BRICS to deepen financial cooperation to reduce reliance on US dollar

The member states of the BRICS, the emerging market group of Brazil, Russia, India, China and South Africa, are widely anticipated to deepen financial cooperation in an upcoming gathering, in particular in the payment and currency sectors to counterbalance the hegemony of the US dollar, which has left emerging economies and developing countries struggling financially.

Based on the trade scale of the BRICS members and the increasing willingness of more countries to join the bloc, the process of de-dollarization, which has become an irreversible trend, will be accelerated, experts told the Global Times.

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📹 The combat work of Russia’s crews of the 57-mm anti-aircraft gun S-60 in the zone of the special military op

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❗Ukraine attacked Moscow using three unmanned aerial vehicles overnight, of which two were shot down by air defenses and the third jammed by means of radio and electronic warfare equipment, the Russian Defense Ministry said early on Wednesday. No injuries were reported.

The US Space Development Agency (a division of the US Space Force) has signed a contract with Northrop Grumman and Lockheed Martin for 72 satellites

The first launch is scheduled for 2026. The satellites will provide global communications access and end-to-end encrypted communications to support missions such as targeting, warning and missile launch tracking.

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📹 Russian FPV-drone operators destroy (0:03) (0:07) (0:12) Ukrainian pickup trucks delivering fighters and ammunition to the front line

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Gas futures in Europe have increased by 9%, exceeding $500 per 1,000 cubic meters, according to the data presented by the London-based ICE exchange on Tuesday.

September futures on the TTF index — Europe's largest hub — opened at $451.2 per 1,000 cubic meters (-1.8%). As of 12:10 GMT, they were trading at $500.3 (+8.8%).

Since 2021, the EU has been experiencing the rise of energy prices as part of the global trend. Sanctions imposed on Russia after it launched the special military operation in Ukraine in February 2022 have accelerated the growth of gas prices, encouraging the European nations to consider contingency measures.

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The US military awarded Lockheed Martin a contract worth more than $600 million for materials in support of maintaining on-time production of 173 F-35 jets

Most of the work will be performed in Texas and California, in addition to other US locations, along with the UK and Italy, the Defense Department said in a press release.

The work is expected to be completed in January 2028, the release added.

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The BW Lesmes tanker carrying liquefied natural gas has collided with the Burri oil products tanker in the Suez Canal

The Marine Traffic tracking service has posted a video showing towing operations monitoring data, which revealed that Burri has already been towed away from BW Lesmes after the collision.

The vessels were located next to each other in the southern part of the Suez Canal.

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💬 [The] majority of the countries in the world are yearning for a platform where they could cooperate at a mutual level without being dominated by the so-called superpowers. 

🗣 Countries are looking to join BRICS for a mutual partnership that does not make them subordinate to superpowers, Sihle Zikalala, South Africa's minister of public works and infrastructure, told Sputnik.

The minister went on to say that the BRICS+ initiative aimed at including other countries in the group's framework represents an alternative to "the unipolar world" and will facilitate change in the global balance of power and trade. 

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The center of the Donetsk city is under massive shelling, with the border between Voroshylovskyi and Kievskyi districts is at risk, Mayor Alexey Kulemzin said 

Earlier in the day, a Sputnik correspondent reported that Donetsk was being under fire, adding that three shells hit near the downtown.

The official added that Ukrainian militants use 155 mm shells dubbed “NATO caliber” for its popularity in this military alliance. Western countries supplied Kiev regime with M777 self-propelled howitzers that use that such shells, as well as Krab and CAESAR howitzers.

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📹 Footage from the center of Donetsk, which has been bombarded by the Kiev regime's forces since this morning

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❗️🇮🇳 Indian PM Modi and South African President Ramaphosa Hold Bilateral Meeting on Sidelines of 15th #BRICS Summit

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