The Latest Breaking News from BRICS

In tonight's edition: Ethiopia and Egypt are among the six developing nations that have been invited to join the BRICS bloc. And Algeria sends an envoy to Niger for diplomatic talks with the military junta as the regional ECOWAS bloc grows increasingly frustrated with negotiations. Finally, despite an economic crisis…

Shenzhen Component Index closed down 1.23%

News that Russia’s Wagner mercenary chief was believed dead in a plane crash has dominated world reports, along with speculation that it might be linked to his June mutiny

The idea of creating a BRICS common currency to rival the dollar has long been on the agenda of the emerging-market nations in the bloc.

India's hosting of the G-20 Summit will present it with a historic opportunity to help Africa and leverage its deep links with the continent

PM Modi and President Xi Jinping met on the sidelines of the BRICS summit in Johannesburg on August 23, 2023; announcement of talks kept under wraps until next day, just prior to the PM’s departure for Greece

The five Brics countries have announced plans to add six new members to their club. Observers say the expansion is intended to make the group a stronger player in the "multi-polar world" favoured by China to counter US supremacy. Will it succeed?

BRICS expands to 11 members, strengthening its position as a global grouping. New members from Middle East, Africa, South America chosen, sending message of multipolarity. India took lead in drafting criteria, most new members strategic partners. Expansion sends message against US sanctions, energy players join. BRICS now a recognised global…

At its launch almost a decade ago, the BRICS nations’ New Development Bank (NDB) was celebrated as a chance for countries across the Global South to break free of the US-dominated IMF and World Bank and rewrite the rules of financing global development. But while the number of nations signed…