Brazil, one of the largest emerging economies in Latin America, is grappling with significant economic turbulence as a critical inflation report reveals persistent challenges. Published on July 10, 2025,

Brazil, Russia, India, China, and South Africa—has uniquely emerged as a geopolitical player. Since its establishment, it has transformed

The Philippines, Sri Lanka, Algeria, Iraq, Libya, Brunei and Moldova are the latest tariff targets. Read more at straitstimes.com. Read more at straitstimes.com.

China has abundant resources and means to counter adverse external impacts, and is confident and capable of promoting steady and healthy economic development, Li noted.

Any country aligning themselves with the anti-American policies of BRICS will be charged an additional 10% tariff."

FOR years, the emerging-market club of Brics appeared to lack momentum at successive summits. But that perception changed last year, with the club welcoming new members from the Global South, alongside its growing global economic footprint and efforts at non-Western innovation,

The BRICS Summit 2025, hosted by Brazil on July 6-7, brought together leaders of Brazil, Russia, India, China, and South Africa to discuss pressing global issues.