Member countries of the Brics trading bloc seem to have backed down from their rather lofty ideal of establishing their own ...

The unveiling of a symbolic BRICS banknote at the St. Petersburg International Economic Forum represents far more than ...

Amid rising tensions over global trade and currency supremacy, US President Donald Trump has sharply criticised the BRICS ...

President Trump confronts BRICS nations with severe trade consequences over potential currency shifts. The economic bloc faces 100% tariffs if they move away from the U.S. dollar.

U.S. President Donald Trump on Friday repeated his threat to slap a 10% tariff on imports from members of the BRICS group of ...

The bloc may find it hard to push ahead with trade in local currencies, given the threat of punitive US tariffs.

President Trump’s attacks on the group of emerging economies, which includes Brazil, Russia and China, have put one member — ...

He suggested that if a BRICS currency unit is worth 1 ounce of gold and the gold price goes to US$3,000 per ounce, the BRICS currency unit would be worth US$3,000, while the dollar would lose ...

The strategy being adopted by the BRICS appears a smart one. They are not challenging the dominance of the dollar explicitly; but are slowly working on reducing the dependence on the ‘mighty’ dollar.

Could a new currency be set to challenge the dominance of the dollar? Perhaps, but that may not be the point. In August 2023, South Africa will host the leaders of Brazil, Russia, India, China and ...

The ambitious plan by the BRICS nations — Brazil, Russia, India, China and South Africa — to create a new global currency is not only an economic endeavor but also a technological one.

Suggestions that the BRICS group of emerging market powers establish their own currency to reduce their reliance on the dollar aren’t under serious consideration and never have been, South ...