Brazil open to host new US military base; hints President Jair Bolsonaro

Brazil open to host new US military base; hints President Jair Bolsonaro

Rio De Janeiro: Expressing concern over the participation of two Russian bombers in the military drill held in Venezuela, new Brazilian President Jair Bolsonaro indicated the possibility of hosting a new US military base in Brazil. Speaking about the consideration of a new base during an interview given to Brazilian media, President Jair Bolsonaro claimed […]

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Brazil to move its embassy to Jerusalem; Israel welcomes the announcement of new Brazilian President.

Brazil to move its embassy to Jerusalem; Israel welcomes the announcement of new Brazilian President.

Rio de Janeiro/ Jerusalem: “We promised in our election campaign to move the Brazilian embassy to Jerusalem, and we stand by it. We recognise Israel as a sovereign state, and everyone must respect that”, said Jair Bolsonaro, the new elected President of Brazil. He also confirmed of shortly moving their embassy to Jerusalem. After the U.S […]

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BRICS payment system will replace SWIFT in the non-Western world – Senior Russian leader claims

BRICS payment system will replace SWIFT in the non-Western world – Senior Russian leader claims

Moscow: The unipolar system has begun to collapse globally, and a new multipolar system is forming. In this new world away from the dominance of the Western world, the ‘payment system’ developed by the ‘BRICS’ group will replace the existing ‘SWIFT network’, claimed senior Russian leader Igor Morozov. Morozov is a senior parliamentarian of Russia […]

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Debt burden on global economy at $305 trillion – Institute of International Finance warns

Debt burden on global economy at $305 trillion – Institute of International Finance warns

Washington – The international study group, Institute of International Finance (IIF), has warned that the debt burden on the world economy has reached $305 trillion. The IIF pointed out that factors such as the increasing ageing population in developed countries, growing expenditure on the healthcare sector, additional provision for defence due to geopolitical tensions and […]

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Rise in Chinese influence in Latin America & the Caribbean, US Defense officials warn

Rise in Chinese influence in Latin America & the Caribbean, US Defense officials warn

Washington/Beijing – Senior officials of the US Defense Department warned that China’s influence in the Latin American Continent and the Caribbean island region, known as the US’s ‘backyard’, has been steadily increasing. It has come to light that this warning was given during the US Congressional hearing a few days ago. The Biden administration’s neglect […]

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India’s economic growth is being recognised across the world – Finance Minister Nirmala Sitharaman

India’s economic growth is being recognised across the world – Finance Minister Nirmala Sitharaman

New Delhi/Seoul – Economists have not agreed on whether there will be an economic recession this year. But there seems to be a consensus among economists that the Indian economy will progress the fastest. It is claimed that the supply chain crisis associated with manufacturing will also affect the economies of major countries worldwide. However, […]

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