Latest news with #Brics2025
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First Post
12-07-2025
- Business
- First Post
Rio de Janeiro pitches to become permanent home of Brics, mayor hopes to boost city's global profile
Rio de Janeiro Mayor Eduardo Paes has sent a letter to Brazilian President Luiz Inácio Lula da Silva, formally expressing the city's interest in hosting the bloc's headquarters read more Leaders from Brazil, China, Russia, India, Indonesia, South Africa, Egypt, Ethiopia, the UAE, and Iran pose for a family photo during the BRICS Summit in Rio de Janeiro on July 6. (Reuters) Rio de Janeiro is making a bold pitch to become the permanent home of the Brics economic bloc, which currently lacks an official headquarters. Following the Brics 2025 summit at the city's Museum of Modern Art, Mayor Eduardo Paes sent a letter to Brazilian President Luiz Inácio Lula da Silva, formally expressing the city's interest. Brics, founded in 2009, now includes Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa, and the United Arab Emirates. STORY CONTINUES BELOW THIS AD Representing about 46 per cent of the world's population and 37 per cent of global GDP, the group aims to foster economic cooperation, global governance, and sustainable development among emerging economies. Rio's proposal seeks to give Brics a stronger institutional foundation, as the bloc currently operates without a fixed headquarters, general secretariat, or dedicated diplomatic team. Brazilian Jockey Club building proposed as potential HQs To sweeten the deal, the city has offered the historic Brazilian Jockey Club building in downtown Rio. Designed by modernist architect Lúcio Costa—famous for planning Brasília—this 12-story, 8,300-square-meter (nearly 90,000-square-foot) building opened in 1972, with landscaping by Roberto Burle Marx. It would need about R$100 million (US$18 million) in renovations, based on a 2019 estimate. City Hall argues the building's central location and historical significance make it a fitting home for an international organisation. The plan hinges on negotiations with the Jockey Club Brasileiro, which could see its R$220 million in unpaid municipal taxes forgiven in exchange for the property. 'Rio fully supports multilateral efforts to consolidate Brics as a decisive forum for the 21st century,' Paes said. 'We are ready to welcome representatives from member countries and provide the appropriate infrastructure and setting for the group to advance its discussions on an ongoing basis.' If successful, the site would house offices, host meetings, and serve as a hub for Brics representatives to coordinate projects and policies. City officials believe a Brics headquarters in Rio would boost Brazil's global influence, elevate the city's international profile, and stimulate the local economy through foreign investment, tourism, and job creation. STORY CONTINUES BELOW THIS AD
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Business Standard
07-07-2025
- Business
- Business Standard
EAM Jaishankar meets counterparts from Iran, Mexico at Brics Summit
External Affairs Minister S Jaishankar held a meeting with his counterparts from Iran and Mexico on the sidelines of the Brics Summit in Brazil's Rio de Janeiro on Sunday (local time). Jaishankar met Mexico's Secretary of Foreign Affairs, Juan Ramon de la Fuente. The two leaders discussed further advancement of the partnership, focusing on health, digital, technology and space. Pleased to meet Juan Ramón de la Fuente, Secretary of Foreign Affairs of Mexico in Rio de Janeiro today. Discussed further advancement of our partnership focusing on health, digital, technology and space. @SRE_mx???????? ???????? — Dr. S. Jaishankar (@DrSJaishankar) July 6, 2025 In a statement shared on X, Jaishankar stated, "Pleased to meet Juan Ramon de la Fuente, Secretary of Foreign Affairs of Mexico, in Rio de Janeiro today. Discussed further advancement of our partnership focusing on health, digital, technology and space." Jaishankar met with Iran's Foreign Minister, Seyed Abbas Araghchi, in Rio de Janeiro and held talks focused on recent regional developments. "Glad to meet FM @araghchi of Iran this evening. Our conversation focused on recent regional developments," Jaishankar posted on X. Earlier, Jaishankar also held a meeting with his Russian counterpart Sergey Lavrov on the sidelines of the Brics Summit on Sunday and discussed bilateral cooperation, West Asia, the Brics, and the Shanghai Cooperation Organisation (SCO) In a post on X, Jaishankar stated, "Good to meet with FM Sergey Lavrov of Russia on the sidelines of #Brics2025. Discussed bilateral cooperation, West Asia, Brics and SCO." Russia's Ministry of Foreign Affairs also shared a picture of Jaishankar and Lavrov, stating that the two leaders held talks on the sidelines of the Brics Summit. "Russia's Foreign Minister Sergey Lavrov and Minister of External Affairs of India @DrSJaishankar hold a meeting on the sidelines of the XVII #Brics Summit. Rio de Janeiro, July 6," Russia's Ministry of Foreign Affairs posted on X. The 17th Brics summit held under Brazil's Chairmanship brought together leaders from Brazil, Russia, India, China, South Africa, as well as new members Egypt, Ethiopia, Iran, the UAE, and Indonesia. During the Brics Summit on Sunday, Prime Minister Narendra Modi asserted that condemning terrorism must be a "principle" rather than a matter of "convenience", describing it as the "most serious challenge" for humanity in the current global scenario. Addressing the Brics Session on Peace and Security, PM Modi highlighted the recent terror attack in Pahalgam in Jammu and Kashmir on April 22 as a stark reminder of terrorism's threat to global peace and called for unwavering international solidarity. He stated that the attack was a blow to the "soul, identity, and dignity" of India, acknowledging the international support that the nation received in solidarity."Terrorism has become the most serious challenge for humanity today. "Recently India faced an inhuman and cowardly terrorist attack. On 22 April, the terrorist attack in Pahalgam was a direct attack on the soul, identity, and dignity of India. This attack was a blow not only to India but to the entire humanity. In this hour of grief, I express my heartfelt gratitude to the friendly countries who stood with us, who expressed support and condolences," the PM stated. "Condemning terrorism should be our 'principle', not just a 'convenience'. If we first see in which country the attack took place and against whom, then it would be a betrayal against humanity," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
