Formalised Bloc News Today

major world economy. its also one of the major leading players in the group of emerging economies who are talking up the idea of a common trade currency to counter the dollar. so, could they become the trading block of the future? im going to be discussing all of that and more with these two. there they are. the man who first coined the phrase the brics, and a former central bank economist from brazil. also on the show, shining bright like a diamond. yeah, the shiny rocks have been one...

north, temperatures will fall away under the starry skies, and were looking at a fairly widespread rural frost at the very least. so we start off on a rather chilly note first thing sunday, quite a keen wind coming through the north sea as well for eastern areas, still that brisk—ish wind towards the north and west. but for mostjust a day of dry and bright weather with hazy spells of sunshine for the most part. and temperatures will obviously not be as high as today because theyre st...

to the country torn by internal conflict. you are watching bbc news. now, its talking business. hello, everybody. a very warm welcome to talking business weekly with me, aaron heslehurst. lets go and take a look at whats on the show. the great global divide — is the world economy drifting away from us dominance, as some of our biggest emerging economies are showing us what economic growth is all about? india, its sitting pretty at the top of the pack, growing faster than any other ma...

So thats what really... theyre in a real sweet spot with their demographics. and together with, its kind of like 20 years behind china in the urbanisation process, they are reaping many of the benefits of agglomeration and development. jim, we know its possible that more members willjoin the bloc soon, attracted by the focus on, well, shared economic interests away from geopolitical differences, basically working together for common trade advantages and staying out of internal issues. how import...

Is chaired by south africa, and here is our man in the economic hub, johannesburg. with south africas president, cyril ramaphosa, holding the chairmanship of brics this year, his main agenda is to advance africas interests within the bloc, and those interests could include unlocking the potential of intra—africa trade. but much more investment is needed within the continent for that to happen. ramaphosa has also stated that he wants to invite other african countries to the summit. more countri...

Balancing act between these world events alongside the interests of the brics member countries as well. vumani mkhize there, from johannesburg. now, as weve been saying, the outstanding economic performer of the moment, its india, cited by some as the major source of global growth for the future. so, i went straight to the source and i caught up with the man who, as weve said, coined the phrase the brics. jim oneill, a real pleasure having you on my show. andjim, once upon a time, it seemed that...

For that to happen. ramaphosa has also stated that he wants to invite other african countries to the summit. more countries could soon be joining the group as well. there are reports that there are up to 12 nations who would like to be part of the bloc. the likes of turkey, algeria, argentina and even saudi arabia have made overtures to brics. in future, the group could be called brics plus, or another name altogether. the 15th annual brics summit is being held in durban this year, and it comes ...

As weve said, coined the phrase the brics. jim 0neill, a real pleasure having you on my show. andjim, once upon a time, it seemed that the brics were a group of nations with some commonalities that you identified, and theyve since become a much more formalised bloc. what difference has that made to the way that they interact with the rest of the world? im not really convinced that, since they formed themselves into a political club, its been particularly successful. i guess the biggest thing tha...

Of agglomeration and development. jim, we know its possible that more members willjoin the bloc soon, attracted by the focus on, well, shared economic interests away from geopolitical differences, basically working together for common trade advantages and staying out of internal issues. how important do you see that kind of pragmatic stance being for for new trade alliances? its very, very interesting. 0n the one hand, as we touched on earlier, the brics political group has not really achieved a...

The 15th annual brics summit is being held in durban this year, and it comes at a time of rising global uncertainty, the russia—ukraine war, the climate change crisis and the rising geopolitical tensions between major powers. the summit will be an intricate balancing act between these world events alongside the interests of the brics member countries as well. vumani mkhize there, from johannesburg. now, as weve been saying, the outstanding economic performer of the moment, its india cited by s...