-
UK-Sudanese author pens book to give children 'African history of Africa'
-
Argentine judge orders suspension of Falklands oil project
-
US Congress passes sweeping Russia sanctions bill
-
US Fed raises rates to tackle 'too high' inflation, irking Trump
-
US stocks fall, dollar gains after Fed lifts interest rates
-
Turkey releases 106 protesters, jails more LGBTQ activists
-
US Fed raises rates to tackle 'too high' inflation in move sure to rile Trump
-
Candidate for UN chief calls for AI regulation akin to nuclear weapons
-
US Fed raises rates to battle inflation in move likely to rile Trump
-
'We're losing control,' AI pioneer Yoshua Bengio tells AFP
-
US House faces test on sweeping Russia sanctions bill
-
IR-MED and Dice Technologies Announce collaboration to Evaluate and Advance Pressure-Injury Prevention Platform in Japan
-
British PM says to make 'difficult decisions' as inflation rises
-
Watts, Pitt, Cruz to light up Spain's top film festival
-
Global fuel price demos: a round-up
-
Toogood Gold's Table Mountain Sits in the Shadow of a Nevada Gold Rush
-
Leverate Launches MCP for Traders to Connect AI Assistants With Trading Platforms
-
MEXC July–August Security Report: 38.66M USDT in Risk Funds Intercepted, Futures Insurance Fund Hits 792M USDT
-
MEXC Launches $1M "Discover Your Wall Street DNA" Campaign to Help Traders Find Their Market Fit
-
Emporio Armani names Dario Vitale new creative director
-
Stocks edge higher ahead of US Fed rate call
-
EU to ban social media for under 13s, curb access until 15
-
BASIS.pro Expands On-Chain Infrastructure with XDC Network Partnership and Zypher DAO as Auto Earn Goes Live
-
Wildfires push endangered Sumatran elephants to brink: Indonesian NGO
-
Pickle-flavoured tart? AI inspires Japan's convenience stores
-
Bank of Japan set to raise rates under pressure from inflation, US
-
EU chief hosts Canada's Carney in push to 'deepen' alliance
-
EU chief to unveil social media, gaming curbs for under-15s
-
Meta chief pushes back on AI slowdown calls
-
'Resident Evil' film brings video game's ethos to the big screen
-
US Fed to deliver rate decision with markets betting on hike
-
GA-ASI Mojave First UAS To Complete Battlefield Short Field Ops
-
i-payout Expands U.S. Money Transmitter Licensing Footprint and Advances European EMI Strategy
-
Sanders, Bannon warn of AI dangers in rare US left-right alignment
-
US Senate crypto bill collapses amid partisan deadlock
-
Empty benches as schools reopen in Venezuela's quake-hit Guaira
-
OpenAI, Anthropic and Google are working to create an AI standards body
-
Tiny English village holds 'independence' vote over asylum seeker housing
-
Protesting shepherds, farmers clash with Romanian police
-
US Treasury chief says to meet Chinese counterpart at weekend
-
Foundation Lets Ledger Users Switch to Open Source Without Starting Over
-
BingX Evolves into a Multi-Asset Trading Platform, Connecting Users to Global Opportunities
-
EU to propose curbing social media, online games for under 15s
-
International Trading Institute Expands Professional Trader Development Beyond the Master’s in Trading
-
FX Junction Reaches 40,600 Members and 26 Million Trades
-
Lake Energy Secures $80 Million for U.S. Renewable Energy Expansion
-
'We unleashed the beast': the world's fears and hopes about AI
-
Stocks drop, oil climbs and Treasury yields hit 19-year high
-
Hospitality leaders ask Burnham to halve VAT amid rising costs
-
SkySail Strategies Outperforms Wall Street's 30-Year Risk Standard With Proprietary AI Inference Model
BRICS nations to gather without Xi, Putin
BRICS leaders will meet in Rio de Janeiro from Sunday, with the bloc depleted by the absence of China's Xi Jinping, who is skipping the annual summit of emerging economies for the first time in 12 years.
The grouping -- often seen as a Chinese-driven counterbalance to Western power -- meets as members face imminent and costly tariff wars with the United States.
Conceived two decades ago as a forum for fast-growing economies, the BRICS have come to be dominated by Beijing, which grew much faster and larger than the rest.
China has not said why Xi will miss the summit, a first since he became president in 2012.
"I expect there will be speculation about the reasons for Xi's absence," said Ryan Hass, a former China director at the US National Security Council who is now with the Brookings Institution think tank.
"The simplest explanation may hold the most explanatory power. Xi recently hosted Lula in Beijing," said Hass.
The Chinese leader will not be the only notable absentee. War crime-indicted Russian President Vladimir Putin is also opting to stay away, but will participate via video link, according to the Kremlin.
So too will Iran's President Masoud Pezeshkian, whose nation is still reeling from a 12-day conflict with Israel.
Hass said that Putin's non-attendance and the fact that India's prime minister will be a guest of honor in Brazil could also be factors in Xi's absence.
"Xi does not want to appear upstaged by Modi," who will receive a state lunch, he said.
"I expect Xi's decision to delegate attendance to Premier Li (Qiang) rests amidst these factors."
Still, the Xi no-show is a blow to host President Luiz Inacio Lula da Silva, who wants Brazil to play a bigger role on the world stage.
In the year to November 2025, Brazil will have hosted a G20 summit, a BRICS summit, and COP30 international climate talks, all before heading into fiercely contested presidential elections next year.
Lula is expected to run again for an unprecedented fourth term in office.
- 'Cautious tone' -
For BRICS leaders who do make the trip to the "cidade maravilhosa" -- the marvelous city -- the economy will be top of the agenda.
Lula on Friday defended the idea of finding an alternative to the dollar for trade among BRICS nations.
"I know it is complicated. There are political problems," Lula said at a BRICS banking event. "But if we do not find a new formula, we are going to finish the 21st century the way we started the 20th."
But with many, including China, locked in difficult trade negotiations with the United States, they may be wary of roiling the mercurial US president.
President Donald Trump has warned that starting Friday, countries will receive letters stating the amount their exports to the United States will be tariffed.
He has also threatened to impose 100 percent tariffs on countries that challenge the dollar's international dominance.
"We're anticipating a summit with a cautious tone: it will be difficult to mention the United States by name in the final declaration," Marta Fernandez, director of the BRICS Policy Center at Rio's Pontifical Catholic University, told AFP.
This is particularly the case for China, she said: "This doesn't seem to be the right time to provoke further friction" between the world's two leading economies.
On a range of other issues, from the Middle East to climate, BRICS members will have to overcome deep-seated differences.
- Consensus-building difficult -
Original members of the bloc Brazil, Russia, India, and China have been joined by South Africa and, more recently, by Saudi Arabia, Iran, the United Arab Emirates, Egypt, Ethiopia, and Indonesia.
Analysts say that it has given the grouping more potential international punch. The BRICS now represent nearly half of the world's population and 40 percent of its GDP.
But it has also opened many new fault lines, not least over how strongly to challenge the United States.
This expansion "makes it all the more difficult to build a strong consensus," said Fernandez.
BRICS members did not issue a strong statement on the Iran-Israel conflict and subsequent US military strikes due to their "diverging" interests, according to Oliver Stuenkel, a professor of international relations at the Getulio Vargas Foundation.
Brazil, nevertheless, hopes that countries can take a common stand at the summit, including on the most sensitive issues.
"BRICS (countries), throughout their history, have managed to speak with one voice on major international issues, and there's no reason why that shouldn't be the case this time on the subject of the Middle East," Brazil's Foreign Minister Mauro Vieira told AFP.
Artificial intelligence and global governance reform will also be on the menu.
M.P.Jacobs--CPN