International Relations NewsFeed

Zelensky Demands Expanded Sanctions on Russian AI Tech

President of Ukraine Volodymyr Zelensky has called for international partners to extend their export controls to cover AI technologies used by Russia in its war against Ukraine, in addition to existing sanctions against Russia.

https://www.ukrinform.net/rubric-society/4011994-russia-exploits-ai-in-circulating-propaganda-ukraine-intel.html

Zelensky Praises 'Best Ever' Call with Trump

Ukrainian President Volodymyr Zelensky described a phone call with US President Donald Trump as "the best ever" and "most productive", marking a significant development in their diplomatic efforts amid ongoing tensions between Ukraine and Russia.

https://www.fakti.bg/en/world/983838-zelensky-on-his-conversation-with-trump-the-best-ever

African Nations Back UN Reform with Brazil, India Seats

African nations have reached an agreement on the composition of a reformed United Nations Security Council, endorsing seats for Brazil and India, but leaving the representation of African interests open.

https://www.tbsnews.net/world/leaders-growing-brics-group-gather-rio-summit-1182061

BRICS Nations Unite for Economic Reform

The BRICS group of nations, including Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates, gathered in Rio de Janeiro to discuss a new formula for international monetary cooperation. The ministers called for a weighted quota system that reflects economic output and purchasing power, with a focus on protecting the interests of low-income countries. They also proposed a new guarantee mechanism backed by the New Development Bank (NDB) to lower financing costs and boost investment in developing economies.

https://www.brecorder.com/news/40371341/brics-finance-ministers-make-unified-proposal-for-imf-reforms

Canada Considers Aid for Rio Tinto Amid Tariffs

Canada is considering offering financial support to large aluminum producers like Rio Tinto if a US-led trade war continues beyond July 21, according to Aluminium Association of Canada CEO Jean Simard. The talks come as Ottawa tries to reach a deal with the US over tariffs on aluminum imports, which have been at 50% since June 4 and are expected to impact Canadian businesses' cash flow if prolonged. Federal industry minister Mélanie Joly has already had conversations with Rio Tinto about providing financial assistance due to the tariffs, while some Japanese buyers have agreed to pay a premium of $108/T for aluminum imports.

https://www.brecorder.com/news/40371334/canada-could-financially-back-aluminum-producers-if-50-us-tariffs-persist-trade-group-says

China Skips BRICS Summit, Eyes Energy Deals

According to Brian Wong, an associate professor at the University of Hong Kong, China's absence from the BRICS summit should not be seen as a rejection of the group. Instead, Rio Li is likely to focus on strengthening energy ties with major oil-exporting countries and promoting the use of China's offshore and digital currencies for intra-group trade, reflecting Xi Jinping's foreign policy priorities.

https://www.fakti.bg/en/biznes/983899-cnn-xi-jinping-to-miss-brics-summit-for-first-time

India Stands Firm on Tariff Negotiations with US

India will continue negotiations with the US over tariffs until its national interests are protected, aiming for a favorable outcome while maintaining strong bilateral cooperation.

https://www.lokmattimes.com/technology/s-korea-to-deepen-manufacturing-cooperation-in-trade-talks-with-us-1/

India-US Trade Deal Talks Heat Up

India-US trade deal talks are underway, with industries preparing for potential outcomes. The Confederation of Indian Industry (CII) President has emphasized the focus on national interest in these negotiations. Companies such as Adani Enterprises and Tata Motors are among those closely watching the developments. The outcome could impact various sectors, including finance and technology.

https://www.livemint.com/economy/india-us-trade-deal-industries-prepared-for-trade-talks-outcome-national-interest-in-focus-says-cii-president-11751791792878.html

Mercosur Diversifies Trade with China and Japan

The Mercosur region is strengthening its economic ties with Asian countries such as China and Japan to counterbalance the impact of the US-China trade tensions, led by President Donald Trump. This move aims to diversify their trade relationships and reduce dependence on the US market.

https://www.batimes.com.ar/news/world/modi-and-milei-vow-to-boost-trade-after-buenos-aires-meet.phtml