RE:Brics vs G7Yep....although most of the growth in BRICS is really India and China
In terms of ESG, saw a clip a couple of days ago on Bloomberg where they were interviewing Giorgia Meloni the PM of Italy and she was commenting that international trade is a great thing as long as it is fair. She went on to say that trade is currently not fair since many countries like China don't restrict their businesses like Europe and saddle them with extra costs which make them uncompetitive.
When asked what the solution is, she said that they are unlikely to change but the same goes for Europe and so she didn't see a change in the trend line. Something that keeps her up at night.
Very telling IMO...