BRICs

(Newser) - Iran and Saudi Arabia are among six countries that will join the BRICS bloc of developing economies as new members from 2024, South Africa's president said Thursday. United Arab Emirates, Argentina, Egypt, and Ethiopia are also set to join the bloc that is currently made up of Brazil, Russia,...

(Newser) - Economies worldwide are stalling, with growth slowing to a trickle and markets seizing up. But in Brazil, long a laggard on the international stage, the economy is growing at the largest rate in three decades. Good government, progressive social programs, and newly discovered resources have allowed Brazil to finally take...

(Newser) - Whether it's John McCain or Barack Obama, the next president will confront a global economic landscape unlike anything his predecessor confronted, write Robert Hormats and Jim O'Neill. In an op-ed for the Financial Times, the two Goldman Sachs executives explain that the new president's greatest challenge will be the rise...