A forum of Academies of Science of the BRICS bloc in Rio de Janeiro issued a declaration this week proposing the creation of a network of member countries to implement climate solutions, focusing ...

Brazil and Russia together absorb a mere 0.6% of its exports and by last year, South Africa's trade deficit with its BRICS partners had ballooned four-fold to $14.9 billion compared to 2010.

When the BRICS get together for their annual summit — as they did last week in Brazil — they always make a lot of noise about changing the way the global economy works. They have good reason ...

Saudi Arabia has joined Brics, the alliance of major developing countries, along with four other nations. The Saudi membership was due to start on 1 January, but there was a delay before it was ...

Just as the BRICS was overhyped for the past 15 years or so, I’d be wary of dismissing the grouping entirely. The New Development Bank is a tangible accomplishment.

The “what” is relatively straightforward. The NDB has been given $50 billion in initial capital. As with similar initiatives in other regions (see below), the BRICS bank appears to work on an ...

BRICS leaders, including Russian President Vladimir Putin and Chinese leader Xi Jinping, have publicly voiced their commitment to jointly introduce an alternative payment system that would not be ...

The BRICS expansion is also likely to fuel competition – and potential friction – between China and India, whose ties have already been strained by a simmering border conflict.

The BRICS group of major emerging economies - Brazil, Russia, India, China and South Africa - emitted a record 1.98 billion metric tons of carbon dioxide from power generation during the first ...

When leaders of the BRICS nations gathered for group photos at the end of their summit in Johannesburg last week, it offered a glimpse of the contours of the new world order Beijing is trying to ...