Interest in BRICS membership is on the rise, with seven countries applying to join just one week after the recent foreign ministers' meeting.
Delsey Rodriguez, Venezuela’s vice president, announced at an economic seminar in Caracas that the South American nation is another new candidate.
This follows the bloc’s move at its annual summit in 2023, when it invited and approved the accession of Iran, Ethiopia, Egypt and the UAE.
Along with Venezuela, Thailand, Malaysia, Zimbabwe, Colombia, Vietnam and Pakistan have also applied for membership. Rodríguez emphasized Venezuela’s readiness to accept the changing world order.
Pakistan, through Senator Mushahid Hussain Syed, expressed its interest in joining BRICS for the first time, stressing increasing efforts of Russia and China in Southeast Asia to strengthen BRICS influence.
With Thailand and Malaysia, which are preparing for membership, BRICS is poised for a potential second expansion at its annual summit in October 2024, underscoring the alliance’s growing geopolitical importance.
As trade tensions rise and economic signals grow harder to read, America’s largest banks are posting quarterly results that reflect both resilience and caution.
BlackRock CEO Larry Fink has raised alarms over a possible U.S. recession, warning that the downturn may have already begun.
China has fired back at the United States with a sharp tariff increase, raising duties on U.S. imports to 125% effective April 12, 2025.
Global markets were shaken after President Trump unexpectedly announced a temporary freeze on U.S. trade tariffs, slashing rates to 10% for the next 90 days.