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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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Analysis: Trump ups pressure on Iran

In less than two weeks, the Trump administration has done an about face moving from focusing on domestic issues to aggressively posturing itself in the midst of foreign policy flare-ups. While tensions with North Korea may have somewhat tempered down, the Trump White...

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China to overhaul economic laws

Chinese authorities are looking for ways to fast-track economic reform, moving focus from an economy that is based on manufacturing and industry toward consumer-driven services. On Monday, they began to examine ways to amend the Standardization Law of 1989 which...

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Brics: more action, less howling, please

As with the Bretton Woods institutions or the International Criminal Court, Africa must do more than just howl about injustice. Corrupt leaders and their apparatchiks in Africa like to blame our colonial past to shield their incompetence and impropriety. They must not...

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Russia, US top diplomats meet in Moscow

A day after Russian President Vladimir Putin said he believed Washington plans more missile strikes against Syria, US Secretary of State Rex Tillerson and his Russian counterpart Sergei Lavrov held talks in Moscow on Wednesday. Moscow believes it is important that the...

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China’s State Council urges focus on job creation

With a focus on continued economic reforms China’s State Council on Wednesday put forth a plan to ensure development and boost the jobs market. The Council also supported the supply-side structural reforms which began in earnest in 2014 as China’s economic growth...

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BRICS special envoys discuss Syria, Iraq crises

A two-day meeting of BRICS special envoys on Middle-East concluded in India after discussions on coordinated approaches to the crises in Syria, Iraq and Palestine-Israel tensions. This was the second meeting of envoys on Middle-East from the five-nation group which...

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Russian arms more lucrative since Syrian crisis

The marketability of Russian military hardware has been given a boost because of their performance in the Syrian theater of operations, said a military expert attending the Lima 2017 Maritime and Aerospace show in Peru. Russia has since September 2015 deployed such...

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Australia, China to protect globalization

In a testament of growing bilateral ties, Australia and China pledged on Thursday to safeguard globalization and free trade and do away with barriers which might be established as protectionist policies. “We believe that to resolve trade imbalance we need to continue...

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OPEC, oil producers could extend cuts for six months

There is growing momentum that an agreement between OPEC and non-OPEC members to curb oil production output be extended another six months in the hopes of re-balancing falling prices. A committee bringing together the aforementioned oil producers had recommended the...

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Modernizing the military a key goal, Xi says

Chinese President Xi Jinping told the third plenary of the National People’s Congress on Sunday that a key goal of his government is to consistently upgrade and modernize the military to meet existing and future challenges. “Efforts should be made to provide greater...

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BRICS sherpas call for enhanced cooperation

The BRICS sherpas on Friday agreed that the five countries need to enhance cooperation in areas including security, economy and people-to-people exchanges. The pledge came as the First BRICS Sherpa Meeting was held from Thursday to Friday in Nanjing, capital of...

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Smuggled ivory down by 80 per cent

Years of increasingly rigid policies curbing the ivory trade have started to pay off, China’s State Forestry Administration (SFA) said on Sunday. “The amount of smuggled ivory tracked down in China fell 80 percent in 2016,” the SFA said. The decline comes as a...

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Still hope for building Brics

Few concepts did more to change the way global politics and economics were perceived in the last decade than Brics. Initially, it was an acronym for the rising global economic power of Brazil, Russia, India and China and they were later joined by South Africa to...

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Russia ‘working well’ on anti-doping – report

World Anti-Doping Agency (WADA) President Craig Reedie told Russian state news outlet RT earlier this week that the country is “working well” on cracking down on doping. “You can’t do this progress overnight. This is step, by step, by step,” Reedie said. “We’ve told...

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