BRICS & Global South News

Sana’a has turned Saudi economic lifeline into strategic vulnerability

Yemen’s “siege for siege” strategy is drastically reshaping the region’s economic landscape.

Discover Iran: Tabriz’s centuries-old trading culture drives carpets, leather, industry an...

Tabriz is transforming its centuries-old trading tradition into a diversified modern economy, combining carpets, leather and footwear with manufacturing, food production and exports to markets across the Caucasus and beyond.

War on Iran threatens Persian Gulf states’ $4 trillion commitments to US: Report

The fiscal pressure caused by the illegal US-Israeli aggression against Iran may reportedly lead Saudi Arabia, Qatar and the UAE to prioritize domestic spending over nearly $4 trillion in economic commitments to the United States.

Italy's energy crisis growing bleaker

As the illegal US-Israeli war on Iran rattles the global economy, Italy remains highly exposed to fossil fuel shocks, importing nearly all the gas and oil it uses.

War spurs Iran’s push to develop Caspian energy frontier

Iran returns Amir Kabir to the Caspian, reviving deep-water exploration and opening a northern energy frontier that could strengthen domestic supply, regional trade and links to Asian markets.

Economic protests in Iran exploited by organized rioters

Peaceful economic protests in Iran turned violent after being exploited by organized rioters.

Bank of Russia lowers dollar exchange rate to 84.17 rubles for September 17

The official euro exchange rate has been lowered by 17.37 kopecks to 97.1275 rubles

Iran war has cost the US $38bn: How will it impact US economy, politics?

High energy costs at the pump and strategic setback for US in the Iran war will likely cost Trump in the midterms.

Pentagon accuses Iran of trying to steal naval spy drone

The US military says it thwarted an attempt by the IRGC to seize a Saildrone unmanned surface vessel The US military says it has attacked two boats that Iran’s Islamic Revolutionary Guard Corps (IRGC) allegedly used in an attempt…

Bank of Russia purchases yuan worth $23.6 mln with settlements on September 15

The Central Bank purchased yuan on the domestic market in the amount of 1.9 bln rubles with settlements on September 14

Azerbaijan-Russia trade falls nearly 1.4-fold in January-August

According to the State Customs Committee, Azerbaijan’s exports to Russia totaled $840.096 mln in the first eight months of 2026

US businesses await lifting of ban on new investment in Russia — AmCham head

Robert Agee said the inability to invest means US companies are not only losing profits and market share but also seeing the value of their brands decline

Discover Iran: Tabriz Grand Bazaar, where centuries of trade, culture and craftsmanship st...

Tabriz Bazaar, a UNESCO World Heritage site, embodies centuries of trade, culture, religion, craftsmanship, politics, and urban life through remarkable architecture and enduring commercial traditions.

Japan-Russia trade rises by 19.51% to $959 mln in August

Imports from Russia rose 24% over the period, while Japan's exports to Russia increased 10.5% year-on-year

Malaysia talks to rival airlines as it monitors AirAsia's financial health, sources say

Malaysia Airlines and Batik Air have both expressed their willingness to expand organically to absorb AirAsia's routes and passengers rather than acquire its whole business, sources said.

Fresh US sanctions challenge Pakistan-Iran push to expand trade

Fresh US sanctions on Iran are creating a new challenge for Pakistan.

What’s the Pinglu Canal, China’s new gateway to Southeast Asia?

China's first modern river-to-sea canal could significantly cut down time and costs of trade to Southeast Asia.

Anthropic to open Singapore office in October, hire locally

The Singapore office will be the AI company's fifth in the Asia-Pacific region.

Iran war increasing inflation, straining US munitions: congressional report

Report by nonpartisan research body finds that replenishing depleted munitions stockpiles could take up to five years.

Saudi Arabia cancels oil shipments to Europe after pipeline attack – Reuters

The disruption comes as the escalating conflict in Yemen threatens the kingdom’s alternative export routes Saudi Arabia has cancelled some oil shipments to Europe in the wake of a series of drone attacks which forced the shutdown…

Russia’s Rosatom says Iran remains top priority in West Asia

Russia’s state-run Rosatom announces plans to increase its staff at the Bushehr power plant, saying Iran remains the nuclear company’s top priority in West Asia.

Pentagon report reveals Iran war depleted US ammunition stockpile

War with Iran costs US taxpayers $38 billion — congressional budget office

The authority also confirmed that the war had depleted US weapons stocks, including critically important interceptors for air defense systems

Hormuz economic crisis direct result of US-Israeli aggression: Iran’s UN envoy

Iran should not be blamed for the global economic impacts resulting from the restrictions it has imposed on transit via the Strait of Hormuz, says a senior diplomat.

Europe unlikely to go back to being Russia's top gas buyer — expert

The European market will remain large and attractive for Russia, Ilya Grashchenkov noted

Bank of Russia lowers dollar exchange rate to 84.24 rubles for September 16

The official euro exchange rate has been lowered by 46.14 kopecks to 97.3012 rubles

Bank of Russia buys $22.53 mln in yuan with September 14 settlement

The volume of foreign currency purchases on the domestic market with settlement on September 11 also amounted to $22.53 mln

Russian stocks move to positive territory during main trading session

The MOEX and RTS indices reached 2,370.71 points and 885.53 points, respectively

STEPHEN MOORE | Private investment will give more South Africans reliable water

Private investment, through well-regulated public-private partnerships, is essential for rehabilitating water resource systems, writes Stephen Moore

Tech boom powers China's factories but economic imbalances deepen as consumption slows