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BRICS gearing up for digital revolution

The five-nation bloc of emerging economies Brazil, Russia, India, China, and South Africa (BRICS) has decided to work closer together to embrace rapidly developing technology that has carved a fourth industrial revolution. Dubbed the Digital Age or Revolution 4.0, it is considered the fourth major technological era since the 18th century. It encompasses digital technology as well as nanotechnology, biotechnology, ...

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Mexico turns to Russian wheat amid escalating trade spat with United States

Producers of Mexican bread, pasta and flour tortillas are looking for cheaper supplies of wheat from Russia in an attempt to reduce reliance on the US due to an ongoing trade conflict with its northern neighbor. The US market share is currently undergoing a dramatic decline as Mexico, the major purchaser of American grains, is turning to alternative markets amid ...

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US making mistake using dollar as political weapon – Putin

Washington’s use of payment systems for political purposes undermines the US dollar as a global currency, said Russian President Vladimir Putin at the BRICS Summit in South Africa. According to Putin, Russia has no intention of getting rid of the US dollar, as the currency is widely used in international trade and business. “We will continue to use the US ...

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Russia will light up Africa – Putin

The African continent is in huge need of energy investments, and Russia could become one of its key partners, according to President Vladimir Putin speaking at BRICS summit in Johannesburg. “I would especially like to note that Russia is planning to step up its assistance in development of national energy in African states,” said the Russian president during the BRICS-Africa ...

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Russia will light up Africa – Putin

The African continent is in huge need of energy investments, and Russia could become one of its key partners, according to President Vladimir Putin speaking at BRICS summit in Johannesburg. “I would especially like to note that Russia is planning to step up its assistance in development of national energy in African states,” said the Russian president during the BRICS-Africa ...

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Mark Zuckerberg loses $17bn in a day & some investors want him fired as Facebook chairman

Facebook chairman and CEO Mark Zuckerberg is having a very bad day. On Thursday, he lost $ 17 billion of his fortune, Facebook shares dipped almost 20 percent, and now, some shareholders want his influence on the company reduced. Read more The money the Facebook CEO lost is only one-fifth of his net worth, which has fallen to $ 70 ...

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Facebook market value shrinks by $119 billion in biggest single day loss

Published time: 26 Jul, 2018 20:50 Edited time: 26 Jul, 2018 21:03 Facebook shares have fallen 19 percent, wiping $ 119 billion off the social media giant’s value. The one-day percentage drop, the biggest ever for US traded company, comes after it forecast years of lower profit margins. Facebook shares closed at $ 176.26 on Thursday. “We expect our revenue-growth rates ...

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BRICS countries the engine that powers global economic growth

Unilateralism, coming particularly from the US, brings the “great growth nations” of BRICS closer and helps them strengthen ties, the CEO of global internet and media group Naspers, Bob van Dijk, told RT. The BRICS group unites the emerging economies of Brazil, Russia, India, China, and South Africa. The countries represent more than 40 percent of the world’s population. “Most ...

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Coca-Cola blames steel & aluminum tariffs for planned price hike

Prices for canned Coke in North America are set to rise in part due to the financial strain linked to tariffs on foreign steel and aluminum introduced by Washington earlier this year, according to the Coca-Cola Company. “We had to take with our bottling partners an increase in prices in our sparkling beverage industry in the middle of the year, ...

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BRICS trade surges by 30% as global market influence of developing economies grows – Putin

Russian trade with fellow BRICS countries has grown significantly in the last year, and the country wants to keep the momentum going, said President Vladimir Putin in his opening address at the BRICS Summit in South Africa. The 10th annual BRICS summit takes place in Johannesburg, South Africa on July 25-27, where the leaders of governments of the five member ...

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