Category Archives: BRICS

NSA spying scandal spurs BRIC countries to build own Undersea cable network

The BRICS countries are in the process of completing a brand new Internet CABLE backbone that would bypass the United States entirely and  to ensure the protection of the bric countries from the US  governments NSA spying.

Brazil  will be in center stage with this project and is set to finalize a 34,000-kilometre undersea fiber-optic cable by 2015 that will run from Vladivostok –> Russia to  -> Fortaleza –> Brazil, via Shantou –> China –> Chennai, India —> and Cape Town, South Africa (PIC BELOW)

Brics undersea cable network Spying

The BRICS cable was already in development months before the revelations of whistleblower Edward Snowden first became public in June.

After the news was leaked ,  with revelations that the National Security Agency hacked German Chancellor Angela Merkel’s phone, the fallout against the NSA has accelerated and spread with Many countries taking measures to  block the spying by US

Pic from manypossibilities.net

According to the INDIAN NEWSPAPER  Hindu, the project will create, “a network free of US eavesdropping,” which via legislative mandates will also force the likes of Google, Facebook and Yahoo to store all data generated by BRICS nations locally, shielding it from NSA snooping.

The 12,8Tbit/s system will be the first contiguous submarine cable linking all of the so-called Brics nations (Brazil, Russia, India, China and SA) The 34,000 km cable, which would be the first of its kind to link Brazil, Russia, India, China and South Africa, is expected to come online by the end of 2014, said Andrew Mthembu, chairman of technology group i3 Africa which is promoting the project.

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Alcatel-Lucent contractors lay the TEAMS fibre optic cable on the Fujairah shore-end in the UAE

Potential investors including Internet giant Google will decide before year-end whether to proceed with a $1.5 billion
undersea cable linking the BRICS group of emerging economies to each other and the U.S., a senior official in the project said on Monday. More →

Brics increasing trade with Africa

China boosts its trade ties with Africa by signing a  number of new deals with Tanzania as competition heats up for the continent’s mineral wealth and oil reserves. 2000 chinese companies are dealing  with African continent  and doing business in africa.’

2013 Brics Summit

heads of state bric 2013 summit

The 2013 BRICS summit will be the fifth annual BRICS summit, an international relations conference attended by the head of states or heads of government of Bric nations

The city of Durban, located on the coast of the Indian Ocean, Republic of South Africa, hosts on 26-27 March Bric summit. BRICS is an acronym that refers to the founding members of the BRIC group comprising Brazil, Russia, India and China which now includes Africa

The BRICS nations hold a combined foreign-currency reserves of $4.4 trillion and  has 43 percent of the world’s population and is currently rapidly growing  in their economic power.

Heads of state BRICS 2013

BRICS’ – Brazil’s President Dilma Rousseff, Russia’s President Vladimir Putin, India’s Prime Minister Manmohan Singh, China’s President Hu Jintao and South Africa’s President Jacob Zuma.

India has increasingly grown its manufacturing base in china  and done telecom deals in the past  with African businesses. In recent news the biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.

Chinese President Xi Jinping will set out plans for mining and infrastructure development on a trip to Africa this week  and during his eight-day trip Xi, 59, stops in Tanzania, Congo Republic and South Africa,  he’ll sign business cooperation deals and attend a summit of BRICS nations

Economic data shows that the BRICS now account for 25 percent of global GDP and 40 percent of the world’s population.

The leaders in the 2013 summit , in South Africa will gather to discuss a proposal to challenge World Bank domination with a new “World development bank” . The grouping of Brazil, Russia, India, China and hosts South Africa are racing to elaborate on proposals for an infrastructure-focused lender that would challenge seven decades of dominance by the World Bank.

The proposal of this new bank will be competition to World Bank, the International Monetary Fund  which has its roots in the US

The list of brazil fires

Fires in brazil  specially in clubs is not something new, but a  tragedy of this scale has not happened before and its quite alarming that  not better security and health and safety  practices were put in place , given previous similar club tragedies

night club fire brazil

Onstage pyrotechnic displays by a music band  are blamed  to may have cost more than 230lives in this tragic fire in a nightclub in brazil. The blaze began at around 2:30 am local time, during a performance by Gurizada Fandangueira, a country music band that had made the use of pyrotechnics a trademark of their shows.

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BRICS Plan to open own South-South Development Bank

The leaders of the Brics Countries  Brazil, Russia, India, China and South Africa — collectively known as the BRICS — “agreed to examine in greater detail a proposal to set up a BRICS-led South-South Development Bank which will be like a “Bric fund” , funded and managed by the BRICS and other developing countries,” said Prime Minister Manmohan Singh of India.

BRICS brazil stock market  India summit

Brazil and India sign six pacts  in BRICS Summit Including BRIC Fund

A day after the BRICS summit, India and Brazil Friday decided to step up efforts to push the UN reforms and signed half a dozen pacts in areas ranging from science and biotechnology to cultural exchanges. This Includes  a BRIC fund to be set up in the form of a Development Bank for these and other growing economies.

The BRICS  that were initially just BRIC but now BRICS with the inclusion of South Africa  as well met at New Delhi on Thursday for their fourth annual summit.  Brazil, Russia, India and China became the ‘BRICs’ in a 2001 by Goldman Sachs in a report looking at the developing nations which may in time challenge the collective economic might of the G7. They discussed plans a the Brics Conference towards establishing a development bank that could one day serve as an alternative to the World Bank.

Together, the BRICS nations make up more than 40% of the world population and one-fifth of the global economy. On Thursday, the BRICS grouping including Brazil, Russia, India, China and South Africa called for dialogue to resolve the Iranian nuclear standoff and the Syria crisis.

Growth in BRICS Countries and BRIC FUNDS & INVESTMENTS

Brazil has seen its once rapid blistering economy slow to an estimated 2.7% this year. Russia’s recovery from the global recession has been slow compared with other developing economies even though they had a good year with oil  and gas earnings due to the mediterranen conflict, the World Bank said in a report this week. Growth in India has steadily fallen in the last 2 years due to inflation int eh county and other external factors