Modi at BRICS: ”Can’t Run 21st-Century Software on 20th-Century Typewriters”

Speaking at the BRICS Summit in Rio de Janeiro, Prime Minister Narendra Modi called for urgent reforms in global institutions, saying they haven’t changed in 80 years — even as AI and technology evolve weekly. He used a tech metaphor: “You can’t run 21st-century software on 20th-century typewriters.” Modi highlighted India’s new IndiaAI Mission, which…

China Strikes Back: Limits EU Medical Device Imports in Government Projects

Starting July 6, 2025, China will restrict EU-made medical devices in its government procurement projects, in response to similar restrictions by the European Union. If a government purchase exceeds 45 million yuan (~$6.29 million), EU companies (outside China) will be excluded unless there’s a special need for EU products. Non-EU companies can use no more…

Colombia and Uzbekistan Join BRICS Bank

Rio de Janeiro, July 6 — Colombia and Uzbekistan have joined the New Development Bank (NDB), also known as the BRICS Bank. The announcement was made by the bank’s president, Dilma Rousseff, after its 10th Board of Directors meeting. With these additions, the NDB now has 11 member countries, including Brazil, Russia, India, China, South…