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When Jim O'Neill of Goldman Sachs first coined the acronym BRICS to describe the rapidly growing economies of Brazil, Russia, India, China and South Africa they were great engines of economic growth in the world. Not any more. Today Business Daily asks Mr O'Neill what he thinks has gone wrong.

Plus Lucy Kellaway of the Financial Times on why you can ignore the old lie about not judging a book by its cover - looks really do matter in the workplace.

(Image: From left, India prime minister Manmohan Singh, President of the People's Republic of China Xi Jinping, South Africa president Jacob Zuma, Brazil president Dilma Rousseff and Russian Federation president Vladimir Putin. Credit: AFP/Getty Images)