SOUTH-EAST Asia’s two largest economies are the newest recruits of Brics, lending significant clout to the bloc that already commands more than 40 per cent of the world’s gross domestic product as it seeks to strengthen its role as a counterbalance to the West.

Despite the threat of a trade war with the U.S., economists and analysts tell CNBC that this will not stop BRICS from expanding.

Russia and Iran have joined forces to create an alternative to the SWIFT payment system that could power the BRICS alliance.

BRICS wants to usher in an international order not so dominated by the West. To a lot of Global South countries, that's an appealing vision. The post There's a Reason BRICS Is the Hottest Multilateral Ticket in Town appeared first on World Politics Review.

Brazil takes the helm at a moment when diplomatic pragmatism should take precedence over some of the bloc’s more polarizing initiatives.

Indonesia on Monday officially joined the BRICS bloc of developing nations, marking a significant expansion of the group's global influence.

ABUJA, Nigeria -- Nigeria has been admitted as a “partner country” of the BRICS bloc of developing economies, according to Brazil, the group’s chair. BRICS was formed by Brazil, Russia, India and China in 2009, with South Africa added in 2010, as a counterweight to the Group of Seven leading industrialized nations.

According to the Ministry of Foreign Affairs, the formal acceptance to participate as a partner country highlights Nigeria's commitment to fostering international collaboration.

The U.S. government should emphasize the importance of polar diplomacy amid continuing territorial disputes among Arctic nations.

The ministry expressed hope to engage constructively with BRICS members to drive innovation and foster people-to-people exchanges.

Nigeria becomes the ninth BRICS partner country, joining Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, and Uzbekistan.