By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: The 15th BRICS Summit $USD $BTC $GLD
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Politics > America > The 15th BRICS Summit $USD $BTC $GLD
America

The 15th BRICS Summit $USD $BTC $GLD

Shayne Heffernan Ph.D.
Last updated: August 18, 2023 8:37 pm
Shayne Heffernan Ph.D.
Share
5 Min Read
brics
SHARE

The 15th BRICS Summit, to be held in South Africa’s Johannesburg next week, has received a lot of media attention in the months leading up to the event, underscoring the growing influence of BRICS over the past years.

Analysts believe what happens at Johannesburg will be watched with heightened interest, as the voice of the Global South, represented by major emerging economies in BRICS — Brazil, Russia, India, China and South Africa, has become increasingly important in addressing global challenges at a time of profound geopolitical changes, and the group has demonstrated great potential to improve the architecture of international relations.

Expectations are high about the outcome of the summit as its participants are expected to discuss the accelerated use of local currencies, strengthened cooperation to fast-track mutual growth, and the promotion of inclusive multilateralism, among other issues of common concern.

RISING INTEREST IN BRICS MEMBERSHIP

As per data released earlier this year from Acorn Macro Consulting, a British economic research firm, the BRICS group makes up 41 percent of the global population and accounts for 16 percent of world trade. The five BRICS countries now contribute about a quarter of the global GDP.

With its growing economic presence on the global stage and as one of the most important platforms for win-win cooperation among emerging economies and developing countries, BRICS is becoming increasingly attractive.

A worker arranges a signboard of the 15th BRICS summit outside the Sandton Convention Center in Johannesburg, South Africa, Aug. 17, 2023. The 15th BRICS summit is to be held in Johannesburg, South Africa, on Aug. 22-24. (Xinhua/Zhang Yudong)

“Twenty-two countries have formally approached BRICS countries to become full members. There’s an equal number of countries that have been informally asking about becoming BRICS members,” said South Africa’s BRICS Sherpa Anil Sooklal.

In an opinion piece published on the website of Dubai-based commercial magazine Arabian Business in June, UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan said more countries joining BRICS would provide “a compelling opportunity for growth and cooperation.”

In a column published on the website of Dubai-based English daily Gulf News recently, Osama Al Sharif, a journalist and political commentator based in the Jordanian capital Amman, said the increasing number of applicants joining BRICS has indicated “a sense of urgency by countries to address some of these challenges and strengthen partnerships away from Western influence.”

FAIRER GLOBAL GOVERNANCE

BRICS has “great potential in terms of creating the architecture of international relations,” Russia’s foreign intelligence chief Sergey Naryshkin was quoted as saying by Türkiye’s semi-official Anadolu Agency at the 11th Moscow Conference on International Security on Tuesday.

“The five BRICS nations are considering expanding the grouping by forging closer links across many areas of both economy and civil society. This is born of a long-held desire to increase the representation of developing nations in appropriately responding to shared global challenges,” the UAE foreign minister wrote in the opinion piece.

Signboards of the 15th BRICS summit are seen in a street of Johannesburg, South Africa, Aug. 17, 2023. The 15th BRICS summit is to be held in Johannesburg, South Africa, on Aug. 22-24. (Xinhua/Wang Guansen)

In the eyes of Adnan Mansour, who served as Lebanon’s foreign minister between 2011 and 2014, the Johannesburg summit will strengthen BRICS’ position in a world where the United States and its allies have been coming up with global trade rules that only serve their own advantage.

“The event will contribute to global stabilization, dialogue, partnership and progress,” he told Russian news agency TASS in an interview published earlier this week.

“At a time when there is so much criticism about how Western countries have failed to create a more equitable economic order in a world plagued by poverty, over-exploitation of the planet’s resources, pollution, famine and disease, BRICS+ could go a long way in addressing some of these challenges,” Al Sharif wrote.

Shayne Heffernan

You Might Also Like

Hotels as Art Galleries in Asia

125 Public Companies Now Hold Bitcoin

Ferrari Hypersail

Banking Apocalypse, Bitcoin’s Just the Beginning

Bitcoin at ATH, What Next?

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Shayne Heffernan Ph.D.
Follow:
Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
Previous Article a66b919df50840cab913eefdc6b0f9fa 1129806578 1692186712767 title0h China Asia Trade Booming
Next Article 6143 China EU Trade reached $847.3B
Buy Bitcoin

Buy Bitcoin

Latest News

Saint Francis of Assisi in Ecstasy Caravaggio c.1595
St. Francis: The Deeds You Do Today
Catholic Featured Headline News Lifestyle Lifestyles of the RIch and Famous Living Luxury Opinion Politics Shayne Heffernan July 11, 2025
Screenshot 26 6 2025 132527
Tokenization and the Future of Financial Markets
Bitcoin Blockchain DeFI Digital Assets Economy Headline News KXCO Politics USD July 11, 2025
photo 2025 03 03 07 22 06
InfoFi: The Latest Abomination in Crypto
Crypto Featured Headline News Shayne Heffernan on Investments July 10, 2025
czi0oawj8y561
Asia’s Growth Resilience Amid U.S. Tariffs
America Asia Asia Business Featured Headline News KXCO Politics USD July 10, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?