BRICS countries represent 40% of the world’s population and a quarter of the world’s economy, and the group is now considering a possible expansion to more than 20 other countries.

Last week Puerto Rico officially became the largest bankruptcy case in the history of the American public bond market. On May 3, a fiscal control board imposed on the island’s government by Washington less than year ago suddenly announced that the Puerto Rico’s economic crisis “has reached a breaking point.” The board asked for the immediate […]