The world has changed and the western-led postwar order is over, or so the Brics bloc of developing nations insists. Equally clear at the group’s annual summit in Rio de Janeiro this week was that the Brics have changed too — and not for the better. The new model is bigger, less coherent and far less likely to achieve any of its putative goals.

Leaders of the BRICS group of developing nations addressed the shared challenges of global warming on Monday, the final day of their summit in Rio de Janeiro, demanding that wealthy nations fund mitigation of greenhouse gas emissions in poorer nations.

Washington: President Donald Trump has claimed that BRICS was established to “hurt" the US and "degenerate" the dollar as he warned that the member countries of the bloc would face a 10 per cent tariff.

Southeast Asian countries aligning with BRICS are contributing to the creation of a fairer and more balanced global economic order amid rising trade protectionism, analysts say. Four members of the Association of Southeast Asian Nations took part in the ...

Sixteen years after its inception, the BRICS mechanism now encompasses roughly 3.3 billion people, representing over 40 percent of the global population. The BRICS economies account for an estimated 37.3 percent of global gross domestic product (GDP ...

India needs to look beyond BRICS for trade advantages, according to Trinh Ngyuen, Senior Economist at Natixis. To that end, she says India needs trade deals with the EU and the U.S.. She believes India can gain from businesses "reshuffling" out of China,

Brics, a grouping of 11 very diverse nations, has repeatedly got in US President Donald Trump’s crosshairs. He’s called it ‘anti-American’ and threatened punitive tariffs. Mint looks at Brics closely—its members, objectives, clout, recent actions and why it unsettles Trump.

Kazeem Raji, director-general of the National Board for Technology Incubation (NBTI), says Nigeria's membership in BRICS opens unprecedented access to global markets for local innovators to link up directly to a multilateral bloc that collectively represents over 40 percent of the world's population and trillions of dollars in trade and investment flows.