The BRICS group of emerging-market powers — the acronym stands for Brazil, Russia, India, China and South Africa — has gone from a slogan dreamed up at an investment bank two decades ago to a real-world club that controls a multilateral lender.

Brazil takes the helm at a moment when diplomatic pragmatism should take precedence over some of the bloc’s more polarizing initiatives.

U.S. president Donald Trump has apparently confused Spain for a member of the BRICS bloc of developing economies, causing some head-scratching and jitters over possible tariffs in Madrid.

President Prabowo Subianto’s about-turn on membership of the economic grouping is about status rather than material gains.

Despite the threat of a trade war with the U.S., economists and analysts tell CNBC that this will not stop BRICS from expanding.

BRICS wants to usher in an international order not so dominated by the West. To a lot of Global South countries, that's an appealing vision. The post There's a Reason BRICS Is the Hottest Multilateral Ticket in Town appeared first on World Politics Review.

As Trump confuses Spain for South Africa in BRICS, South Africans find humour in the blunder amid tariff warnings.

President Donald Trump on Monday mistakenly identified Spain as a member of the BRICS bloc, a group comprising Brazil, Russia, India, China and South Africa. The comment caused confusion in Madrid and raised concerns about potential tariffs.

Africa Business Weekly on CNBC Africa brings you the most impactful business stories across sub-Saharan Africa every week. From the capital markets to economic news affecting the regions from East, West ad Southern Africa,

Despite expressing earlier reluctance to join the economic bloc, Indonesia has become the first Southeast Asian country to become a permanent member, surpassing Malaysia and Thailand, which have shown similar interests.

Nigeria joins BRICS as a partner country BRICS acts as a natural counterbalance to the West’s dominance and influence over the global economy through institutions like the IMF and the World Bank. Made up initially of the five major emerging economies of Brazil,

(Maxim Shemetov, Pool Photo via AP, File) ABUJA, Nigeria (AP) — Nigeria has been admitted as a “partner country” of the BRICS bloc of developing economies, according to Brazil, the group’s chair. BRICS was formed by Brazil, Russia, India and China ...