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The BRICS mechanism plays a key role in promoting cooperation among developing countries and emerging markets against the background of global geopolitical turmoil, said a UN senior economist.

The BRICS countries have become an important force in the world economic landscape, and their development experience is worth learning for the Global South countries, said Liang Guoyong, a senior economist with the United Nations Conference on Trade and Development, in a written interview with Xinhua.

Cooperation in various fields among theREAD MORE

“Around 400 years ago, the Great Tea Road that connected the two countries went past Kazan, through which tea leaves from China’s Wuyi Mountain region found their way into many Russian households,” Chinese President Xi Jinping said to Russian President Vladimir Putin on Tuesday.

Xi recalled the history in his meeting with Putin on the sidelines of the 2024 BRICS summit in Kazan, the fifth-largest city of Russia with historical and cultural significance.

Xi’s remarks highlighted the long-standing bond betweenREAD MORE

BRICS has provided more funding options to support development in emerging economies and strengthened the voices of the Global South in international relations, said a South African expert.

Emmanuel Matambo, research director of the Center for Africa-China Studies at the University of Johannesburg, made the remarks during a recent interview with Xinhua.

Economically, Matambo noted, BRICS has provided alternative funding options for emerging markets and developing countries, allowing them to address issues like infrastructure development, energy crises, and climate change.

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Chinese President Xi Jinping on Wednesday called on BRICS countries to work for high-quality development of greater BRICS cooperation.

Xi made the remarks when addressing the 16th BRICS Summit held in Kazan, Russia. Russian President Vladimir Putin chaired the summit, which was also attended by Egyptian President Abdel-Fattah al-Sisi, Ethiopian Prime Minister Abiy Ahmed, Indian Prime Minister Narendra Modi, Iranian President Masoud Pezeshkian, South African President Cyril Ramaphosa, the United Arab Emirates’ President Sheikh Mohamed bin Zayed Al Nahyan. BrazilianREAD MORE

President Cyril Ramaphosa has described Russian leader Vladimir Putin as a “valuable ally and a friend” who supported him when South Africa entered uncharted waters after the May general elections.

He told Putin he had formed the Government of National Unity (GNU) with several opposition parties to stabilise South Africa politically after the governing African National Congress received 40% of the national vote.

Putin was widely expected to use the 16th BRICS Summit in Kazan, Russia, to show the worldREAD MORE

The price of coal soared in 2023, reaching almost $300 a ton in parts of Europe. And it fell back just as fast to half that, and less in some regions. There’s always a spike in demand over the northern winter when homes and factories need heating, but last year was special. You see, Russia accounts for around 17% of the world’s coal, and sanctions panicked the market, until it became clear that Moscow is selling as much coal asREAD MORE

The New Development Bank serves as a significant platform for international cooperation that transcends the territorial boundaries, said Dilma Rousseff, president of the bank.

The BRICS countries are powerful economies with great potential and capacity for growth, Dilma Rousseff, president of the New Development Bank (NDB), has told Xinhua.

“Measured by GDP, the BRICS countries have already surpassed the G7 in importance,” said the former Brazilian president.

BRICS is an acronym for Brazil, Russia, India, China, and South Africa, fiveREAD MORE

The officials summarised the results of the Russian presidency this year and outlined priorities for the future in the document. The final declaration is published on the official website of the Russian President.

“A final declaration has been prepared, which contains general assessments of the state of affairs in the world, summarises the results of the Russian BRICS presidency, and defines the benchmarks of interaction for the long term” – Vladimir Putin, PresidentREAD MORE

Iranian doctors have successfully performed cornea transplantation using locally produced artificial corneas. 

Mahmoud Jabarvand, Chairman of Iran’s Ophthalmology Association, announced this landmark event, highlighting the efforts of Iranian scientists over the past five years to develop these artificial alternatives. This is reported by ParsToday, a partner of TV BRICS.

Jabarvand noted that in cases where patients suffer from stem cell degeneration affecting both eyes, native artificial corneas could be a viable solution when native stem cells cannot be used.

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Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, met with Abdulaziz Al-Sukran, Saudi Arabia’s Deputy of Saudi Arabia’s General Authority for Foreign Trade, to discuss strategies to strengthen and develop economic cooperation between the two countries in various sectors.

El-Khatib emphasised that Egypt and Saudi Arabia have strong bilateral relations based on years of cooperation and coordination. He noted the mutual desire and significant opportunities to double the volume of mutual trade and joint investments in the near future.READ MORE