BRICS abandons common currency push, opts for integrated payment systems to bypass US dollar friction
BRICS has moved away from the idea of creating a single currency to challenge the US dollar, instead focusing on connecting members’ payment systems and expanding the use of local currencies in cross-border trade.
Brazilian jetmaker targets Africa with 13-tonne cargo planes as continent carries under 6% of global traffic
Brazilian aircraft manufacturer Embraer is targeting African airlines with converted passenger jets capable of carrying 13 tonnes of cargo as it seeks to profit from the continent’s weak air, road and rail connections.
Neymar quits international football after Brazil’s World Cup knockout loss
Neymar says he is done playing for Brazil’s national team, making the announcement after he and his teammates were knocked out of the World Cup with a 2-1 loss to Norway in the round of 16.