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Brazil and South Africa Hit Hard by Exchange Rate Complications

Fishing boats in Cape Town harbour, South Africa, with Table Mountain as backdrop. Credit: Servaas van den Bosch/IPS

By Ravi Kanth Devarakonda GENEVA, Mar 30 (IPS) – Brazil and South Africa have experienced a widespread contraction of their manufacturing industries, with the latter suffering massive unemployment as well, thanks to the rampant volatility and misalignment of dominant global currencies like the dollar, trade experts from the two countries say.

BRICS Tighten United Front

China’s trade minister Chen Deming said his country could not follow sanctions against Iran when rising crude prices were hitting the BRICS countries / World Economic Forum/CC-BY-SA-2.0

By Ranjit Devraj NEW DELHI, Mar 29 (IPS) – At their summit in the Indian capital on Thursday, leaders of the coalition known as BRICS – Brazil, Russia, India, China and South Africa – made several poignant decisions that experts say hint at the converging of economic and political interests of a disparate regional bloc.

India Affirms Role as Developing World’s Pharmacy

India’s generic pharmaceutical industry meets 70 percent of domestic demand and exports 11 billion dollars worth of generic drugs annually. / Kristin Palitza/IPS

By Ranjit Devraj NEW DELHI, Mar. 19 (IPS) – By allowing a generic manufacturer to produce a patented cancer drug at a fraction of its current cost, India has declared that it is not about to abandon its role as the ‘pharmacy of the world’s poor’.

BRICS Bank Could Change the Money Game

China could be the biggest beneficiary of a BRICS development bank. Credit: Kit Gillet/IPS

Analysis by Kester Kenn Klomegah MOSCOW, Mar 19 (IPS) – India’s proposal to set up a bank of the BRICS nations (Brazil, Russia, India, China and South Africa) will top the agenda at the summit of the group in New Delhi Mar. 28.

Oceans Will Not Survive ‘Business as Usual’

By Bari Bates BRUSSELS, Mar. 12 (IPS) – Our oceans face a grim outlook in the coming decades. Ocean acidification, loss of marine biodiversity, climate change, pollution and over-exploitation of resources all point to the urgent need for a new paradigm on caring for the earth’s oceans—"business as usual" is simply not an option anymore, [...]

U.N. Human Rights Council Exhorted to Defend Peasants’ Rights

Henry Saragih, the general coordinator of Via Campesina, a movement representing more than 200 million small farmers worldwide. / Isolda Agazzi/IPS

By Isolda Agazzi GENEVA, Mar. 9 (IPS) – Decades after peasants’ networks have advocated for a new legal instrument to protect the rights of small farmers to land, seeds, traditional agricultural knowledge and freedom to determine the prices of their production, the United Nations Human Rights Council (UNHRC) may decide to start drafting a declaration [...]

Simple Steps to Improving Aid Effectiveness

A lack of long-term housing plans in Haiti's post-earthquake tent cities made the refugees even more vulnerable to natural disasters. / Ansel Herz/IPS

By Isolda Agazzi GENEVA, Mar. 7 (IPS) – As donors struggle to meet their aid commitments, and the number of people around the world in need of direct humanitarian and development assistance skyrockets, many experts and activists are asking the tough question: are donors being effective?

EUROPE-INDIA: Trade Deal Threatens ‘Pharmacy of the Developing World’

Rally against the India-EU FTA by HIV positive people in New Delhi. Mudit Mathur/IPS

By Bari Bates BRUSSELS, Feb 14 (IPS) – Behind closed doors, a trade deal affecting a fifth of the world’s population has been quietly in the works for years.

South-South Focus to Keep Pace with Rising Population

A banner outside U.N. Headquarters  promotes  a global campaign by the U.N. Population Fund.  / UN Photo/Rick Bajornas

By Thalif Deen UNITED NATIONS, Feb 8 (IPS) – When the world’s rising population hit the historic seven billion milestone last October, the United Nations predicted that population growth will continue to increase, reaching an estimated 9.3 billion by the year 2050.

Security Council Remains Grounded by Political Manipulation

By Thalif Deen UNITED NATIONS, Dec 20 (IPS) – When Russian Ambassador Vitaly Churkin briefed reporters recently, he offered some biting criticisms of the growing political manipulation of the most powerful body at the United Nations: the 15-member Security Council.

RSS IBSA in the News

  • SHYAM SARAN: Lacklustre Brics play to China’s score in Delhi pact
    BusinessDay Published: 2012/04/02 It is clear that China is emerging as the pre-eminent partner in the Brics grouping THE Delhi Declaration and Action Plan adopted at the fourth Brics summit in New Delhi last week would have quickly laid to rest any residual anxiety in western capitals that a serious rival focus of power and [...]
  • Australia invites more Indian investments, collaborations
    The Hindu, 31 January 2012, With Indian corporate sector having committed heavy investments in Australia in the mining, mineral and other sectors, bilateral trade is likely to touch Rs.2-lakh crore (Australian $40 billion) in the next three years from Rs.1.10-lakh crore (Australian $22 billion). In an effort to attract Indian investments further, the Australian Trade [...]
  • Indian tourists to SA rise by over 100% – minister
    City Press, South Africa, 31 January 2012, The number of Indian tourists travelling to South Africa increased by over 122% between 2005 and 2010, says Tourism Minister Marthinus van Schalkwyk. “South Africa is continuing to attract Indian tourists in great numbers, with 67 039 Indian tourists travelling to South Africa between January and September 2011, [...]

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