On August 14, the World Health Organisation (WHO) officially classified the rising cases of MPOX in the Democratic Republic of Congo (DRC) and neighbouring countries as a Public Health Emergency of International Concern (PHEIC). This decision highlights the serious threat posed by the current MPOX outbreak, with fears that the virus could potentially escalate into a global health crisis.   This marks the second time that MPOX has been designated as a PHEIC by the WHO, following the 2022 outbreak, which was the first time the virus had spread widely outside of its endemic regions in Central and West Africa. The occurrence of two significant outbreaks within just four years has raised concerns globally, especially in the aftermath of the COVID-19 pandemic. As a result, many are now wary of the potential for an MPOX outbreak to become a new pandemic.

A whole year has passed since Hamas' military operations in the Gaza Strip Envelope, marking what many considered the first Palestinian incursion into Israeli territory since the war that led to Israel’s establishment in the late 1940s. The war resulted in the capture of dozens of Israelis and the deaths of hundreds more. In response, Israel launched its most extensive military campaign since the 1973 Sixth of October War, aiming to rebuild its fragmented deterrence capabilities and restore its diminished regional stature. This effort involved tens of thousands of airstrikes and the monthly deployment of approximately 10,000 artillery shells. Over 66% of the buildings in Gaza were damaged, with about 163,700 structures affected, including the complete destruction of 52,500 buildings. The human cost was equally staggering, with over 41,000 Palestinian fatalities recorded. The situation remains unresolved, leaving the war's toll ongoing. The destruction has not been confined to Gaza alone. The financial and reputational costs for Israel have been severe. Though the thousands of missile attacks launched by Hamas had limited impact on Israel's critical infrastructure, they significantly undermined its economy and tarnished its image as a secure, advanced economy. This prompts a thorough analysis of the war's impact on Israel's economic stability over the past year and a projection of its potential long-term consequences.

The world is currently experiencing rapid and significant geopolitical shifts, with rising global powers like the BRICS Group leading the charge to recalibrate the balance of influence within the Global Financial System. The recent expansion of the BRICS Group, now including 10 nations following the accession of Egypt, Saudi Arabia, the United Arab Emirates (UAE), Iran, and Ethiopia, underscores their growing influence. This bloc is unwavering in its determination to challenge the dominance of the U.S. dollar and to overhaul a global financial infrastructure that it sees as deeply flawed. The BRICS nations argue that the current system, with its structural flaws, serves as a tool for exerting political and economic pressure and contributes to the fragmentation of economies and regions by weaponizing trade and financial constraints.   The BRICS+ nations acknowledge that Dollar Dominance is underpinned by entrenched factors, most notably, the U.S. military power and global confidence in the U.S. legal and regulatory frameworks. Nevertheless, these nations are actively exploring alternatives to reduce their reliance on the dollar, aiming to bolster their financial sovereignty. In pursuit of this goal, BRICS has ramped up efforts to reduce dependence on the dollar by employing innovative mechanisms. Chief among these is the proposal to issue a new, collective currency and establish a multilateral digital settlement and payment platform, dubbed as the “BRICS Bridge.” This platform is poised to foster greater trade integration among member states, particularly as some nations within the bloc, like Russia, face sanctions and exclusion from global systems such as the SWIFT System -The Society for Worldwide Interbank Financial Telecommunication-.   All eyes are now on the upcoming BRICS Summit, set to take place in October in Kazan. The summit is expected to showcase tangible steps toward implementing these initiatives, which could potentially redefine the structure of international trade and finance. The critical question remains: Will Russia and its BRICS allies break the dollar's stranglehold over the global financial order?