The influence of BRICS, a global forum championed by China, Russia, and India, is on the rise. Still, even its major members have to negotiate internal conflicts amid challenges posed by the Trump ...

The global financial system has traditionally been controlled by Western institutions and currencies, notably the US dollar.

Jim O'Neill has grown more open to the idea of a common currency that could serve as an alternative to the dollar.

BRICS is a term that first started being used about 25 years ago to refer to the emerging economies of Brazil, Russia, India and China. In 2009, on Russia’s invitation, the four BRIC nations held ...

According to Russian Foreign Minister, "the mechanism of the Contingent Reserve Arrangement, including the use of currencies alternative to dollar, is being improved" RIO DE JANEIRO, July 7. /TASS/.