Russia and China Spearhead BRICS Development Bank

A BRICS Development Bank will be launched this coming week, and expected to become operational in 2016. The new global banking organization will largely be bankrolled by Russia, China and India, three of the five BRICS nations, the other two being Brazil and South Africa. The organization is being developed largely as an alternative to…

China bans Xinjiang Muslims from Ramadan Fast

In another development to the rapidly deteriorating relations between the ethnic Uighur population and Chinese authorities,¬†government departments in Xinjiang have banned Muslim staff from fasting during the month of Ramadan.¬†Authorities did not provide a rationale for the ban, citing only that the ban was enacted “in accordance with instructions from higher authorities.” Officials have consistently…