Iran and Saudi Arabia are among 6 nations invited Thursday to join the BRICS bloc of developing economies. United Arab Emirates, Argentina, Egypt and Ethiopia are also set to join the bloc from 2024.
South Africa says Russian President Vladimir Putin will not attend the BRICS summit it's hosting in August, putting an end to questions over whether it would act on an arrest warrant for Putin.
A few years ago, amid a global recession, Brazil was the darling of the financial markets. But last year, the country barely avoided recession. Prices are soaring, and investors are looking elsewhere.