The BRICS group created a Shanghai-based development bank and a reserve fund to finance infrastructure projects and head off future economic crises.
The problem is that there was no involvement of disaffected elements from primarily Russian-speaking communities in Eastern Ukraine in the talks that led to the announcement.
Transport grinds to a halt and schools close as thousands march through Athens in protest.
Madrid saw a massive show of support for miners who are protesting austerity moves by Spain's conservative government, which they say will completely destroy their hardscrabble livelihoods.
Dimitris Papadimoulis was re-elected as a deputy for Syriza, the left coalition in Greece, on May 6. He presents his analysis.
Jim Yong Kim, the Korean-American president of Dartmouth College picked to lead the World Bank by President Obama, was confirmed today by a vote of the institution's 25-member executive board.
Former IMF head Dominique Strauss-Kahn has been arrested and released again, this time in connection with a prostitution scandal.
After approving a controversial new bill, which guts minimum wage and public services, Athens erupted in flames as rioters filled the streets with their outrage.
"The thing doesn't end with salary cuts. It's the uncertainty of what will happen tomorrow, because each day they tell us something new."
There have been many demonstrations in Greece during the past two years since the government's solvency crisis began, but this past week surpassed all in terms of militancy and scale.