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BRICS Leaders Gather for Peace and Security Plenary in Rio - Brazil

-- Brazilian Vice President Geraldo Alckmin, also Brazilian minister of development, industry, commerce and services, speaks during the opening ceremony of the BRICS Business Forum in Rio de Janeiro, Brazil, July 5, 2025. Photo by Lucio Tavora/Xinhua/ABACAPRESS.COM

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BRICS Leaders Gather for Peace and Security Plenary in Rio - Brazil

-- Dilma Rousseff, president of the New Development Bank (NDB) and former Brazilian president, attends a press conference in Rio de Janeiro, Brazil, July 5, 2025. Noting that the bank's mission is to serve the Global South, Rousseff said the NDB aims to finance innovation, science and technology to help BRICS countries meet the demands of the Fourth Industrial Revolution. Photo by Claudia Martini/Xinhua/ABACAPRESS.COM

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BRAZIL-RIO DE JANEIRO-SUBMARINE LAUNCHING CEREMONY

(240328) -- BRAZIL, March 28, 2024 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva (L) talks with French President Emmanuel Macron during the launching ceremony of the "Tonelero" submarine, the third one Brazil has built through a partnership with France under the Submarine Development Program (ProSub), at the Itaguai Naval Complex, in the state of Rio de Janeiro, Brazil, on March 27, 2024. (Photo by Claudia Martini/Xinhua)

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BRAZIL-RIO DE JANEIRO-SUBMARINE LAUNCHING CEREMONY

(240328) -- BRAZIL, March 28, 2024 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva (2nd L) and French President Emmanuel Macron (2nd R) launch the "Tonelero" submarine, the third one Brazil has built through a partnership with France under the Submarine Development Program (ProSub), at the Itaguai Naval Complex, in the state of Rio de Janeiro, Brazil, on March 27, 2024. (Photo by Claudia Martini/Xinhua)

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BRAZIL-RIO DE JANEIRO-SUBMARINE LAUNCHING CEREMONY

(240328) -- BRAZIL, March 28, 2024 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva delivers a speech during the launching ceremony of the "Tonelero" submarine, the third one Brazil has built through a partnership with France under the Submarine Development Program (ProSub), at the Itaguai Naval Complex, in the state of Rio de Janeiro, Brazil, on March 27, 2024. (Photo by Claudia Martini/Xinhua)

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BRAZIL-RIO DE JANEIRO-SUBMARINE LAUNCHING CEREMONY

(240328) -- BRAZIL, March 28, 2024 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva (L) and French President Emmanuel Macron attend the launching ceremony of the "Tonelero" submarine, the third one Brazil has built through a partnership with France under the Submarine Development Program (ProSub), at the Itaguai Naval Complex, in the state of Rio de Janeiro, Brazil, on March 27, 2024. (Photo by Claudia Martini/Xinhua)

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Brazil launches 3rd submarine under partnership with France

STORY: Brazil launches 3rd submarine under partnership with France SHOOTING TIME: March 27, 2024 DATELINE: March 28, 2024 LENGTH: 00:01:03 LOCATION: RIO DE JANEIRO, Brazil CATEGORY: MILITARY SHOTLIST: 1. various of Brazilian President Luiz Inacio Lula da Silva and French President Emmanuel Macron attending the launching ceremony (source: Agencia Brasil (EBC) news agency) STORYLINE: Brazil launched the "Tonelero" submarine on Wednesday, the third one it has built through a partnership with France under the Submarine Development Program (ProSub). Brazilian President Luiz Inacio Lula da Silva and French President Emmanuel Macron attended the launching ceremony held at the Itaguai port on the Rio de Janeiro coast. "Today Brazil is part of a small group of countries that master submarine construction. ProSub is Brazil's largest and most important international defense cooperation project," Lula da Silva said during the event. For his part, Macron said that the shipyard built to manufacture the submarine is o

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BRAZIL-MANAUS-SEMP TCL-TELEVISION FACTORY

(240314) -- MANAUS, March 14, 2024 (Xinhua) -- Workers operate on the production line at the SEMP TCL television factory in Manaus, capital of Amazonas state, Brazil, March 13, 2024. SEMP TCL is a joint venture established by Chinese electronics giant TCL Technology and Brazilian home appliance manufacturer SEMP. The company's television factory in Manaus, covering an area of 63,000 square meters, provides employment opportunities for over a thousand local residents. With advanced production technology and management expertise, the factory offers a wide range of high-quality and affordable home appliances to local customers. Furthermore, it also contributes to the overall development of the supply chain, logistics, and service sectors, thereby facilitating the technological advancement and improvement of local industry. (Xinhua/Wang Tiancong)

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BRAZIL-MANAUS-SEMP TCL-TELEVISION FACTORY

(240314) -- MANAUS, March 14, 2024 (Xinhua) -- Workers operate on the production line at the SEMP TCL television factory in Manaus, capital of Amazonas state, Brazil, March 13, 2024. SEMP TCL is a joint venture established by Chinese electronics giant TCL Technology and Brazilian home appliance manufacturer SEMP. The company's television factory in Manaus, covering an area of 63,000 square meters, provides employment opportunities for over a thousand local residents. With advanced production technology and management expertise, the factory offers a wide range of high-quality and affordable home appliances to local customers. Furthermore, it also contributes to the overall development of the supply chain, logistics, and service sectors, thereby facilitating the technological advancement and improvement of local industry. (Xinhua/Wang Tiancong)

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BRAZIL-MANAUS-SEMP TCL-TELEVISION FACTORY

(240314) -- MANAUS, March 14, 2024 (Xinhua) -- An aerial drone photo taken on March 13, 2024 shows SEMP TCL television factory in Manaus, capital of Amazonas state, Brazil. SEMP TCL is a joint venture established by Chinese electronics giant TCL Technology and Brazilian home appliance manufacturer SEMP. The company's television factory in Manaus, covering an area of 63,000 square meters, provides employment opportunities for over a thousand local residents. With advanced production technology and management expertise, the factory offers a wide range of high-quality and affordable home appliances to local customers. Furthermore, it also contributes to the overall development of the supply chain, logistics, and service sectors, thereby facilitating the technological advancement and improvement of local industry. (Xinhua/Wang Tiancong)

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BRAZIL-MANAUS-SEMP TCL-TELEVISION FACTORY

(240314) -- MANAUS, March 14, 2024 (Xinhua) -- Workers operate on the production line at the SEMP TCL television factory in Manaus, capital of Amazonas state, Brazil, March 13, 2024. SEMP TCL is a joint venture established by Chinese electronics giant TCL Technology and Brazilian home appliance manufacturer SEMP. The company's television factory in Manaus, covering an area of 63,000 square meters, provides employment opportunities for over a thousand local residents. With advanced production technology and management expertise, the factory offers a wide range of high-quality and affordable home appliances to local customers. Furthermore, it also contributes to the overall development of the supply chain, logistics, and service sectors, thereby facilitating the technological advancement and improvement of local industry. (Xinhua/Wang Tiancong)

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BRAZIL-MANAUS-SEMP TCL-TELEVISION FACTORY

(240314) -- MANAUS, March 14, 2024 (Xinhua) -- Workers operate on the production line at the SEMP TCL television factory in Manaus, capital of Amazonas state, Brazil, March 13, 2024. SEMP TCL is a joint venture established by Chinese electronics giant TCL Technology and Brazilian home appliance manufacturer SEMP. The company's television factory in Manaus, covering an area of 63,000 square meters, provides employment opportunities for over a thousand local residents. With advanced production technology and management expertise, the factory offers a wide range of high-quality and affordable home appliances to local customers. Furthermore, it also contributes to the overall development of the supply chain, logistics, and service sectors, thereby facilitating the technological advancement and improvement of local industry. (Xinhua/Wang Tiancong)

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SOUTH AFRICA-JOHANNESBURG-XI JINPING-BRICS-AFRICA OUTREACH AND BRICS PLUS DIALOGUE

(230824) -- JOHANNESBURG, Aug. 24, 2023 (Xinhua) -- Chinese President Xi Jinping poses for a group photo with other leaders attending the BRICS-Africa Outreach and BRICS Plus Dialogue in Johannesburg, South Africa, Aug. 24, 2023. The event was hosted by South African President Cyril Ramaphosa, and also attended by Brazilian President Luiz Inacio Lula da Silva and Indian Prime Minister Narendra Modi. Russian President Vladimir Putin participated online. More than 60 leaders and representatives of African countries and other emerging markets and developing countries, as well as UN Secretary-General Antonio Guterres, President of the New Development Bank Dilma Rousseff, and leaders of other international and regional organizations, also attended the event. (Xinhua/Li Xueren)

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EU-CELAC Summit in Belgium

President of the Inter-American Development Bank (IDB) Ilan Goldfajn, Brazilian President Luiz Inacio Lula da Silva, President of the European Commission Ursula von der Leyen, Spainish Prime Minister Pedro Sanchez and Sergio Diaz Granados Guida, Colombian political attending summit of European Union-Community of Latin American and Caribbean States Summit (EU-CELAC) at The European Council Building in Brussels on July 17, 2023. Photo by Monasse T/ANDBZ/ABACAPRESS.COM

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BELGIUM-BRUSSELS-EU-CELAC-SUMMIT

(230718) -- BRUSSELS, July 18, 2023 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva attends the EU-Community of Latin American and Caribbean States (CELAC) summit in Brussels, Belgium, July 17, 2023. The general theme of this year's summit which ends on Tuesday is: "Renewing the bi-regional partnership to strengthen peace and sustainable development." (Xinhua/Zheng Huansong)

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BELGIUM-BRUSSELS-EU-CELAC-SUMMIT

(230718) -- BRUSSELS, July 18, 2023 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva (L) speaks to Bolivian President Luis Arce during a group photo session of the EU-Community of Latin American and Caribbean States (CELAC) summit in Brussels, Belgium, July 17, 2023. The general theme of this year's summit which ends on Tuesday is: "Renewing the bi-regional partnership to strengthen peace and sustainable development." (Xinhua/Zheng Huansong)

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Chinese market is great: Brazilian expat

STORY: Chinese market is great: Brazilian expat DATELINE: April 16, 2023 LENGTH: 00:01:14 LOCATION: XIAMEN, China CATEGORY: ECONOMY SHOTLIST: 1. various of Marcelo Gomes 2. SOUNDBITE 1 (English): MARCELO GOMES, Brazilian expat 3. various of Xiamen 4. SOUNDBITE 2 (English): MARCELO GOMES, Brazilian expat STORYLINE: Marcelo Gomes, a 31-year-old Brazilian, has been dispatched by his company to work in China's Xiamen City since 2017. Over the past five years, he has witnessed the development of the city, especially the improvement of business environment in China. SOUNDBITE 1 (English): MARCELO GOMES, Brazilian expat "I think the business environment in Xiamen is nice. And we have a big port in Xiamen, that is very important for China. I see that there are a lot of opportunities here. We have the special economic zone in Xiamen. And I think it is very important for business. Especially after the BRICS Summit in Xiamen, we have more cooperation, more trade business. I can see the business is growing. I think

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Brazilian president speaks highly of Brazil-China relations, BRICS cooperation

STORY: Brazilian president speaks highly of Brazil-China relations, BRICS cooperation DATELINE: April 14, 2023 LENGTH: 00:01:05 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of the NDB building 2. various of the inauguration ceremony 3. various of the construction sites of sustainable development projects in BRICS STORYLINE: The cooperation between Brazil and China is on solid ground, and the relationship between the two countries is extraordinary, Brazilian President Luiz Inacio Lula da Silva said here Thursday. Lula, who is on a state visit to China, said China plays a very important role in the cause of global development and peace, and that he will strive to promote the development of the Brazil-China comprehensive strategic partnership in his term. Lula spoke highly of Brazil-China relations and BRICS cooperation. "Friendship is like a bottle of wine, the older, the better," he said, quoting a Brazilian proverb. Lula attended the inauguration ceremony of the new president of the

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CHINA-SHANGHAI-BRAZILIAN PRESIDENT-VISIT (CN)

(230414) -- SHANGHAI, April 14, 2023 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva speaks at the inauguration ceremony of the new president of the New Development Bank (NDB), Dilma Rousseff, former Brazilian President, at the bank's headquarters in Pudong, Shanghai, east China, April 13, 2023. As agreed between China and Brazil, Lula is paying a state visit to China from April 12 to 15. (Xinhua/Gao Feng)

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CHINA-SHANGHAI-BRAZILIAN PRESIDENT-VISIT (CN)

(230414) -- SHANGHAI, April 14, 2023 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva visits an exhibition hall on the latest development in digital technology and digital economy at the Shanghai Research Center of Huawei in Shanghai, east China, April 13, 2023. As agreed between China and Brazil, Lula is paying a state visit to China from April 12 to 15. (Xinhua/Gao Feng)

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CHINA-SHANGHAI-BRAZILIAN PRESIDENT-VISIT (CN)

(230414) -- SHANGHAI, April 14, 2023 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva shakes hands with the new president of the New Development Bank (NDB), Dilma Rousseff, former Brazilian President, while attending her inauguration ceremony at the bank's headquarters in Pudong, Shanghai, east China, April 13, 2023. As agreed between China and Brazil, Lula is paying a state visit to China from April 12 to 15. (Xinhua/Gao Feng)

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China to play a fundamental role in directing world economy toward normality: Brazilian expert

STORY: China to play a fundamental role in directing world economy toward normality: Brazilian expert DATELINE: Feb. 12, 2023 LENGTH: 00:02:03 LOCATION: RIO DE JANEIRO, Brazil CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of street scenes in China 2. SOUNDBITE 1 (English): RONNIE LINS, Director of China-Brazil Center for Research and Business in Brazil 3. SOUNDBITE 2 (English): RONNIE LINS, Director of China-Brazil Center for Research and Business in Brazil STORYLINE: A Brazilian expert has said that China, as the world's economic engine, will play a fundamental role in directing the world economy toward normality. SOUNDBITE 1 (English): RONNIE LINS, Director of China-Brazil Center for Research and Business in Brazil "It is worth mentioning that China has become the world's economic engine. Therefore, the world economy is highly dependent on good Chinese development. Due to its global economic importance, China will play a fundamental role in directing the world economy toward normality. The growth proc

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Brazilians at opening ceremony for Toyota's mechanic course

NAGOYA, Japan - Brazilian residents of Japan attend an opening ceremony at Toyota Technical College Nagoya in Kiyosu, Aichi Prefecture, on Sept. 1, 2014, for a one-year training course to nurture auto mechanics. After completing the course, they will return to Brazil to contribute to the development of the auto industry in the South American country.

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BRICS nations agree to create own development bank

FORTALEZA, Brazil - (from L to R) Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Brazilian President Dilma Rousseff, Chinese President Xi Jinping and South African President Jacob Zuma pose for a group photo during the BRICS summit in Fortaleza, Brazil, on July 15, 2014. They agreed to create their own development bank, the New Development Bank, worth 100 billion dollars.

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China, Russia, 3 other nations agree on setting up development bank

FORTALEZA, Brazil - Leaders of five emerging economies -- (from L) Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Brazilian President Dilma Rousseff, Chinese President Xi Jinping and South African President Jacob Zuma -- pose for ceremonial photos at a meeting in Fortaleza, Brazil, on July 15, 2014. The five countries, known as BRICS, agreed on the establishment of a bank to support infrastructure development in developing countries.

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China, Russia, 3 other nations agree on setting up development bank

FORTALEZA, Brazil - Leaders of five emerging economies -- (from L) Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Brazilian President Dilma Rousseff, Chinese President Xi Jinping and South African President Jacob Zuma -- pose for ceremonial photos at a meeting in Fortaleza, Brazil, on July 15, 2014. The five countries, known as BRICS, agreed on the establishment of a bank to support infrastructure development in developing countries.

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Japanese, Brazilian foreign ministers

RIO DE JANEIRO, Brazil - Japanese Foreign Minister Koichiro Gemba (L), during his visit to Brazil to attend the U.N. Conference on Sustainable Development, or Rio+20, holds talks with his Brazilian counterpart Antonio Patriota in Rio de Janeiro on June 21, 2012.

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Rio Innovation Week spotlights technology's social impact

STORY: Rio Innovation Week spotlights technology's social impact DATELINE: Nov. 10, 2022 LENGTH: 00:01:24 LOCATION: RIO DE JANEIRO, Brazil CATEGORY: TECHNOLOGY SHOTLIST: 1. various of the Rio Innovation Week 2022 2. SOUNDBITE (Portuguese): MATIAS LAZAROTTO, Director of Technology, ADS STORYLINE: Rio Innovation Week 2022, the largest and most comprehensive innovation and technology show in Latin America, is putting the spotlight this week on technology's social impact. From Nov. 8 to 11, the trade show held in the Brazilian city of Rio de Janeiro is taking a closer look at technological advances and their impact on society. This year's second edition features 700 speakers, 200 exhibiting companies and more than 2,000 startups in a 50,000-square-meter area. Among the exhibitors is Agridrones Solutions (ADS), a Brazilian agribusiness that has partnered with China's Da-Jiang Innovations (DJI). Specialized in the development of drones, DJI, through its partnership with ADS, brought large drones to

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Keywords of 20th CPC National Congress in eyes of overseas journalists

STORY: Keywords of 20th CPC National Congress in eyes of international journalists DATELINE: Oct. 19, 2022 LENGTH: 00:03:11 LOCATION: Beijing CATEGORY: POLITICS SHOTLIST: 1. various of the 20th National Congress of the Communist Party of China (CPC) 2. STANDUP (English): HUANG AIPING, Xinhua correspondent 3. SOUNDBITE 1 (English): LEONARDO SOBREIRA, Brazilian journalist 4. SOUNDBITE 2 (English): MUHAMMAD AAMIR SAEED, Journalist, Pakistan Broadcasting Corporation 5. SOUNDBITE 3 (English): ABDOULAYE DIEDHIOU, Journalist, L'Observateur, Senegal 6. SOUNDBITE 4 (English): LEONARDO SOBREIRA, Brazilian journalist 7. SOUNDBITE 5 (English): ABDOULAYE DIEDHIOU, Journalist of L'Observateur, Senegal 8. SOUNDBITE 6 (English): MUHAMMAD AAMIR SAEED, Journalist, Pakistan Broadcasting Corporatio 9. various of the development of China STORYLINE: STANDUP (English): HUANG AIPING, Xinhua correspondent "The Communist Party of China (CPC) opened its 20th national congress at the Great Hall of the People on Sunday. It's an event

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Explore journey of rural development with Brazilian musician in village in S China

STORY: Explore journey of rural development with Brazilian musician in village in S China DATELINE: Oct. 2, 2022 LENGTH: 00:03:33 LOCATION: ZHONGSHAN, China CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): RICARDO VOGT, Brazilian musician 2. various of history stories of the development of Lixi Village 3. SOUNDBITE 2 (English): RICARDO VOGT, Brazilian musician 4. SOUNDBITE 3 (English): RICARDO VOGT, Brazilian musician 5. various of cultural and creative industries in Lixi Village 5. SOUNDBITE 4 (English): RICARDO VOGT, Brazilian musician STORYLINE: Lixi Village in south China's Guangdong Province has benefited a lot from China's rural reform and rural revitalization efforts. Follow Ricardo Vogt, a Brazilian musician, to explore the village and learn the history of China's rural development. SOUNDBITE 1 (English): RICARDO VOGT, Brazilian musician "In 1976, Lixi Village quietly launched the land reform that later would be used as an example for other villages in Guangdong Province to follow. 40 years l

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Brazilian scholar speaks positively on China's path to modernization

STORY: Brazilian scholar speaks positively on China's path to modernization DATELINE: Sept. 29, 2022 LENGTH: 00:03:57 LOCATION: RIO DE JANEIRO, Brazil CATEGORY: SOCIETY SHOTLIST: 1. various of China related footage 2. SOUNDBITE (Portuguese): EVANDRO CARVALHO, Brazilian professor at the Getulio Vargas Foundation STORYLINE: China has made socialist modernization one of the tasks for building socialism with Chinese characteristics. A Brazilian scholar says that China has charted out its own development path for modernization according to its national conditions. SOUNDBITE 1 (Portuguese): EVANDRO CARVALHO, Brazilian professor at the Getulio Vargas Foundation "China has learned from history that it needs to find its development path, without waiting for the path to be pointed out, or shared by other developed countries. So I think the socialism with Chinese characteristics has taken elements of history, culture, and socialist ideals into consideration. It also views the historical process of development with

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Experts applaud "BRICS Plus" cooperation model

STORY: Experts applaud "BRICS Plus" cooperation model DATELINE: June 17, 2022 LENGTH: 00:03:30 LOCATION: Beijing CATEGORY: SOCIETY SHOTLIST: 1. SOUNDBITE 1 (English): PETER KAGWANJA, CEO of Africa Policy Institute 2. SOUNDBITE 2 (English): ANDRE THOMASHAUSEN, South African economist 3. SOUNDBITE 3 (English): EVANDRO CARVALHO, Brazilian professor at Getulio Vargas Foundation 4. SOUNDBITE 4 (English): LUIS ANTONIO PAULINO, Professor at Sao Paulo State University STORYLINE: "BRICS Plus" cooperation model promotes globalization and strengthens multilateral cooperation and development, experts from Kenya, South Africa and Brazil have said. SOUNDBITE 1 (English): PETER KAGWANJA, CEO of Africa Policy Institute "There is needed to transform BRICS into a south-south multilateral framework that can counter all demonic tendencies within the world that are a threat to globalization trends in the world. And we have seen a lot of these anti-globalization trends. And you need a powerful movement, like 'BRICS Plus,' to c

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China-proposed GDI injects impetus into world development: Brazilian expert

STORY: China-proposed GDI injects impetus into world development: Brazilian expert DATELINE: June 12, 2022 LENGTH: 00:02:30 LOCATION: SAO PAULO, Brazil CATEGORY: POLITICS SHOTLIST: various of BRICS countriesSOUNDBITE 1 (English): LUIS ANTONIO PAULINO, Professor, Sao Paulo State UniversitySOUNDBITE 2 (English): LUIS ANTONIO PAULINO, Professor, Sao Paulo State UniversitySOUNDBITE 3 (English): LUIS ANTONIO PAULINO, Professor, Sao Paulo State Universityvarious of Chinese people fighting against poverty STORYLINE: A Brazilian expert has said that the Global Development Initiative (GDI) proposed by China last year injects impetus into sustainable development and strengthens cooperation in the world, especially for the BRICS countries. SOUNDBITE 1 (English): LUIS ANTONIO PAULINO, Professor, Sao Paulo State University "It(GDI) represents a new impetus for the cooperation development in the world. It is also a platform to achieve the sustainable development goals of the UN. This global initiative gives a roadmap a

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BRICS not only about developing countries but crucial to humanity's development: Brazilian expert

STORY: BRICS not only about developing countries but crucial to humanity's development: Brazilian expert DATELINE: June 7, 2022 LENGTH: 0:02:04 LOCATION: Brasilia CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of BRICS countries 2. SOUNDBITE (English): RONNIE LINS, Director of the China-Brazil Center for Research and Business STORYLINE: A Brazilian expert says BRICS contribute not only to the development of emerging countries but also to that of humanity. The emerging-market bloc that groups Brazil, Russia, India, China and South Africa represents 42 percent of the world's population and a fifth of global GDP. SOUNDBITE (English): RONNIE LINS, Director of the China-Brazil Center for Research and Business "The BRICS not only play a development role focused on developing countries, but contribute significantly to humanity's development by establishing a more just and egalitarian world. The BRICS countries need to reinforce actions related to trust and cooperation to consolidate multilateralism. Through th

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GLOBALink | BRICS not only about developing countries but crucial to humanity's development: Brazilian expert

"The BRICS not only focus on developing countries but contribute significantly to humanity's development by establishing a more egalitarian world," a Brazilian expert has said. Produced by Xinhua Global Service

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Japan, Brazil agree to enhance cooperation on biofuels

BRASILIA, Brazil - Japanese Economy, Trade and Industry Minister Akira Amari (L) shakes hands with Miguel Jorge, the Brazilian minister of development, industry and trade, in Brasilia on July 2. Japan and Brazil agreed to enhance cooperation on biofuels and trade amid a sharp rise in prices of natural resources worldwide (Kyodo)

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BRICS nations agree to create own development bank

FORTALEZA, Brazil - (from L to R) Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Brazilian President Dilma Rousseff, Chinese President Xi Jinping and South African President Jacob Zuma pose for a group photo during the BRICS summit in Fortaleza, Brazil, on July 15, 2014. They agreed to create their own development bank, the New Development Bank, worth 100 billion dollars. (Kyodo)