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More Trade, Still No Political Clout: An Expert's Take on the BRICS Summit

The BRICS nations met for a summit in New Delhi, where, among other subjects, they discussed the possible formation of a joint development bank, closer integration of their respective stock exchanges, energy security and ongoing tensions in the Middle East. But they still wield no power as a bloc, says an expert who has studied the BRICS phenomenon
AngloGold Ashanti facility in Ghana

Gold Rises As Dollar Falls And Euro Zone Firewall Expands

Gold prices rose on Friday as the dollar fell to a one-month low against a basket of currencies, including the euro, after European finance ministers agreed to boost the euro zone's debt crisis firewall to roughly 800 billion euros ($1.1 trillion).
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U.S. steps up its push to keep top World Bank role

The United States stepped up lobbying on Thursday for its pick to retain the top job at the World Bank as emerging markets pushed their view that the time has come for rich nations to share leadership of key institutions.
South African President Jacob Zuma

South African Govt Gets Into Platinum Mining

South Africa's government is to plough $420 million into a public-private platinum venture with Pallinghurst Resources that has ambitions to become the world's third-largest producer of the precious metal.
Palladium bars

Palladium Set to Soar in 2012: Survey

Palladium prices are set to soar this year, buoyed by high levels of speculative buying, unwavering industrial demand and the general upward price pressure commodity metals are seeing in a zero-interest rate environment, according to a report issued Thursday.
Activists dressed as Chinese soldiers and a Tibetan perform a street drama

BRICS Summit 2012: Tibetan Anti-China Protesters Clash With Police

Tibetan protesters clashed with the police as the leaders of five emerging economic powerhouses in the world met at the BRICS 2012 summit, in New Delhi. In an anti-China protest against the presence of Chinese president Hu Jintao in India, Tibetans unfurled the Tibetan flags in a protest rally held at less than a mile from the BRICS summit venue in the Indian capital.
BRICS Summit 2012

BRICS Summit: Emerging Nations Seek Greater Leverage On Global Issues

As leaders of the emerging world powers, Brazil, Russia, India, China and South Africa (BRICS) meet today in New Delhi, the focus is on the bloc's efforts to set up a development bank which will bring together resources required for development, especially in the infrastructure sector.
More from Kinect than just gaming?

Kinect for Windows 1.5 Features 10-Joint Skeletal Tracking: What Else?

In an announcement this week, Microsoft said the next version of the Kinect for Windows will be available at the end of May, with a 1.5 version of the software that works with it. The new Kinect for Windows 1.5 will come with a few new features, such as Kinect Studio, which will allow developers to record, playback and debug users' clips.
Nelson Mandela

Nelson Mandela Archive: Google Publishes Personal Documents Of Living Legend

The Nelson Mandela Centre of Memory and Google have published more than 1,900 documents including photographs, hand-written letters, films and more about South Africa's first black president and legendary humanitarian figure. The archive gives people around the world an unprecedented look at the personal life of this political legend.
A dump truck at Rio Tinto's Pilbara operation in Australia

Rio Tinto Explores Sale Of Diamond Operations

Rio Tinto PLC said Tuesday it is mulling ways to sell off its diamond operations, as the world's third-largest mining company tries to divest mines it says may no longer fit its growth strategy.
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Mandela archives, letters and notes go online

Thousands of letters, photographs and documents relating to former South African President Nelson Mandela went online on Tuesday in a project aimed at increasing access to the archives which detail his long walk to freedom.
Italy Wine

Italy Winemakers Seek Fashion Boost on Global Stage

Italy's top winemakers are joining forces with the country's luxury goods elite as the world's second-biggest wine producer tries to give itself an edge in the battle for U.S. and emerging market customers amid falling consumption at home.

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