Indonesia welcomes its entry into BRICS bloc
Indonesia welcomes its entry into BRICS bloc

Indonesia welcomed Brazils announcement on Tuesday that it had become a full member of BRICS, a bloc of developing economies increasingly seen as a counterweight to the West. The Brazilian foreign ministry said in a statement on Monday that Southeast Asias most populous country shares with the...

Maldives strengthens ties with China; FTA set to take effect on January 1
Maldives strengthens ties with China; FTA set to take effect on January 1

The China-Maldives Free Trade Agreement (FTA) is set to come into effect on January 1, 2025, signaling a new chapter in the strategic partnership between the two nations. This milestone was announced during a special ceremony attended in person by Maldives Minister of Economic Development and Trade...

China’s Xi unlikely to attend Trump’s inauguration due to risks
China’s Xi unlikely to attend Trump’s inauguration due to risks

Chinese President Xi Jinping is unlikely to accept President-elect Donald Trumps invitation to attend his January 20 inauguration, with analysts citing significant political and diplomatic risks, reports AP. Trumps incoming press secretary, Karoline Leavitt, confirmed on Thursday that the...

Trump demands BRICS reject new currency or face 100% tariffs
Trump demands BRICS reject new currency or face 100% tariffs

US President-elect Donald Trump warned BRICS countries on Saturdayto avoid creating or backing a new currency that could replace the US dollar, or else face 100% tariffs, reports Reuters. We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back...

Trudeau meets Trump to talk trade amid tariff threat
Trudeau meets Trump to talk trade amid tariff threat

Canadian Prime Minister Justin Trudeau met withUS President-elect Donald Trumpat the US president-electsMar-a-Lago estate in Florida on Friday. The meeting came days afterTrump said he would slap a 25% tariffon imports fromCanadaandMexico, until both countries clamped down on drugs, particularly...

Nobody will win in a trade war, warns Beijing after Trump vows to impose tariffs
Nobody will win in a trade war, warns Beijing after Trump vows to impose tariffs

Beijing on Tuesday has told Donald Trumpthat nobody will win in a trade war after the president-elect vowed to sign an executive order imposing a 25% tariff on all products coming in to the United States from Mexico and Canada, with additional tariffs on China. Trump accused China of failing to...