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Searched Tag: brics alliance
US President Donald Trump addresses a public gathering. (File photo)

Trump calls BRICS 'fading group,' reissues 10% tariff warning

July 19, 2025, 08:28 AM - 4 min read

US President Donald Trump has derided BRICS as a “little group fading fast” and warned of 10% tariffs on members, vowing to shield the US dollar from rival currency blocs.

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Over 90 per cent of the Russia-China trade is now settled in rubles or yuan; while India pays for Russian oil in rupees and dirhams (Representative Image)

Local currency trade to grow as countries seek dollar alternative

July 11, 2025, 03:54 PM - 3 min read

With proper planning, local currency trade can cut transaction costs by up to 4 per cent by avoiding double-dollar conversions at both the buyer and seller end

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Russian President Vladimir Putin. (File photo)

BRICS has overtaken G7 in economic power, says Putin

July 7, 2025, 12:04 PM - 4 min read

Russian President Putin says, BRICS has outpaced the G7 in GDP terms, hails the bloc’s growing global role, and signals a shift away from dollar dependence towards national currencies.

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