CAIRO, Sept. 10 (Xinhua) — The Arab League (AL) on Sunday welcomed the admission of the African Union (AU) as a permanent member to the Group of 20 (G20), expressing hope that the pan-Arab organization would enjoy the same status. In a statement, AL Secretary-General Ahmed Aboul-Gheit welcomed the G20 leaders’ decision on AU’s entry into the group. On Saturday, G20 members agreed to grant permanent membership to the AU in an effort to make the group more representative.  The agreement…

BRICS leaders have invited six new members to join the powerful economic alliance of developing nations, marking the rise of the Global South in geopolitics and the world’s new political and financial architecture.  Saudi Arabia, the United Arab Emirates (UAE), Egypt, Ethiopia, Iran and Argentina officially join BRICS in January next year – in a paradigm shift that would rearrange international politics, dent the petro-dollar system and expedite the demise of the United States of America’s (U.S) empire.   The move…

The leaders of the BRICS countries approved the final declaration of the 15th summit of the association, called “Johannesburg-2”, said South African President Cyril Ramaphosa, which paved the way for Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE to join the economic alliance.  The text of the Johannesburg Declaration is published on the official website of the South African Department of International Relations and Cooperation. “As five BRICS countries, we have reached an agreement on the guiding principles, standards, criteria…

BEIJING, May 31 (Xinhua) — In the wake of World War II, the United States joined many Western countries and built the Bretton Woods system, laying the foundation for the current international monetarysystem and the global supremacy of the U.S. dollar. Almost 80 years later, the greenback is still the world’s dominant currency. Yet the United States, perhaps unintentionally, is accelerating the de-dollarization process because of its kick-the-can-down-the-roadstyle of addressing the destructive cyclical debt crisis, and the almost out-of-control impulse…

BEIJING, May 25 (Xinhua) — In the just-ended Group of Seven (G7) Summit in Japan, a symbolic show of solidarity couldn’t paper over cracks in the group. Selfish Uncle Sam has made it increasingly difficult for the bloc to forge a unified will as more countries realize that the world’s sole superpower is maneuvering to remould the group into a geopolitical tool forconfrontation and conquest. The mutual respect between the United States and its allies, if there is any, has…

The upcoming BRICS Summit in Johannesburg next month is important for South Africa, the African continent and the global south. The gathering of the world’s major developing countries is expected to discuss a common currency and admit or agree on criteria to admit new members.  Countries which have either applied or lined up to join the global South economic alliance include regional powers such as Saudi Arabia, Egypt, Argentina, Iran, the United Arab Emirates, Nigeria, Pakistan, Mexico, Algeria and Senegal. Formed…

Indian Prime Minister Narendra Modi, who chaired the virtual Shangai Cooperation Organisation (SCO) summit on Tuesday, said Iran was going to join as a new member of the organisation. Modi also welcomed the signing of a memorandum on Belarus’ commitment to SCO membership, as reported by ANI, a partner of TV BRICS. “I am happy that Iran is going to join the SCO family as a new member today. In this regard, I extend my best wishes to President Ebrahim…

BEIJING, July 4 (Xinhua) — Chinese President Xi Jinping said on Tuesday that the Shanghai Cooperation Organization (SCO) must rise to the call of the times, keep in mind its founding mission, and stay in unity and coordination to bring more certainty and positive energy to world peace and development. Xi made the remarks when addressing the 23rd meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) via video conference from Beijing. Xi said that…

The Organisation of African Unity (OAU), founded and launched on 25 May 1963, was the highest and the most concentrated expression of Pax Africana in the twilight of colonial domination in Africa. It was Africa’s epic united front against the cunning shenanigans of the then-retreating European colonial forces. The path to shaping and consolidating on this pan-African framework to tackle the burning issues of the time and the remnants of colonialism, and charting the course of total independence for all…

NISSAN Motor has announced some executive committee changes that will take effect from July 1. “In response to the constantly evolving market conditions, we will introduce a flatter and agile leadership structure, which will further empower regional and functional leadership,” said Makoto Uchida, President and Chief Executive Officer (CEO) of Nissan. “The new executive committee will work as a cohesive team to accelerate Nissan NEXT progress in the final year of delivery and formulate the next mid-term plan to realize…