BRICS News

Putin: We’ll work with new US administration

Putin said Russia is not looking for enemies and would work with Washington to ensure global stability [Xinhua]
Russian President Vladimir Putin said on Thursday that Moscow does not want to go to war or enter into confrontation and any other country in the world.
During his annual state of the nation televised address Putin said he wanted to work closely with the new US Administration adding that Moscow needs friends to ensure global stability.

Temer’s economic woes worsen

Temer’s post-Rousseff presidency has been rocked by demonstrations and protests against austerity reforms amid continuing graft allegations [Xinhua]
With less than two more weeks before Congress debates a tough fiscal policy reform measure Brazilian President Michel Temer is hoping the business community to back his new economic plans.
But it’s a tough sell as the government continues to be battered by a series of negative economic reports.

World AIDS Day: South Africa tests new vaccine

South Africa’s clinical tests are the most serious effort to find a vaccine in a decade [Xinhua]
South Africa, which has the highest population of people living with HIV in the world, announced on Wednesday that it was embarking on a new set of trials to find vaccines for the potentially deadly virus.
The announcement came on the eve of World AIDS Day – an international commemoration to mark the millions of deaths of people who succumbed to AIDS, and the ongoing efforts to find a cure.

OPEC agree on first output cuts since 2008

Iraq and Iran wanted to be exempt from any production cuts proposed by OPEC [Xinhua]It’s alright if you want to sigh relief.
After nearly a year of speculation and “will-they-won’t-they” trepidation among global energy investors, the Organization of the Petroleum Exporting Countries (OPEC) on Wednesday agreed for the first time in eight years to cut output to stabilize global oil markets.
Oil markets have for the past two weeks rollercoastered as a deal first looked close, then elusive.

Russia airlifts medical units to Aleppo

The Syrian Red Crescent has already dispatched dozens of ambulances to war-torn Aleppo [Xinhua]
Russian media is quoting official sources in the Defense Ministry as saying that they have dispatched several military transport aircraft carrying medical personnel, field hospitals, and medicines in a bid to alleviate the plight of the tens of thousands of civilians who have fled eastern Aleppo in the past few days.
The Syrian army, backed by Hezbollah and Russian air power, has made significant gains in recapturing key districts in Islamist rebel-held Aleppo.

HIV/AIDS on the rise among young, senior males in China

The number of people contracting HIV and then AIDS has been rising in the past six years, Chinese medical authorities have said [Xinhua]
The Chinese Center for Disease Control and Prevention (CDC) has marked an increase in the number of people contracting HIV/AIDS, a report has shown.
On the eve of the United Nations World AIDS Day on December 1, the CDC said that the number of people aged 15 to 24 testing positive for HIV/AIDS increased four-fold between 2010 and 2016.

OECD outlook positive for the US, slow for China, UK

China’s economy needs to undergo structural reforms with focus on innovation, experts agree [Xinhua]
The Organization for Economic Cooperation and Development (OECD) said on Monday that global growth would accelerate to 3.3 per cent in 2017, up from 2.9 per cent this year, as part of its biannual economic outlook.
The report provided an optimistic outlook for the US, forecasting next year’s growth at 2.3 per cent, up from the 2.1 per cent it had estimated in September.

Brazil marks three days of mourning after plane crash

The plane went down in stormy weather but investigators are still looking for answers in the Colombian forest [Xinhua]
Brazilian President Michel Temer called for three days of mourning following the fatal airline crash on Tuesday which killed 75 passengers and crew, including members of the Chapecoense football team.
Authorities reported six survivors, including three members of the football team, two crew and a journalist.
Among the dead were 21 other journalists who had accompanied the team to a match in

Global stocks waver ahead of OPEC deal

Ministers of the OPEC have been unable to reach consensus on a quota cut for more than a year now [Xinhua]
Global stocks are reeling from the uncertainty of an impending deal by the Organization of the Petroleum Exporting Countries (OPEC) on cutting production in order to stabilize oil markets.
On Tuesday morning, Russia said it would not attend an OPEC meeting in Vienna on Wednesday which did nothing to alleviate fears that the cartel was beset by internal divisions about the cuts.

Beijing concerned by possible THAAD in Japan

China and Russia have repeatedly opposed the deployment of such an advanced missile system in the Asia-Pacific region saying it would spark an arms race and feed instability [Xinhua]
China is urging neighbor Japan to work with regional powers to resolve the current crisis on the Korean Peninsula and not resort to unilateral actions with the help of outside parties.