Xi Pushes ‘Greater BRICS’ Economic Ties to Give Bloc Larger Global Role

Chinese President Xi Jinping attends a session on day two of the BRICS Summit in New Delhi, India, September 13, 2026. (Sputnik/Alexander Kazakov/Pool via Reuters)
Chinese President Xi Jinping attends a session on day two of the BRICS Summit in New Delhi, India, September 13, 2026. (Sputnik/Alexander Kazakov/Pool via Reuters)
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Xi Pushes ‘Greater BRICS’ Economic Ties to Give Bloc Larger Global Role

Chinese President Xi Jinping attends a session on day two of the BRICS Summit in New Delhi, India, September 13, 2026. (Sputnik/Alexander Kazakov/Pool via Reuters)
Chinese President Xi Jinping attends a session on day two of the BRICS Summit in New Delhi, India, September 13, 2026. (Sputnik/Alexander Kazakov/Pool via Reuters)

Chinese President Xi Jinping unveiled on Sunday initiatives in areas ranging from AI to trade to deepen cooperation among the "Greater BRICS" emerging economies, as Beijing seeks to weld the grouping into a practical platform for Global South development.

Cooperation in areas from politics and security to economics and finance are the main focus areas of the grouping, with 2026 chair India and 2027 chair China seeking wider partnership to boost its global clout.

The success of the "Greater BRICS Initiative" depends on laying a solid foundation for pragmatic cooperation, Xi told the leaders' annual summit in New Delhi, the ‌official Xinhua news agency ‌said.

"Greater BRICS" nations should further cooperate, maintain the stability of industrial ‌and ⁠supply chains, and ⁠cultivate an integrated market, Xi told the summit's closing session.

China will take the lead in establishing a BRICS AI Open Source Zone to promote cooperation on large language models, AI training and an open AI ecosystem, Xi added.

He also proposed a BRICS Special Economic Zone partnership and said China would host a BRICS Service Trade Forum next year to boost trade and investment ties.

EXPANDED ROLE FOR 'GREATER BRICS' GROUPING

BRICS has expanded to include Iran, Indonesia, Egypt, Ethiopia and the United Arab ⁠Emirates beyond an original membership of Brazil, Russia, India, China and ‌South Africa two decades ago that aimed to transform a ‌world order dominated by the United States.

In addition, 10 partner countries span emerging economies across Asia, Africa, ‌Latin America and the Middle East, broadening its reach across the Global South.

China and Russia ‌sometimes refer to this larger bloc as "Greater BRICS".

BRICS HELPS CREATE FAIRER WORLD ORDER, PUTIN SAYS

The benefits of solutions developed within BRICS should not stay limited to BRICS alone, but should be made adaptable and accessible to meet the needs of the Global South, Indian Prime Minister Narendra Modi said in ‌remarks earlier.

Russian President Vladimir Putin called BRICS a powerful driving force towards creating a new, fairer and multipolar world order, urging its members ⁠to find ways ⁠to combine the competitive advantages of their individual economies.

The summit comes amid renewed fighting in the Gulf region, with tit-for-tat attacks by the United States and Iran and Iran-backed Houthis widening the conflict by launching attacks on Saudi Arabia.

The weekend summit expressed deep concern over the continued escalation of tension in the Middle East and urged the exercise of maximum restraint.



Israel Defense Minister Slams Eisenkot’s Call for Military to Resist PM Pressure

Israeli Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz attend a graduation ceremony of new Israeli army officers at a base near Mitzpe Ramon, Israel, October 21, 2026. (Reuters)
Israeli Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz attend a graduation ceremony of new Israeli army officers at a base near Mitzpe Ramon, Israel, October 21, 2026. (Reuters)
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Israel Defense Minister Slams Eisenkot’s Call for Military to Resist PM Pressure

Israeli Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz attend a graduation ceremony of new Israeli army officers at a base near Mitzpe Ramon, Israel, October 21, 2026. (Reuters)
Israeli Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz attend a graduation ceremony of new Israeli army officers at a base near Mitzpe Ramon, Israel, October 21, 2026. (Reuters)

Israel's defense minister on Wednesday denounced opposition candidate Gadi Eisenkot for urging the military to resist post-election pressure from Prime Minister Benjamin Netanyahu, who has threatened new strikes on Iran.

"His call to senior military officials not to obey the directives of the prime minister or me or of other relevant security authorities, on the grounds that 'they have his support', is an anti-democratic statement detached from reality," Israel Katz wrote on X.

Eisenkot, a former military chief, in a speech to supporters after Tuesday's election said that Netanyahu was a caretaker prime minister lacking a mandate and that the military should serve the state rather than the premier.

"Stand firm in the face of any attempt to challenge you. You have my unequivocal backing. Netanyahu, do not dare use Israel's security for your political needs," Eisenkot said.

Netanyahu has repeatedly threatened renewed war on Iran, after bombing campaigns backed by the United States last year and again this year.

Media reports, denied by Netanyahu, said that military chief Lieutenant General Eyal Zamir pushed back immediately before the election on the prime minister's new plans on Iran.

Katz said that Eisenkot's comments were the latest in "a campaign of lies" about tensions between Netanyahu and the military over Iran.


Caretaker Role Could Limit Netanyahu but Not Rule Out War with Iran

Israel's Prime Minister Benjamin Netanyahu addresses his supporters at the election night rally after the first exit polls were announced, in Jerusalem on early October 28, 2026, during Israel's legislative elections. (AFP)
Israel's Prime Minister Benjamin Netanyahu addresses his supporters at the election night rally after the first exit polls were announced, in Jerusalem on early October 28, 2026, during Israel's legislative elections. (AFP)
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Caretaker Role Could Limit Netanyahu but Not Rule Out War with Iran

Israel's Prime Minister Benjamin Netanyahu addresses his supporters at the election night rally after the first exit polls were announced, in Jerusalem on early October 28, 2026, during Israel's legislative elections. (AFP)
Israel's Prime Minister Benjamin Netanyahu addresses his supporters at the election night rally after the first exit polls were announced, in Jerusalem on early October 28, 2026, during Israel's legislative elections. (AFP)

Benjamin Netanyahu is expected to face more constraints as Israel's caretaker prime minister after Tuesday's election, but experts say his government could still retain significant powers including when it comes to waging war on Iran.

Neither Netanyahu’s right-wing coalition nor an opposition bloc led by former military chief Gadi Eisenkot is projected by Israeli media ‌to win ‌a majority in the country’s 120-seat legislature. Eisenkot has ‌acknowledged ⁠the prime minister ⁠was still in office as a caretaker but issued a warning that Netanyahu might use security for political ends.

Netanyahu's office has previously rejected accusations he is using the Iran conflict for political gain. His office did not immediately return a request for comment on Wednesday.

“If you look at the letter of the law, a caretaker government has the ⁠same authority, has the same powers as a regular ‌government,” said Guy Lurie, a research ‌fellow at the Israel Democracy Institute, adding however that a caretaker government “has a duty ‌of restraint” and more limited discretion to act in some areas.

A ‌caretaker government faces limitations when it comes to issues such as appointments, but has leeway to act in matters where there is a public interest, analysts say.

“In general, security issues are the clearest exception to this duty of ‌restraint,” said Or Asher, a researcher at the Tel Aviv-based Tachlith Institute, noting that Israel's supreme court has ⁠previously held ⁠that a caretaker government must avoid far-reaching decisions unless they are justified by a pressing necessity.

“The Supreme Court has historically avoided intervening in decisions to go to war, and parliamentary oversight is at its thinnest in the weeks after the new Knesset convenes and before its committees are formed,” Asher said, adding that “a caretaker prime minister can legally take Israel to war, including against Iran”.

After the final tally is in, Israel’s President Isaac Herzog is expected to consult party leaders and then tap the candidate he believes has the best chance of forming a government, with the nominee then getting up to 42 days to establish a government.


Iran Warns Any Israeli-led Attack Would be 'Devastating' for Global Markets

FILED - 25 September 2026, US, Bronx: FILE PHOTO - Iranian Foreign Minister Abbas Araghchi delivers a statement during a press conference at Security Council encounter at UN Headquarters in New York. Photo: Lev Radin/ZUMA Press Wire/dpa
FILED - 25 September 2026, US, Bronx: FILE PHOTO - Iranian Foreign Minister Abbas Araghchi delivers a statement during a press conference at Security Council encounter at UN Headquarters in New York. Photo: Lev Radin/ZUMA Press Wire/dpa
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Iran Warns Any Israeli-led Attack Would be 'Devastating' for Global Markets

FILED - 25 September 2026, US, Bronx: FILE PHOTO - Iranian Foreign Minister Abbas Araghchi delivers a statement during a press conference at Security Council encounter at UN Headquarters in New York. Photo: Lev Radin/ZUMA Press Wire/dpa
FILED - 25 September 2026, US, Bronx: FILE PHOTO - Iranian Foreign Minister Abbas Araghchi delivers a statement during a press conference at Security Council encounter at UN Headquarters in New York. Photo: Lev Radin/ZUMA Press Wire/dpa

Iran's Foreign Minister Abbas Araghchi warned on Wednesday that any Israel-instigated attack would have a "devastating impact" on global markets.

"Devastating impact on int'l markets of any Israel-instigated military misadventure” in the Arabian Gulf region “remains major concern for both gas suppliers and consumers," Araghchi said in a post on X.

His post came as Qatari mediators presented Iran with a new draft deal on Sunday to end the war with the US and Israel, and Tehran is expected to send a response to the draft by the end of the week, an official briefed on the negotiations said on Wednesday.

The new draft being considered by Iran sets a seven-day timeline addressing both Tehran's and Washington's concerns, laying out daily confidence-building ⁠steps that each ⁠side must take, the official said.

The timeline could begin early next week and several countries would act as guarantors of the deal, the official added.

Qatar, along with Pakistan, has led mediation to end the war that the ⁠US and Israel launched in February. The conflict has disrupted global shipping and oil supplies and spilled over across other parts of the Middle East.