South Africa's rand fell on Monday after comments by U.S. President-elect Donald Trump over the weekend worried traders in the BRICS bloc of emerging economies and raised questions about what his second term might mean for trade relations.

The US President-elect is threatening BRICS with gargantuan tariff hikes if they drop the dollar. Sanusha Naidu of the Institute for Global Dialogue dives into Trump's statement.

Trump's pressure on countries to remain tied to a US-dollar-based financial system could backfire, with potential increased motivation for BRICS to create alternatives. While the dollar's dominance persists due to existing economic strengths,

The submarine is capable of firing Kalibr cruise missiles that have seen extensive use in strikes against Ukraine.

Philippine President Ferdinand Marcos Jr. said the presence of a Russian submarine in the Southeast Asian nation’s waters is “very concerning” as its military vowed to continue safeguarding its maritime sovereignty.

A Russian attack submarine was recently spotted in Philippine waters in a development which President Ferdinand Marcos Jr. said was “worrisome.”