KEY POINTS
-A new BRICS currency is currently not on the agenda, said India's Foreign Minister S. Jaishankar
-His remarks come ahead of a BRICS summit to be held in August in South Africa
-Brazil and South Africa's leaders recently made statements about an alternative to the U.S. dollar
India has shut down speculation in recent weeks that the BRICS nations were planning a common currency to derisk their economies from the kind of devastating sanctions that the United States has levied on Russia and other countries by leveraging the greenback's global dominance.
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1,487 comment(s).Last comment by IDQWE001 2023-10-04 18:00
Evacuation from Sudan: how China’s years of African conflict experience led to successful mission Observers say Djibouti military base and lessons from Libya, Yemen and Ethiopia contributed to the operation More than 1,300 Chinese nationals were evacuated on Thursday in an operation that included two PLA Navy vessels
China warns against travelling outside CAR capital after killings The warning comes a day after armed men killed nine Chinese nationals in an attack on a mine near the town of Bambari.
China calls on citizens to leave eastern Congo after attacks
BEIJING (AP) — China on Wednesday urged its citizens to leave three provinces in eastern Congo as violence intensifies in the mineral-rich region.
A posting from the Chinese Embassy in Kinshasa on the WeChat online messaging said a number of Chinese citizens had been attacked and kidnapped over the past month in the provinces of South Kivu, North Kivu and Ituri, where several anti-government rebel groups have a presence.
China Tells Citizens to Leave Risky Areas in Nigeria, Africa
The Chinese Foreign Ministry in Beijing has urged Chinese citizens and firms working in Africa to leave risky areas in Nigeria, Congo and other parts of the African continent.
I love justice as much I love Chinese culture. As Xi jinping says every country was a right to development and is disgusting to contain China to suppress China to deny China it's rights to development and to lie a out Xinjiang ang HK and Tibet and every thing in biden arsenal
Xi never respect Africa to give important speech because BRICS has no concensus on what he wanted. Very disgusting a fake communist not joining CCP,
CCP is catching spy in qqq dream land, qqq does not know his ancient language and lost his own identity will be caught and missing in action by CCP fovever. CCP love US dollar and Western but hate english.
BRICS currency: India unlikely to endorse the move; may just ignore
India is unlikely to endorse a common BRICS currency, which is being envisaged by some as an alternative to the US dollar, as it fears that it would increase China’s dominance in the bloc and also further strengthen the yuan.
BRICS currency: India unlikely to endorse the move; may just ignore
India is unlikely to endorse a common BRICS currency, which is being envisaged by some as an alternative to the US dollar, as it fears that it would increase China’s dominance in the bloc and also further strengthen the yuan.
Obviously India won't join both India and CCP are fighting.
G7 is a grouping of colonizers. Brics+ is a grouping of global south and former victims. China has declared it will forever be on the side of the global south.
While the US is busy spending billions trying to destroy Russia and start a war with China, trying to arrest Trump so he can't run again and arguing over what a man and woman are, the rest of the world is uniting and trying to find a way to escape being controlled by US empire
And it's failing miserably. The faith of the membership is already greatly shaken and its reputation in tatters.
Why invest a good chunk of GDP in a 'defensive' bloc when it can't even perform its core mission?
When the Ukraine conflict winds down, Russia will likely promote new ideas for Pan-European security.
These will be ideas that work for the mutual security benefit of the whole continent, not just preserve US power.
Washington will attempt to reject them, but Russia isn't going anywhere. Soon it will have a military numbering 1.2 million strong and it's armed to the teeth. Russian interests will not be ignored or passed over this time.
The US imperial model has politically emasculated and economically crippled Europe. The sooner Europe dumps their abusive Washington master, the better
Russia’s ruble hits a 17-month low to the dollar as the Ukraine war bites
The ruble hit a 17-month low against the dollar Monday, highlighting the growing squeeze on Russia’s economy from Western sanctions and a slump in export revenues.
The Russian currency has lost nearly 40% of its value this year, weakening past 100 rubles to the dollar, as Moscow’s war in Ukraine takes a heavy toll.
The fall in the ruble’s value is one of several negative indicators for the Russian economy, even as President Vladimir Putin insists that Western sanctions are having a limited effect.
The currency collapsed in the immediate aftermath of Russia’s full-scale invasion of Ukraine in February 2022, dropping as low as 136 to the dollar in March 2022. It then soared to around 50 rubles to the dollar in June last year, as oil and natural gas prices surged.
But European economies have since weaned themselves off Russian oil and gas, importing more from the United States, Canada and Norway instead.
That has strained the Russian government’s finances, which are also under pressure from a surge in spending to pay for the ongoing war.
The Kremlin has doubled its 2023 defense spending target to more than $100 billion — a third of all public expenditure — a government document reviewed by Reuters showed.
Western sanctions have also depressed foreign investment in the country and knocked exports.
The drop in exports, combined with a jump in imports driven by strong domestic demand, has cheapened the ruble further, according to Russia’s central bank governor Elvira Nabiullina.
Morgan Stanley Cuts China Stock Targets Again on Growth Risk - MSCI China Index target trimmed by 14% to 60 for June 2024 - Cut is based on lower earnings expectation, valuations: MS
China can tolerate stormy sea. In fact China can tolerate stormy seas for next 10 years. Xi jinping has prepared people for that. But most likely China will still do better than G7 and recovery within months. China has many advantages the west don't have
Brainwashed by Western media, idq Foong is ignorant of the real China The real China is patriotic united, aware of the world, the young are educated, motivated, well brought up , positive, innovative hard working, China scared of what?
Built so many white elephants without proper drainage system and retention ponds. Very pity
Building white elephants project without proper draiange system and retention were disaster. The future is AI techonolgy driving strong and solid alliance but no evil alliance.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3140 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by IDQWE001 > 2023-07-18 09:23 | Report Abuse
KEY POINTS -A new BRICS currency is currently not on the agenda, said India's Foreign Minister S. Jaishankar -His remarks come ahead of a BRICS summit to be held in August in South Africa -Brazil and South Africa's leaders recently made statements about an alternative to the U.S. dollar India has shut down speculation in recent weeks that the BRICS nations were planning a common currency to derisk their economies from the kind of devastating sanctions that the United States has levied on Russia and other countries by leveraging the greenback's global dominance.