BRICS Seize Chance to Counter US With Expansion, Common Currency
The BRICS group of emerging markets is ramping up its bid for greater global influence, sensing a moment to capitalize on the splintering world order to build out its ranks beyond Brazil, Russia, India, China and South Africa. Foreign ministers from BRICS nations meeting over two days in Cape Town starting Thursday will be joined by counterparts from countries including Saudi Arabia, the United Arab Emirates, Egypt and Kazakhstan. On the agenda is expansion, with as many as 19 countries aspiring to join