Nobel Prize-winning economist Joseph Stiglitz has praised the new development bank founded this week by the BRICS countries for creating a financial institution that could counter the Western-dominated IMF and World Bank.
Revelations of the National Security Agency’s global spy program, together with civil strife in Ukraine has severely damaged Barack Obama’s popularity among Brazilians, Germans and Russians, a major US polling agency reported.
The sixth summit of the BRICS group of large emerging economies in Fortaleza, Brazil, is a curtain-raiser to a brave new world where leading developing countries finally challenge the iniquitous international system.
The BRICS countries want to challenge the international financial system’s dependency on US policies and strengthen the rule of international law, Vladimir Putin said. He stressed, however, that there are no plans for a military or political alliance.
A Russian prankster stunned social media across the globe on Sunday night as he ran on to the pitch as Germany was playing Argentina in the World Cup final in Rio de Janeiro. His popularity soared, with his YouTube page soaring to over 6 million hits.
Brazilian President Dilma Rousseff symbolically handed over the World Cup to her Russian counterpart Vladimir Putin on Sunday, as Russia is set to host the 2018 tournament. The two were joined by FIFA president Sepp Blatter.
Germany has claimed a fourth World Cup crown in a 1-0 win against Argentina after extra time in the final in Rio de Janeiro. Substitute Mario Goetze was the hero, as he scored the only goal with seven minutes to go.
In a most touching episode from the World Cup, Netherlands’ Robin van Persie paid tribute to the most loyal and also most noticeable of the team’s fans, dubbed the Orange General, by giving him his captain’s armband and, possibly, more...
Russia is to urge its BRICS counterparts to set up an energy association that will include a fuel reserve, as well as the institute for energy policy, according to Russian presidential aide Yuri Ushakov.