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Protectionism threat to global trade: BRICS

Trade ministers from the Brazil, Russia, India, China and South Africa are discussing trade facilitation, economic and technological cooperation, and the multilateral trade system at a two-day annual meeting that began on Tuesday in Shanghai. The BRICS ministers are...

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Brazil lower house to vote on Temer bribery charges

Brazil’s Chamber of Deputies, the lower house of Parliament, will today vote on yet more corruption charges against President Michel Temer. In early July, the rapporteur for a Brazilian lower house committee examining a corruption charge against Temer recommended that...

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BRICS Skills Competition 2017

To promote BRICS skills development and technology exchanges and improve cooperation of professional development, the BRICS Business Council Skills Development Working Group resolved to hold BRICS skills competitions The First BRICS Competition will be conducted under...

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China calls for unity of all Syrians

China is calling for a united Syria and is encouraging parties to the six-year conflict to work hard together toward a peaceful resolution. Chinese Special Envoy for Syria Xie Xiaoyan reiterated his country’s position during his visit to Tehran where he met with...

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China plans to launch national AI plan

SHANGHAI – China will launch a series of artificial intelligence (AI) projects and increase efforts to cultivate tech talent as part of a soon to announced national AI plan, the China Daily said on Friday, citing a senior official. The country is focusing on AI...

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Hong Kong stocks extend gains to eighth day

Hong Kong stocks rose for an eighth-straight day on Wednesday, boosted by interest from mainland traders concerned about a Beijing crackdown on high-risk dealing on financial markets. The Hang Seng Index climbed 0.56 percent, or 147.22 points to 26,672.16. And the...

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22 dead in pre-dawn house fire in eastern China

A pre-dawn fire in a two-story house in eastern China has killed 22 people and injured three. The city of Changshu in Jiangsu province, about 80 kilometers (50 miles) northwest of Shanghai, said Sunday in a brief social media post that the fire broke out around 4:30...

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China Q2 GDP grows 6.9%, beats forecasts

China’s GDP rose 6.9 percent year on year in the second quarter of 2017, flat from the first quarter, official data showed Monday. The pace was slightly higher than previous market consensus of 6.8 percent and well above the government’s annual target of “around 6.5...

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Chinese Nobel Peace Prize

BEIJING, July 13 – Chinese Nobel Peace laureate Liu Xiaobo has died, the government of the northeastern Chinese city of Shenyang, where he was being treated for late-stage liver cancer, said on Thursday. The Shenyang legal bureau said in a brief statement on its...

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Benefits of globalisation must reach all: BRICS

BRICS countries have warned of persistent downside risks to the global economy ahead of a G20 Summit in Germany. Leaders of Brazil, Russia, China, India and South Africa, Michel Temer, Vladimir Putin, Xi Jinping, Narendra Modi and Jacob Zuma, met on Friday in Hamburg,...

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23 projects worth $6 bn in pipeline: BRICS Bank

The BRICS Bank has 23 projects at various stages of preparation for 2017 to 2018, with a total lending amount of $6 billion, NDB President K.V. Kamath said at a press conference on Thursday in Shanghai. Seven of these projects are in Brazil, six in India, two in...

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Tough talks ahead for Putin-Trump summit

The Kremlin on Tuesday confirmed that a high level meaning between Russian President Vladimir Putin and his US counterpart Donald Trump would indeed take place on the sidelines of the G20 summit in Hamburg Germany this Friday. While Russian officials provided little...

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China to strengthen anti-water pollution laws

The authorities in the Chinese capital Beijing, which is currently under a red alert smog warning, are now turning to ways of tackling water pollution. A draft anti-water pollution piece of legislation was published in the Chinese press on Monday. It comes as an...

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Fact Check: is China dumping steel?

Ian Greenwood, University of Leeds We are continuing to act, when necessary, against unfair trading conditions in the steel sector, and against foreign dumping. European Union Trade Commissioner Cecilia Malmstroem speaks after the EU introduced new duties on steel...

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China calls for BRICS to unite closely

Chinese Foreign Minister Wang Yi on Sunday called for closer cooperation among the BRICS countries. Wang met visiting South African, Indian and Russian officials ahead of a BRICS foreign ministers’ meeting in Beijing. In the bilateral meeting with South African...

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Temer denies new bribery charges

Brazilian President Michel Temer is again facing the types of pressures he subjected his predecessor to as corruption charges continue to dog his presidency. On Tuesday, an impassioned Temer took to national television to appeal to the Brazilian public and claim his...

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India leads global growth in OECD report

The Organization for Economic Cooperation and Development (OECD) is calling on major developed and developing countries to find new ways to ensure that globalization succeeds. In its latest economic outlook published on Wednesday, the organization of 35 countries said...

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China calls for BRICS to unite closely

Chinese Foreign Minister Wang Yi on Sunday called for closer cooperation among the BRICS countries. Wang met visiting South African, Indian and Russian officials ahead of a BRICS foreign ministers’ meeting in Beijing. In the bilateral meeting with South African...

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China: Forum urges greater BRICS cooperation

Fuzhou, the capital of southeast China’s Fujian Province, today played host to more than 400 economic, political and social representatives from BRICS meetings who are meeting to boost cooperation. The BRICS representatives are looking for ways to come up with...

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Brazil’s tide against corruption swells

Susan Rose-Ackerman, Yale University Brazil’s political turmoil is going into overdrive, exacerbated in recent days by the discovery of a tape recording allegedly of President Michel Temer approving some US$600,000 in hush money to pay off a disgraced political ally....

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Russian Premier to meet Erdogan in Istanbul

Russian Prime Minister Dmitry Medvedev will meet Turkish President Recep Tayyip Erdogan during an official visit to Istanbul on Monday. Erdogan secured a narrow win in a referendum on constitutional changes to give the president sweeping new powers earlier last month....

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China adds 4.65 million new urban jobs in Q1

4.65 million new jobs were created in China in the first four months of this year, official data showed Monday. The number was 220 000 higher than the same period last year, China’s National Bureau of Statistics spokesman Xing Zhihong told a news conference on Monday....

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Brics bank is offering more of the same

Indian and Chinese representatives mark the launch of the New Development Bank. Picture: EPA The New Development Bank recently held its second annual meeting in the Indian capital of New Delhi to discuss the sustainability of financing development projects in its...

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China sets four goals for BRICS Summit

China has set four main goals for the 9th BRICS summit which it will host in Xiamen in east China’s Fujian Province in September. During the first BRICS Sherpa meeting in Nanjing, capital of east China’s Jiangsu Province State Councilor Yang Jiechi outlined the four...

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Beijing hails ASEAN statement on S China Sea

China’s foreign ministry on Tuesday said it is encouraged by recent statements made by the Association of South East Asian Nations (ASEAN) regarding ongoing disputes in the South China Sea. Maritime disputes between China on the one hand and the Philippines, Vietnam,...

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Stop interfering in Hong Kong: China tells EU

After the European Union urged the Chinese government and Hong Kong to begin electoral reforms, Chinese Foreign Ministry hit back on Thursday telling the EU to stop interfering. The European Commission and European External Action Service issued their 2016 reports on...

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Can India outpace Germany, UK by 2022?

India is on track to become the world’s fourth largest economy in 2022, the International Monetary Fund said, with the economy overcoming any hiccups caused by last year’s demonetization campaign. “Ranking countries and regions on their gross domestic product for 2017...

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