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.
BRICS nations urge ‘restraint’ in Middle East and smooth flow of global trade
The BRICS group of nations has unanimously adopted a joint declaration, calling for calm in the Middle East and stressing the need to work together to maintain the smooth flow of global trade, supply chains and energy.