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China's Xi: BRICS expansion injects new vitality to group's cooperation

BEIJING (Reuters) -The expansion of BRICS will inject new vitality into the group's cooperation mechanism, Chinese President Xi Jinping said on Thursday before also announcing an upcoming launch of a $10-billion special fund aimed at bolstering global development. The BRICS group of nations reached a broad consensus to invite six countries - Argentina, Egypt, Iran, Ethiopia, Saudi Arabia and the United Arab Emirates - to join, in a move aimed at increasing the clout of a bloc that has pledg...
Saudi Arabia United Arab Emirates South Africa Albee Zhang Liz Lee Ethan Wang
Source: yahoo.com

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BRICS to welcome six new members, a 'historical milestone'

The BRICS countries welcomed six new members from three different continents on Thursday, marking a historical milestone that underscored the solidarity of BRICS and developing countries and determination to work together for a better future, officials and experts said. The expansion of the BRICS, as a new starting point for multilateral cooperation, will play a positive role for more equitable and just global governance, experts said.
Suez Canal As Suways Saudi Arabia United Arab Emirates South Africa South African

Xi Jinping unexpectedly pulls out of BRICS summit speech in 'extraordinary' move

Chinese President Xi Jinping unexpectedly pulled out of delivering a speech at the BRICS summit in South Africa - leading to speculation he might be unwell. The Chinese leader was in Johannesburg for the business forum but asked his commerce minister Wang Wentao to deliver the remarks instead. The unusual move has sparked speculation that something was "amiss" but it is unlikely the Chinese government will provide an explanation.
United Arab Emirates United States South Africa Saudi Arabia South African Vladimir Putin
Source: yahoo.com

No explanation as Xi Jinping unexpectedly skips his speech at Brics business forum

Chinese President Xi Jinping failed to show up at the Brics Business Forum on Tuesday in South Africa, where he was expected to deliver a speech alongside his counterparts. In his place, Commerce Minister Wang Wentao read the speech that criticised the US over its tendency toward "hegemony". Xi, in the speech read by Wang at the Sandton Convention Centre in Johannesburg, said the US tended to fight countries that threaten its dominance in global affairs and financial markets. The speec...
South Africa Dilma Rousseff Narendra Modi Sergey Lavrov Wang Wentao Vladimir Putin
Source: yahoo.com

China's Xi Says BRICS Should 'Accelerate' Plan to Expand Members

(Bloomberg) -- President Xi Jinping called on the BRICS bloc of emerging markets to fasttrack a plan to expand its members at a summit in South Africa, as China leads a push to give the group more clout on the world stage.Most Read from BloombergHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBonds Climb on Weak Data as US Jobs Revisions L...
New Delhi Saudi Arabia South Africa Bloomberg Businessweek Wang Wenbin Wang Wentao
Source: yahoo.com

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