Latest News

US tariffs and financial leverage are inadvertently accelerating BRICS nations' drive to create alternatives to the dollar, not replace it entirely. Efforts include increased local currency trade, linked payment systems, and the New Development Bank's focus on local currency lending, aiming to reduce dependence on Western financial infrastructure.

BRICS leaders met in New Delhi on Sept 11-12, 2026, pushing to reduce reliance on the U.S. dollar and expand global influence. The summit highlighted internal divisions, particularly regarding the Iran war, and tested India's complex balancing act between its BRICS partners and Western allies.

BRICS nations are actively developing and integrating their payment systems to enhance cross-border transactions among member states. This strategic move aims to streamline trade and reduce dependence on established Western financial channels, potentially influencing the long-term role of the US dollar in global commerce.

Indian audio storytelling platform Pocket FM doubled its annualized revenue run rate to $500 million, primarily by integrating AI into 99% of its new content. The company, which also launched a microdrama app, is reportedly seeking $100-120 million in funding at a $2 billion valuation.

Furo, a German battery storage software firm, secured $4M from US VCs like TQ Ventures and Sheryl Sandberg's fund. Its founders chose to leave Silicon Valley for Germany, citing closer customer ties, local network benefits, and cheaper, accessible engineering talent, accelerating growth and client acquisition like Deutsche Bahn.

Hollywood star Mark Wahlberg will discuss his pivot to institutional investing at TechCrunch Disrupt 2026. Alongside Keebeck Wealth Management CEO Bruce K. Lee, he'll share lessons from his transition into business, focusing on healthcare and wellness startups, and how he leverages trust for deal flow, offering an unvarnished view.

Legal AI startup Harvey raised another $550 million, boosting its valuation to $15.5 billion. This marks a near doubling of its value in nine months, bringing its total funding past $1.55 billion. The company also recently launched its in-house model, Harvey Tenet.

Defense tech firm Mach Industries secured $600 million in a Series C extension, doubling its valuation to $3.7 billion in three months. Led by 22-year-old Ethan Thornton, the company makes unmanned military vehicles and acquired SRM maker Exquadrum. Investors include Sequoia and Ribbit Capital, drawn by its cost-effective systems and recent U.S. Army contract.