Rio Mayor Eduardo Paes says bid, which would centralise Brics offices, would boost city’s global standing and draw investment and jobs.

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A summit of leaders from the BRICS group of major emerging economies kicks off in Brazil Sunday – but without the top leader of its most powerful member.

Both Jakarta and Hanoi seek to preserve strategic autonomy while navigating an increasingly polarized international environment. BRICS may offer a third path.

India needs to look beyond BRICS for trade advantages, according to Trinh Ngyuen, Senior Economist at Natixis. To that end, she says India needs trade deals with the EU and the U.S.. She believes India can gain from businesses "reshuffling" out of China,

The world has changed and the western-led postwar order is over, or so the Brics bloc of developing nations insists. Equally clear at the group’s annual summit in Rio de Janeiro this week was that the Brics have changed too — and not for the better. The new model is bigger, less coherent and far less likely to achieve any of its putative goals.

Brics can only provide credible leadership in a changing global order when it addresses its many inner contradictions.

At their latest summit in Brazil, the BRICS nations once again portrayed themselves as an emerging geopolitical heavyweight. Yet the internal contradictions within this expanding group remain plain to see.