The BRICS group of developing nations is set to announce a new guarantee fund backed by the New Development Bank (NDB) to lower financing costs and boost investment, two people familiar with the ...

Hosting a summit of the BRICS alliance, Putin touted the growing club as an alternative to the West's "relentless foreign influence ostensibly promoting democracy." ...

The BRICS group has become a major political force in the last two decades, building on its desire to create a counterweight to Western influence in global institutions. The group’s expansions ...