The concept of the BRICS group began in 2006 during a meeting of the foreign ministers of Russia, Brazil, India, and China. It quickly evolved, and the first summit was held in 2009, after which South Africa joined, forming what is now known as BRICS. Economic Power The BRICS nations account for 40% of the […]

On Monday, the Chinese central bank announced a reduction in its two key interest rates to unprecedented levels, as part of efforts by authorities in Beijing to boost spending in the world’s second-largest economy. The decision follows China’s slowest quarterly growth rate in a year and a half, with growth recorded at 4.6%, despite attempts […]