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.

President Donald Trump said at least seven countries can expect tariff letters on Wednesday morning, as he ramped up pressure on nations to strike deals with the United States by saying his new August 1 deadline would not be extended.

Both Jakarta and Hanoi seek to preserve strategic autonomy while navigating an increasingly polarized international environment. BRICS may offer a third path.

At their latest summit in Brazil, the BRICS nations once again portrayed themselves as an emerging geopolitical heavyweight. Yet the internal contradictions within this expanding group remain plain to see.

A summit of leaders from the BRICS group of major emerging economies kicks off in Brazil Sunday – but without the top leader of its most powerful member.

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 can only provide credible leadership in a changing global order when it addresses its many inner contradictions.

From BRICS nations' ambitious payment systems to President Donald Trump's aggressive tariff threats, the international monetary landscape appears to be shifting. Yet beneath the surface of these headline-grabbing developments lies a more complex reality: despite concerted efforts by major emerging economies,