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Global Power Shifts: BRICS Rises, IRS Gets CEO, ICE Faces Fury

BRICS Expansion Signals Potential Shift in Global Order

The BRICS economic bloc, initially conceived by Goldman Sachs economist Jim O'Neill in 2001, has expanded to include ten countries, signaling a potential shift in the global order, according to Fortune. As of January, the group now comprises Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates.

With almost half of the world's population, nearly three-quarters of its rare earth minerals, and over a third of its crude oil, BRICS is viewed by its advocates as a core of a new world order. This order aims to challenge the dominance of Western voices in dictating the global agenda and serving as the sole source of finance, technology, and expertise, according to Fortune. The expansion comes as the U.S.-led international order shows signs of strain.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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