U.S. – With several attacks now having taken place against U.S. diplomatic property, the government has put all embassies in Muslim-majority countries in a state of high-alert. Further demonstrations are expected following the conclusion of respective countries’ Friday Prayers. In the Egyptian capital, Cairo, police have resorted to dispersing around 500 protesters with tear gas, whilst securing the perimeter of the local embassy with barbed wire and concrete. Both the President of Egypt and Prime Minister of Libya have condemned the aggressive actions of protesters, whilst expressing disgust at the content of the U.S.-produced film that ignited the tension. The President’s own Muslim Brotherhood claimed that it would organise demonstrations, though none outside the U.S. embassy http://www.bbc.co.uk/news/
ARGENTINA – Tens of thousands across several major cities have taken part in rallies opposing the presidency of Cristina Fernandez de Kirchner. The President, who won a second-term re-election by a large margin last October, has since seen her approval rating decline sharply. Amongst other things, her critics accuse her of effectively creating multiple exchange rates, helping to produce an inflation rate of 25 per cent, and doing little to reduce high crime levels. http://www.euronews.com/2012/
JAPAN – A Cabinet panel convened to review national energy policy following the incident at Fukushima has concluded that Japan should seek to phase out nuclear power over the next three decades. In its place, the panel suggests, the country should increase its usage of renewable energy and sustainable fossil fuels. If the recommendations are to be followed, as some Japanese media sources suggest the government is set to do, this would be a reversal of a decades-long use of nuclear fuels by a resource-poor country which had recently relied on them for around a third of its power. http://www.taiwannews.com.tw/
PRC/JAPAN – In another round of East Asian territorial disputes, six Chinese ships have initiated a “patrol” of a group of islands claimed by both the PRC and Japan – with the latter reacting negatively to what it views as an incursion into its territorial waters. This follows an incident several weeks ago when a group of Japanese nationalists made landfall on the Senkaku/Diaoyu Islands before being removed by the coastguard. The rivalry between the two nations has produced claims of assaults upon Japanese citizens in several Chinese cities. http://news.iafrica.com/



The concept of BRIC has been around since early this century, but exploded into popular consciousness with the collapse of Lehman Brothers and the subsequent economic turmoil which has abated but not stopped. 


