Latest news with #SPIEF
Daily News Egypt
6 hours ago
- Science
- Daily News Egypt
Russia and China to jointly produce mass spectrometers by year-end
Russia and China will launch the joint mass production of mass spectrometers based on femtosecond lasers by the end of the year, the president of the Skolkovo Institute of Science and Technology, Aleksander Kuleshov, announced. Speaking in an exclusive commentary at the St. Petersburg International Economic Forum (SPIEF) 2025, Kuleshov explained the division of labour in the project. The Russian side is responsible for the spectrometer itself, while the Chinese side is responsible for the femtosecond laser. A mass spectrometer is a device for analysing the composition of substances at a molecular level, allowing for a precise determination of which elements or compounds are in a sample. A femtosecond laser is a source of ultra-short laser pulses that provides high accuracy in measurements. Kuleshov emphasised that the project is being implemented through real technological cooperation with several Chinese universities, not just at the level of memorandums. 'This will be truly mass and, most importantly, inexpensive spectrometry,' Kuleshov said at the TV BRICS studio in the Roscongress International Cooperation Area. He noted that despite a popular belief that mass spectrometers are exclusively scientific equipment, they are in fact widely used for applications including product quality control. Kuleshov also emphasised that joint initiatives within BRICS give Russia access to a wider market.
Daily News Egypt
6 hours ago
- Business
- Daily News Egypt
Honduras considers BRICS as part of shift towards multipolar cooperation, minister says
Honduras considers the BRICS group of nations as part of a shift towards multipolar cooperation and may apply for full membership in the future, the country's minister of strategic planning said. Speaking at the St. Petersburg International Economic Forum (SPIEF) 2025, Ricardo Salgado Bonilla said the country has a growing interest in global platforms that promote inclusive and equitable cooperation. He said the forum, held under the motto 'Common Values – the Basis for Growth in a Multipolar World,' offers an environment 'that is inclusive, where we can talk about our expectations with people who are interested in investment.' In an exclusive commentary, the minister discussed Honduras' recent application to join the BRICS New Development Bank (NDB), framing it as a step towards broader international cooperation. 'So for us it's a big step to take a look at the world to go and ask for being a part of this new bank, and, why not in the coming future also applying for a membership in BRICS,' he said at the TV BRICS studio in the Roscongress International Cooperation Area. Honduran President Xiomara Castro submitted an official request for the country to join the New Development Bank of BRICS during her visit to China in June 2023.
Daily News Egypt
6 hours ago
- Business
- Daily News Egypt
Russia's Putin says BRICS now 40% of global economy, calls for new growth model
The BRICS group of nations now accounts for 40% of the global economy, Russian President Vladimir Putin said, adding that the world is undergoing its most significant transformation in decades. Speaking at the plenary session of the St. Petersburg International Economic Forum (SPIEF), Putin said the influence of the BRICS countries has grown from 20 per cent of the global economy at the beginning of the century. He said Russia is proposing a new model of growth that is open, fair, free, focused on citizens' needs, and considers national interests. 'Russia invites its partners to contribute to the formation of a new global growth model, to jointly ensure the prosperity of our countries and the stable development of the whole world for many, many years to come,' the president said. Putin recalled that at the BRICS summit in Kazan, 35 countries noted the need for a new model of the world. He emphasised that dozens of countries are already implementing large-scale projects in nuclear energy, AI, aviation, and IT, and that trade between these countries has exceeded US$1 trillion. He also outlined key structural changes in the Russian economy, focusing on technological flexibility and high speed of implementation of solutions. Other world leaders at the forum echoed the theme of a changing global order. South African Deputy President Paul Mashatile emphasised that the topic of multipolarity is central in a changing world. He noted the active cooperation between Russia and South Africa in BRICS and the G20 and called Russia a key player in areas such as energy, food security, artificial intelligence and space. Mashatile focused on the growing demographic and industrial role of Africa. 'Africa is looking for partnerships based on equality, equal access to capital markets, knowledge and technology. It is in this regard that global platforms such as the St. Petersburg International Economic Forum become particularly important for us,' he said. The deputy president recalled that the continent's population will exceed 2.5 billion by 2050 and emphasised Africa's commitment to digital transformation, regional integration and the creation of a free trade area. Chinese Vice Premier Ding Xuexiang said that China will continue to promote a policy of openness and strengthen economic cooperation with developing countries. 'The civilisations of the world must develop through mutual enrichment, based on equality, dialogue, and respect for diversity. Every nation has the right to choose its own path and realise its own values,' he emphasised. National Security Advisor Nasser bin Hamad Al Khalifa of Bahrain thanked Russia for the invitation to the forum, recalling the King of Bahrain's visit to Moscow in May 2024 and stressing the importance of dialogue with President Putin. The sheikh praised Russia's economic policy, especially in the areas of industry and energy. 'This policy plays an important role in the development of strategically important sectors of the economy. […] It has a positive impact on the international investment climate. Russia is strengthening its economic relations with countries in our region and other states,' he said. According to him, Bahrain aims to expand international partnerships, including with Russia.
Daily News Egypt
7 hours ago
- Business
- Daily News Egypt
Russia's Zakharova: BRICS responds to challenges with practical action
The BRICS group of nations responds to many of today's challenges with practical action, the director of the Russian foreign ministry's information and press department Maria Zakharova said. Zakharova made the comments at the St. Petersburg International Economic Forum (SPIEF). Speaking at the TV BRICS studio in the Roscongress International Cooperation Area, she discussed the role of BRICS countries on the global stage and the significance of the forum for participants from dozens of nations.
Daily News Egypt
7 hours ago
- Business
- Daily News Egypt
Thailand confirms interest in strategic cooperation with BRICS
Thailand has confirmed its interest in strategic cooperation with the BRICS countries and aims to significantly increase bilateral trade and deepen industrial cooperation with Russia, the chairman of the Federation of Thai Industries (FTI) said. Speaking in an interview at the St. Petersburg International Economic Forum (SPIEF), Kriengkrai Thiennukul highlighted the long-standing friendship between the two nations and a previously announced goal to boost trade. 'We have to sign the MOU that has been announced many years ago […]. The two organisations, the Thai-Russian Business Council and the Russian-Thai Business Council, have to boost the bilateral trade volume between two countries. We set the goal at US$10 billion because at that time the bilateral trade volume between two countries is lower than our potential,' he said. The FTI chairman underlined the importance of stepping up bilateral engagement amid global economic shifts in interview with TV BRICS. 'This is a good time for our two countries to explore more opportunities and increase exchanges – not only people-to-people and tourism, but also in trade and investment on both sides,' he said at the TV BRICS studio in the Roscongress International Cooperation Area. Commenting on Thailand's recognition as a BRICS Partner Country in 2025, Thiennukul highlighted the group's demographic and economic significance, noting that joining BRICS would open new opportunities for Thailand. He also stressed the importance of cooperation in the industrial sector, linking it to the country's economic strategy. 'This is also the strategy of the Thai people, because in Thailand, as you know, our GDP relies 60% on exports. So we are looking for new markets. This is the way forward, and we are excited about the prospect of becoming a BRICS member in the near future.'
