This is a story about how the world's most powerful, richest country is slowly losing its influence. .And it's evident here. We can see across Brazil, thousands of Ford cars almost disappear.Meanwhile, China's BYD is becoming increasingly common. Ford. Left a plant abandoned.BYD, they modernized the plant. They are now producing electric cars from Brazil. It's evidence of the growing connection between Brazil and China, the B and the C of the BRICS+ Coalition.This is a group that hopes to rival the US-led G ...

Core Viewpoint - The G7 summit commenced in Canada, with President Trump criticizing the decision to exclude Russia from the G8, calling it a "mistake" and suggesting that Russia's inclusion could have prevented current conflicts [1] Group 1: G7 Summit Highlights - The G7 summit is taking place in Canmore, Canada, and is scheduled for two days [1] - President Trump expressed that the exclusion of Russia from the G8 was a significant error, attributing this decision to former President Obama and former Canadian Prime Minister Trudeau [1] - Trump emphasized the importance of dialogue among world leaders during the summit [1] Group 2: China's Potential Inclusion - Trump commented positively on the idea of China joining the G7, stating, "that's a good idea" [1] - He indicated that he would not oppose China's inclusion if other leaders supported it [1]

Group 1 - The G7's inability to effectively address global issues is becoming increasingly evident, with the G6's economic power declining significantly from 35% of global GDP in 2000 to 18% in 2024 [1][2] - Japan's economic position has notably weakened, dropping from 15% of global GDP in 2000 to just 4% in 2024, primarily due to prolonged low growth and demographic challenges [2] - The rise of China as a major economic power is highlighted, with its GDP projected to reach 17% of the global total in 2024, nearly matching the combined GDP of the G6 [2] Group 2 - The G7 is facing internal disparities, leading to a perception of G7's diminished importance, particularly under Trump's leadership, who views it as just one of many multilateral mechanisms [3] - Trump's return to the G7 stage may exacerbate the disarray within the group, as evidenced by previous conflicts over trade issues during his first term [4] - Canada, as the 2025 G7 chair, is adopting a non-committal stance towards a summit declaration, focusing instead on individual documents to showcase achievements, reflecting the group's inability to confront global challenges directly [5] Group 3 - Emerging market economies, including the BRICS nations and others, are gaining economic strength, with the BRICS+ group projected to account for 28% of global GDP by 2024, up from 11% in 2000 [6] - There is growing dissatisfaction among emerging markets regarding their lack of respect within the international framework dominated by developed countries, leading to the establishment of alternative multilateral relationships [6] - The concept of a "G0" world, characterized by a lack of global leadership, is gaining traction, with significant risks identified for 2025, including increased chaos in international relations [6]

Group 1 - The G7 leaders plan to issue a joint statement regarding Iran, calling for de-escalation of tensions [1]

Core Viewpoint - The Bank of Canada Governor Macklem stated that, encouraged by the G7, the International Monetary Fund (IMF) has agreed to take on more work regarding global imbalances [1] Group 1 - The IMF's increased involvement in addressing global imbalances reflects a broader commitment from international financial institutions to tackle economic disparities [1] - The G7's influence is significant in shaping the agenda of the IMF, highlighting the importance of collaboration among major economies [1]