BRICS Bank

Is North Korean leader Kim Jong Un the insane leader of a rogue state as the media makes him out to be? Here, he is addressing the central committee of the ruling Workers’ Party in Pyongyang [North Korean Central News Agency]
News that the Democratic People’s Republic of Korea (DPRK, also known as North Korea) on Sunday successfully tested its sixth hydrogen bomb, meant for long-term missile warfare, has brought speculations of a nuclear Armageddon back to the fore.

The 9th BRICS summit in Xiamen, China is not a routine meeting because it comes at a time when the bloc is entering a new stage of intensive development.
Moreover, it is the place for China to demonstrate its new role in international relations and the global economy.
The summit also comes at a time of increased political tensions in different areas, both close to the venue itself – that is, the Korean peninsula – and faraway Syria and the Middle East.

The signing of joint documents following the BRICS leaders meeting in Ufa, Russia on 9 July 2015 [PPIO]BRICS members made their first contributions worth a total of $750 million to the capital of the New Development Bank BRICS, an official statement said on Thursday.
According to the report, the tranches to the bank’s capital were paid in accordance with the lender’s agreement signed during the BRICS Summit last year.