BRICS & Global South News

The Birkenstock Boston at 50: the clog that never needed reinventing

SPONSORED | Birkenstock South Africa’s 50 Ways Worn campaign celebrates the Boston’s enduring appeal through local creatives, athletes and storytellers

Inside the Houthis’ expanding war economy in Yemen

The Houthis have restructured Yemen's commercial sector, securing billions in revenue amid a humanitarian crisis.

Belgian State Council rules Treasury’s refusal to unblock BCS bank assets illegal

The EU and G7 countries froze about 300 billion euros’ worth of Russian assets

Russian stock market closes sharply higher on surging energy prices

The MOEX Index had jumped 3.51% to 2,361.08 points, while the RTS Index climbed 3.41% to 881.93 points

Russia's antitrust watchdog opens 55 cases over fuel market violations

Russia’s Federal Antimonopoly Service also issued 83 warnings regarding the fuel market

Refined product deficits, not crude supply, strain energy market — US Energy Secretary

Chris Wright pointed out that Russia is currently not exporting any diesel fuel

EU envoys fail to agree on extension of anti-Russia sanctions at first meeting — Politico

According to the report, Slovakia has demanded the removal of Russian businessmen Mikhail Fridman and Alisher Usmanov from the blacklist

Russia’s current account surplus up to $33.9 bln in January-July — Central Bank

Current account surplus in July 2026 amounted to $1.7 bln, compared to $1 bln in July 2025

Kalashnikov to showcase AK-15K, AK-19K assault rifles, KUB-2E UAV in South Africa

The company noted that the exhibition will also feature the AK-203 and AK-204 assault rifles, the Chukavin sniper rifle, the Kalashnikov PPK-20 submachine gun, and the Lebedev line of pistols

Fiscal pressure from Iran War clouds Gulf States’ US spending plans

Gulf nations may prioritise domestic investments over US commitments amid economic pressures, says new report.

Kremlin comments on Trump’s call, Finland's decision, situation on oil markets

Dmitry Peskov noted that Russia can only welcome calls on Kiev to stop attacking Russian civilian infrastructure

Why the Houthi advance towards Yemen’s Marib, Taiz matters

Marib is home to Yemen's oil sector. Whoever controls it secures economic gains. Taiz's location makes it critical.

Ban on exports of Russian petroleum products aimed to saturate domestic market — Kremlin

Dmitry Peskov stated that the situation in oil markets is deteriorating rapidly overall, largely due to instability and new rounds of escalation in the Persian Gulf

Western-supplied weapons from Ukraine reach drug cartels — Russia’s FSB

The Russian Federal Security Service stressed that these weapons enter the illicit market and criminal groups

Russian petroleum products dropping out of exports impacts global markets — Kremlin

Dmitry Peskov stated that the situation in oil markets is deteriorating rapidly due to instability in the Persian Gulf

Russia successfully deploys new UAV communications system in special op zone

The developer company Sector said the Raduga communication system provides high resistance to interference thanks to both the developer’s engineering and software solutions

Europe’s scorching summer hits farms, raising concerns for food exports to Asia

Vulnerable crops and livestock have been hit by extreme heat across Europe, with farmers reporting falling yields.

Cooperation leads to destruction of over 1000 firearms

Cooperation leads to destruction of over 1000 firearms Law enforcement authorities from South Africa and the Kingdom of Lesotho have strengthened regional cooperation in the fight against the proliferation of illegal firearms, re…

Anthropic disrupts weapons research, hacking using Claude

SAN FRANCISCO, California: Anthropic said it disrupted attempts to use its Claude AI models for biological weapons research, weapons development, and cyberattacks, including a suspected Russia-linked espionage campaign targeting …

US to be among first to restore economic ties with Russia — RDIF CEO

Many other countries will rush to follow suit, Kirill Dmitriev said

Key payment provisions sought by Russia included in BRICS declaration — Kremlin

These concern joint settlement centers, a joint investment platform and a common platform for settlements in national currencies, Dmitry Peskov said

US unable to cut Iran’s access to dollar-based banking services: Report

A WSJ report shows Iran is still able to transfer billions of dollars' worth of funds through intermediaries linked to US banks.

No further sardine deaths reported as probe continues

No further sardine deaths reported as probe continues While the investigation into widespread sardine mortality continues, the Department of Forestry, Fisheries and the Environment (DFFE) has not received any further reports of d…

BRICS countries to trade in local currencies

Qazvin: Turning heritage into future growth

Qazvin is not simply a place that looks back at the past. It is a province looking toward the future, with the resources, infrastructure, and potential to become an important part of Iran's next chapter in tourism, trade, and inv…

BRICS adopt resolutions on conflict resolution, multilateralism, tariffs, trade, others

Slowing AI development no longer appears possible — Dmitriev

The CEO of the Russian Direct Investment Fund was commenting on a Financial Times report that the OpenAI and Anthropic CEOs, and US entrepreneur Elon Musk had called for slowing the development of AI models over safety concerns

US sanctions on Iranian airlines constitute 'economic terrorism': Iran's UN envoy

A senior Iranian diplomat says new US sanctions on 27 Iranian airlines and aviation-related entities constitute a form of economic terrorism.

Venue for Russia-US-Germany business forum to be chosen by year-end — envoy

"It has received incredibly powerful support from Germany and the United States," the Russian official added

Applications flooding in for 2027 Russia-US-Germany business forum — envoy

It was also backed by the US Chamber of Commerce, so we will definitely hold it," Kirill Dmitriev said