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Besides leading the way to de-dollarisation against US abuses, the bloc of five nations can expand its membership and take on greater responsibility for the common good within the Global South.

  • Mexico, an increasingly important trade partner for China, has increased tariffs by 5 to 25 per cent on 392 imports for countries it has no free-trade deal with
  • While too early to know the impact of tariff changes introduced in August, trade lawyer warns Chinese companies to expect more trade-related costs in Mexico
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Latin American country’s foreign minister claims Brazilian President Lula ‘never proposed’ initiative to broker deal between Moscow and Kyiv – an idea that sources say received a chilly reception from China’s Xi Jinping.

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Didi posted a 52.6 per cent year-on-year jump in second-quarter revenue to US$6.6 billion on the back of strong demand at both its core mainland China and international operations.

The latest in a string of weather disasters to hit Brazil, the cyclone is the deadliest ever in the state of Rio Grande do Sul, Governor Eduardo Leite told a news conference.

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Beijing’s shift in strategy behind 78 per cent reduction and Argentina edging the Latin American giant for first time, but carmakers among the bullish.

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The event, hosted by Nathan’s Famous fast-food chain, will see contestants compete to qualify for the world championships held in New York since 1916.

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While the US dollar may continue to hold sway among the Brics nations, economists say improving bilateral relations among Brics members – and their new additions – will boost their currencies, especially the yuan.

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The new members of the China-led group will add to its economic clout but that is unlikely to translate into political heft any time soon, observers say.

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Questions about membership process and criteria have yet to be addressed as the bloc of five nations appears headed toward the addition of new members.

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The coalition of Brazil, Russia, India, China and South Africa is considering expansion of its ranks, but caution by existing Brics members and the opposition of some in Buenos Aires might scuttle Argentina’s chances.

The Brics group consisting of Brazil, Russia, India, China, and South Africa are divided over the expansion of the bloc by adding new members, including the admission criteria.

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