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.
Xi prepares to welcome Putin to China four days after hosting Trump
Xi Jinping and Vladimir Putin exchanged “congratulatory letters” on Sunday ahead of the Russian president’s visit to Beijing this week, four days after Donald Trump left China after a high-stakes summit.