leading the G8 to revert to the G7. Russia is now looking towards greater opportunities in BRICS, a group of major emerging economies, and the G20, which includes both developed and developing ...

The politically inspired intergovernmental Economic Group, G7, was born to expand the market economy, their basis for rapid ...

Despite the threats of punitive sanctions, discussions on exploring the use of alternative currencies are likely to intensify ...

The GDP of the newly expanded BRICS in terms of purchasing power parity (PPP) will reach $65 trln, or 37.3% of global GDP, versus the G7 at 29.9% MOSCOW, August 24. /TASS/. With the 2024 accession ...

Last month’s BRICS summit saw representatives from thirty-six countries discuss the formation of a new world order without dollar dominance—and, by extension, one in which America and its allies no ...

BRICS began in 2001 as a Goldman Sachs acronym: a bet that these economies would dominate global growth by 2050. By 2009, the BRIC countries were meeting as a bloc, and South Africa joined in 2010 — a ...

Though China is the only BRICS economy that has sustained solid growth, the group has surpassed the G7 in terms of relative contribution to global GDP (based on purchasing power parity).

TASS/. BRICS countries’ joint GDP will soon surpass the same indicator of the G7 countries, State Duma’s International Affairs Committee head Alexey Pushkov said on Monday. "The West was very ...

The G7 isn't running the show just because it's rich—it is because it dominates the geopolitical chessboard too. So, BRICS faces this challenge: can it turn its economic muscle into real ...