The first day of the Summit BRICS 2023 is hosted by South Africa. Official meeting has been set aside for events involving the more than 70 countries invited as "friends" of the BRICS bloc. Delegations will gather to discuss the expansions, trades deals and de-dollarization.

Tropical Storm Hilary swept across the US state of California on Sunday night, bringing fierce winds and flooding to the Pacific coast. Now headed north to Nevada, the storm passed over Southern California, with record rainfall and flash flooding predicted in the Death Valley National Park. The storm is expected to deal a major blow to the region's economy, including its vineyards which last year generated over $88 billion for the US.

Left-winger Luisa Gonzalez is leading in Ecuador's presidential election. The poll was combined with a referendum, in which voters chose to end oil drilling in the Amazon.

Spain celebrates winning the Women's World Cup.

The BRICS group of developing economies – Brazil, Russia, India, China, and South Africa meet in Johannesburg this week for their annual summit.

Top of the agenda will be its expansion. Twenty-three countries have formally expressed an interest in joining the group, while officials have said a total of 40 are seeking membership. We find out why this economic group is so important.

Filing for bankruptcy protection will allow the heavily-indebted Evergrande to protect its assets in the US as it works on a multi-billion dollar deal with creditors. The company defaulted on its huge debts in 2021, which sent shockwaves through global financial markets. The move comes as problems in China's property market add to concerns about the world's second largest economy.

England will take on Spain in the Women’s World Cup final over the weekend. Co-hosting the tournament was expected to generate about a third of a billion dollars for the Australian economy.

Google AdSense - a technology used by Google to serve advertisements based on website content - does not support indigenous African languages. So what is Google doing to help African language websites monetise their content?

The giant Chinese property developer, Evergrande, has played down its decision to file for bankruptcy protection in the United States. The company described the move as a 'normal procedure'. We hear concerns about property values are falling faster than Beijing has revealed.

And we will look at the Women’s World Cup final over the weekend - England will take on Spain. Co-hosting the tournament was expected to generate about a third of a billion dollars for the Australian economy.

Google AdSense - a technology used by the company to serve advertisements based on website content - does not support indigenous African languages. So what is Google doing to help African language websites monetise their content?

We examine why US government bonds are becoming more lucrative for investors.

We hear what impact a drought is having on maritime trade going through the Panama canal.

AND We get reaction to news that the world's second biggest fashion retailer H&M is investigating 20 alleged instances of worker abuse at Myanmar garment factories that supply it.

We will look at the Panama Canal which has extended restrictions on vessels, as it battles an on-going drought. It’s also limited the amount cargo ships can carry.

Burger King says it has removed tomatoes from its food in Indian outlets after a sharp rise in prices. Monsoon rains in July disrupted crops and supply chains. Today, supply has returned but prices have remained high.

And Google has announced plans to train twenty- thousand Nigerian women and young people in digital skills to support government targets of creating one million tech jobs.

President Joe Biden has used the first anniversary of his signature Inflation Reduction Act to pitch the landmark clean-energy law as an economic powerhouse to an American public.

Two decades ago Brazil, Russia, India and China came together to form an economic group called BRICs. We talk to the former Goldman Sachs economist, Jim O'Neill who came up with the acronym.

And we hear about how twenty vintage Ferraris bought by a collector from a dusty old barn are now being auctioned off in Sotherbys in California.

Vietnamese electric vehicle (EV) maker VinFast's stock market valuation has soared above Ford and General Motors (GM) on its first day of trading.

And many of the raw materials needed to make electric cars are mined in Africa. Yet, the continent often misses out on the key profits made from refining minerals like cobalt, lithium and manganese, according to a new UN report.

It’s a year since President Biden kickstarted a race to develop and grow green energy and clean technology with the largest ever programme of investment and subsidies - otherwise known as the Inflation Reduction Act. Some say it has left Europe and other parts of the world lagging with companies choosing the US to build new factories.

There's more evidence that US consumers are weathering the economic storm and continuing to spend. Figures show retail sales rose by 0.7% in July which is more than expected.

It's welcome news for retailers who are struggling with high prices and lower margins, and that’s going to force the Fed to keep the prospect of more rate hikes on the table.