xijinping will be the big man on the stage.now i think this will play well to the domestic audience in china and everyone is watching closely. china wants to have a brics bank. they wants to have a brics bank. they want to replace the us dollar. what this just be a show or will they have substantial to show after the meeting is? everyone is watching closely. meeting is? everyone is watching closel . ~ , meeting is? everyone is watching closel. , . ., ., ., closely. absolutely. what one of the key concerns — closely. absolutely. what one of the key concerns is _ closely. absolutely. what one of the key concerns is that _ closely. absolutely. what one of the key concerns is that expansion i closely. absolutely. what one of the key concerns is that expansion could come at the cost of cohesion. we know the bigger these cohesion is get, they have disparate opinions on how things should be handled. is there a danger that expanding beyond those original members starts to lose the entire focus of why they are a group in? it lose the en

we also heard from south africa's leader who reflected on his meeting with china's president xijinpingke a listen. president xijinping and i discussed the ongoing conflict between russia and ukraine and its significant impact on developing economies in africa and elsewhere. we both agreed on the importance of dialogue and negotiation between the two sides. the bloc accounts for about a0 % of the world's population and a quarter of the global economy. lupin rahman, manages the emerging markets portfolio at investment firm pimco. she told me what investors are looking for from the brics summit. investors are looking at a more medium—term outlook rather than having a near—term market impacts but it's important for emerging market investors to recognise is the first time brics are taking an international voice for themselves and it is reflective of some of the nervousness and anxiety that many brics countries have faced relative to the last few years with the coronavirus shock, the ukraine war, impact on food prices and a large hike in the federal reserve, so investors will see how this su

the headlines: china's president xijinping meets his south african counterpart for talks ahead of the brics summit injohannesburg. presidentjoe biden pledges long—term government support for hawaii after touring the wildfire damage in maui. claims of corruption are levelled in ukraine against army officials running recruitment. more now on the summit getting under way injohannesburg. in the last half—an—hour we have seen south africa's president ramaphosa presenting the chinese leader with gifts at the opening session. the brics group of nations consists of brazil, russia, india and south africa. there's a surge of interest from more than 20 countries injoining the bloc and china's leader, xijinping, is particularly keen on welcoming new members. analysts say brics could emerge as a challenger to western dominance in world affairs. xijinping hasjust said that his country and south africa stand at what they call a new historical starting point. this meeting is taking place in pretoria. let's go to johannesburg. leandro prazeres from bbc brazil is there for us. what is brazil hoping to

xijinping will look like the big man on the stage.hina is having a difficult economic situation right now i think this will play well to the domestic audience in china and everyone is watching closely. china wants to have a brics bank. they want to replace the us dollar. there is concern that won't happen. what this just be a show or will they have substantial to show after the meeting is? everyone is watching closely. absolutely. one of the key concerns is that expansion could come at the cost of cohesion. we know the bigger these cohesion is get, they have disparate opinions on how things should be handled. is there a danger that expanding beyond those original members starts to lose the entire focus of why they are a grouping? it is important to remember that this was originally a term coined by goldman sachs. now it has taken off. this is a disparate group to begin with and it is difficult to get any sort of cohesion. expanding to further countries would mean it would may be in name only. it would be very difficult to get all thes

. —— present xijinping. influence that the block currently enjoys. -- present xijinping. you very muchry this hour, that is, of course, how the events in india and on the moon, by becoming the first country to land a spacecraft near the south pole of the moon. it is a significant achievement, no spacecraft has landed there before this, and it is part —— this is part of the moment where it actually happened. there you can see, on the left, narendra modi, the president of india, he said he is now over the moon, as he welcomed the achievement. in the right—hand side, it is a graphic representation the spacecraft landing on the surface of the moon. that was the scene, the celebrations there of people welcoming a huge moment for india and a huge moment for the space industry as well. i'm lewis vaughan jones, i'm lewis vaughanjones, this is bbc news. hello there. we have seen some cloudier weather pushing in towards parts of the uk today and over the coming days, it will be a little bit on the unsettled side. in fact, right through the coming weekend, sunshine and showers for many and also t

these are pictures of china's leader xijinping touching down.an president, vladimir putin, will be attending by video link, due to a threat of arrest for alleged war crimes. mr putin has sent his foreign minister — sergei lavrov — who was welcomed by a troupe of traditional dancers at the airport. the terms brics was first mentioned by an british economist in new york who grouped together brazil, ru55ia, india and china. they were four economies with a high potential for growth which all had large populations. even though the four nation5 had dramatically different political systems — the term stuck and the bric countries held their first official meeting in 2009 in russia. a year later south africa joined and it became known a5 brics. they're touted by many as an emerging diplomatic rival to the g7 group of nations — which is dominated by western democracies. bbc africa's nom5a ma5eko is at the summit. it is indeed a group that sees itself as a group that can take on the worst year of the, and it is expected that leaders of brics will talk abou

these are pictures of china's leader xijinping touching down.will shine a light on the member nations' links with the kremlin. the russian president vladimir putin will be attending by video link due to a threat of arrest for alleged war crimes. mr putin has sent his foreign minister sergei lavrov who was welcomed by a troupe of traditional dancers at the airport. the term brics was first mentioned by a british economist in new york who grouped together brazil, russia, india and china. they were four economies with a high potential for growth who all had large populations. even though the four nations had dramatically different political systems the term stuck and the bric countries held their first official meeting in 2009 in russia. a year later south africa joined and it became known as brics. they're touted by many as an emerging diplomatic rival to the g7 group of nations which is dominated by western democracies. live now tojohannesburg to speak to our correspondent nomsa maseko. we have some live pictures of the world leaders arriving. li

in a rare overseas trip, xijinping is in south africa for the brics summit. we have the latest live from johannesburg. welcome to world business report. we start here in the uk, where microsoft has submitted a new deal to buy the gaming giant activision blizzard. the original bid of $69 billion was rejected by the competition and markets authority earlier this year. in a blog posted today, microsoft's uk boss, brad smith, said the new offer was "substantially different" and he expected it to be approved. under the new offer, microsoft won't buy the rights for activision�*s existing or new games stored in the cloud. let's get more on this first from our gaming correspondent stefan powell. the burst there saying this, he is confident, will get the go—ahead. it all rests with what happened here in the uk. for this deal to go through, the uk. for this deal to go through, the biggest deal in gaming history, one of the biggest deals in entertainment history, to give you some context as to how big this is, it was 2012, essentially disney bought star wars for 4 billi

it seems that the least they are hoping to get that face—to—face meeting with xijinping?, xi jinping? i thinkjames cleverly is uuite xi jinping? i thinkjames cleverly is quite right _ xi jinping? i thinkjames cleverly is quite right to _ xi jinping? i thinkjames cleverly is quite right to go _ xi jinping? i thinkjames cleverly is quite right to go to _ xi jinping? i thinkjames cleverly is quite right to go to china, - xi jinping? i thinkjames cleverly is quite right to go to china, he l is quite right to go to china, he needs— is quite right to go to china, he needs to — is quite right to go to china, he needs to have a working relationship with his _ needs to have a working relationship with his chinese counterpart. there is a huge _ with his chinese counterpart. there is a huge commercial relationship, but also _ is a huge commercial relationship, but also we — is a huge commercial relationship, but also we have really important issues _ but also we have really important issues to — but also we have really important issues to raise with china about their— issues to rais

these are pictures of china's leader xijinping touching down.ussian president, vladimir putin, will be attending by video link, due to a threat of arrest for alleged war crimes. mr putin has sent his foreign minister — sergei lavrov — who was welcomed by a troupe of traditional dancers at the airport. live now tojohannesburg to speak to our correspondent, nomsa maseko. this is a very significant grouping which in many ways is taken on the traditional western global order. what will they discuss today? tt is what will they discuss today? it is indeed a what will they discuss today? tit 3 indeed a group that sees itself as a group that can take on the west geopolitically. it is expected the leaders of brics will talk about a possible expansion of the group, at least 20 other countries have now made formal applications to join the bloc. some of the countries include saudi arabia, argentina, egypt and the biggest economy in africa, nigeria. there is talk of a possible use of one currency by the brics countries, and this is aimed at trying to lessen

xijinping arrived in pretoria for talks with his dapper african counterpart they will ram a poster. for a trip to south africa. —— is south african counterpart. president putin has addressed a summit of the brics group mr putin didn't travel tojohannesburg, where the summit is taking place, but rather attended remotely, due to a threat of arrest for alleged war crimes. these four economies had high potential for growth, all with large populations, but completely different political systems, but the term brics stock, and had theirfirst official meeting in 2009 in russia. a year later south africa joined. russia. a year later south africajoined. it russia. a year later south africa joined. it has emerged as a diplomatic arrival to the g7 group of nations dominated by western democracies. i asked dr roselyn shay from temple university what she thinks the leaders will focus on over the next three days. you know, they are meeting for the next three days. during this time of geoeconomics and geopolitical climate, there is a lot of hype about the meeting. india, some of the top newspapers

of debt in china, a lot of visible debt and probably a lot of invisible debt and couple that was xijinping'so not create a welfare state and you have a government that does not want to introduce a lot of stimulus but over the past ten days $10.5 billion of foreign investment money has left china. there is definitely some degree of crisis of confidence — that is the real problem — and when you have got a state command economy like china the government and the private sector a little bit glued together and the government probably does take this personally. they are going to try all of these different measures to reduce the losses, but ultimately economics is a social science and economics comes down to how confident investors fill in an economy. yeah, so, iwant investors fill in an economy. yeah, so, i want to ask how concerned you are about china's economy because if unemployment at record high. prices are starting to fall on the property sector in crisis? yeah, well, i guess it is a social science so these things could have a virtual and vicious cycle effect. we have youth unemployment very

we see china's xijinping is attending the summit in person, how significant do you think that is?that is? ., ~ . ., that is? thank you so much for havin: that is? thank you so much for having me- _ that is? thank you so much for having me. it's— that is? thank you so much for having me. it's of— that is? thank you so much for having me. it's of course - having me. it's of course significant, whenever brics comes together as a formation, they represent 40% of the global population. and a quarter of the world's gdp. brics now controls more of global gdp than g7 does. china is at the heart of that. this is at the heart of that. this is at the heart of that. this is a consequential moment for the brics coalition. intending to institutionalise the value it projects to the world. china's economy is incredibly wobbly at the moment, they have not recovered from the pandemic. and of course russia, in the person of vladimir putin, can't even attend the summit because there is an arrest warrant against him on the icc of which south africa is a signatory. china plays an outsized role, but ind

these are pictures of china's leader xijinping touching down.attending by video link. mr putin has sent his foreign minister — sergei lavrov — who was welcomed by a troupe of traditional dancers at the airport. so — could brics become a rival to the g7 group of nations? here's our africa correspondent, nomsa maseko: 40 countries have also applied to be members of brics, because this bloc wants to be seen as a geopolitical force that can stand up to the west. however, with russia's vladimir putin not attending, there is a little bit of disappointment, particularly from his supporters and those that do support the war in ukraine. but s you said, he will be attending virtually and his speech, which is expected to take place tomorrow morning, is highly anticipated. but today, what is indeed happening is a state visit, an official state visit by china's president xi jinping, who is actually meeting with president ramaphosa, earlier, in fact this morning in pretoria, where there will be discussions in terms of trade relations and also some agreements

president xijinping and i have agreed to consult closely on issues of common concern including in theoperation, and the g7 plus china and also the g20. we will keep you across all the developments from south africa as the summit gets under way. here, the lead consultant on the neo—natal unit where the child killer lucy letby worked has told the bbc that health service managers should be regulated — in the same way as doctors and nurses. letby will spend the rest of her life in prison — after she was sentenced for murdering seven babies and attempting to kill six more at the countess of chester hospital. dr stephen brearey said his initial concerns about the nurse were not immediately acted upon — and his experience is not unusual. this will have the regulatory bodies that we have to answer to. and quite often we will see senior managers who have no apparent accountability for what they do in our trusts, and they are moved to other trusts and you worry about their future actions and there doesn't seem to be any system to make them accountable and for them to justify their actions. the

in a rare overseas trip, xijinping is in south africa for the brics summit.e are live tojohannesburg for the latest. the moon's a hard mistress, and yet interest in travelling there is at an all—time high. but what are the economic benefits from the new space race? hello. i'm sally bundock with the top business stories. and we start with the uk chip designer, arm. its owner, japan's softbank, has finally filed the paperwork for a new york market listing. this highly anticipated floatation should net its japanese owner tens of billions of dollars and will be the biggest initial public offering in almost two years. arm is based in cambridge and plans to make its american stock market debut in early september, selling its shares on the nasdaq exchange. our north america business correspondent, michelle fleury, has the details. arm didn't reveal the number of shares that were selling or pricing of the offering but is reportedly for evaluation of between 60— $70 billion. ahead of the ibo the cambridge company revealed revenue was down 1% from a year earlier. the c

in a rare overseas trip, xijinping is in south africa for the brics summit.rt. we start here in the uk, where microsoft has submitted a new deal to buy the gaming giant activision blizzard. the original bid of $69 billion was rejected by the competition and markets authority earlier this year. in a blog posted today, microsoft's uk boss, brad smith, said

china�*s president xijinping is also attending the summit, and was expected to deliver a speech at thelive now is susan thornton, former us acting assistant secretary of state for east asian and pacific affairs. oliver stuenkel, an international relations professor at the think tank fundacao getulio vargas. and katherine hadda, a visiting fellow at the center for strategic and international studies us—india policy studies. great to have you all with me tonight. susan, that piece of news out of the summit, all the leaders speaking at this brics business forum except xi jinping, and questions being asked as to why, what do you make of this? irate asked as to why, what do you make of this?— asked as to why, what do you make of this? we really don't know and _ make of this? we really don't know and nobody _ make of this? we really don't know and nobody is _ make of this? we really don't know and nobody is saying i make of this? we really don't know and nobody is saying in | know and nobody is saying in south africa what happened. he was scheduled to give a speech. he did appear with the so

president xijinping has said china must improve its early warning systems.ens of thousands forced to flee their homes. 0ur china correspondent stephen mcdonell reports from hebei province. the stranded residents of zhuozhou are finally getting out. they've had no electricity and no drinking water is the flood rose around them. emergency teams have been entering their submerged town by treating roads as rivers. this is the staging post for the rescue of people who have been stuck been stuck in zhuozhou. these boats have been crucial because all those flats that have been surrounded by water, it's the only way to reach them. officials have said they have not had enough boats, but the reinforcements are here and we can tell you there are a lot of these boats coming in. people arriving at disaster shelters, carrying only a few belongings. they may have had possessions destroyed at home, but they are grateful to be safe. translation: we brought nothing with us. _ we needed to get out to keep this baby safe. all the buildings around us were flooded. some up to the

these are pictures of china's leader xijinping touching down. it is fifth visit to south africa sincell be attending by video link due to a threat of arrest for alleged war crimes. let's speak to 0liver stuenkel, professor at fundacao getulio vargas school of international relations, in sao paulo. let's talk about the expansion allowing other member countries to become members, i think there's something like 20 countries which have applied already. what do you make of that, will it happen? hello, will actually — make of that, will it happen? hello, will actually expansion _ make of that, will it happen? hello, will actually expansion has - make of that, will it happen? hello, will actually expansion has been - make of that, will it happen? hello, will actually expansion has been on| will actually expansion has been on the agenda of brics from the very beginning. after all, china pushed towards including africa in 2010. and for five years, it's been bringing this up because i think for china, it's in china's interest to expand the grouping because china is the leading power and all the

could xijinping be risking political discontent over the economy? unemployment, most of the worst areas of unemployment... inaudible people who are well educated, the elite, the best prospects for the future. you might get some small scale projects but they are unlikely to really engage because they have the best prospects of future. but another area of the economy which is still really suffering is the property sector, and that is a different kind of problem because there are massive debts along developers and some of those debt issues have been beginning to reappear in the last few weeks with country garden, a massive developer, on the brink of default. that is an area that poses a potential risk if it is not stabilised.— it is not stabilised. 0k, duncan. _ it is not stabilised. 0k, duncan, thank - it is not stabilised. 0k, duncan, thank you - it is not stabilised. 0k, duncan, thank you for. it is not stabilised. 0k, - duncan, thank you forjoining us with your thoughts today. staying with china now, and the growing trade tensions between it and th

in a rare overseas trip, xijinping is in south africa for the brics summit.e the economic benefits from the new space race? hello. i'm sally bundock with the top business stories.

economic reforms and deregulation to stimulate investment, domestic consumption, something that xijinping been reluctant to do. but i think now this crisis literally risks burning down the house. i think finally, perhaps the reformers basically have a chance to basically push through some of their agenda they haven't been able to do for the last ten years. yeah, they haven't enacted any major stimulus, have they, since covid? it's really struggling internally, also in the property sector, aren't they? exactly. but i think there's a difference between stimulus and reform. like, you know, they haven't done stimulus because stimulus hasn't been really working. as you probably know, china now is sitting on more debt than the united states and even europe. that's the result of over stimulus of the last ten years. so from that point of view, they don't want to basically pump more fiscal stimulus in the economy. they don't want to give out more loans. what they need to do now is to basically open up the economy for competition, trying to basically level the playing field between state—owned ente

we have already seen vladimir putin and xi jinping are| vladimir putin and xijinping are not going toan energy and climate change and green development which is something everyone can get around but we are going to see stand—offs and flashpoints and this is something the british would rather talk about, to china in this contest. —— context. brute rather talk about, to china in this contest. -- context.— rather talk about, to china in this contest. -- context. we were talking last week about _ contest. -- context. we were talking last week about the _ contest. -- context. we were talking last week about the summit - contest. -- context. we were talking last week about the summit and - contest. -- context. we were talking last week about the summit and this| last week about the summit and this was a counterbalance to the 620 but we have nowjust spoke about the south china sea and there are border tensions between china and india so there is an opportunity for the west to get in there and may be appealed to get in there and may be appealed to prime minister modi? —— may be appeal. to pri