A new international development bank and multi-billion emergency lending pool will be setup by Brazil, Russia, India, China and South Africa. The move comes at a summit meeting of BRICS leaders in Brazil.

As the BRICS Summit meets hot on the heels of the FIFA World Cup, also in Brazil, a remarkable trend is apparent. Most of the major global sports events such as the World Cup and the Olympic Games are taking place in the emerging powers of the 21st century. Russia, China and South Africa are all hosting the World Cups or Olympics along with Brazil in recent years. This phenomenon reflects a trend to adopt global sports events as a diplomatic tool to enhance prestige and become more socially accepted in the established world order.

Leaders of the five largest emerging economies will meet July 13-16 to finalize their first joint project: a new international development bank. The countries, known as BRICS (Brazil, Russia,India, China, and South Africa) have spent many years trying to find a common goal. Together they have more than 40 percent of the world’s population. And they share an interest in challenging many of the norms set by the West. Yet each nation is quite different in governance and ambition.

When Prime Minister Narendra Modi flies to Brazil mid-July, it will be a welcome respite from the heat and cacophony of post-budget Delhi. President Dilma Rousseff's grand welcome to the sixth Brics summit will be energising. The summit's pomp and ceremony will, however, be less important than Modi's 'side meetings', especially with Chinese president Xi Jinping. It will allow him to take measure of the man who has emerged as one of the most powerful and ambitious leaders of modern China.

he Honourable Ed Fast, Minister of International Trade, today welcomed the announcement by SkyPower Global that the company is donating 5,000 solar-powered lights to South African villages without electricity so children can have light for reading and writing. The announcement was made during Minister Fast's trade mission to South Africa. In its 2010 Integrated Resource Plan, South Africa identified the need for more power generation from renewable sources to meet its growing energy needs and also to reduce greenhouse gases.

FIFA’s investigative report and related documents, which were obtained by The New York Times and have not been publicly released, raise serious questions about the vulnerability of the World Cup to match fixing. The tournament opens June 12 in Brazil. The report found that the match-rigging syndicate and its referees infiltrated the upper reaches of global soccer in order to fix exhibition matches and exploit them for betting purposes. 

South Africa's last president under white rule has suggested that Israel risks heading toward apartheid if it does not reach a peace deal with the Palestinians. The comments by F.W. de Klerk echo warnings made by Palestinian, American and dovish Israeli officials. But his words carry special meaning, given his role in South Africa's painful history of race relations. 

Under the slogan "Sidikewe! Vukani! Vote no!" (We've had enough! Wake up! Vote no!), more than one hundred veterans of South Africa's ruling party are calling for citizens to protest at the ballot box. Former government ministers are leading the campaign, accusing President Jacob Zuma and ANC leaders of corruption and complacency.