[000:00:00;00] the the, the collective rise of emerging markets and developing countries represented by briggs, is fundamentally changing the global landscape. no mountains can stop the surgeon flow for my 2 rivers. china prizes deep solidarity among the brakes. members saying he promotes global multiple r t and great the democracy in international relations was during the 1st day of the block. some it's been south africa visiting presidents also recognized brakes as a driving force of a global growth while talking about the bumps which even suit the 1st break summit. our share in the global economy has been increasing. and now

we have already surpassed the g 7 plus in russia prepared to send grades, shipments to optic, and for free us as president routine says the must go for remain a reliable supply in defiance of illegitimate functions, to speak to stifle program. the welcome to the international moneys pizza scott's spring new old, the latest from one headquarters every most common day. one of the 15th annual breaks summits has wrapped up in johannesburg. the major geo political events attracts, would lead us politicians on bright minds from all over the world with multiple r i c, and a just will order at the top of the agenda. lots these nick, aaron, a new new waco are covering the summit from us special studio at the event. the hello and

a very well and welcome to well beautiful rooftop studio. here in the heart of johannesburg, i'm vicky arran and i'm new waco, and we're going to be with you through out to be 3 day break. so i'm explaining you all the very latest updates. thanks so much for joining us. now. one of the highlights of today was the bricks, business for the latest on look, what top officials were member states address the summit, as now drawing, drawing to a close during his summit to be a chinese commerce when they're so long wins. how held for it, cuz of a powerful color and that will change the global landscape. in fact, as a chinese philosopher observes, changes the nature of the universe. the collective rise of emerging markets and developing countries represented by brooks, is fundamentally changing the global landscape. no mountains can stop the surgeon flow for my 2 rivers. whatever resistance there may be breaks a positive and stable force for good will continue to grow expensive birds plus

modal. actively advanced membership expansion deep solidarity incorporation with all the emerging markets and developing countries promote global multiple, etc, and great to democracy and international relations and help make the international order more just and equitable. so let's get the latest updates now from i'll ask, look at the correspondence that know the icon, gay and caroll butler toddler sized it to you and the guy, the chinese representative. he spoke about the changes that fritz nations could accomplish when they worked together. tell us more about his remarks, please. the will of course in the queue that he's absent one when top the comments, the minister in china really leaving us. i'm strong statement b williams who was delivering to this piece on behalf of off the president was using think the minister even for the state to jeff and said that china continued

to remain open and commit to just a few chess or other c to nation sits in the countries, it's in the global salsa and even further seeing that the effects of the world does not need not include, in fact, needs of a strong and peaceful place to live in today's generations and generations or to comments. and i can't, i can approach ways you see that many emerging markets i have become strong, got off to say to offer you your call colonialism. and that it is very necessary to continue the partnerships of each calibrations that we continue to talk about and continue to see a month these brief nations. and these, the breaks the screens outside of the breaks block. and i guess the speed to off economies of the was the time did when the prime minister of india was saying that 5 to the uncertainty and 5 to be when the tennessee, with any global marketing, the global economy, india remains and continues to be the fastest growing economy now with these

partnerships that we're talking about, and these collaborations as you can only imagine when they continue to be forward, you can only imagine how much stronger these are the rich nations can become. as the result of that, in fact, that's of a quick listen to the prime minister, the basic as well as the table talked about in the last 10 years. the bricks, business council has played a vital role in enhancing economic cooperation during the economic crisis breaks emerged, fletcher ray of hope for the global economy. and now, mid depend, demik attentions and disputes. we deal with economic challenges and the role of despite volatility in the global economy. india is the worlds fastest growing major economy. very soon, india will become a 5 trillion dollar economy. is absolutely no doubt to move that in the coming and what is being the it will be the growth injures or the well, the reason for this is that india has converted crisis and difficulties going to opportunities for economic improvement. we're laying the foundation for a new future for india out of

the imagine the kinds of partnerships and collaborations with the time sheets like india. what that to do to countries like so that's my guess, but i think this goes back to what we were talking about earlier. the kinds of appointments that were mentioning and one of those being the fact that the g 7 nations, the hiring needs bits of competitions to the brakes um, not locked. in fact, a lot of people think that we've established the rich nations was that should be in dr. lender petitions, did you say of nations and today really got a clear understanding of what that kind of sent to me because all of these really issues and emphasize on the fact that it's, that is not to which patients all performing at their own pace to a point that to be the breach, they usually have given us the cost of these different nations of heating,

economy rose to offer these countries. and i think that really provides some sort of understanding and some sort of uh, misuse, a for everyone to understand that there's no central petitions. yeah. and i think this is also the same to me, is better suited fibrous those, the souls thus, when he also mentioned that the growth and cannot accept the colonial system. and a lot of points was also made to by the present indeed us and i guess to mr. quickly take, listen to what he had to say to quickly understand what i'm talking about. show to the past from the 1st break summit, our share in the global economy has been increasing and now we have already surpassed the g 7. we advocate for great, thank you ma'am. again to gratian where we could have a new car in a city that would not replace our national currencies. by diversifying our economies and currencies, we promote cooperation between developing countries. we cannot accept a new form of colonialism that imposes 3 barriers and discriminative measures move

. the, i guess today was really a reminder of how briggs was born on how we pass the cost overtaken. can you see if it's and also where it is the here doing at this particular the moment, this is i, the people did not get to the same message that we are getting time in speech. then it's really a critique. this really cemented that the kind of role did that to the brakes nations and the pick speed is taking clarity that's go to the corresponding cause all but let's not, let's focus through some of the main point. simple say of the world. lead is, as i said at this on it, well, i felt that vladimir puts in no, really, even though he was joining us by video link, i've felt that even the audience felt his presence and, and he spoke of

a man of intense that while what you know what he says, a legal sanctions that have been really brought upon by the wes unilaterally without even thinking any kind of supporter on the world has really come to cause not only not only developing ations, but some of the most porous nations of the world, the new finding those particularly more new ones share on the african content in front of me, which is spoke about the fact that these sanctions have really no legs to sky rocketing prices of basic food and agricultural stuff that it's, it's the west ultimately, that causes the chaos and they continue to profit from the chaos. speaking about the fact that the green deal that was agreed last year, facilitated by to kia as well as the united nations, really went to serve as the interest of those that cause the chaos in the 1st place . but this, this, this funds by the way,

that is really stands against the rules based on that, that has been agreed upon that they cannot unilaterally place sanctions on countries and, and just the move on and let others pay the price. and also that was a much, much more new us moment of where brigs wants to be, way cooperation could lead these countries. and where really, where, where cooperation can, can you, much as the wind out of the day, not punishment as it has been in the case of the west. he has letting me up with him in his own words, 2 years and you get, given the, you know, the international economic situation is being seriously affected by the legitimate sanctions and the legal, freezing of assets of sovereign states. this essentially amounts to we trampling upon all the basic rules of free trade and economic life. resource shortage was

increased in equality and rising unemployment and our direct consequences. prices on food at the end. the basic agricultural products have skyrocketed in yet, and it is the most vulnerable tourist countries that are hit the hardest. and then what russia is and will remain with a responsible supplier of food to africa with the russian green exports to africa. amounted to 11500000 tons in 2022. and that's because despite the unlawful sanction is imposed on us seriously complicated logistics and hinder the export, the russian food products and the puts. and really speaking about the fact that russia and the brakes putting us already to seek an alternative, should that be barry is placed before them by any of the western countries that this head, the money that they have had, and enjoyed over the last centuries is no longer going to stop developing nations

from seeking and covering the own development path and on their own terms, the project, the don't arise. they should also, but a bit of applause from the audience, because it is something that the briggs nations of really intensified. but thinking any of this, he is largely. 4 on, on the request of the new development, i think that's the development bank of the bridge country setup here in 2015. and then continues to equally the importance of the dollar, particularly amongst the 5 brakes a nation. and that is, is something that, you know, the, the united states, for instance, as particularly used over the years as a, as a way of punishing countries that they do not agree with. and that is something that has led a lot of chaos in terms of what you find in the economies of those that be being led to be disagreeable to their rules and how they must do things. but of course, the host of the day president said, all that i'm

a pause as south africa if the chair of the 15th briggs summit really also went into the task about speaking about how the global finding show or the must be reformed in favor or at least as to a higher representation of developing countries the must be seen and the needs must be subdivided as and 11 thing that came to mind when i had the presence of the plus of course, was that it caused small for developing nations to actually get a loan with the i may have for the world bank, then it would be for developed nations and that will leave them with an even higher dead burden in the repayment of those loans even takes a long time for developing countries to access the se loan and you know, while the northern end is, if you will have an average of some 40 days between that request and being granted

the fed loan in developing nations in the case of via, for instance. i mean, they had to weighed some 180 base for the i m f to come to terms with agreeing, amazing, the 4000000000 dollar loan to that country. and those are the kinds of things that continue to cost the global cells. and let's hear from prison settled. i'm a pause. i am self on the issue. we require a fundamentally full of the global financial institutions so that they can be more edge, child and responsive to the challenges facing developing economies. in this respect, the new development band established by bricks, countries in 2015, is leading the way since it's formation, it has demonstrated its ability to mobilize resources

for infrastructure and sustainable development in emerging economies. without conditionality, we therefore call on the business community to join hands with us to identify solutions to these and many of the challenges affecting our respective economies. the president said over, i'm a pause. the president of south africa, really speaking to a sense that they is not only up tourism in b a but there is a lot of promise when one thinks about the brakes club, he's speaks about the fact that it's just 5 countries, but to give up the make a quartet of was population and account for one 5th of global trade. now you just think about that is just 5 countries and on the door we have over 20 countries which have been knocking, which have been trying to get into this club. and the,

depending on the number of countries that the briggs lead us ultimately agree on for expansion, or if the, if expansion at all, one thing for sure, the rigs club cannot be ignored and it might just be the only collab with joining in town. how many, thanks for bringing us the highlights, the correspondence, cooperative toddler and the video kinda guy. many, thanks for now. now we've had a how, how is the of it? fantastic. guess during those and a rooftop studio. today we spoke with regina curzy, executive director on research headphone money find k on the macro economic set of 1st source money there told us the brakes needs to strengthen his cooperation given that there are so many areas to do so with huge prospect i think it's a fundamental challenge that bridge since confronting itself is the issue of 5 international trade pay tanning to the bricks. nations that has been conducted in funny and cutting seems to us back is

a challenge. i think that's the key to unwind. as the big scene to discuss these fundamental issues to us is fundamental fundamentals that we begin to unwind back. critical pricing between these countries is necessary. that corporation include, by law to trade 5 out through financing, including my deductible financing with the different kind of contracts such that if you want to try to try says, of what the sides we sat with with china, shouldn't be united way close tween by using a fade currency to us, that is very important if we're not going to rise back to shoot our own independence from of the shock cause of the global economy, which is constructed from the us or the western tax futures and quite a few good sex. those are things that the books must really concentrate on. kind of communication is vice includes i c t infrastructure like causes transport and logistics is by to not just a transport seat,

transport them transport. these are very, very important, not just for the economy, but within the bricks themselves that do in novel, the movement of people and the easily movement of, of capital as well as boots as well. so i think energy infrastructure um transport communications. so it's a very, very vital sector that we must part of costs or just traditional ones like mine. i, they, we cannot, we begin to mention because, oh, well, no, i've done what the key drive is and it's already cutting me right now. right now, the tension between russia and the us be collective worst. rather, not just the us driving. i think that interprets countries to you, not. now the high points of the day it was as at the 5 breaks that leaders addressed the business for him. each of them given that take on what brick stands full and what they hope to achieve and all of the ways we wanted to get the tape and then speak to some of those people who were listening in the audience. some

business people that say what they had to say. i think for me, the biggest, biggest in motion for the young ones were coming here is to understand what is the heads of spirit of some of the fosters great economies thinking. and you don't that, that driving insight is the energizing factor. i think the 2nd most important thing which i saw was that there is such a viewing collaboration. the leaders are talking about piece for us better growth. that's what we are looking for. i liked to the fact that they are saying we must protest and continue to look at a agriculture because with a i and with technology advancements, people still need to be fax. you know, so, and that's a big element in terms of what is it that we can do as host countries on. i forgot, we are also looking at with teachers in terms of the pronouncement due on the brakes conferences. because many of us have written,

ask them on the african continent and the other develop the developing nations as to why must we continue utilizing the dollar wouldn't be a play doing amongst each other at the top of the agenda during the 1st day of the summit, was creating a framework which would paved the way for a new bricks. current t r t corresponding don quarter explains what mixed the idea so attractive to nations around the world. with the rise of a multi polar world comes hope for a future free for the us dollar dominance and a global order. where when, when cooperation reigned supreme for many around the world bricks is the vehicle that can turn that dream into a reality with an independent world wide currency. i dream of having to come currency for countries to using transactions so that we could be independent from the us dollar. it can not be that we could have more freedom for conducting business items breaks, having its own currency, like the european union, 0 for now, the dollars global hegemony is indisputable. with the greenback involved in 88

percent of all international transactions and russia, the world's most sanctioned country has good reason to want to change the game. last year it's banks were kicked out of swift, then half of its overseas reserves to the tune of $330000000000.00. we're frozen. it's all part of what moscow says is the dollar being used as a weapon. i have no doubt that using a rich experience in government work in knowledge in this area. you will do your best to develop this institution, which in my opinion is very important today is not easy to do. so it wasn't the current conditions bearing in mind what is happening with the global finance is with the use of the dollar as a political instrument. it's not just russia looking to break away from dollar dependents alongside moscow, beijing and brazil. yeah, have moved towards greater use of national currencies and international transactions for those reinstated president blue or the silver has long advocated for deeper reliance on bricks and china considers dollar dominance to be the main

source of global instability. the who gemini, of the us still lives the main source of instability and uncertainty in the world economy during the call. the 9 jean funds that make the united states a be used as a global financial position and injected 3 alliance of dollars into the global markets. leaving other countries, especially imagine economies to pay the price. a prime example of that instability is afghanistan, the united nation says $6000000.00 half dams are at risk of starving to death. and the organization's calling for $770000000.00 in immediate humanitarian aid. it's one of many similar situations that have left people looking for breaks. as a more humane alternative, the new development bank is taking that decision, but at least 30 percent of new lending would be a local currency. so i think break has getting the customers to go out the break of financial independence and not being held hostage by one or 2 currencies with

a multi polar economic future on the horizon. it's likely that this change will be for the better for everyone. now aside from the dollar wise ation one, what we're hearing over and over again is multi polarity. now with bricks being widely saved as a platform for the promotion of multiple hours a. when it countries have shown that interest in joining the blog i'll take corresponds and use of delani reports on how bricks membership could benefits it wrong. the one is entering closer to becoming a new member and the brakes alliance of the country hopes to offset the impacts of the western sanctions and under the umbrella of for x. what of course, now we see that a warranty and presidents, abraham bracy is among the world's leaders attending an invite of, of course he was invited by the south african president to take part in the break summit in what is seen as a key step towards it. wants admission into the alliance of course one applied for

membership in brakes back in july 2022 and now its potential membership could bring significant advantages. advantages for both sides as brooks accounts for roughly 30 percent of the global g d p. and about 40 percent of the world's population now in his weekly process or not sort can on a who is a sports person for a while. as a 40 minute 40 minutes, we highlighted it once close cooperation, already close to operation with all member states of the brakes alliance, cooperation with bricks and membership is significant for iran and the president's participation is aligned with this framework. iran stands out as one of the few countries engaging and dialogue and cooperation with all bricks members breaks, which comprises the emerging economies of brazil, rush, china, india, and south africa has been increasingly acting as a counter balance through all the traditional western dominance. now we see that i've been recent years, those countries have been cooperating to um, to,

to ditch the daughter and move away from the daughter dominance. and it won. and brooks can offer a lot to each other and disregard of course, with the complimentary economies and cultural diversity. bricks members can really meet the needs of one another and can really share their national development plans to one another. and a one in disregard can also help a lot that everyone has been showing success in breaking out of for international my selection created by us sanctions and 10, we really set an example for bricks, members, interest and disregard they want. gdp has reportedly increased by 4.7 percent in the last quarter last year and is rank 15th and on the world $72.00 major economies. it wants the economy is also expected to grow even further in light of brakes. as the brakes alliance is now moving to um, uh, introduce a new joint currency and to move away from other daughter and,

and their bit to dish and the daughter in international transactions. now, director general, i'll be a west asia department as he was foreign ministry. mr. said russell, and most of the help of the bricks initiative to try to audition adult daughter and use this new joint currency set up. an amazing transformation is taking place in the global economy, the brakes introduction of the gold back car and see where we can the us dollar in the euro and will benefit other countries such as a ran uranium to own gold will experience an increase in their wealth while they want succession to break somebody take a while it's fuel political significance has already prompted the main members of the alliance to tentatively support your wants potential membership in the group which happens, it would significantly give to juan de la golf and it's a bit to circumvent the wes sanctions as the brakes and it should have to dish the daughter would practically run their us sanctions against that run in effective and

could bring them back to the global trade. after years of isolation, what if you want to stay up to speed on the 15th? it break summit, you're going to have to stay with us, hey, on, on the international as we continue to bring you all the very latest updates from vice here in south africa. don't miss our special coverage right here at the venue itself. bye for now, bye. the, the know the news press, the joe biden, his face criticism over his response to the devastating wildfires in hawaii. during his recent speech, the molly was 5 victims. there are many it compared to everything. trudge dates are his home fire. we're almost lost. he's caught the media didn't plays punches, bottle want to compare difficulties, but we have a lot of sense to me when i 1st liked to lose the home. years ago. now,

15 years ago i was in the washington to meet the press was a sunday sunday. lightning struck at home on the lake. it's outside of our home now like a big pond and hit the wire and came up underneath our home into the heating ducks. okay. air condition to make a long story short, almost lost. my wife, my 67 corvette and my cat bite, and finally goes to molly and tells people who have suddenly lost everything, with homes and cars totally turned to ashes a 113 dad and a 1000 still not found and makes up life. seeing his family knows what it's like to lose their home. when it was struck by lightning, when throughs was it was extinguished in 20 minutes and just damaged the kitchen.

i'm sure the people in mall we whose loved ones burned to death are still comforted . learning bite into a lucy's corvette or his couch, and a small kitchen fire. joe biden, making jokes about almost losing his 67 corvette and a small kitchen. fire is ridiculous. now he victims know what it's like to lose a home. he doesn't, it was now cross over to us. he's kind of more painful. more on this latest golf a very good evening. caleb, now can you tell us why this incidents has caused such vista? well, we have joe biden, as you just heard, comparing a small incident that caused a fire in his kitchen to the situation in hawaii on the island of maui, where we have over a 113 dead. we have thousands still missing. we have gather station and binding, was there an event to honor the victims? and not only did he make this comparison,

that just did not sit well with the viewership and the audience both domestically and around the world. in addition to that, it appeared the joe biden was falling asleep during the ceremony, so it seemed like he was just nodding off not really paying attention, kind of exhausted, kind of bored by the whole thing. not a good look. now folks will recall how joe biden, when 1st asked about the wild buyers, and now we basically brushed off reporters. this is what was that the now the white house is named bob spencer, as the federal response coordinator for the malley wild buyers. and he will be overseeing the long term recovery efforts directed by washington in response to