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Cake day: June 10th, 2023

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  • Speaking at Bloomberg New Economy at B20 in Sao Paulo, US Trade Representative Katherine Tai said she “would encourage our friends in Brazil to look at the risks in today’s economy” through “an objectivity lens, through a risk management lens” and to “really think about what the best pathway is forward for more resilience in the Brazilian economy.”

    Any final decision is up to the Brazilian administration, and sovereignty is an aspect that the US government is trying to preserve in the world economy(!), Tai said Wednesday in an interview with Bloomberg’s Head of Economics and Government Stephanie Flanders.


  • In a landmark decision, the BRICS alliance welcomed 13 countries to participate as partner countries, according to a declaration at the recent summit. The countries joining the BRICS alliance as partners are Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan, and Vietnam.

    This collaboration aims to cultivate stronger economic ties and political alliances. Each new partner country will engage in selective BRICS activities, paving the way for potential full membership in the future. The precise implications of this status are under vigorous examination by both the existing BRICS members and the newly partnered nations.