"BRICS owns the New Development Bank, which has invested US$30 billion (note the investment is in dollars) in infrastructure development projects in member states and other developing economies.

President Trump vowed to impose tariffs of up to 100 percent on countries that back a new reserve currency among the BRICS countries, a group that includes Russia and China. Trump’s Truth Social ...

Mr Trump, who has already kicked off the imposition of tariffs on Canada and Mexico, demanded a firm commitment from Brics nations to cease any attempts to create a new currency or back existing ...

The Argentine Government of President Javier Milei this week sent a note announcing that ... rejecting the bloc is that the “BRICS bank” (officially the New Development Bank) headed by former ...

Nigeria can benefit from a Brics partnership but it must find a careful balance between the relationship and the interests of ...

Expressing his stance against de-dollarisation vehemently Friday, Donald Trump warned BRICS nations and threatened them with ...

In an apparent bid to preserve the U.S. dollar's global economic dominance, President Donald Trump reiterated his 100% tariff threat against BRICS nations. The president is demanding that the ...

Russia in talks with BRICS over precious metals exchange Russia's proposal for a new international grain exchange could take years to get off the ground even though the plan was welcomed by ...

Dmitry Peskov, spokesperson for Kremlin ruler Vladimir Putin, has swiftly denied that the creation of a new common currency is being discussed, following US President Donald Trump’s threat to impose ...

In recent years, Brics has become one of the most economically powerful groups. Two of its member states are among the top ...