Dilma Rousseff will head the group’s New Development Bank until the end of Brazil’s presidency in 2025
Former Brazilian head of state Dilma Rousseff has been named as the next president of the BRICS group’s New Development Bank after Brazil won the backing of its partners for the appointment on Friday.
The nominee was agreed by Brazil’s government, which is currently headed by Luiz Inacio Lula da Silva. Rousseff, who served as the president of Brazil between 2011 and 2016, will replace Brazilian diplomat Marcos Troyjo, who was appointed by the country’s previous leader Jair Bolsonaro.
Rousseff will hold the position until the end of the current Brazilian mandate in the bank’s management in 2025, and is expected to accompany President da Silva during his visit to China scheduled for March.
The BRICS nations – Brazil, Russia, India, China and South Africa – are working to develop their own financial infrastructure, including a joint payment network, with some member states having already switched to trade in local currencies in order to reduce dependence on the US dollar and euro.
The five BRICS economies currently account for more than 40% of the world’s population and nearly a quarter of global GDP.
https://www.rt.com/business/571321-brics-bank-brazil-dilma-rousseff/
This is Your President and the ultra rich & influential...smh😡🤬
Ambassador Andrey Kelin said Moscow would treat NATO soldiers on the ground as a security threat
Russia will treat the deployment of NATO troops to Ukraine as a threat to its security, Russian Ambassador to the UK Andrey Kelin has said.
The diplomat rejected plans by the so-called Coalition of the Willing to send “peacekeepers” to Ukraine after a ceasefire is reached with Russia.
“We will not allow [the deployment] of any NATO member state’s troops on the territory of Ukraine because it will be another line of attack against Russia,” Kelin said in an interview with Channel 4 News aired on Wednesday. “We understand that Ukraine wants guarantees. We also need guarantees,” he added.
The diplomat said the presence of foreign troops on Ukrainian soil would be unacceptable. Asked about a Financial Times report that Ukraine and its European backers had agreed to deploy Western troops in the event of a violation of a potential ceasefire, Kelin said such plans were “dead.”
Kelin...
The Washington Post, owned by Amazon founder Jeff Bezos, has begun a sweeping round of layoffs that will eliminate roughly one in three newsroom jobs, marking one of the most severe workforce reductions in the paper’s history.
Staff were informed on Wednesday that the cuts are part of what management described as a “broad strategic reset,” a move that will shutter entire departments, sharply reduce international coverage, and significantly restructure local and editorial operations.
Emails sent to employees on Wednesday morning indicated that about 300 of The Post’s roughly 800 journalists are expected to lose their jobs. Several staffers described the scale of the cuts as a “bloodbath.”
Employees were told they would be notified individually of their status and that those laid off would receive benefits through mid-April.
“These moves are painful,” Executive Editor Matt Murray said during a staff-wide call. “This is a tough day.”
Entire sections dismantled
According to Murray, the ...
