Xi to attend BRICS Summit in South Africa next week

Chinese President Xi Jinping is set to attend the BRICS leaders’ meeting and visit South Africa from August 21 to 24. The BRICS summit brings together leaders from Brazil, Russia, India, China, and South Africa, aiming to discuss ways to enhance their collective influence on the global stage.

The BRICS countries collectively account for a quarter of the global economy and are seeking to challenge the dominance of Western powers in global affairs. The leaders’ meeting in Johannesburg will focus on expanding the group’s influence and potentially welcoming new members.

Russian President Vladimir Putin, who faces an international arrest warrant over alleged war crimes in Ukraine, will attend the summit via a video call instead of being present in person.

Approximately 40 nations have expressed interest in joining BRICS, either formally or informally, with countries like Saudi Arabia, Argentina, and Egypt showing interest. China has been supportive of expansion as it aims to increase its global influence, while Russia is also in favor of expansion. However, Brazil is cautious about expansion, fearing that it could dilute the club’s standing. India’s stance on expansion remains uncertain.

In addition to participating in the BRICS meeting, President Xi will co-chair the China-Africa Leaders’ Dialogue with South African President Cyril Ramaphosa. This reflects China’s ongoing efforts to strengthen its relationships with African nations and promote its geopolitical influence in the region.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You'll get daily industry insights on

Energy, Cleantech, Oil & Gas, Mining, Defense, Aviation, Construction, Transportation, Online Retail, Bigtech, Finance and Politics of Business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

TotalEnergies acquires 40% stake in Norway CO2 storage project

TotalEnergies, the French energy major, has entered into an agreement to acquire a 40% participating interest held by CapeOmega Carbon Storage AS, a subsidiary of CapeOmega AS, in the CO2 storage exploration license ExL004, also known as the “Luna” project. ExL004 covers an area of 453 square kilometers and is located 120 km offshore Bergen in 200 meters of water depth. The license is adjacent to the site of the Northern Lights CO2 storage project, in which TotalEnergies already holds a 33% participating interest. The first phase of the Northern Lights project is set to begin in 2024.

Uranium demand for nuclear reactors expected to double by 2040

The World Nuclear Association (WNA) has released a report stating that demand for uranium in nuclear reactors is expected to increase by 28% by 2030 and nearly double by 2040.

India sets emission rule for green hydrogen classification

The Indian government has established a crucial emissions limit for the production of “green” hydrogen from renewable sources. The Ministry of New and Renewable Energy announced that in order to be classified as “green,” every kilogram of hydrogen produced should have emissions limited to two kilograms of carbon dioxide. This move aims to provide clarity to the green hydrogen production landscape in India.

Stay informed

error: Content is protected !!