An evolving bloc of major emerging economies
Ousted Bangladeshi premier Sheikh Hasina has said she will return to Bangladesh, insisting she must answer to her people. Speaking via videolink from New Delhi on the second anniversary of the 2024 uprising, she has pledged to confront the charges against her while Bangladesh seeks extradition and India says the request is under review. A memorial museum marks the uprising as Dhaka and New Delhi navigate a fragile reengagement.
Iran seeks membership in BRICS’ New Development Bank to diversify funding amid sanctions and war pressures. Tehran aims to use regional currencies for trade and to secure financing for infrastructure as it faces economic strain.
President Min Aung Hlaing has visited Moscow and held talks with President Vladimir Putin to deepen economic, energy and defence ties. The trip has included a Myanmar–Russia business forum and discussions about power plants, oil refineries and military cooperation; it follows a wider diplomatic push by Myanmar since contested 2026 elections.
President Trump has announced an "economic D‑Day" aimed at isolating Iran, warning any country or firm that provides a "lifeline" to Tehran will face "tremendous economic consequences." Treasury officials have signalled stepped-up secondary sanctions. Markets have reacted this week as crude has risen and US equities have fallen while Iran has rejected the move.
The Trump administration has mobilized a broad sanctions push to choke Iran’s economy, promising the toughest penalties in history. Officials say secondary sanctions will target countries and firms doing business with Tehran, with aims to isolate Iran and reopen the Strait of Hormuz as the war disrupts regional trade.
Chinese President Xi Jinping has arrived in Cairo for a state visit, his first to Egypt in a decade, to mark 70 years of diplomatic ties and sign economic and security agreements. Talks with President Abdel Fattah el-Sisi will focus on Gaza, Red Sea shipping, the Nile dam dispute, AI and expanded Chinese investment in the Suez Canal zone.
Church's Texas Chicken opens first China location in Shanghai, drawing long lines and sparking a side hustle around queueing services. Official data show services spending outpacing goods as catering revenue rises, while McKinsey notes foreign firms must invest to stay relevant in China’s evolving market.
Chinese president Xi Jinping has visited Cairo for the first time in a decade and has met President Abdel Fattah el‑Sisi. The two governments have signed new economic deals, launched a third phase of the Suez Canal industrial zone and discussed cooperation on artificial intelligence, defence and maritime security as regional trade routes face disruption from the US‑Israel war with Iran.
Zelensky has welcomed renewed diplomacy as US envoys Witkoff and Kushner engage with Kyiv and Moscow. The talks aim to revive a trilateral process, with Kyiv pressing for a negotiated settlement and Moscow signaling cautious openness. No breakthrough has been announced, and the conflict continues into the winter.
The U.S. has struck Iranian oil tankers, prompting retaliatory actions from Iran and attacks on a U.S.-linked base in Jordan. Tankers are waiting to transit Hormuz, raising the risk of major oil spills and wider conflict as global shipping faces disruption.
A passenger ferry, MV June Aster, has caught fire off Coron, Palawan. Rescue teams have recovered at least five dead and 43 survivors; authorities say 134 people were on the manifest and dozens remain unaccounted for as coast guard vessels and other ships continue search and recovery operations on Saturday, Sept. 12, 2026.
Leaders from BRICS are meeting in New Delhi for a summit that will test ties between India, China and Russia while India balances relations with Western partners. Japan's Okinawa has held a governor race that is reflecting economic concerns. Several Asian policy and business events this week include a Philippine AI infrastructure plan, a Huawei trial in New York and Hong Kong's BIOHK2026 conference.
Iran has warned it will not back down amid a U.S.-led naval blockade and attacks on its oil assets. The leadership views the confrontation as existential and is maintaining a stance to continue the fight, despite rising economic pressure.
Delhi is hosting a BRICS summit this weekend as security forces tighten controls across the city. Authorities have declared a public holiday, closed offices and schools, and diverted traffic to manage the security operation while residents face longer commutes and higher taxi fares.
BRICS leaders are meeting in New Delhi as tensions over US tariffs and dollar dominance shape the bloc’s cohesion. Washington’s use of tariffs and financial leverage is prompting BRICS members to seek greater economic independence, while the dollar’s reserve status remains strong.
BRICS leaders have convened in New Delhi amid efforts to shape a new multipolar order. While a joint declaration has been reached, divisions on Middle East war, trade imbalances, and regional alignments remain. Xi Jinping and Narendra Modi are steering the bloc toward strategic autonomy, with tensions over balancing Western influence and internal disagreements evident.
BRICS leaders gather in New Delhi as Xi, Putin, Pezeshkian and others meet India for a pivotal summit. The talks focus on expanding trade in national currencies, energy cooperation, and reforms to global institutions, with tensions over the Ukraine war, Middle East conflicts, and US-dominated financial systems at the forefront.
BRICS leaders are gathering in New Delhi as tensions over Ukraine, the Middle East, and U.S.-China dynamics test the bloc’s ability to find common ground. Leaders push for reforms to global institutions, digital collaboration, and currency diversification, while facing fractures over sanctions and regional conflicts.
Gulf states and Iran have been negotiating a temporary shipping framework for the Strait of Hormuz amid ongoing war-related disruptions. Oman and Iran are coordinating on routes while Bahrain has declined participation. Oil-price volatility remains as markets watch for a regional security framework to emerge.
Houthi forces have struck multiple sites in southern Saudi Arabia, causing fires and injuring dozens, the Saudi energy ministry has said. The Saudi-led coalition has reported at least 73 people injured in attacks on Abha, Khamis Mushait, Jazan and Najran and has vowed a firm military response. The Houthis have promised a statement on a "large-scale military operation."
Leaders from BRICS, including Modi, Putin, Xi and Pezeshkian, gather in New Delhi as the bloc weighs economic reforms, currency diversification, and responses to global conflicts. The summit faces pressure from Ukraine, the Middle East, and rivalries with Western powers.
BRICS leaders gather in New Delhi amid tensions from the US–Iran war, amid broader global upheaval. The expanded bloc faces divisions over how to respond to Middle East conflicts, energy markets, and trade wars, while stressing a Global South-led reform agenda.
The Houthis have expanded control along Yemen’s Red Sea coast, seizing a key island in Bab el-Mandeb and threatening global oil routes. Iraq and Iran-backed militias are implicated in attacks on the East-West Saudi pipeline, prompting Saudi closure and heightened regional tension as global oil markets brace for prices to rise.
A BRICS summit under India’s presidency has endorsed the New Delhi Declaration, pledging resilience, cooperation and sustainable development. Leaders highlight Africa engagement and private-sector role, while Bilateral talks explore investment, technology transfer and regional integration.
Ukraine faces intensified Russian air assaults aimed at crippling infrastructure ahead of winter. Ukrainian officials report casualties in Zaporizhzhia and Kryvyi Rih, while strikes hit Odesa and border crossings. Kyiv says Russia is trying to demoralize civilians and disrupt exports, as Moscow claims to be targeting military objectives.
BRICS leaders have adopted the New Delhi Declaration, calling for maximum restraint in the Middle East, protection of civilians and nuclear facilities, and opposing unilateral trade measures. The statement has avoided naming the US, Israel or Iran and authorised a payments task force to ease local‑currency settlements among members.
BRICS leaders have announced a new integrated early warning system for infectious diseases and reaffirmed support for a multipolar world order, calling for reforms to global institutions and greater use of local currencies in trade as ties among member states deepen. The summit underscores concerns over Middle East tensions and sanctions, while highlighting cooperation on food security, energy, digital infrastructure, AI and climate action.
Oil prices have extended gains amid reports of Houthi strikes on Saudi Arabia and Iran’s actions in the Gulf, with analysts warning inflationary pressures could rise and energy markets remain tight as pipelines face disruption.
China will lead a BRICS open-source AI community to support development of large language models, host seminars, and build an open AI ecosystem. Xi also proposes a BRICS digital cloud platform, digital-skills training, and youth exchange programs as the bloc expands its tech footprint.
Global AI governance discussions are accelerating as U.S. and China emphasize competitive dynamics and safety concerns. Amodei warns of a Chinese lead posing grave risks, while officials push for a cooperative framework on AI incidents and governance, amid divergent signals from Beijing and Washington.
The U.S. CENTCOM has confirmed an incident in which Iranian small boats attempted to seize a U.S. unmanned surface vessel. The U.S. responded forcefully, destroying two fishing boats after recognizing the threat to a naval drone. Iranian state media report fishermen missing after the strike near Hormozgan; oil prices surge as risk to shipping persists.
Beijing is positioning itself as a mediator in the Iran-US conflict as Xi Jinping prepares for a Washington visit. Wang Yi has urged restraint, while Iran and US are encouraged to return to dialogue; Iran’s nuclear and regional risks persist.
Saudi Arabia has declared Mecca a red line as Houthi strikes test a defence pact with Turkey and Pakistan amid a broader Iran-linked escalation. Attacks threaten Red Sea oil routes; Iran remains accused of backing Houthis. US involvement remains limited as allied efforts to bolster air defences unfold.
Chinese companies have closed much of the gap with U.S. firms in frontier AI models this year, producing competitive systems such as Moonshot AI’s Kimi K3, DeepSeek’s R1/V4 and Z.ai’s GLM series. U.S. export controls have limited Chinese access to advanced chips, but Chinese research, investment and model engineering have nevertheless produced narrow and fragile parity with U.S. models.
Xi has approached China-India relations with a strategic, long-term view, urging high-quality cooperation and expanded people-to-people and business ties. Modi thanks Xi for hosting the summit as BRICS eyes broader collaboration. Both leaders reaffirm a peaceful boundary settlement, while trade, supply chains and market access remain on the agenda.
The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 has cleared both houses, expanding sanctions on Russia and Iran and allowing tariffs of up to 100% on the top buyers of Russian energy. The bill carries broad support and highlights tensions with China and India, while drawing scrutiny over potential domestic costs.
The 81st UN General Assembly High-Level Week is under way as world leaders gather to assess climate action, pandemic preparedness, sea-level rise and progress on the SDGs. The week also marks milestones on development charters and anti-discrimination work, with diplomacy conducted largely behind closed doors.
President Donald Trump has hosted Chinese leader Xi Jinping for a ceremonial state visit in Washington that has focused on pageantry rather than major agreements. The two leaders have extended a trade truce to January 10, held private talks, attended a state dinner with US tech executives and staged a rare tarmac greeting and military flyovers.
World powers confront a disrupted multilateral order as calls for UN reform intensify amid rising great-power competition, unilateral actions, and debates over the UN's future role in maintaining global stability.
German foreign minister Johann Wadephul has met Russian foreign minister Sergey Lavrov on the sidelines of the U.N. General Assembly, the first bilateral talks since Russia invaded Ukraine in 2022. Wadephul has urged Russia to abandon escalation, pressed for a ceasefire and a Black Sea grain deal; Lavrov has said he heard "nothing new."
Incumbent Lula faces far-right rival Bolsonaro in Brazil’s pivotal presidential election. Polls show a tight race with a potential runoff on Oct. 25. Both candidates frame the contest as a choice over democracy, sovereignty and regional influence as Latin America shifts politically.