The fragile compromises of the BRICS summit

In today's episode of The Daily Brief, we cover a deep dive and another story for the day shaping Indian and global markets:1. The BRICS Summit: What Was Actually Achieved? We’ll cover: ●Why BRICS is struggling to build an alternative to the US dollar●The challenges around local-currency payments and a BRICS currency●What the summit revealed about tensions between India, China, Russia, Iran and the UAE2. UK Recognises India’s Carbon MarketWe’ll cover:●How the UK’s CBAM affects Indian exporters●Why India’s carbon credits cannot simply offset the UK’s carbon charge●The challenges around carbon pricing, verification and claiming reliefAudio Timestamps00:04   Intro00:30   Inside the BRICS summit13:43   UK recognises India’s carbon market21:18   TidbitsWe also send out a crisp and short daily newsletter for The Daily Brief. Put your email here and we'll make you smart every day: https://thedailybrief.zerodha.com/Note: This content is for informational purposes only. None of the stocks, brands, or products mentioned are recommendations or endorsements.