SCO & BRICS latest news and insights
By Pepe Escobar
After a long-running buildup pinpointed by immense expectations all across the Global South, Global Majority, or “Global Globe” (as coined by Belarus President Lukashenko), the BRICS summit in South Africa, on its first day, revealed a “lost in translation” incident that should be...
By Rhod Mackenzie
With the countries of Iran, Saudi Arabia and the United Arab Emirates joining the BRICS, the multilateral mechanism now includes the World's major global oil producers and importers. Analysts now predict that a wider adoption of local currencies will be used for its trade among B...
By Rhod Mackenzie
The attractiveness of the BRICS countries demonstrates that the West has lost its former integration strength, and the world has entered a phase of development of a multipolar world order. This opinion was expressed on August 26 by the member of the Bundestag from the Alternative...
By Rhod Mackenzie
The jubilee meeting of the Five and its adherents in Johannesburg will obviously cost Western leaders more than one sleepless night. The members of the union celebrated the 15th anniversary with landmark decisions and signals to the whole world. At the same time, the BRICS inter...
By Pepe Escobar
The Chinese President Xi Jinping defined all the major decisions embedded in the 15th BRICS summit in South Africa as “historic”. That may be seen as an understatement.
It will take time for the Global South, or Global Majority, or “Global Globe” (copyright President Lukashenko),...
By Anna Koroleva
In July 2023, the share of the dollar in international settlements, according to the Swift system, rose to a record 46.5%. However, as experts note, the share of settlements going through Swift itself is noticeably decreasing, so that its statistics no longer reflect the entire tu...
