Supporters of South Africa’s ruling African National Congress (ANC) celebrate outside Parliament after South African President Jacob Zuma survived a no confidence motion in Cape Town, South Africa, on Aug. 8, 2017 [Xinhua]Members of the ruling African National Congress (ANC) in South Africa rallied around President Jacob Zuma preventing his ouster from office through a vote in Parliament.
Emerging markets from Dubai to Mexico have seen better prospects for growth in these economies [Xinhua]
The US dollar has dipped against major currencies, including those of developing countries, in recent weeks leading many analysts to predict a return of investments to emerging markets.
Fears of the the US Federal Reserve’s monetary tightening and its effects on these markets have eased in the past year as countries such as Russia, India, Mexico and Brazil institute financial reforms which have helped them boost exports and lower imports.
Temer says the charges are designed to derail his economic reform plans; he wants to raise taxes and cut public spending [Xinhua]
Brazil’s Chamber of Deputies, the lower house of Parliament, will today vote on yet more corruption charges against President Michel Temer.
In early July, the rapporteur for a Brazilian lower house committee examining a corruption charge against Temer recommended that the body vote to put him on trial.
The 7th Meeting of the BRICS Trade Ministers is held in Shanghai, east China, Aug. 1, 2017 [Xinhua]Trade ministers from the Brazil, Russia, India, China and South Africa are discussing trade facilitation, economic and technological cooperation, and the multilateral trade system at a two-day annual meeting that began on Tuesday in Shanghai.
The BRICS ministers are looking at boosting cooperation of the bloc within the WTO and preparation for the 11th Ministerial Conference in December.
On Tuesday, Chinese Minister of Commerce Zhong Shan warned against trade favouritism.
Germany Foreign Minister Sigmar Gabriel with Russian President Vladimir Putin at the Kremlin on 29 June 2017 [Image: PPIO]Germany has hit back at the US for new American sanctions on Russia that target Russia’s Nord Stream 2 gas pipeline to Europe.
German Foreign Minister Sigmar Gabriel said on Monday he hopes US President Donald Trump will finally opt not to sign the bill on further anti-Russian sanctions in its current edition.
Analysts agree that 2017 was a good year so far for emerging markets. But can growth last? [Xinhua]
A mix of a weaker-than-expected US dollar in recent weeks and positive industrial data from China has boosted emerging markets to peak levels not seen in nearly three years.
The MSCI Emerging Markets Index – which measures equity market performance in some 26 emerging countries – rose 1 per cent Thursday, beating its record last year and registering the highest level since September 2014.
China has urged the US and Russia to work with the rest of the international community for a speedy resolution to the bloody Syrian civil war [Xinhua]
China is calling for a united Syria and is encouraging parties to the six-year conflict to work hard together toward a peaceful resolution.
Chinese Special Envoy for Syria Xie Xiaoyan reiterated his country’s position during his visit to Tehran where he met with Iranian officials.
He added that it was Beijing’s unwavering position that Syria’s sovereignty and territorial integrity be maintained.
Many tourists flock to South Africa to take in its natural beauty, such as these flowers of the Jacaranda blossom in Pretoria [Xinhua]
The release of the Tourism 2016 report by Statistics South Africa (Stats SA) this week showed that although there was a strong rebound in last year due to the weak rand, which made a holiday in South Africa very cheap for an overseas tourist, the country was still suffering from the imposition of more stringent visa requirements.
Both Putin and Trump wanted to extend their first meeting beyond the 140 minutes, US officials have said on the sidelines of the G20 Summit in Hamburg, Germany [PPIO]
It was meant to last for half an hour but the first face-to-face meaning between Russian President Vladimir Putin and his US counterpart Donald Trump last for more than two hours.
In a much anticipated meeting which US media had speculated would be a charged, high-stakes face-to-face, the two leaders exchanged pleasantries as if they were two old friends trying to work out a difference between them.
BRICS Leaders meet in Hamburg, Germany on 7 July 2017 [Image: PPIO]BRICS countries have warned of persistent downside risks to the global economy ahead of a G20 Summit in Germany.
Leaders of Brazil, Russia, China, India and South Africa, Michel Temer, Vladimir Putin, Xi Jinping, Narendra Modi and Jacob Zuma, met on Friday in Hamburg, Germany ahead of the G20 Summit.
At the meet, Chinese President Xi Jinping called on the BRICS countries “to promote common development and push for more international support for African countries”.
