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☆ Time to target fossil fuel demand, not supply
▼ + stars: | 2023-09-11 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

Campaigners are, of course, right that the world needs to cut its use of fossil fuels. But focussing on curbing supply is not as effective as pushing for measures that cut demand - such as carbon taxes, faster permissioning of renewable energy and green subsidies. International climate negotiators are also wrangling over whether to “phase down” fossil fuels. Demand for fossil fuels will fall if they are more expensive - and economies will have a strong incentive to switch to renewable energy. Regulation is another method for driving down demand for fossil fuels.

Persons: Ajay Banga, Luiz Inacio Lula da Silva, Narendra Modi, Cyril Ramaphosa, Joe Biden, Evan Vucci, wouldn’t, George Hay, Thomas Shum Organizations: World, Indian, REUTERS Acquire, Reuters, OPEC, European Union, EU, Thomson Locations: New Delhi, India, Saudi Arabia, Russia, Nations, Canada, United States, OPEC, China, U.S, United Kingdom, EU

☆ To counter China, Biden is backing the World Bank for a bigger role on the global stage
▼ + stars: | 2023-09-11 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +5 min

From left, World Bank President Ajay Banga, Brazil's President Luiz Inacio Lula da Silva, India's Prime Minister Narendra Modi, South Africa's President Cyril Ramaphosa and U.S. President Joe Biden in New Delhi on Sept. 9, 2023. "There's no way there's enough money in the multilateral development bank, or even in governments ... that can drive the kinds of changes we need for this polycrisis. Biden backs World BankLeaders at the summit agreed that this isn't something the World Bank can tackle alone. The World Bank was created in 1944 to help rebuilding efforts in Europe and Japan after the Second World War. Both the World Bank and IMF have pledged to form a stronger partnership to help countries with their debt struggles, sustainability goals, and digital transition.

Persons: Joe Biden, Ajay Banga, Luiz Inacio Lula da Silva, Narendra Modi, Cyril Ramaphosa, Evan Vucci, CNBC's Tanvir Gill, Banga, Biden, Kristalina Georgieva, CNBC's Martin Soong, Georgieva Organizations: World Bank, World, India's, Afp, Getty, CNBC, Bank, IMF, White Locations: U.S, New Delhi, Europe, Japan, China, Ukraine, People's Republic, China's

☆ India's Modi: there is need to expand mandate of multilateral development banks
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +1 min

World Bank President Ajay Banga, Brazilian President Luiz Inacio Lula da Silva, Indian Prime Minister Narendra Modi, South African President Cyril Ramaphosa and South African President Cyril Ramaphosa and U.S. President Joe Biden pose for the group photo during G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023 Evan Vucci/Pool via Acquire Licensing Rights Read moreNEW DELHI, Sept 10 (Reuters) - There is a need to expand the mandate of multilateral development banks and develop global standards to regulate cryptocurrencies, Indian Prime Minister Narendra Modi told G20 leaders during a summit of the bloc on Sunday. The group of 20 major economies has pledged in a declaration at the New Delhi meeting to strengthen and reform the banks and has accepted a proposal for tighter regulation of cryptocurrencies. "We need to expand the mandate of multilateral development banks. Our decisions should be immediate and effective in this direction," Modi said during a G20 leaders' session. Reporting by Shivam Patel in New Delhi; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Ajay Banga, Luiz Inacio Lula da Silva, Narendra Modi, Cyril Ramaphosa, Joe Biden, Evan Vucci, Modi, Shivam Patel, Jacqueline Wong Organizations: Indian, Thomson Locations: New Delhi, India, DELHI, cryptocurrencies

☆ Mangosuthu Buthelezi, Zulu prince who roiled South African politics, dead at 95
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +7 min

South Africa's leader of the Inkatha Freedom Party (IFP) Mangosuthu Buthelezi speaks to supporters ahead of the national elections, in Richards Bay, north of Durban, in South Africa, April 19, 2009. REUTERS/Rogan Ward Acquire Licensing RightsSept 9 (Reuters) - Mangosuthu Buthelezi, a veteran South African politician, Zulu prince and controversial figure during the apartheid liberation struggle, has died, the presidency said on Saturday. South Africa's main opposition Democratic Alliance (DA) party described Buthelezi as a "great leader". "Prince Buthelezi was a giant on South Africa's political landscape," DA leader John Steenhuisen said. Critics dubbed Buthelezi a war lord but to his legion of followers in the rural Zulu heartland, he was a visionary.

Persons: Mangosuthu Buthelezi, Rogan Ward, Prince Mangosuthu Buthelezi, Prince, KwaPhindangene, Cyril Ramaphosa, Buthelezi, Nelson Mandela, Prince Buthelezi, John Steenhuisen, ANC Buthelezi, Critics, Inkatha, Thabo Mbeki, King Cetshwayo, Henry Kissinger, Peter Carrington, Ashpenaz Nathan Mangosuthu Gatsha Buthelezi, Matoli Buthelezi, Princess Constance Magago Dinuzulu, Irene Mzila, Bhargav Acharya, Nelson, Angus MacSwan, Frances Kerry Organizations: Freedom Party, IFP, REUTERS, South, Home Affairs, African National Congress, Zulu Monarch, ANC, Nelson, Nelson Mandela Foundation, Mandela's, Democratic Alliance, Reuters, British, Black University of Fort, ANC Youth League, U.S, Thomson Locations: Richards Bay, Durban, South Africa, KwaZulu, Natal, Zulu, Johannesburg, Black University of Fort Hare, Lesotho, Mahlabathini

☆ Mangosuthu Buthelezi, Zulu Nationalist and a Mandela Rival, Dies at 95
▼ + stars: | 2023-09-09 | by ( Robert D. Mcfadden | More About Robert D. Mcfadden | ) www.nytimes.com time to read: +1 min

Mangosuthu Buthelezi, the Zulu nationalist who positioned himself as Nelson Mandela’s most powerful Black rival in South Africa’s tortuous transformation from a white segregationist society to a multiracial democracy in the 1990s, died on Saturday. His death was announced in a statement by President Cyril Ramaphosa of South Africa. Proud, ambitious, descended from royalty and intolerant of criticism, Mr. Buthelezi was a hereditary chief of the Zulus, South Africa’s largest ethnic group. Like his battle-hardened ancestors, who had challenged colonial invaders in the 19th century, Mr. Buthelezi sometimes wore leopard skins and wielded assegai spears, but only in ritual war dances for political advantage. He was also the prime minister of KwaZulu, the homeland of six million Zulus, and the founder of the Inkatha Freedom Party, a Zulu political and cultural movement with 1.9 million members.

Persons: Mangosuthu Buthelezi, Nelson, Cyril Ramaphosa of, Buthelezi, ”, goh, de Klerk, Mandela Organizations: Zulu, Freedom Party Locations: South, Cyril Ramaphosa of South Africa, South Africa, KwaZulu, Zulu

☆ Opinion: Johannesburg’s hijacked souls
▼ + stars: | 2023-09-09 | by ( Eleni Giokos | ) edition.cnn.com time to read: +7 min

Born in Greece and raised in South Africa, she presents the network’s Connecting Africa and Marketplace Middle East feature shows. Either abandoned by their owners or surrendered to gangs, these “hijacked” buildings typically house migrants or poverty-stricken locals in downtown Johannesburg. The first time I visited one of these buildings I was based in South Africa as a correspondent, and what I found was shocking. “I can take you to buildings 10 times worse than this,” the mayor told me. Some of the gangs were not even from South Africa, we were told.

Persons: Eleni Giokos, Read, Herman Mashaba, “, Renney Plit, Plit, Afhco, Becky Anderson, ” Mashaba, ”, Anderson, Cyril Ramaphosa Organizations: CNN, Afhco Holdings, Twitter, Facebook South Locations: Dubai, Greece, South Africa, Johannesburg, Zimbabwe, ”

☆ Mangosuthu Buthelezi, Zulu Prince Who Roiled South African Politics, Dead at 95
▼ + stars: | 2023-09-09 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +6 min

(Reuters) -Mangosuthu Buthelezi, a veteran South African politician, Zulu prince and controversial figure during the apartheid liberation struggle, has died, the presidency said on Saturday. Critics dubbed Buthelezi a war lord but to his legion of followers in the rural Zulu heartland, he was a visionary. A Zulu chief, Buthelezi became KwaZulu's chief minister in the 1970s, where he tried a delicate balancing act: refusing outright independence and criticising Pretoria's racial policies while still playing a role in the homeland farce. Ashpenaz Nathan Mangosuthu Gatsha Buthelezi was born on Aug. 27, 1928, in Mahlabathini, the son and heir of Chief Matoli Buthelezi and Princess Constance Magago Dinuzulu. In 1953 he was installed as acting chief of the prominent Buthelezi clan and four years later was confirmed as chief.

Persons: Prince Mangosuthu Buthelezi, Prince, KwaPhindangene, Cyril Ramaphosa, Buthelezi, Nelson Mandela, Critics, Inkatha, Thabo Mbeki, King Cetshwayo, Henry Kissinger, Peter Carrington, Ashpenaz Nathan Mangosuthu Gatsha Buthelezi, Matoli Buthelezi, Princess Constance Magago Dinuzulu, Irene Mzila, Bhargav Acharya, Nelson BanyaEditing, Angus MacSwan, Frances Kerry Organizations: Reuters, South, Freedom Party, Home Affairs, African National Congress, Zulu Monarch, IFP, ANC, British, Black University of Fort, ANC Youth League, U.S Locations: KwaZulu, Natal, South Africa, Zulu, Johannesburg, Black University of Fort Hare, Lesotho, Mahlabathini

CNN —Veteran apartheid-era South African politician and Zulu prince Mangosuthu Buthelezi has died aged 95, the country’s president announced Saturday. The Zulu chief, a controversial figure who had a seat on South Africa’s National Assembly and a long political career, led a movement that underwent deadly clashes with the African National Congress (ANC). Buthelezi and his liberation movement Inkatha ye Nkululeke ye Sizwe clashed with the African National Congress (ANC) over many years, particularly throughout the 1980s during rebellions against apartheid. He became a member of the Youth League of the ANC while studying at South African Native College (now the University of Fort Hare), but was expelled for his political activities. Buthelezi won a seat in the National Assembly, and was appointed minister of home affairs in ANC leader Nelson Mandela’s coalition government.

Persons: Mangosuthu Buthelezi, “, Prince Mangosuthu Buthelezi, Prince, KwaPhindangene, Cyril Ramaphosa, “ Prince Buthelezi, ”, Nelson Mandela, Buthelezi, ” Ramaphosa, waKwaPhindangene’s, Sizwe, Walter Dhladhla, Tom Stoddart, Peace, Nelson Mandela’s Organizations: CNN, Veteran, Zulu Monarch, Freedom Party, South Africa’s, Home Affairs, Africa’s National Assembly, African National Congress, ANC, Royal Household, Zulu Nation, Getty, Youth League of, South African Native College, University of Fort, IFP, Zulu, Hulton, Inkatha, National Assembly Locations: South, Africa’s, AFP, Mahlabatini, KwaZulu, Natal, University of Fort Hare

☆ Factbox: Who is attending the G20 summit in New Delhi?
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

People stand infront of Nataraja, a statue of Hindu lord Shiva as the cosmic dancer, installed next to 'Bharat Mandapam', the main venue of the G20 Summit, in New Delhi, India, September 7, 2023. REUTERS/Altaf Hussain Acquire Licensing RightsNEW DELHI, Sept 8 (Reuters) - Leaders from the Group of 20 (G20) major economies kick off an annual summit meeting on Saturday to coordinate policy on food security, debt problems of vulnerable countries and climate action. Here is a list of those attending and some key leaders who are skipping the meeting in the Indian capital, New Delhi. G20 LEADERS:ARGENTINA'S PRESIDENT ALBERTO FERNANDEZ AUSTRALIAN PRIME MINISTER ANTHONY ALBANESE BRAZIL'S PRESIDENT LUIZ INACIO LULA DA SILVABRITISH PRIME MINISTER RISHI SUNAK CANADIAN PRIME MINISTER JUSTIN TRUDEAU FRENCH PRESIDENT EMMANUEL MACRON GERMAN CHANCELLOR OLAF SCHOLZINDIAN PRIME MINISTER NARENDRA MODI INDONESIAN PRESIDENT JOKO WIDODOITALIAN PRIME MINISTER GIORGIA MELONIJAPANESE PRIME MINISTER FUMIO KISHIDA SAUDI ARABIA'S CROWN PRINCE MOHAMMED BIN SALMANSOUTH AFRICAN PRESIDENT CYRIL RAMAPHOSA SOUTH KOREAN PRESIDENT YOON SUK-YEOLTURKISH PRESIDENT TAYYIP ERDOGAN U.S. PRESIDENT JOE BIDENEUROPEAN UNION: PRESIDENT OF THE EUROPEAN COMMISSION URSULA VON DER LEYEN AND PRESIDENT OF THE EUROPEAN COUNCIL, CHARLES MICHELSPECIAL INVITEES:BANGLADESH PRIME MINISTER SHEIKH HASINAEGYPT PRESIDENT ABDEL FATTAH AL-SISIMAURITUIUS PRIME MINISTER PRAVIND KUMAR JUGNAUTHNETHERLANDS PRIME MINISTER MARK RUTTE NIGERIA'S PRESIDENT BOLA TINUBU OMAN'S SULTAN HAITHAM BIN TARIK AL-SAID SINGAPORE PRIME MINISTER LEE HSIEN LOONG UAE PRESIDENT SHEIKH MOHAMMED BIN ZAYEDOTHERS ATTENDINGU.S. Treasury Secretary Janet YellenThe heads of the United Nations, the International Monetary Fund, the World Bank, the World Health Organisation, the World Trade Organisation, the International Labour Organisation, the Financial Stability Board and the Organisation for Economic Cooperation and Development. NOTABLE MISSING GUESTSCHINESE PRESIDENT XI JINPING (represented by Prime Minister Li Qiang)MEXICAN PRESIDENT ANDRES MANUEL LOPEZ OBRADORRUSSIAN PRESIDENT VLADIMIR PUTIN (represented by Foreign Minister Sergei Lavrov)Sources: Reuters, officials, state media and domestic mediaCompiled by Aftab Ahmed and Shivangi Acharya; Editing by Sanjeev Miglani and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Shiva, Bharat Mandapam, Altaf Hussain, ALBERTO FERNANDEZ, ANTHONY ALBANESE, LUIZ INACIO LULA DA SILVA, JUSTIN TRUDEAU, EMMANUEL MACRON, OLAF SCHOLZ INDIAN, NARENDRA MODI, JOKO, GIORGIA, FUMIO KISHIDA, FUMIO KISHIDA SAUDI ARABIA'S CROWN PRINCE MOHAMMED BIN SALMAN, CYRIL RAMAPHOSA, YOON SUK, TAYYIP ERDOGAN, JOE BIDEN, URSULA VON DER, CHARLES MICHEL SPECIAL, SHEIKH HASINA, ABDEL FATTAH, PRAVIND KUMAR, MARK RUTTE, BOLA TINUBU, HAITHAM BIN TARIK, LEE HSIEN LOONG, SHEIKH MOHAMMED BIN ZAYED, Janet Yellen, XI JINPING, Li Qiang, ANDRES MANUEL LOPEZ, VLADIMIR PUTIN, Sergei Lavrov, Aftab Ahmed, Shivangi, Sanjeev Miglani, Raju Gopalakrishnan Organizations: REUTERS, LUIZ INACIO LULA DA SILVA BRITISH, FUMIO KISHIDA SAUDI ARABIA'S CROWN, CYRIL RAMAPHOSA SOUTH, TAYYIP ERDOGAN U.S, OF, EUROPEAN, CHARLES MICHEL SPECIAL INVITEES, ABDEL FATTAH AL, Treasury, United Nations, International Monetary Fund, World Bank, World Health Organisation, World Trade Organisation, International Labour Organisation, Organisation for Economic Cooperation, Development, Foreign, Thomson Locations: New Delhi, India, DELHI, BANGLADESH, SHEIKH HASINA EGYPT, NETHERLANDS, SINGAPORE, LEE HSIEN LOONG UAE, MEXICAN, RUSSIAN

He will have at least one advantage: Chinese President Xi Jinping will not be at the meetings. "But the question ... is whether the United States will be able to step up." FAST GROWTH, HIGH DEBTChinese Premier Li Qiang will represent China at the G20 as its leaders cope with sagging growth and a possible property debt crisis. For his part, Xi is also finding new ways to engage the developing world, hosting a gathering of Central Asian leaders and discussing development in May. Xi is also expected to attend an Asia-Pacific Economic Cooperation (APEC) summit in San Francisco in November, where he may meet with Biden.

Persons: Joe Biden, Leah Millis, Biden, Xi Jinping, Zack Cooper, Li Qiang, Vladimir Putin, Sergei Lavrov, Jake Sullivan, Donald Trump's, Sullivan, White, Khulu Mbatha, Cyril Ramaphosa, Trevor Hunnicutt, Nandita Bose, Michael Martina, Carien du, Don Durfee, Grant McCool Organizations: Warehouse Union, Pacific Maritime Association, White, REUTERS, Rights, World Bank, Bank, U.S, Partnership for Global Infrastructure, Investment, American Enterprise Institute, IMF, Global, White House, Trump, Republican, South, Central Asian, United, United Arab Emirates, Economic Cooperation, Biden, Thomson Locations: Washington , U.S, India, United States, Africa, Latin America, Asia, Washington, China, Russian, East, Central Asia, Saharan Africa, People's Republic, Ukraine, Brazil, South Africa, Beijing, Moscow, Russia, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab, San Francisco, Carien du Plessis, Johannesburg

☆ G20 New Delhi summit 2023: Which countries and leaders will attend?
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +5 min

A paramilitary soldier stands guard outside Le Meridien hotel during a rehearsal ahead of the G20 Summit in New Delhi, India, September 2, 2023. BRITISH PRIME MINISTER RISHI SUNAKSunak is expected attend the summit on his first official trip to India as Britain's prime minister. GERMAN CHANCELLOR OLAF SCHOLZScholz has said the upcoming G20 summit in India remains important despite the absence of Russia and China. SOUTH AFRICAN PRESIDENT CYRIL RAMAPHOSARamaphosa has expressed full support for India's G20 presidency while conveying his intent to attend the summit. BANGLADESH PRIME MINISTER SHEIKH HASINABangladesh Prime Minister Sheikh Hasina is likely to attend the G20 summit in New Delhi, according to Indian media reports.

Persons: Le, Adnan Abidi, JOE BIDEN Biden, Biden, XI, Li Qiang, Xi Jinping, Xi, VLADIMIR PUTIN, Sergei Lavrov, Vladimir Putin, Putin, JUSTIN TRUDEAU Trudeau, Ukraine's Volodymyr Zelenskiy, Zelenskiy, RISHI SUNAK Sunak, KISHIDA, ANTHONY ALBANESE, YOON SUK, YEOL Yoon, OLAF SCHOLZ Scholz, EMMANUEL MACRON, Modi, SAUDI ARABIA'S CROWN PRINCE MOHAMMED BIN SALMAN, CYRIL RAMAPHOSA Ramaphosa, TAYYIP ERDOGAN, ALBERTO FERNANDEZ Fernandez, BOLA TINUBU Tinubu, LUIZ INACIO LULA DA SILVA, URSULA VON DER, CHARLES MICHEL The, SHEIKH HASINA, Sheikh Hasina, ANDRES MANUEL LOPEZ OBRADOR, JOKO, Aftab Ahmed, Shivangi, Nick Macfie Organizations: REUTERS, Criminal Court, ICC, BRITISH, AUSTRALIAN, SOUTH, Associated Press, SAUDI ARABIA'S CROWN, African Union, NIGERIA'S, LUIZ INACIO LULA DA SILVA Brazil, OF, EUROPEAN, CHARLES MICHEL The European Union, BANGLADESH, Thomson Locations: Le Meridien, New Delhi, India, DELHI, India's, Ukraine, U.S, RUSSIAN, Russia, South Africa, Africa, Indonesia, Philippines, China, Saudi, SHEIKH HASINA Bangladesh, Bangladesh, MELONI Italy

An investigation by the South African government has concluded that weapons were not loaded onto a Russian vessel under American sanctions that docked near Cape Town last year, contradicting accusations by U.S. officials that South Africa had provided arms for the war in Ukraine, President Cyril Ramaphosa said on Sunday. “The panel found no evidence that any cargo of weapons was loaded for export on to the ship, Lady R,” Mr. Ramaphosa said in a televised address, after an investigation commissioned by him and led by a retired judge. Mr. Ramaphosa had said that he would not release the entire report to protect classified information, but that a summary would be made public on Monday. It remains to be seen whether the findings will soothe the relationship between South Africa and the United States, which has reached its most tense period in years in large part because of the dispute over what happened when the Lady R, a commercial cargo ship, docked at a South African naval base under cover of night last December.

Persons: Cyril Ramaphosa, Lady R, Mr, Ramaphosa Organizations: South Locations: Russian, Cape Town, South Africa, Ukraine, United States

☆ South Africa says inquiry found no evidence of arms shipment to Russia
▼ + stars: | 2023-09-03 | by ( Olivia Kumwenda-Mtambo | ) www.reuters.com time to read: +2 min

South Africa's President Cyril Ramaphosa speaks, as China's President Xi Jinping listens, at the Union Buildings ahead of the opening remarks of the BRICS emerging economies meeting, in Pretoria, South Africa August 22, 2023. The U.S. accusations raised questions over South Africa's professed stance of non-alignment and neutrality over Russia's war in Ukraine and concerns of possible Western sanctions. "The panel found that there was no evidence to support the claim that the ship transported weapons from South Africa destined for Russia," Ramaphosa said. He said he could not reveal details of the equipment offloaded because that could compromise important military operations and put South African soldiers' lives at risk. When the accusations were made, South African officials were quick to reject the claims, and Ramaphosa launched the independent inquiry led by a retired judge.

Persons: Cyril Ramaphosa, Xi Jinping, Alet Pretorius, Reuben Brigety, R, South Africa's, Ramaphosa, Olivia Kumwenda, Andrew Cawthorne, Ros Russell, Susan Fenton Organizations: REUTERS, Rights, South, South African National Defence Force, Thomson Locations: Pretoria, South Africa, Rights JOHANNESBURG, Russian, Russia, U.S, Cape Town, Ukraine, South

A few years ago, the charity ran out of money and quietly stopped operating, so the building began filling up with drug users and desperately poor migrants, residents said. Spokespeople for the City of Johannesburg and police did not respond to requests for comment about the residents' accounts. But Johannesburg city manager Floyd Brink said there was a plan to get hijacked buildings back under control. But human rights groups took them to court, said Annie Michaels, an activist from the Johannesburg Migrants Advisory Panel, which has been supporting migrants in the building. Shocked at the state of the building, Jack urged her brother Dube to move, but he never did.

Persons: Sihle Dube, didn't, Dube, Bertha Gxowa, Angela Rivers, Kabelo Gwamanda, Floyd Brink, Cyril Ramaphosa, Ramaphosa, contemptuously, Thando, Ethel Jack, Jack, I've, Chinte Mustafa, Annie Michaels, Michaels, he'd, Tim Cocks, Alexandra Zavis, Ros Russell Organizations: Association, City, Bertha, REUTERS, Thomson Locations: Johannesburg Fire, JOHANNESBURG, Johannesburg, Germiston, Johannesburg's, South, South Africa, Africa, Utrecht, Malawi

☆ South Africa's Ramaphosa urges enforcement of laws over 'hijacked' buildings
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +2 min

[1/3] A police officer walks past the apartment block where a deadly fire broke out, in Johannesburg, South Africa, September 1, 2023. "Local government has to enforce the laws," Ramaphosa said at a governing African National Congress party event. Municipal officials have said efforts to evict residents in illegally occupied buildings are often hamstrung by court orders stopping the evictions. Ramaphosa said he has asked government ministers to look into ways of enforcing laws without violating people's rights. Ramaphosa said he collected his passbook at the building about 50 years ago, when he worked in the city.

Persons: Siphiwe, Cyril Ramaphosa, Ramaphosa, Carien du, Olivia Kumwenda, Ros Russell Organizations: REUTERS, Rights, Saturday, African National Congress, Government, Black, Thomson Locations: Johannesburg, South Africa, Rights JOHANNESBURG, Africa, Carien du Plessis

☆ BRICS expansion is a big win for China. But can it really work as a counterweight to the West?
▼ + stars: | 2023-08-28 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

The summit was the largest the BRICS have ever held, with more than 60 countries attending alongside member nations Brazil, Russia, India, China and South Africa. “This makes China the clear winner,” said Steve Tsang, director of the SOAS China Institute at the University of London. Helena Legarda, lead analyst at the Mercator Institute for China Studies, a think tank in Berlin, said it is unclear to what extent the BRICS expansion will increase the value and influence of the group. The BRICS expansion is also likely to fuel competition – and potential friction – between China and India, whose ties have already been strained by a simmering border conflict. “Sino-Indian competition for the leadership of the Global South is now bound to sharpen with China having a clear advantage,” said Jacob in New Delhi.

Persons: Xi Jinping, United Arab Emirates –, Xi, ”, Steve Tsang, “, ” Happymon Jacob, Yun Sun, Helena Legarda, Cyril Ramaphosa, Narendra Modi, Jacob Organizations: CNN, United, United Arab Emirates, SOAS China Institute, University of London, Moscow, US, United Nations, Security Council, International Monetary Fund, World Bank, Xi, New, Jawaharlal Nehru University, Stimson, Mercator Institute for China Studies, Indian, Anadolu Agency, Getty Locations: Johannesburg, Beijing, Africa, Asia, Latin America, Brazil, Russia, India, China, South Africa, Argentina, Ethiopia, Iran, Saudi Arabia, Egypt, United Arab, Moscow, United States, Ukraine, Washington, Tigray, UAE, America, Berlin, New Delhi, “

Some investors and economic analysts are sceptical that expansion will lead to increased foreign direct investment (FDI) within the bloc. Still, BRICS leaders and other investors touted the increased economic heft from the expansion. Increasing use of national currencies to reduce U.S. dollar dependence was another goal BRICS leaders discussed at the summit in Johannesburg. And with oil producer heavyweights among the newcomers, investors said this would feed speculation that Saudi Arabia might increasingly switch to non-dollar-denominated currencies for oil trade. "The short-term consequences could be seen in oil," said Kaan Nazli, a portfolio manager at asset manager Neuberger Berman in London.

Persons: Brazil Luiz Inacio Lula da Silva, China Xi, Cyril Ramaphosa, India Narendra Modi, Sergei Lavrov, Viktor Szabo, Li Kexin, Ola El, Chris Turner, Jakob Ekholdt Christensen, Hasnain Malik, abrdn's Szabo, Kaan Nazli, Neuberger Berman, Rachel Savage, Karin Strohecker, Bansari Mayur, Marc Jones, Jorgelina, Emelia Sithole Organizations: Russia's, Iran, United Arab Emirates, abrdn, Emerging Markets, ING, Reuters Graphics, China, International Monetary Fund, Thomson Locations: China, India, Sandton, Saudi Arabia, UAE, Iran, JOHANNESBURG, LONDON, Argentina, Brazil, Russia, South Africa, Ethiopia, Egypt, Johannesburg, United States, Saudi, London, Van Eck, New York, Copenhagen, Dubai, Bangalore, Rosario

☆ Opinion: Putin’s virtual bravado, Xi’s big win, and 6 new members. Why this was a summit like no other
▼ + stars: | 2023-08-25 | by ( Opinion Michael Bociurkiw | ) edition.cnn.com time to read: +8 min

The move breathes new life into a group set to rival the G7 and brings the world closer to multi-polarity. BRICS leaders could be forgiven for not knowing whether to exhibit exuberance or concern on Wednesday. (Summit host, South African President Cyril Ramaphosa, said it should be seen as an accomplishment for the entire BRICS bloc.) Hours later, just as BRICS leaders were sitting down to dinner, news alerts started to steal the show on the crashed private jet said to be carrying Wagner Group boss Yevgeny Prigozhin. Host South Africa just manages to pull it offThat South Africa managed to pull off hosting the summit is an accomplishment in itself.

Persons: Michael Bociurkiw, Michael Bociurkiw Chrystia, “, —, Xi Jinping, you’ve, Nicolás Maduro, Russia’s, Cyril Ramaphosa, Yevgeny Prigozhin, Wagner, couldn’t, Swagger, I’ve, Modi, Vladimir Putin’s, Sergey Lavrov, Lula da Silva, Lula, Vladimir Putin, Michele Spatari, It’s, ” Nontsikelelo, Facebook Xi, Xi, Putin Organizations: Atlantic Council, Organization for Security, Cooperation, CNN, Johannesburg CNN, United Arab, —, for Security, UN, Wagner, Getty, Democratic, Twitter, Facebook, National Congress, ANC Locations: Odesa, Europe, Johannesburg, Brazil, Russia, India, China, South Africa, Saudi Arabia, United Arab Emirates, Iran, Argentina, Egypt, Ethiopia, Africa, ”, Beijing, Donbas, Ukraine, AFP, Democratic Republic of Congo, Cameroon

☆ BRICS invites six countries including Saudi Arabia, Iran to be new members
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

A person walks past the Sandton Convention Centre, which will host the upcoming BRICS Summit, in Johannesburg, South Africa August 19, 2023. REUTERS/James Oatway/File Photo Acquire Licensing RightsJOHANNESBURG, Aug 24 (Reuters) - The BRICS group of nations has decided to invite six countries - Argentina, Egypt, Iran, Ethiopia, Saudi Arabia and the United Arab Emirates - to become new members of the bloc, South African President Cyril Ramaphosa said on Thursday. The debate over expanding the BRICS bloc, comprising Brazil, Russia, India, China and South Africa, has topped the agenda at a three-day summit in Johannesburg ending on Thursday. While all BRICS members have publicly expressed support for growing the bloc, there were divisions among the leaders over how much and how quickly. Reporting by Bhargav Acharya, Carien du Plessis and Anait Miridzhanian Editing by Alexander WinningOur Standards: The Thomson Reuters Trust Principles.

Persons: James Oatway, Cyril Ramaphosa, Bhargav Acharya, Carien du Plessis, Anait, Alexander Winning Organizations: Sandton, REUTERS, Rights, United Arab, South, Thomson Locations: Johannesburg, South Africa, Rights JOHANNESBURG, Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, United Arab Emirates, Brazil, Russia, India, China

☆ Emerging markets group BRICS invites 6 new members, including Saudi Arabia and Iran
▼ + stars: | 2023-08-24 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

South African police officers walk in front of an event banner outside the venue for the BRICS summit at the Sandton Convention Center in the Sandton district of Johannesburg, South Africa, on Monday, Aug. 21, 2023. South African police officers walk in front of an event banner outside the venue for the BRICS summit at the Sandton Convention Center in the Sandton district of Johannesburg, South Africa, on Monday, Aug. 21, 2023. The BRICS economic coalition of emerging markets has decided to extend membership invitations to six nations, South African President Cyril Ramaphosa said Thursday. The BRICS alliance — which currently reunites Brazil, Russia, India, China and South Africa — is set to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates to join, Ramaphosa said in a speech published on the X social media platform, previously known as Twitter. South Africa is presently hosting the 15th BRICS summit.

Persons: Cyril Ramaphosa, Ramaphosa Organizations: South, United, Twitter Locations: Sandton, Johannesburg, South Africa, Brazil, Russia, India, China, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, United Arab Emirates, Africa

Marco Longari/Pool via REUTERS Acquire Licensing RightsJOHANNESBURG, Aug 24 (Reuters) - Indian Prime Minister Narendra Modi spoke to China's President Xi Jinping on the sidelines of the BRICS summit in Johannesburg and highlighted concerns India has about border issues along the Line of Actual Control (LAC), India's foreign secretary said. Modi and Xi agreed "to direct their relevant officials to intensify efforts at expeditious disengagement and de-escalation," Foreign Secretary Vinay Kwatra said. On the sidelines of the BRICS summit Modi highlighted to Xi "India's concerns on the unresolved issues along the LAC", Kwatra said. This is the first time that Modi has brought up the issue directly with Xi, repeating India's stand that has been shared with China through other ministers multiple times. "The two sides should bear in mind the overall interests of their bilateral relations and handle properly the border issue so as to jointly safeguard peace and tranquillity in the border region," Xi said.

Persons: India Narendra Modi, Cyril Ramaphosa, China Xi Jinping, Marco Longari, Narendra Modi, Xi Jinping, Modi, Xi, Vinay Kwatra, Kwatra, Bhargav Acharya, Tannur Anders, Michael Martina, Krishn Kaushik, Jonathan Oatis Organizations: REUTERS Acquire, Rights, Indian, LAC, Xinhua, Shanghai Cooperation, Thomson Locations: India, China, Sandton, Johannesburg, Rights JOHANNESBURG, Indonesia

BRICS - whose acronym was originally coined by an economist at Goldman Sachs, currently comprises Brazil, Russia, India, China and South Africa. Ethiopian Prime Minister Abiy Ahmed called the BRICS leaders' decision to invite Ethiopia to join "a great moment". "It shows the determination of BRICS countries for unity and cooperation with the broader developing countries." More than 40 countries have expressed interest in joining BRICS, say South African officials, and 22 have formally asked to be admitted. "The expansion and modernization of BRICS is a message that all institutions in the world need to mould themselves according to changing times," he said.

Persons: Cyril Ramaphosa, Narendra Modi, Sergei Lavrov, Alet Pretorius, Goldman Sachs, BRICS, Luiz Inacio Lula da Silva, Ramaphosa, Lula, globalisation's, Mohammed bin Zayed, Abiy Ahmed, Antonio Guterres, Xi Jinping, Bhargav Acharya, Sergio Goncalves, Ethan Wang, Vladimir Soldatkin, Joe Bavier, Toby Chopra, Emelia Organizations: South, India's, Russia's, REUTERS, United Arab, United, United Arab Emirates, New Development Bank, Ethiopian, United Nations, . Security, International Monetary Fund, World Bank, BRICS, Indian, Thomson Locations: Johannesburg, South Africa, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, UAE, JOHANNESBURG, United Arab Emirates, Brazil, Russia, India, China, Ukraine, United States, Beijing, Moscow, United Arab, Lisbon

CNN —Oil powers Saudi Arabia and the United Arab Emirates have been invited to become members of the BRICS group of developing nations in its first expansion in over a decade. Total bilateral trade between Saudi Arabia and BRICS nations exceeded $160 billion in 2022, the Saudi foreign minister said. It also means Russia and Saudi Arabia — both members of OPEC+, a group of major oil producers — will join each other in a new economic bloc. The BRICS countries have also been talking about a common currency, an idea analysts have described as unworkable and “unlikely” in the near future. Existing BRICS members have “had enough difficulty trying to agree just between the five of them,” he added.

Persons: Cyril Ramaphosa, ” Ramaphosa, Vladimir Putin, ” Putin, Xi Jinping, ” Jinping, Prince Faisal bin Farhan, Narendra Modi, Saudi Arabia —, —, Putin, Goldman Sachs, Jim O’Neill, ” O’Neill, “, ”, I’m, ” BRICS, Mohamed bin Zayed al Nahyan, Abdel Fattah el, Sisi, — Manveena Suri, Mostafa Salem, Lizzy Yee, Mengchen Zhang, Nadeen Ebrahim Organizations: CNN, Oil, United Arab, Saudi Foreign, Indian, OPEC, West, Western, Bloomberg, New Development Bank, United Arab Emirates, BRICS Locations: Saudi Arabia, United Arab Emirates, Iran, Egypt, Ethiopia, Argentina, South, Johannesburg, Brazil, Russia, India, China, South Africa, Russian, BRICS, Saudi, United States, UAE

☆ BRICS invites six nations to join developing world bloc
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

A person walks past the Sandton Convention Centre, which will host the upcoming BRICS Summit, in Johannesburg, South Africa August 19, 2023. REUTERS/James Oatway/File Photo Acquire Licensing RightsJOHANNESBURG, Aug 24 (Reuters) - Leaders of the BRICS group of developing nations have invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join, in a move aimed at growing the clout of a bloc that has pledged to champion the "Global South". South African President Cyril Ramaphosa, who is hosting a summit of BRICS leaders, announced on Thursday that the new candidates would be admitted as members on Jan. 1, 2024. And while all BRICS members publicly expressed support for growing the bloc, there were divisions among the leaders over how much and how quickly. More than 40 countries have expressed interest in joining BRICS, say South African officials, and 22 have formally asked to be admitted.

Persons: James Oatway, Cyril Ramaphosa, BRICS, Carien du Plessis, Joe Bavier, Toby Chopra, Emelia Organizations: Sandton, REUTERS, Rights, United, West ., BRICS, Thomson Locations: Johannesburg, South Africa, Rights JOHANNESBURG, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab Emirates, Brazil, Russia, India, China, Beijing, Moscow, West

☆ Reactions as India's Chandrayaan-3 makes historic moon landing
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +3 min

Arun Haryani, an enthusiast with his body painted in tri-colours, holds up a model of LVM3 M4, which was used in launching the Chandrayaan-3 spacecraft, in Ahmedabad on the eve of the moon landing, August 22. Following are some reactions:S. SOMANATH, INDIAN SPACE RESEARCH ORGANISATION (ISRO)CHAIRMAN"India is on the moon." NARENDRA MODI, PRIME MINISTER, INDIA"This moment is unforgettable. BILL NELSON, ADMINISTRATOR, NASA"Congratulations ISRO on your successful Chandrayaan-3 lunar South Pole landing! Congratulations to ISRO, Chandrayaan-3, and to all the people of India!!

Persons: Arun Haryani, Amit Dave, NARENDRA MODI, RAHUL GANDHI, SHAH RUKH KHAN, CHANDRACHUD, KHARGE, BILL NELSON, JOSEF ASCHBACHER, CYRIL RAMAPHOSA, PUSHPA KAMAL DAHAL, Narendra Modi, Nivedita Bhattacharjee, Andrew Heavens, Toby Chopra Organizations: REUTERS, DELHI, Wednesday, Indian Space Research, SPACE, ISRO, OF, NASA, GENERAL, EUROPEAN SPACE, Chandrayaan, SOUTH, MINISTER, Thomson Locations: Ahmedabad, India, EUROPEAN, SOUTH AFRICA, NEPAL

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