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BRICS Summit 2024: Paving the Way for Local Currency Trade

October 25, 2024 by newscornerlive

At the recent BRICS summit held in Kazan, a symbolic banknote featuring the flags of Brazil, Russia, India, China, and South Africa was introduced, igniting conversations about alternatives to the US dollar. This banknote symbolizes the member nations’ collective aspirations to reshape global finance and create a more independent economic system, less dependent on … Read more

BRICS vs. G7: The New Era of Global Economic Leadership

September 21, 2024 by newscornerlive

Shifting Global Power Dynamics The landscape of global power is undergoing a significant transformation, with BRICS nations—Brazil, Russia, India, China, and South Africa—emerging as influential players that have surpassed the G7 in both impact and economic strength. With control over nearly half the world’s population and a substantial share of global oil production, BRICS is … Read more