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Brics

Brics
Brics (an acronym for Brazil, Russia, India, China and South Africa) refers to an association of 10 leading emerging markets. The other member states are Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates.
Brazil’s Energy Minister Alexandre Silveira chairs the Brics Energy Working Group in Brasília this week
Business of climate change

Brazil criticises developed countries for ‘no interest’ in helping others

Energy minister makes comments in the run-up to a meeting of Brics energy ministers in Brazil’s capital.

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Donald Trump

‘De-dollar’ diplomacy: Brics focus on alternative currency stirs Trump’s ire

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US-China relations

Opinion | The US-China Thucydides Trap is by no means a foregone conclusion

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Not anti-western but ‘non-Western’: Brics urged to jointly face external shocks

Global South grouping just seeks ‘just and reasonable post-Western order’, Shanghai Institutes for International Studies report says.

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The initial Brics grouping of Brazil, Russia, India, China and South Africa has grown to 10 members. Photo: AP
China-India relations

Brics nations divide on US dollar replacement with India declaring ‘no interest’

Bloc ‘has not formed a unified position’ on proposals to end reliance on the currency.

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US-China relations

Opinion | Trump a bigger threat to US dollar than China, ex-senior economics officials say

White House brings ‘budgetary chaos with extraordinary speed’, potentially triggering a fiscal crisis and run on US Treasuries market.

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US-China relations

Editorial | Wang offers stability to world at time of growing uncertainty

Foreign minister makes it clear China is a responsible power, champion of the global order and willing to cooperate against risks.

China’s top diplomat, Wang Yi, said at a news conference that China was a stabilising force in the world. Photo: Kyodo
Diplomacy

Opinion | China is ready to be an anchor in a brave new multipolar world

What seems clear from Munich Security Conference talk is an evolution towards a pluralistic world order. We need an effective governance framework.

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US-China relations

Brics more relevant than ever, summit host Brazil says amid Trump tariff threats

The best response for ‘the crisis of multilateralism is more multilateralism’, according to Brazilian Foreign Minister Mauro Vieira.

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DeepSeek

How DeepSeek could give China the soft power edge it’s looking for

If DeepSeek is cheaper alternative ‘it is possible that AI development and adoption in the Global South could take a Chinese turn’: analyst.

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DeepSeek’s cost-effective model and open-source nature could offer developers overseas the ability to build new products on DeepSeek models at lower cost, analysts say. Image: Reuters
Brazil

Brics summit to tackle AI governance, global health and financial reform: Brazil

Note from bloc’s chair this year reflects plan to promote equitable global governance rather than control by ‘just big corporations’.

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Brazilian President Luiz Inacio Lula da Silva will lead the next annual Brics summit in July. Photo: Reuters
The Philippines

Brics beckons: would the Philippines joining mend its ties with China?

A senator is urging Manila to join the bloc and adopt a more balanced foreign policy amid the ‘inevitable’ march to a more multipolar world.

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US-China relations

Why Panama’s belt and road exit is just the start of Trump’s ‘weak link’ plan

Instead of direct confrontation, the US may target frameworks involving China, such as Brics, to preserve its global power, say analysts.

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US-China relations

Opinion | How Trump is creating a more peaceful and cooperative multipolar world

While Trump escalates tensions with friends and foes alike, global realities could force his hand towards cooperation.

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Illustration: Craig Stephens
China-India relations

China and India agree to resume direct flights and deepen river cooperation

After Sun Weidong and Vikram Misri meet in Beijing, Asian neighbours say they will negotiate to resume Indian pilgrimages to Tibet.

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Talks held under a foreign secretary-vice minister mechanism in Beijing have seen the two sides pledge to strengthen strategic communication and deepen mutual trust. Photo: Chinese Ministry of Foreign Affairs
Donald Trump

Opinion | Trump’s America will be forced to grapple with a rising Brics

Brics has become an alternative power base outside the reach of the US and its allies, and a rising counterweight to US influence globally.

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Technology

Opinion | In the global marathon for tech supremacy, Brics’ size matters

Collaborative, flexible Brics gives leading members China and Russia a significant advantage over the increasingly defensive and restrictive West.

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Diplomacy

Opinion | As the rules-based order declines, hegemony takes on a new form

From new development models to shifting norms, global power is now increasingly shared and contested across different regions and actors.

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Illustration: Craig Stephens
Asean

Opinion | In joining Brics, Indonesia is showing itself to be strategic trailblazer

What Indonesia has gained is strategic autonomy, clout with the US and within Asean, and a bigger voice on the global stage.

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China-India relations

Closer India-China ties: an unintended consequence of Trump’s tariffs threats?

A shared economic adversary could drive the two Asian giants to strengthen their Brics ties, but the way forward is far from clear.

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Russia

Russia, Iran to boost military and trade ties in ‘real breakthrough’ pact

Both countries signed a broad cooperation pact in the face of stinging Western sanctions.

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Russian President Vladimir Putin (left) and Iranian President Masoud Pezeshkian as they attend a signing ceremony at the Kremlin. Photo: AP
Asean

Opinion | Why Southeast Asia’s participation in Brics matters

With Indonesia joining the grouping and Malaysia and Thailand as partner countries, Brics has acquired not just mineral-rich members but also key Asean voices.

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Brazil’s President Luiz Inacio Lula da Silva (left) with Indonesia’s President Prabowo Subianto at the G20 summit in Rio de Janeiro, Brazil, on November 18. Brazil, which holds the rotating Brics presidency in 2025, announced on January 6 that Indonesia had become a full member of the bloc. Photo: AFP/Brazilian presidency
Indonesia

Indonesia to keep pushing for South China Sea code, expand defence ties

Foreign minister Sugiono outlined Jakarta’s diplomatic agenda that included peaceful conflict resolution and continued support for Gaza.

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US-China relations

US urged to bolster Global South ties to counter China-Russia partnership

Washington must build up relations with ‘global swing states’ and offer a more ‘affirmative and assertive’ trade policy, say authors.

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Indonesia

Is Indonesia’s Brics entry a ‘strategic hedge’ or challenge to US interests?

The move, championed by Prabowo, reflects a bid to elevate Indonesia’s global standing – but could complicate ties with the US under Trump.

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US president-elect Donald Trump has threatened to impose tariffs of up to 100 per cent on Brics members. Photo: Reuters
Indonesia

Indonesia joins Brics as newest full member: Brazil foreign ministry

Addition of world’s fourth-most populous nation to group of major emerging national economies hailed as ‘deepening’ Global South cooperation.

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Brazilian President Luiz Inacio Lula da Silva (left) posing for a picture with Indonesian President Prabowo Subianto during the G20 leaders’ meeting in Rio de Janeiro, Brazil, on November 18, 2024. Photo: AFP
Banking & finance

Macroscope | Rising ‘United States of Eurasia’ will need a development bank to support it

From Eurasia’s vast potential to growing new development banks, emerging market economies are carrying more weight in a global economy.

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Asean

Opinion | How Global South can resist US hegemony and its isolationism

Open engagement is key to countering both Donald Trump’s transactional nationalism and the US establishment’s drive for global hegemony.

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