Amid geopolitical tensions, the BRICS bloc has called for fundamental reforms to the global economic system.
1 report, 1 independent
Updated Sep 14
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What happened
Amid geopolitical tensions, the BRICS bloc has called for fundamental reforms to the global economic system.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- BRICS is promoting local-currency settlement as a hedge and seeking urgent quota changes and a bigger voice within the global financial system.Sub-event
BRICS bloc calls for fundamental global economic system reform.1 source
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Part of
Geopolitical tensions and global protectionism are reshaping the world economy.Also in this story
- The aging population is placing significant strain on the economy of the world's fourth largest global economy.
- The ongoing Middle East conflict is causing significant disruptions to the energy market, impacting global oil prices and overall economic stability.
- The US has authorized oil sales under a temporary license, lifting punitive economic sanctions to boost global supply.
- A ceasefire agreement has been reported to influence stability within the oil market.
The entities involved
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BRICS
association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates