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The China Development Bank (CDB), one of the two banks of Chinese development, and Brazil's Petrobras today announced an agreement to open a credit line of 3,5 billion dollars for the oil company.

In a brief statement, without specifying the details of the agreement, Petrobras reported that "the parties confirmed the intention to develop a new partnership in the future."

MOSCOW -- Russia, holder of the world's fifth largest stash of foreign currencies, is increasing its gold purchases. One reason for this is the country's increasing wariness of the dollar and euro now that Russia has come under U.S. and European sanctions over the Ukraine crisis. Another reason is that these currencies are becoming increasingly risky to hold due to the swelling debts of the governments that back them.

It's hard to imagine the 21st century without millions of vehicles, any kind you can think of. Dozens of design companies, hundreds plants throughout the world are working night and day to make transportation for a modern man as comfortable, safe, and fast as it can get. Ask anyone, and they will be ready to name the most famous automotive concerns and the latest luxury models of "iron horses". However, not many really know where is the initial "incubator" for the professionals able to make their dreams come true - at first as a design drawing, and then as a powerful machine.

In a number of my articles I have explained that the Soviet Union served as a constraint on US power. The Soviet collapse unleashed the neoconservative drive for US world hegemony. Russia under Putin, China, and Iran are the only constraints on the neoconservative agenda.

The Russian National Committee for BRICS Studies will draft a new strategy for emerging world powers.

Out of all Russian foreign policy think tanks that focus on a variety of international issues, there is one that deals with a single but very acute topic. The National Committee on BRICS Studies was founded in 2011 and has since then been dealing exclusively with the Brazil, Russia, India, China and South Africa economic and political alliance.

Revision of the World Political and Economic Order Is Necessary – Roberto Unger

Prominent Brazilian politician, scientist and philosopher Dr. Roberto Mangabeira Unger answered the questions of VIGIL

VIGIL: Dr. Unger, what is your view of the perspectives of the BRICS (Brazil, Russia, India, China and the Republic of South Africa). What can be done by these countries to overcome the negative consequences of the world political-economic crisis?

It is no exaggeration to say that Russians were waiting for the first Tuesday after the first Monday in November 2012 with more interest than almost any other political events. On this day the United States was to choose the President, and for some reason most people were waiting for some wild intrigues of this process. However, there was no race neck to neck, as in the days of rivalry of George W. Bush and Albert Gore, when the struggle really was for every vote, and the election was almost routinely won by the President Barack Obama.

Brazil increased its military spending by 34% between 2011 and 2012. The number was released by the Ministry of Defence. Many of the resources were considered strategic programs such as the development of submarines for the Navy, fighter aircraft modernization and development of transport aircraft KC-390, which is not yet available. Other areas that received an injection of resources included updating aerial gunnery system and recovery of damaged equipment.

According to the report overall industry expenses were 3,250 million in 2011 and amounted to 4,350 million in 2012.

QUITO, ECUADOR (27/JUN/2013.) - Ecuador's government announced on Thursday that it waives tariff preferences it receives from the United States due to the pressures of the case of former U.S. spy Edward Snowden, who sought asylum at the South American country.

The communications secretary of the Presidency of Ecuador, Fernando Alvarado said Ecuador "does not accept pressure or threats from anyone, and does not trade the principles for the mercantile interests, however important they may be".

LONDON, GREAT BRITAIN (17/JUN/2013.) - Edward Snowden, responsible for the leaks of the secret surveillance programs in the U.S. currently in hiding in Hong Kong, told the British newspaper "The Guardian" that the government of his country can’t "stop the truth."

"All I can say now is that the U.S. government will not be able to cover imprisoning or murdering me. The truth is coming out and you can’t stop" said the former employee of the CIA and the U.S. National Security Agency ( NSA) in an interview session to the British newspaper.