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Chinese President Xi Jinping hosted the 14th BRICS Summit via video link in Beijing. South African President Cyril Ramaphosa, Brazilian President Jair Bolsonaro, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi attended the summit. Li Tao/Xinhua via Getty Images

South Africa’s role as host of the BRICS summit is fraught with dangers. A guide to who is in the group, and why it exists

Geopolitics is forcing BRICS countries to balance respect for international law, self-determination, sovereignty and peaceful resolution of disputes with their friendly relations with Russia.
Fabrice Tourre, a former trader for Goldman Sachs, walks out of the United States Federal Court after being found liable for defrauding investors. AAP

Walking the line on GFC times

Echoes of the Global Financial Crisis resonate while debate continues on the best way of dealing with its consequences, including the actions taken by the Europeans and Americans to counter its effects…
The City has been plagued by financial disasters. Will the replacement of the Financial Services Authority with two new banking regulatory bodies be enough to stop the rot? AAP Pictures

After a long line of financial disasters, UK banks on regulatory change

If the UK Financial Services Authority (FSA) had been a dog, it would have been about 86 years old when it was put down on April Fool’s Day this year. Uncharitably, some say that the FSA, the lead regulator…
Nine CEO David Gyngell has secured a lifeline for the ailing television network. AAP

Debt deal saves Channel Nine — for now

Channel Nine is a station of two tales. The first is the positive story its viewers see: smiling in-house celebrities, reliable newsreaders, and blockbuster programs such as House Husbands, The Voice…
Can we afford to be laissez faire about amoral economic behaviour? Carrie Sloan

Oh, the morality: why ethics matters in economics

“Morally bankrupt” is how a recently departing Goldman Sachs executive described the culture of the investment bank. As noted in Business Day, this view “is common among the bank’s critics, many of whom…

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