The Latest Breaking News from Jim ONeill

As the grouping of five emerging economies meets in South Africa, here’s what to expect.

Officials from Brazil, Russia, India, China and South Africa gather in Johannesburg on Tuesday for a three-day BRICS summit, a five-nation club comprising 40% of the world’s population and more than 25 percent of global GDP that positions itself as an economic counterweight to the West. Almost 15 years on…

Jim O’Neill coined the term BRIC when he worked at Goldman Sachs in 2001, and he’s blasting the idea of a BRICS currency. “It’s embarrassing almost.”

Jim O’Neill says OBR should be given new powers to emphasise economic benefits of public investment