News Snapshot:
Leaders of the BRICS developing economies, which account for almost a fifth of the world’s wealth, will gather this week in Johannesburg to expand the bloc’s clout and press for a shift in global geopolitics. South African President Cyril Ramaphosa will welcome China’s President Xi Jinping, India’s Prime Minister Narendra Modi, and Brazil’s President Luiz Inacio Lula da Silva for the annual three-day summit, which begins on Tuesday. Russian President Vladimir Putin will also participate remotely. Putin opted not to attend in person since he is the subject of an International Criminal Court arrest order, which South Africa is obligated...