BRICS expansion is a big win for China. But can it really work as a counterweight to the West?
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 shape.
2023-08-29 11:54
Analysis-Investors see long wait for enlarged BRICS' economic boon
By Rachel Savage and Karin Strohecker JOHANNESBURG/LONDON The expansion of the BRICS group of developing countries could provide
2023-08-25 22:50
Saudi Arabia, UAE and Iran among six countries invited to join BRICS group
Oil powers Saudi Arabia and the United Arab Emirates have been invited to become members of the BRICS group of developing nations in its first expansion in over a decade.
2023-08-25 11:20
New BRICS bank can help African countries' to tackle urgent challenges
The New Development Bank created by BRICS countries during a summit in Johannesburg this week can help finance
2023-08-24 19:27
Explainer-What is a BRICS currency, and could one be adopted?
By Rachel Savage JOHANNESBURG Brazil's President called on Wednesday for the BRICS nations to create a common currency
2023-08-23 22:53
No new BRICS bank members to be announced at summit: CFO
By Rachel Savage JOHANNESBURG The New Development Bank of the BRICS group of nations will not be announcing
2023-08-23 19:57
A key Russia-friendly bloc may decide to expand. Who stands to benefit?
Members of the BRICS economic group of major emerging economies are meeting this week in South Africa for a summit that could determine the future of the bloc -- and how hard it pushes back against a world order it sees as unfairly dominated by the West.
2023-08-22 09:45
Beset by domestic economic woes, China's Xi visits South Africa in just his second trip abroad this year
Chinese leader Xi Jinping heads to South Africa Monday on a trip intended to bolster Beijing's influence among developing and emerging nations, as ties with the United States remain deeply strained and economic troubles bubble up at home.
2023-08-21 09:50
'BRICS bank' issues first South African rand bonds
By Rachel Savage JOHANNESBURG The development bank founded by the so-called BRICS countries closed the auction for its
2023-08-16 15:50
'BRICS bank' looks to local currencies as Russia sanctions bite
By Rachel Savage and Brenda Goh JOHANNESBURG/SHANGHAI Hobbled by the impact of sanctions against founding shareholder Russia, the
2023-08-10 22:28
BRICS currency not on August summit agenda - South African official
By Rachel Savage and Carien du Plessis JOHANNESBURG A BRICS currency will not be on the agenda of
2023-07-20 22:28