BRICS & Global South News

Lilian Ngoyi Street Rehabilitation Project on track

Lilian Ngoyi Street Rehabilitation Project on track The City of Johannesburg has assured that the Lilian Ngoyi Street Rehabilitation Project reopening in October 2026 is still on track with the project having reached over 75% com…

Xi Jinping's India visit to help diplomatic thaw, but business ties bound by suspicion: An...

While China-India relations have improved in recent years, businesses in both countries continue to face hurdles, underlining the gap between diplomatic progress and economic ties, say analysts.

Why is Uber pulling out of some African markets?

Uber’s exits from Nigeria and Uganda highlight the growing challenges of making ride-hailing work in Africa.

UN envoy warns Security Council Yemen’s war has entered ‘dangerous phase’

Envoy for Yemen Hans Grundberg demands urgent steps to protect civilians and trade routes amid Houthi escalation.

9/11: The inside story of the restaurant workers on the top floor, 25 years on

Twenty-five years ago, 73 employees of the top-floor restaurant in the World Trade Center’s North Tower were trapped and left fighting for their lives on 9/11. Many of them were Asian migrants, seeking a better future. This is th…

Amokachi, Adepoju lead legends as Afreximbank, TopTier unveil initiative to celebrate Nige...

US slaps new sanctions on networks aiding Iran's proxies in Middle East

“Whether they finance terror, launder money, or help Iran evade sanctions, we will find them,” Treasury Secretary Scott Bessent says as the US widens its crackdown.

Global economy coping with aftermath of war against Iran better than expected — IMF

According to IMF Spokesperson Julie Kozack, the global economy has weathered the shocks, including the energy shock, better than feared

Global energy market shock not over yet — IMF

As the IMF warned in an analytical note published in mid-July, a significant portion of the capacity to mitigate the global energy crisis sparked by the war involving the US, Israel, and Iran has already been exhausted

Dubai airports came under 17 missile strikes during US-Iran conflict

Paul Griffiths, CEO of the airport operator company Dubai Airports, said that no one died as a result of the incidents

Russian stock indices up as trading closes on Moscow Exchange

The MOEX Index surpassed the monthly high set on Tuesday and remains firmly in positive territory

Houthis capture Yemeni town of Mocha: Why it’s important

The Houthi seizure of Mocha threatens global trade routes, severs vital supply lines, and displaces thousands in Yemen.

China says it hopes to agree with US on tariff reductions at ‘an early date’

Trade will dominate discussions at the upcoming Trump-Xi meeting in Washington later this month

Bank of Russia lowers dollar exchange rate for September 11 to 84.35 rubles

The official euro exchange rate was lowered by 96.69 kopecks to 98.2856 rubles

Russia's international reserves fall by $20.7 bln over week to $753.5 bln — Central Bank

As of August 28, reserves totaled $774.2 bln

BRICS member states face illegal restrictions — Kremlin

These countries are looking for ways to ensure mutual settlements in the context of economic cooperation, Dmitry Peskov said

Other countries aiding Iran won't alter balance of power — US Secretary of State

Marco Rubio added that Washington will "continue to strangle" Iran economically, restricting its foreign trade and financial ties

Russian stock market moves into positive territory

By 10:40 Moscow time, the MOEX index had moved into positive territory and stood at 2,267.81 points, while the RTS index was at 835.96 points

Russia's trade with Asia-Pacific up 24.5% in first half — Industry Ministry

Exports are growing faster, up 35%, while imports increased by 15.3%

Floods expose fragility of Nepal’s bid to reduce trade dependence on India through China

Deadly floods have destroyed Nepal’s main overland trade route with China, highlighting the challenge Kathmandu faces as it tries to reduce its heavy economic dependence on India.

Beyond cargo: The family culture behind MSC

From a distinctive vessel-naming tradition to careers spanning decades, MSC’s Asia Regional Office has put people at the heart of its business for the past 30 years.

Commentary: US ‘transshipment scam’ narrative raises troubling prospect of a purity test f...

If the US sees all trade as a potential scam, trading partners would do well to prepare for more tariffs, says Hinrich Foundation’s Deborah Elms.

Russian stocks close mixed on Wednesday

BCS World of Investment projects the dollar exchange rate for Thursday at 84.5-85.2 rubles, and the yuan at 12.6-12.7 rubles

Annual inflation in Russia totals 6.29% from September 1 to 7 — ministry

Prices changed by 0.05% during the week of September, the Economic Development Ministry reported

Meeting with CIA director 'businesslike, friendly' — Russian intel chief

Everything was professional and clear, Sergey Naryshkin said

Zarubezhneft reaches production sharing agreement for blocks on Vietnamese shelf

The Russian company and PetroVietnam also exchanged a framework agreement on cooperation in the implementation of the project to establish a strategic oil reserve, and an investment cooperation deal

Back to work, not school: Yemen’s crisis forces children to drop out

Struggling families in Yemen are forced to choose between education and survival amid mounting economic challenges.

Bank of Russia lowers dollar exchange rate to 85.46 rubles for September 10

The official euro exchange rate has been lowered by 1 ruble and 24.64 kopecks to 99.2525 rubles

Russia, Vietnam to step up cooperation on information security

According to the statement, "discussions covered coordination between the relevant agencies at specialized international forums, cooperation to protect national information spaces, and the development of ties between research org…

Bank of Russia may keep key rate at 14% at its next meeting — consensus forecast

According to Olga Belenkaya, head of macroeconomic analysis at Finam Financial Group, factors supporting a pause include the fuel situation, persistently high inflation expectations among households and the weakening ruble