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BRICS adds new members to counter Western dominance

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The expansion is the first time the group has added to its number in 13 years

The BRICS coalition of emerging economies recently endorsed the inclusion of Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates, signalling a stride toward overhauling an antiquated global order.

Marking its first expansion in 13 years, this move also leaves the door open for future additions as numerous other nations express interest in joining the group, aspiring to rebalance the worldwide stage.

The extension bolsters the economic prowess of BRICS, currently encompassing China, the world’s second-largest economy, alongside Brazil, Russia, India, and South Africa. This step further magnifies the bloc’s stated ambition to advocate for the Global South.

However, pre-existing tensions may persist between members envisioning the bloc as a counterforce to Western influence—chiefly China, Russia, and now Iran—and those maintaining strong affiliations with the United States and Europe.

Chinese President Xi Jinping, long an advocate of BRICS enlargement, hailed this as a momentous juncture.

“This membership expansion is historic,” he said. “It shows the determination of BRICS countries for unity and cooperation with the broader developing countries.”

With the name originally coined by economist Jim O’Neill of Goldman Sachs in 2001, the bloc evolved from an informal four-nation union in 2009 and later welcomed South Africa in its sole prior expansion.

The six incoming nations are set to formally join the coalition on January 1, 2024, as disclosed by South African President Cyril Ramaphosa during a summit held in Johannesburg.

“BRICS has embarked on a new chapter in its effort to build a world that is fair, a world that is just, a world that is also inclusive and prosperous,” Ramaphosa said.

“We have consensus on the first phase of this expansion process and other phases will follow.”

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Taylor Swift named Time magazine’s Person of the Year

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Taylor Swift has emerged victorious in a prestigious competition for Time Magazine’s Person of the Year, surpassing stiff contenders such as Barbie, King Charles III, and Sam Altman.

In a surprising turn of events, the globally renowned pop sensation, known for her chart-topping hits and captivating stage presence, has captured the hearts and minds of millions worldwide, cementing her status as a cultural icon.

Swift’s impact extends far beyond the realm of music.

Her relentless advocacy for social causes, from gender equality to LGBTQ+ rights, has resonated deeply with a diverse audience, transcending boundaries and generations. Time Magazine acknowledges her remarkable influence on society, celebrating her not only as an artist but as a force for positive change.

The news of Swift’s triumph has ignited discussions across the globe, sparking debates on the significance of pop culture in shaping the world’s social and political landscape.

Her journey from country sensation to global superstar and activist exemplifies the power of artistry and advocacy to make a profound impact.

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Andrew Forrest demands fossil fuel executives’ accountability at UN COP28

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Mining magnate and philanthropist Andrew Forrest made an impassioned call for accountability during a sideline interview at the UN COP28 climate conference.

In an extraordinary outburst, Forrest demanded that fossil fuel industry leaders be held responsible for their contributions to climate change.

Speaking to reporters, Forrest stated, “It’s time for the heads of fossil fuel executives to be on spikes – not literally, of course, but figuratively. We cannot continue to ignore the devastating impact these industries have on our planet. The time for action is now.”

Forrest’s comments come as world leaders gather to address the climate crisis and set ambitious targets for reducing carbon emissions. He emphasized the urgent need for a transition to cleaner energy sources and a shift away from fossil fuels.

The mining billionaire’s outspoken stance has sparked a debate among conference attendees, with some applauding his fervor for climate action and others cautioning against such extreme rhetoric.

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Putin meets Saudi Crown Prince in Gulf visit

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Russian President Vladimir Putin embarked on a rapid Gulf visit, meeting with Saudi Crown Prince Mohammed bin Salman. The leaders discussed regional stability, energy cooperation, and potential arms deals during their whirlwind meeting.

Putin’s visit to Saudi Arabia underscores the growing diplomatic ties between Russia and Saudi Arabia. Both countries have found common ground on various issues, from oil production to efforts to stabilize the Middle East.

One of the key topics on the agenda was energy cooperation. Russia and Saudi Arabia are both major oil producers, and discussions centered on maintaining stable oil prices in global markets. This partnership has been crucial in stabilizing oil markets in the past.

Another significant aspect of the meeting was the discussion of potential arms deals. Russia has been a major arms supplier to Saudi Arabia in recent years, and the leaders likely explored the possibility of further military cooperation.

The visit also aimed to strengthen diplomatic ties and promote regional stability. Putin and Prince Mohammed bin Salman emphasized the importance of dialogue and cooperation in addressing regional challenges.

 

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