BRICS

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Bank of International Settlements Poised To Cease Cooperation With mBridge

BRICS, China, Economy, Finance, Trade

The Basel-based Bank of International Settlements (BIS) is poised to drop cooperation with the mBridge financial settlements system, in a move that would delay the introduction of any alternative financial settlements system to SWIFT. mBridge has been developed by the Central banks in China, Thailand, Hong Kong, and the UAE, and has recently and successfully […]

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Haval

China’s Haval To Increase Auto Production At Tula Plant To 200,000 Cars Per Annum As Russian Domestic Auto Market Expands By 50%.

BRICS, China, Foreign Investment, Imports, Russian Market, Trade

Haval autos, (part of China’s Great Wall Motors) plans to expand the production facilities of its Tula based factory, with upgrades now ongoing. Starting in 2025, after the modernisation is completed, Haval will produce up to 200,000 cars per year from the Tula site, according to Andrey Akifyev, Executive Director of Haval Motor Rus. That

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Latin America and the 2024 BRICS Summit: Executive Summary

BRICS, Energy, Infrastructure, Latin America, Trade

Latin America was well represented at the 2024 BRICS Heads of State Summit, with Brazil sending a Ministerial-level delegation and Bolivia and Cuba being granted ‘BRICS Partner’ status. The 2025 annual BRICS summit will be held in Brazil where further LatAm developments can also be expected. We discuss these issues on a multilateral basis as

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Africa and the 2024 BRICS Summit: Executive Summary

Africa, BRICS, Energy, Infrastructure, Security, Trade

The African continent was well represented at the 2024 BRICS Heads of State Summit, with two major African economies in Algeria and Nigeria, as well as Uganda now going through a membership process. Other African nations were also present. We summarise what happened on a country-by-country basis involving Africa as follows: South Africa South Africa

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The Middle East and the 2024 BRICS Summit: Executive Summary

BRICS, Energy, Middle East, Security, Trade

The Middle East was a key component of the 2024 BRICS Heads of State Summit, with considerable diplomatic engagement concerning the on-going crisis. Just one day after the Iranian delegation returned from Russia, Israel attacked Tehran. The Palestinian President was also invited to the summit as was the UN Secretary-General. However, apart from the security

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