
The world's leading oil-producing countries agreed on Sunday to continue with the gradual increase of output, 400,000 barrels per day, beginning August first, to help global economic recovery following the pandemic, according to a release from the group's meeting in Vienna.

The Chinese auto industry is penetrating Brazil. Automaker Great Wall Motors (GWM) reported that it has purchased the Mercedes-Benz car factory in Iracemápolis, Sao Paulo state, according to a report in the financial sector from the newspaper “O Globo” last Sunday.

A total of 32 countries began conducting military exercises in the Black Sea Monday, despite sharp criticism from Russia. The US and Ukraine are leading the “Sea Breeze” drills. They are scheduled to last for two weeks, according to the US military.

Russia reiterated this week its support for Latin American allies, mainly Cuba, Venezuela and Nicaragua given the standing “external threats,” stated Moscow's defence minister General Sergey Shoigu who underlined the historic links with the three countries.

US and Russia's Presidents Vladimir Putin and Joseph Biden have agreed that the two countries’ ambassadors will return to their workplaces in Moscow and in Washington in what became the most significant announcement after Wednesday's summit in Geneva.

The world will virtually stop Wednesday at least for five hours when US President Joseph Biden and his Russian counterpart Vladimir Putin meet in Geneva at a time when ties between the two countries are approaching Cold War lows.

Russia's intentions to install nuclear power plants in Argentina took a new step Monday as the Rosatom agency invited Argentine officials over to visit its floating plant in Siberia.

United States President Joseph Biden Monday called on his Russian colleague Vladimir Putin to step back from provocative actions during a news conference at the NATO headquarters in Brussels.

Brazilian corporation JBS, the world's biggest meat processors, paid a US$11 million bitcoin ransom to hackers to prevent any further disruption after a paralyzing cyberattack believed to have originated in Russia.

United States President Joe Biden and his wife Jill are expected to land on Air Force One at UK's RAF Mildenhall in Suffolk this Wednesday to kick off an eight-day trip to Europe, which includes meetings with Queen Elizabeth, PM Boris Johnson, and equally significant Russian president Vladimir Putin in Geneva.