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BRICS group of emerging powers scales back plans to challenge Western supremacy
Leaders from the BRICS group of emerging powers on Wednesday were to unveil a scaled-back plan to challenge Western supremacy at global institutions like the World Bank. Leaders from Brazil, Russia, India, China and hosts South Africa were set to hammer out deals designed to counter the impact of Europe’s…
Developing countries face digital divide: study
SAN FRANCISCO — The World Economic Forum said Wednesday that the BRICS countries, despite their booming economies, are lagging behind their rivals when it comes to capitalizing on Internet technologies. The Switzerland-based non-profit group released a report highlighting that the world’s most developed countries dominate the top of a “networked…
BRICS call for open selection of next World Bank chief
MEXICO CITY (Reuters) – A meeting of BRICS major emerging countries discussed the selection process of the next head of the World Bank and emphasized it should be open to all countries, rejecting the tradition that the job automatically goes to an American, a senior BRIC official said on Saturday.…
BRICs push for bigger say in running of internet
NAIROBI (Reuters) – Campaigners for a loosely regulated Internet are alarmed at the risk to Web freedom from fast-growing BRIC and other emerging economies seeking more say in how the online realm is policed. They fear tighter government control by authoritarian countries will strangle the liberal culture which has allowed…
World’s major emerging powers meet in China
SANYA, China — Leaders of the world’s major emerging powers are set to meet Thursday in China at a summit expected to tackle the conflict in Libya and reform of the international financial system. The summit of the five-member BRICS bloc — Brazil, Russia, India, China and South Africa —…
South Africa invited to join BRIC economic block
PRETORIA – South Africa announced on Friday it has been formally invited to join the Brazil, Russia, India and China (BRIC) group of key emerging nations, bolstering its image as the economic gateway to Africa. Foreign Minister Maite Nkoana-Mashabane said China, which currently chairs BRIC, invited South Africa to join…
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