Entries by brics_admin

Wealth of India super rich increased by 87% in 5 years

In a report from the IIFL Wealth Management and Wealth-X which showed that in the past five years India’s wealth has made a generational leap with an 87% increase. The report also went on say that India’s ultra-high net worth individuals (UHNWIs) are richer and slightly younger than their global counterparts. India is also home […]

World Bank praises India’s renewable energy success

The World Bank has praised India for its renewable energy efforts – which have allowed the country to lower its solar prices to record low prices. The World Bank report titled “Regulatory Indicators for Sustainable Energy (RISE) 2018, measures global progress on sustainable energy policies” was released on 24th Conference of the Parties to the […]

Trump planning new US-Africa strategy to curve China and Russia’s growing influence

The US is aiming at curving China and Russia’s influence on the Africa continent. The strategy that the US is planning to employ includes strengthening ties with countries deemed potentially vulnerable to overtures from China and Russia. The plan will be drawn up by the White House National Security Council and presented this week. The […]

Brazil and Israel sign a MoU on technological innovation

A new partnership between Israel’s innovation Authority and the Brazilian agency for industrial research and innovation was publicised on Monday. The innovation agencies signed a memorandum of understanding (MoU) on technological innovation and industrial research and development. The MoU you is set to increase both country’s competitiveness and capacities in innovation. According to Xinhua, this […]

Russian Federation Navy Ships arrive Visakhapatnam to participate in INDRA NAVY 2018

Russian Federation Navy (RuFN) Ships Varyag, Admiral Panteleyev and Boris Butoma arrived Visakhapatnam to participate in INDRA NAVY, the bilateral maritime exercise between Indian Navy and Russian Federation Navy exercise on 09 Dec 18.  The 10th edition of exercise INDRA NAVY will be conducted at/off Visakhapatnam from 09 to 16 December 2018. The primary aim […]

Russia support the African Union in establishing peace

Russia supports the African Union in establishing stability, says Algerian Diplomat and African Union’s Peace and Security Commissioner Smail Chergui. Chergui had an interview with Sputnik on Friday. “Russians are not pushing for a different [Peace settlement],” the Commissioner said.  Russia’s Foreign Minister, Sergey Lavrov assured his country’s support for the African initiative in his […]

SA reaffirms its commitment to human rights

Marking the 70th anniversary of the Universal Declaration of Human Rights (UDHR), President Cyril Ramaphosa has reaffirmed South Africa’s commitment to uphold and champion human rights. “The Universal Declaration of Human Rights was adopted at a time when the nations of the world were etched with the scars of war. It too is a reminder […]

China’s core AI industry to exceed 145 bln USD by 2030: report

The value of China’s core Artificial Intelligence (AI) industries could exceed 1 trillion yuan (145.47 billion U.S. dollars) by 2030, with that of AI-enabled industries more than 10 trillion yuan, a latest report by Bloomberg Intelligence (BI) said. Titled “China’s great tech leap forward”, the report said that China’s push to commercialise AI technologies, supported […]

Russia unveils Peresvet laser system

The Russian Peresvet laser system which is designed to destroy targets in seconds was unveiled by Russia over the weekend and is now in combat service. Named after the warrior monk Alexander Peresvet, Russia has been testing the weapon throughout the year and is now being issued to military. The aim in creating the weapon […]

Deputy President David Mabuza to visit South Sudan

Deputy President David Mabuza in his capacity as President Cyril Ramaphosa’s Special Envoy to South Sudan will undertake a regional consultative Working Visit to three member states of the Intergovernmental Authority on Development (IGAD) as part of the efforts towards lasting peace and stability in South Sudan. The Deputy President will visit Nairobi in the […]