With Goldman Sachs folding up its haemorrhaging BRIC fund, is it curtains for the acronym that defined the investment bankers’ fancy for emerging markets? It certainly appears so after China’s stock market crash and a fast slowing economy triggered fears that the dragon will set off the next global recession.
Article Six of the Non-Proliferation Treaty (NPT) makes it obligatory for nuclear states to get rid of their nuclear weapons as part of a bargain that requires the non-nuclear states not to acquire nuclear weapons. Apart from the NPT provisions, there have been a number of other rulings that have reinforced those requirements.
Iran’s nuclear programme has been the target of a great deal of misinformation, downright lies and above all myths. As a result, it is often difficult to unpick truth from falsehood.
Despite last year’s Arms Trade Treaty (ATT), the proliferation of conventional weapons, both legally and illegally, continues to help fuel military conflicts in several countries in the Middle East and Africa, including Syria, Iraq, Sudan, South Sudan, Somalia, Libya and Yemen.
After a one-day summit in the U.S. Arctic’s biggest city, leaders from the world’s northern countries acknowledged that climate change is seriously disrupting the Arctic ecosystem, yet left without committing themselves to serious action to fight the negative impacts of global warming.
The recent explosions that apparently destroyed a 2,000-year-old temple in the ancient city of Palmyra in Syria were yet another grim example of how the armed group calling itself the Islamic State (IS) uses conventional weapons to further its agenda.
We refer to the IPS article posted by Mr. Somar Wijayadasa
, a former Representative at the United Nations.
On July 29 Russia vetoed a draft U.N. Security Council (UNSC) resolution on the establishment of an international tribunal to investigate the downing of Malaysia Airlines MH17 flight over eastern Ukraine last year - killing all 298 people on board.
In recommendations to German Chancellor Angela Merkel at the end of July, the German Council of Economic Experts outlined
how a weak member country could leave the Eurozone and called for strengthening the European monetary union.
Anti-nuclear energy activists are up in arms, and have taken to vigils outside South Africa’s parliament in Cape Town to protest against President Jacob Zuma’s push for nuclear development.
"A serious political and social crisis will sweep through the euro countries if they do not decide to strengthen the integration of their economies. The euro zone crisis did not begin with the Greek crisis, but was manifested much earlier, when a monetary union was created without economic and fiscal union in the context of a financial sector drugged on debt and speculation.”
The formal opening of the BRICS Bank in Shanghai on Jul. 21 following the seventh summit of the world’s five leading emerging economies held recently in the Russian city of Ufa, demonstrates the speed with which an alternative global financial architecture is emerging.
When the three-day conference on Financing for Development
begins on Jul. 13 in Addis Ababa, the competitors in this year’s Tour de France will have reached the mountains. They will have already experienced a few spills and will still have many kilometres to go.
Just days ahead of a summit of the BRICS group of emerging economies (Brazil, Russia, India, China and South Africa) in which the five countries are expected to formally launch their New Development Bank (NDB), 40 NGOs and civil society groups have penned an open letter to their respective governments urging transparency and accountability in the proposed banking process.
The decisive result of the Greek referendum held Jul. 5, in which voters overwhelmingly rejected (61.3 to 38.7 percent) the terms of an international bailout, has opened a new chapter not only for the future of Greece, but also in terms of the essence of the European Union itself.