is unfolding before our very eyes we take a look at what these five economic powerhouses brazil russia india china and south africa are up to stand by two busbar right now. the details are unfolding the ninth annual brics summit just wrapped up in shame in china that's a gathering of leaders from brazil russia india china south africa they were thought at one time to be five of the world's major emerging economies a few have taken major hits in recent years leaving some outsiders to question the strength of brics as a whole during the summit this year brics leaders strongly refuted any claims that it was losing its luster simone del rosario joins us from sharm in china with how these five countries are trying to take an even bigger role on the world stage. the doubts are well documented after years of recession experience by. i three of the five brics countries has this powerhouse of emerging economies run its course well here in sharm in china for the ninth annual bric summit the answer is a clear and definitive no now brics is made up of brazil russia india china and south africa the group is no

is unfolding before our very eyes we take a look at what these five economic powerhouses brazil russia india china and south africa are up to standby to busbar right now. the details are unfolding the ninth annual brics summit just wrapped up in shame in china that's a gathering of leaders from brazil russia india china and south africa they were thought at one time to be five of the world's major emerging economies a few have taken major hits in recent years leaving some outsiders to question the strength of brics as a whole during the summit this year brics leaders strongly refuted any claims that it was losing its luster simone del rosario joins us from sharm in china with how these five countries are trying to take an even bigger role on the world stage the doubts are well documented after years of recession experience by three of the five brics countries has this powerhouse of a.

as the brics — that's brazil, russia, india, china and south africa — wrap up theirsummit, we ask anert whether these emerging giants are still relevant. also in the programme... a pr disaster for bell pottinger — the agency is expelled from the uk trade body for the worst breach of ethics in its history. and investors remain nervous amid expectations north korea will launch another missile — we'll look at what it means as investors take money out of stocks. and we'll be getting the inside track on a booming tech sector. if you do anything online, from storing photos to buying stuff, chances are you rely on the cloud. we speak to tech boss who explains why its big business. we will speak to the former boss of ebay. today we want to know... are you worried are about storing precious stuff — from cherished photos to personal data — on the cloud? let us know. just use the hashtag #bbcbizlive. hello and welcome to business live. it's the final day of the summit involving leaders of brazil, russia, india, china and south africa — also known as the brics. the group has been quick to condem

it's the final day of the summit involving leaders of brazil, russia, india, china and south africa — the brics. the group has been quick to condemn north korea for their nuclear missile tests, but discussions have also centred around kick—starting global growth. while the white house is pushing a protectionist trade agenda, china's stance is different. president xi jinping wants to use this summit to promote what he describes as "an open world economy". then there's the brics bank — a smaller, alternative to the world bank— used by governments to fund infrastructure projects. it handed out $1.5 billion of loans last year and has pledged $2.5 billion in funding for this year. china itself has pledged $80 million in funding for brics projects, including an economic and technology cooperation plan. but there are doubts about whether the brics summit is as relevant as it used to be. beijing is busy with its own hugely ambitious belt and road initiative, pledging $124 billion to expand trade links between asia and europe. who better to find out than from rico hizon on. the group represent

leaders from five major developing nations, brazil, russia, india, china, and south africa charting ae for their second decade. chinese president xi jinping and vladimir putin agreed to appropriately deal with north korea. the nuclear test is seen as a sharp provocation to china. that is of the only challenge facing the summit. several nations facing slumping economies as commodity prices fall. economic rivalry and border disputes between china and india have been heated. ansident xi maintained ambitious outlook. >> we must move the international economic order and a more just and reasonable direction. however closer ties with the rest of the world the man's hour i've countries to play a bigger role in the global governance. without our participation many pressing global challenges cannot be effectively dealt with. host: monday being labor day in the u.s., and the u.s. leverage the history and conservation of labor movements. the outlook for working people somewhat complicated under president trump. brian: he has regularly presented himself as a champion of the american worker, from p

we also have a situation where the brics countries, brazil, russia, india, china and south africa, havenames pakistan—based organisations, like lashkar—e—taiba and jaish—e—mohammad, and says that they — condemns terror attacks, and says those committing, organising or supporting such acts must be held accountable. your information is not complete. if not — i'll not use the word wrong, but your information is not complete. this statement which came out of brics was signed by pakistan in the last year out of amritsar, the heart of asia conference which took place in amritsar. we signed this statement ourselves, the same statement. so then why did your defence minister say we reject the declaration? you're saying you signed it, but your own defence minister says we reject the declaration at the brics summit? these organisations you have just mentioned, they are proscribed in afghanistan. jaish—e—mohammad and lashkar—e—taiba, they are banned in pakistan. their leadership is in custody. they are under house arrest, or they are detained by the pakistan government. you are not taking enough ac

brick stands for brazil, russia, india, china, and south africa. russia is calling for the u.s. and north korea to continue talking, but as you just heard, this comes after a new nuclear test by the north over the weekend. and as the u.s. and south korea now explore their military options. matt. >>> thanks. we're tracking developing news out of texas. governor greg abbott said harvey's storm damage would reach up to $180 billion. congress is expected to approve nearly $8 billion in federal aid to help storm victims but it may need to raise the debt ceiling to do it. many disaster zones are still under water. government officials hope the city will be back on track after labor day. >> to see the level of commercial activity, the level of people traveling around and the number of people who were working to rebuild, texas is mending -- texas and houston are mending quickly. >> harvey is blamed for at least 44 deaths. sthouns of people remain in shelters. >> pets arrived in san francisco from texas hoping to find new homes following hurricane harvey. you're looking at video provided

a product of the meeting of the minds that occurs at breaks summits where leaders from brazil russia india. china and south africa meet each year now like its name the goal of this debate is to provide loans and foster new development with emerging economies while at the ninth annual bric summit in sharm in china last week i sat down with k.v. comment the president of the new development bank which many consider to be an alternative to the world bank or international monetary fund i asked him how n.d.p. sets itself apart from other global financial institutions. i would put it in context of the n.d.p. you can understand that he is a product of the song it is aspirations of the developing countries to try and stand on their own feet in so far as the point assistance is concerned. complements and supplements at all of other institutions but at the same time it makes the statement that. developing countries would like to stand on their own feet now the n.d.p. has already provided billions of dollars in loans just since two thousand and sixteen what are some of your goals for the coming year but i th

has somewhat overshadowed the true purpose behind the brics gathering world leaders from brazil russia india china and south africa meet to discuss economic development and bolstering emerging economies still there was always side talks at these summits and chinese. ok we're going to cross live to russia's far east where russian the russian prime minister president vladimir putin is giving a press conference that's cost lives and your book you. two hundred. some says was in the words he wants you to production for. supplying. so clearly seeks to expand its culture. which to launch. almost one hundred businessmen represents a shift to countries who turns. out. businessman which. is where south korea will be. active you do it when i talk to mr president community really. stepped up when you were. trying to put in the investment and. to put together their portfolio projects especially in russia's far east we'll. use the port of the lady was. to give alternately areas. south korea. and the controversy that. interested in having a free trade area. economically and it will continue our consultations so.

has somewhat overshadowed the true purpose behind the brics gathering where leaders from brazil russia india china and south africa meet to discuss economic development and bolstering emerging economies still there is always side to.

brics is an abbreviation of a group of five countries brazil russia india china and south africa and together both countries make up almost half of the world's and tire population with the states also covering more than a quarter of the earth landmass we can now cross live to our kate partridges in sharman forest ok this been a vengeful time of the break summit hasn't it can you sum it up for us. hi there yes day two the final day here at the ritz summoned to men in china and it's a glorious weather but certainly as you've been indicating in the early unused been overshadowed by foreign policy events particularly on the korean peninsula we're just waiting now for president vladimir putin to give his spawn final speech at the summit and what we're doing that let's look back over what has been discussed over two years you say very eventful days i mean earlier today that the leaders of the brics nations were discussing with new potential leaders of countries coming into brics as well so we're looking at countries there such as guinea mexico thailand and you start all those leaders were.

the leaders of the five brics countries — brazil, russia, india, china and south africa — as well as jikistan, guinea and thailand. robert kuhn is the author of how china's leaders think. when hejoined me from shanghai, i asked him how the north korean nuclear test would affect the summit. brics is important to china because it emphasises china's aim to emerge in the world pro actively to support world peace and prosperity and stability. the diplomatic initiatives of china and mutual cooperation. so for the north korean is to detonate this nuclear weapon at this time is really enormously both rude and intrusive into one of china's most important events of the year. china looks upon brics is extremely important for its emergence in the world in terms of cooperation amongst emerging countries, a multilateralism as opposed to unilateralism. all the things that china deals with. this time the president really emphasise security, talking about global peace, stability, a comprehensive co—operative sustainable security arrangement yet at this time for this to occur is quite significant. ther

time somewhat overshadowed the true purpose behind the brics gathering where leaders from brazil russia india china and south africa meet to discuss economic development and bolstering emerging economies still there was always side talks at these summits and putin chinese president xi jinping wasted no time. i'm addressing north korea's actions together with other brics leaders they released this statement in the declaration saying we expressed deep concern over the ongoing tension and prolonged nuclear issue on the korean peninsula and emphasized that it should only be settled through peaceful means and direct dialogue of all the parties concerned now this is in contrast to actions the u.s. and its allies have taken since the nuclear test the u.s. south korea and japan are looking to exercise military options while here and we reached out to japanese president. urging a diplomatic solution and we spoke with russia's deputy foreign minister here who said that this military pressure has failed in the past it's a very delicate moment old responsibility restraint is needed on the part is having said t

advance should both america russia and the world russia is a central player in the brics brazil russia india china and south africa the brics together could put the gold standard back on the table the gold standard does not constrain economic growth it simply takes the place of the dollar as the reserve currency and then you can print as much as much of your currency as you want as long as it's convertible into dollars this would supercharge world economic growth including both russia the united states and the rest of the world were at work with ralph thank you very much for this insightful interview i've been talking to ralph ben cohen former reagan administration official author and political columnist discussing trump's administration russia collision and the way it's affecting his presidency in general that's it for this edition of sophie ankle i'll see you next time. thank you. seniors ago i traveled across the united states exploring america's deadly love affair with the gun bad guy trying to get to one of my family members he would have better luck with that i don't i think they are and how

test has somewhat overshadowed the true purpose behind the brics gathering leaders from brazil russia india china and south africa meet to discuss economic development and bolstering emerging economies still there is always side talks at these summits and putin chinese president xi jinping wasted no time addressing north korea's actions together with other brics leaders they released this statement in the declaration saying we express deep concern over the ongoing tension and prolonged nuclear issue on the korean peninsula and emphasized that it should only be settled through peaceful means and direct dialogue of all the parties concerned now this is in contrast to actions the u.s. and its allies have taken since the nuclear tests the u.s. south korea and japan are looking to exercise military options while here and putin reached out to japanese president. urging a diplomatic solution and we spoke with russia's deputy foreign minister here who said that this military pressure has failed in the past it's a very delicate moment old responsibility restraint is needed on the part is having said that

has somewhat overshadowed the true purpose behind the brics gathering world leaders from brazil russia india china and south africa meet to discuss economic development and bolstering emerging economies still there was always side talks at these summits and putin chinese president xi jinping wasted no time addressing north korea's actions together with other brics leaders they released this statement in the declaration saying we express deep concern over the ongoing tension and prolonged nuclear issue on the korean peninsula and emphasized that it should only. through peaceful means and direct dialogue of all the parties concerned this is in contrast to actions the u.s. and its allies have taken since the nuclear tests the us south korea and japan are looking to exercise military options while here and reach down to japanese president. urging a diplomatic solution and we spoke with russia's deputy foreign minister here who said that this military pressure has failed in the past very delicate moment old responsibility. part of this having said that once again we deplore the illegal. missile technol

this is the so-called brick summit, the big four emerging markets, brazil, russia, india and china, theymed an informal group and there is a summit going on in china and we have had trouble saying that pyongyang, north korea having carried out nuclear tests recently, i think the phrase he used was begging for war. putin has come back saying that trump should not engage in war hysteria. the key point being that of course if there are sanctions by the us against north korea, unless they are unilateral sections, if they are un sanctions, both russia and china are able to sanction them as permanent members of the security council. given that it is ata of the security council. given that it is at a bric summit, there is no way that putin would say that unless beijing was on site. and it helps us get into the mindset of the north koreans because putin is saying they would rather eat grass than give up their weapons programme. he knows what it is like to have the west say, you can't do this, and also what it is like to use your military might to force the west to take you seriously and give you

china. brazil, russia, india and china and south africa as well as egypt, mexico, guinea and thailand. 5 millionat. there is ally. china respects that. there is a strategic bargaining chip. the us does not focus on other more sensitive issues like taiwan. a lot of issues that make china not want to see is the regime collapse but certainly not cause trouble. everybody knows you have a heart of gold but what would you do the love? may be give up myjob. i would give up my may be give up myjob. i would give up myjob may be give up myjob. i would give up my job for may be give up myjob. i would give up myjob for love. may be give up myjob. i would give up my job for love. what about you? yes, i could do that. i think i could do that. a sense of hesitation there laughter would we do that for each other is make let's see. well, out that it that's what the granddaughter of japan's emperor is doing after falling in love with a commoner. for princess mako to get married to the man she met at university she has to give up her royal status. the couple have just got the official go—ahead to get engaged and h

brazil, russia, india, china, and south america. it is being presided of this year by china. this is a big deal for xi jinping as they lead up to a party conference next month. and xi jinping wants to show the world and very much the domestic audience this is a big moment for china to have these world leaders here to talk about economic development. and economics generally. to have north korea hijack the conversation about its latest nuclear test will not play well at all with beijing. president xi is due to open this country in a couple hours from now. whether he mentions north korea, we don't know that. but it may be he prefers to ignore it publicly and then speak to vladimir putin about it tomorrow when the two leaders meet in a bilateral meeting. >> perhaps it also illustrates the disregard, perhaps, that north korea holds china these days. we know there is more tension between these two countries. andrew stevens for us. we'll wait and see if xi jinping does make statements in a couple of hours. >> let's try and find out whether russian is reacting to this. fred pleitgen

that stands for brazil, russia, india, china, and south africa.oo much pressure on north korea is, quote, a dead end road. russia said the u.s. and north korea should toik talking. the u.s. and south korea are exploring military options. >> tracking developing news out of texas. governor greg abbott said harvey's storm damage could reach up to $180 billion. this week, congress is expected to approve nearly $8 billion in federal aid to help storm victims but it may need to raise the debt ceiling to do it. many disaster sto eer zones are under water. >> to see the level of commercial activity, the level of people traveling around and what was going on, the number of people who were working to rebuild texas is mending quickly -- texas and houston are mending quickly. >> harvey is blamed for at least 44 deaths. thousands of people remain in shelters. >> dozens of pets arrived in san francisco from texas hoping to find new homes following hurricane harvey. you're looking at video provided by the san francisco spca showing some of the 70 animals moments

the brix conference, brazil, russia, india and china, it is something we we re india and china, it isey were all thriving, these economies. —— the brics. 2001, goldman sachs, coined this term for the emerging economies, took on a political life because these countries, as well as being emerging markets, were men to ta ke being emerging markets, were men to take on some of the world economic leadership away from the us and europe, they have this annual conference but it has not worked out like that, powers have diverged. china, the driving economy and all of this, is much cleaner now on the economies closer to its home, so it really is forgetting this notion of the brics and going to a much more to graphically centric. cynics said, you cannot lump these economies together thanks on —— based on vague similarities, looking at someone of the size, power and scale of china. it suited them at the time, they wa nted it suited them at the time, they wanted to be this alternative power source in the world economy, there are such disparities now, and you cannot horse these things together, apar

it stands for brazil, russia, india, china, and south africa. vladimir putin says putting too much pressure on north korea is, quote, a dead end road. russia says the u.s. and north korea should continue talking. the u.s. and south korea are exploring military options. >> we're tracking developing news out of texas. governor greg abbott says harvey's storm damage could reach up to $180 billion. this week, congress is expected to approve nearly $8 billion in federal aid to help storm victims but it may need to raise the debt ceiling to do it. many disaster zones are still under water. government officials hope the city will be back on track after labor day. >> to see the level of commercial activity, the people traveling around and what was going on and the number of people who were working to rebuild, texas is mending quickly -- texas and houston are mending quickly. >> harvey is blamed for at least 44 deaths. thousands of people remain in shelters. >> well, of course, you may know the owner of a furniture retail chain opened his doors for harve

when you hear tom setting the stage for brazil, russia, india, and china, how important are these kindsetings in terms of driving the agenda forward for brexit? guest: they are, but bigger picture, rates and currencies are even more important. becausey global gdp consumer spending is a big driver for these companies and countries that have to export to bigger markets. manus: if you look at the performance, this is the brics, up 30%, mx msci up will percent. there is no doubt about it,. , in mexico, it is resplendent. guest: this is one of the biggest surprises of the year. remember emerging markets tend to over perform when yields are higher because this whole concept of risk premium is what drives major markets. one thing we had this year was a inrease in heightened risk brazil and china with nonperforming loans situation, going down. manus: those nonperforming loans were stunning last week. the dollar travels lower for you are it -- for you. guest: the dollar is likely to perform if the trump administration passes tax reform. if that changed, we could see rebound in the dollar. manus:

brazil, russia, india, china then you found out there's the bra and the ix so it depends on whether you're importer or exporter my own opinion, i think the dollar is likely to strengthen in the next year and that tends to favor commonty importers like china and hurts other parts of like russia. the point is there's much more when it was a new asset class you could almost buy anything. now there's more nuance going in in those markets and more analysis has to be done. >> so the correlation with what the u.s. dollar is doing kind of still holds for those markets. what about for some of the commodities that have had such a good run. >> that's my opinion and that's largely because -- and sara, i don't know what your thought is. i think the euro at 120 versus the dollar is too high i think a big part of their economic boost has come because the euro weakened. i think without big structure reforms it's hard for me to get bullish on europe from here. i have to say, we missed it, we didn't participate in the european rally so i don't know how much credibility i have but from here i don't want to p

as the brics — that's brazil, russia, india, china and south africa — wrap up theirsummit, we ask an

the economies of brazil, russia, india and china.'neill is here. -- do we you look at understand the profound changes the world is going through? i'm talking about the way we do diplomacy, the way we tweet, the way brexit underlined populism, and saudi arabia accelerating reforms very quickly. jim: a lot for the mind to think about. when you are having the discussion, i was trying to think through that myself. the really big question going through my head is, is this just the first of a number of things in saudi arabia? if they are allowing the women to drive, is this the beginning of women getting proper rights? bloomberg should apply for a show for a week in riyadh, see if you can move around normally. it would be pretty interesting. if that is the beginning of something like that, given saudi arabia's role in the middle east, that could be the beginning of an enormous change in that part of the so-called emerging world, and certainly more relevant than what janet yellen is going to do with the next 25 basis points at the fed. fran

has had, and in this case it has just opened up a very important meeting with russia, india, brazil, who have all come to chinao coincide with the opening of the meeting. this will infuriate the government of beijing, and this will indicate that the pyongyang government is not happy with china's sanctions on the country. thank you for that. more analysis to come on that in bbc news. hospital managers in england have called for an emergency financial bail—out, saying they are bracing themselves for the worst winter in recent years. nhs providers — which represents the vast majority of health trusts — says at least £200 million of extra funding is needed to pay for more staff and beds. but the department of health says the nhs is better prepared for winter this year than ever before, as helena lee reports. winter can put hospitals under severe pressure. it's a time when there is an increasing demand, more patients needing treatment in an already stretched service. there's been a lot of planning to prepare the health service this winter, but nhs providers, representing hospital bosses, says more money is needed,

continued belligerence is seen as a blow to china, embarrassing the chinese president who was hosting a high-profile summit for russia, india, south africa, and brazil. china said on monday it had made an "term representation" to north korea. china carried out emergency radiation testing along its border with north korea. saturday marks north korea's independence day. intelligence experts expect a possible intercontinental ballistic missile launch. kim likes to test on anniversaries. >> mike: jennifer griffin. many thanks. this is a fox news alert. the governor of florida has just declared a state of emergency in preparation for hurricane irma. this storm has been upgraded to a category 4. puerto rico's governor has also declared an emergency. officials in the caribbean are warning about could dump up to 10 inches of rain, unleashed landslides and dangerous flash floods. it's expected to hit the region tuesday. we are going to be keeping an eye on irma. stay with fox news for the latest details on the storm's track. meanwhile in texas, houston's mayor says the nation's fourth largest city is open for business even though much of it is still underwat

korea's continued belligerent is seen as a blow to china embarrassing the chinese president who was hosting a summit for russia, india, south africa and brazil the time. >> china said monday it had made a stern representation to north korea over the test. china also carried out emergency radiation testing along its border with north korea. saturday marks north korea's independence day. kim always likes to test on anniversaries. in washington, jennifer griffin. fox news. >>> the u.n. security council held an emergency meeting today to issue a stern warning to north korea and to push for stronger sanctions. today u.s. ambassador nikki haley said kim jong-un is asking for war. >>> a nurse who was arrested for refusing to draw blood said today she's now considering legal action. a video of that incident shows webles says she wasn't allowed to take blood from an unconscious patient without a warrant. that's when the officer took her to his patrol car. the eupbt dent happened at the university of utah hospital. but the video was just released. today hospital administrators praised the nurse saying she acted professionally while the police officer