Amid the fanfare surrounding BRICS’ expansion last month, the longstanding tensions between Egypt and Ethiopia over the latter’s mega-dam project on the Nile went largely unnoticed. In offering both countries membership, BRICS has absorbed a complex regional conflict, raising questions over its potential to shape global affairs.
Former U.S. President Donald Trump upended what was once a relatively staid global economic and trade system. For all of the upheaval he created, though, Trump left office with only one clear-cut accomplishment: an updated NAFTA deal. And even as Trump sowed chaos in America’s trade relationships, most of the world reinforced its commitment to trade liberalization.
Two tourists were shot dead by the Algerian coast guard last week after mistakenly straying into Algerian waters while jet-skiing off the coast of Morocco. The incident highlights the potential for unintended escalation between the two neighbors and historical rivals, whose diplomatic ties have been severed since August 2021.
A group of five will soon be a concert of eleven. At last week’s summit of the BRICS nations, Brazil, Russia, India, China, and South Africa agreed to invite Ethiopia, Argentina, Iran, Egypt, Saudi Arabia, and the United Arab Emirates to officially join the group on Jan. 1, 2024. The expanded BRICS shows its members’ dissatisfaction with the Western-led economic and political order.