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Modi hosts BRICS leaders as bloc beset by economic woes

  New Delhi / AFP Prime Minister Narendra Modi will look to reinvigorate the BRICS group of emerging nations at a summit this weekend with India seen as a bright spot in a bloc whose clout has been undermined by economic woes. BRICS — a club made up of Brazil, Russia, India, China and South Africa — was formed in ...

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India’s FM warns against rising protectionism

  Mumbai/ AFP Indian Finance Minister Arun Jaitley warned on Thursday that growing opposition to globalisation and free trade in Western countries would hurt the world economy, echoing concerns by the IMF and others. Jaitley told a gathering of officials from the BRICS group of emerging nations ahead of a summit this weekend that he was concerned about protectionist movements ...

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China exports dive on weak global demand

  Beijing / AFP China’s exports plummeted in September, data showed on Thursday, as anaemic global demand dealt another blow to the world’s second-largest economy, while weak imports fuelled worries about crucial domestic appetite. The figures will come as a disappointment after a recent batch of healthy statistics, and suggest the Asian giant and key driver of the global economy ...

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