BRICS Leaders Gather for Summit Amid Protests

Leaders of the fast-growing BRICS nations have gathered to discuss how to combine their powers better. But questions over whether they can resolve their differences linger, reports Deutsche Welle with reporting from AFP, DPA and Reuters.

Leaders of the BRICS countries met in India on Thursday to discuss ways to combine their economic clout through closer cooperation, including the creation of a new development bank.

The group’s relationship “aspires to create a new global architecture,” according to India’s Commerce Minister Anand Sharma.

The leaders of the BRICS countries, Brazil, Russia, India, China and South Africa, are attending the bloc’s fourth meeting. The term BRIC was coined by the US bank Goldman Sachs in 2001 as a collective term for the world’s fastest growing economies, and they first met for talks in 2009. South Africa joined at the group’s third summit last year.  Read more... (555 words)

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