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PSIQUANTUM has achieved a significant milestone in manufacturing photonic quantum chips at scale, addressing major hardware challenges in quantum computing. Meanwhile, India and the EU have strengthened their collaboration on AI, digital governance, and semiconductor ecosystems, committing to enhance digital cooperation, promote ethical AI, and ensure supply chain resilience. They also agreed to work on interoperability of Digital Public Infrastructures and bridge the digital skills gap through talent exchange initiatives.
BRICS is moving towards establishing a G20-like structure to enhance cooperation and address alliance-specific issues, as highlighted by Brazilian Foreign Minister Mauro Vieira. The bloc aims to expand its influence, particularly after adding 13 new partner countries, while focusing on local currency trading rather than creating an official BRICS currency. This initiative seeks to counter Western dominance and strengthen ties among member nations amidst geopolitical tensions.
Russia, India, and South Africa have clarified that BRICS is not seeking to undermine the US dollar's status as the world's reserve currency. Russian diplomat Sergey Ryabkov emphasized the group's willingness to discuss this with President-elect Trump, while India's External Affairs Minister S Jaishankar stated that India has no interest in de-dollarization, given its reliance on the US as a major trading partner. South Africa also refuted claims of a new BRICS currency, asserting that discussions focus on trading with national currencies among member states.
External Affairs Minister S. Jaishankar defended India's oil purchases from Russia during the Doha Forum, emphasizing that these decisions are based on pragmatism rather than opportunism. He questioned critics by asking if they could offer a better deal, while also advocating for negotiations to resolve the ongoing Russia-Ukraine conflict. Jaishankar highlighted India's diplomatic efforts to engage both President Putin and President Zelenskyy in dialogue to foster potential resolutions.
During his official visit to Italy for the G7 Foreign Ministers' Meeting, External Affairs Minister S. Jaishankar emphasized the need for a collaborative approach in the evolving Indo-Pacific landscape. He highlighted the significance of the Quad and outlined six key responses, including enhanced cooperation in maritime security, technology, and governance, to address regional challenges and promote sustainable development.
S. Jaishankar
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