, a move aimed at reducing reliance on dominant foreign currencies such

At the 17th BRICS Summit in Rio de Janeiro, member states officially endorsed Brazil’s Tropical Forests Forever Fund (TFFF), hailing it as a breakthrough model

Zimbabwe will make environmental history this July by hosting the 15th Conference of the Parties (COP15) to the Ramsar Convention on Wetlands—marking the first time

In a major trade policy shift, China has announced it will eliminate tariffs on imports from 53 African countries, expanding its previous zero-tariff policy that

In a milestone for climate diplomacy, the BRICS bloc—comprising Brazil, Russia, India, China, and South Africa—has approved its first joint climate finance framework, setting the

China has reaffirmed its commitment to deepening cooperation with BRICS nations in cutting-edge sectors such as artificial intelligence (AI), smart manufacturing, and green technologies. Speaking

Egypt is embarking on an ambitious plan to reduce customs clearance times to just two days by the end of 2025, a move aimed at

In a major step toward digital cooperation, BRICS nations have approved the Data Economy Governance Understanding, establishing a collective roadmap to foster a fair and

Trade between Egypt and Saudi Arabia reached a record US$15.98 billion in 2024, marking a 29% increase compared to the previous year, according to data

Brazil’s labor market saw a record increase in formal employment during February, with 431,995 new jobs created, according to the Ministry of Labor and Employment

President Donald Trump has announced that the United States is prepared to impose new tariffs of up to 50% on Chinese goods, a significant escalation

In a significant escalation of the ongoing trade dispute, China announced on Friday that it would impose a 34% tariff on all imports from the

Russian Finance Minister Anton Siluanov highlighted the importance of building a robust financial infrastructure to foster trade and economic growth among BRICS nations. Speaking to

Russia and Iran have signed a memorandum of understanding (MoU) to jointly develop and manufacture microelectronics, marking a significant step in their economic and technological

US President Donald Trump has expressed openness to the idea of collaborating with Russia on the development of its mineral deposits, following a proposal by

Multiple agreements aimed at enhancing strategic cooperation between UAE and China’s government entities and the private sector were signed during the official visit of Abu

Russia and the United Arab Emirates signed on Monday a new agreement that will help both countries to eliminate double taxation on income and capital

The Group of Seven nations must readmit Russia into the family and the US would love to see that happen, US President Donald Trump stressed

There is no discussion over the creation of a common currency for the member-countries of BRICS as alternative to US dollar, Kremlin spokesman Dmitry Peskov

The emerging economies of the BRICS group will play a key role in shaping the future of the world and the key focus of its

Production of excellent and competitive talents able of keeping up with technological advancements is in the focus of the government in Jakarta which is concentrated

Through the Servicio Nacional de Sanidad Agraria (SENASA), Peruvian government granted on January 14 export license to nine new meatpacking plants in Brazil, Brazilian government

More than 1,600 people from St. Petersburg headquarters of Russia’s energy giant Gazprom could face lay off as the company plans massive management job cuts

The gold mining industry is an important growth driver of Ethiopia and represents an immense potential for local and for international investment, Prime Minister Abiy

The sweeping export controls announced on Monday by the US Department of Commerce and aimed at crippling the Chinese semiconductor industry has prompted immediate reaction

If BRICS members attempt to create a rival currency to the US dollar, the US administration will impose 100% tariffs on the nine nations-members of