Newly-elected Argentina President Milei cancels plan to join BRICS

News Snapshot:

The newly elected far-right President of Argentina, Javier Milei decided not to join the BRICS bloc of developing economies, saying that the timing for Argentina’s membership in the bloc is not opportune. The BRICS, a group of emerging-market nations is poised to double its membership as Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt are set to join on January 1, South Africa’s envoy to the bloc was quoted as saying by Bloomberg. In August, the current members – Brazil, Russia, India, China, and South Africa – extended invitations to six other nations, establishing a connection between major...