International
IMF pulls out of Brazil after economy minister’s ire
AFP
The International Monetary Fund said Thursday it will close its Brazilian office, a day after receiving harsh criticism from Economy Minister Paulo Guedes over its forecasts for Latin America’s biggest economy.
The IMF said it would close its office in Brasilia when the current country representative’s mandate expires on June 30, 2022.
The move came after Guedes, far-right President Jair Bolsonaro’s ultra-liberal economy guru, said the IMF was overly pessimistic in its forecasts on Brazil and was no longer welcome.
“They can go take a walk,” he said Wednesday.
“They were here forecasting (Brazil’s economy) would contract by 9.7 percent (in 2020) and Britain’s would contract by four percent. In the end, we contracted by four percent, and Britain by 9.7 percent,” he said.
He also accused IMF officials in the country of being more interested in “football and feijoada” — a meat-and-bean stew that is one of Brazil’s most famous attractions — than in helping the economy.
The IMF opened its office in Brazil in 1999, when the country turned to the Washington institution for financing to help get out of an economic crisis.
That program ended in 2005.
The IMF said it had maintained the office to “facilitate dialogue,” but Guedes said that was no longer needed.
“They’ve been here long enough. There was a lot of imbalance in the relationship,” he said.
Guedes and Bolsonaro have been at pains to shore up confidence in Brazil’s recession-hit economy as the president heads toward elections next October with his popularity at an all-time low.
Bolsonaro has alarmed investors by maneuvering to break Brazil’s constitutional spending cap in order to fund big social spending, a move condemned as economic populism by critics.
Guedes insists the pessimism is unwarranted and that the Bolsonaro administration will leave a stronger economy than it inherited.
International
Trump floats Vance-Rubio potential Republican ticket for 2028 election
U.S. President Donald Trump suggested on Monday that Vice President JD Vance and Secretary of State Marco Rubiocould potentially form a Republican presidential ticket for the 2028 elections.
Speaking during a dinner with law enforcement officials as part of National Police Week, Trump publicly praised both officials and said they could make “an ideal team” for the next presidential race.
“Who likes JD Vance? Who likes Marco Rubio?” Trump asked attendees before adding that the pair “sound like a good combination.”
The president highlighted his vice president’s performance in office, stating that their current partnership has been highly effective. “JD is perfect, that has been a perfect formula,” Trump told reporters later.
He further suggested that a Vance-Rubio pairing could represent a strong presidential and vice-presidential ticket, although he stopped short of offering any formal endorsement.
“I think it sounds like a presidential candidate and a vice-presidential candidate,” he said, while clarifying that his remarks should not be interpreted as an official backing of any future campaign.
So far, neither Vance nor Rubio has publicly confirmed any intention to run in the 2028 presidential election.
Rubio previously sought the Republican nomination in 2016 but withdrew after losing the primary race to Trump. Later, in a December 2025 interview with Vanity Fair, he said he would be among the first to support Vance if he decided to run for the White House.
Vance, meanwhile, has recently dismissed speculation of any political rivalry with Rubio amid growing discussion about potential future GOP leadership.
International
Russia Accuses Ukraine of Violating Victory Day Truce
Russia accused Ukraine on Saturday of violating a Victory Day truce that was reportedly agreed with mediation from the United States, claiming that Ukrainian forces carried out attacks on Russian territory as well as on the annexed Crimean peninsula.
Despite the declared ceasefire, the Russian Ministry of Defense said in a statement that Ukrainian forces attacked Russian military positions using attack drones and artillery.
According to the ministry, Ukrainian forces made twelve attempts to advance toward Russian-held positions across several sectors of the front line.
It also alleged that Ukrainian strikes targeted civilian infrastructure in Crimea, several border regions, the Caucasus, and other areas including Moscow and Perm in the Ural region.
The Defense Ministry estimated around 8,900 violations of the ceasefire in total, including more than 7,000 drone attacks and over 1,000 strikes involving tanks, artillery, multiple rocket launch systems, and mortars since the truce came into effect at midnight.
Russia said its forces responded “symmetrically” to what it described as violations by Ukrainian troops.
Earlier, the Kremlin denied claims that Ukraine attempted to sabotage a military parade in Red Square marking the 81st anniversary of the Soviet victory over Nazi Germany in World War II.
“No attempts were made. Everything went well,” Kremlin spokesperson Dmitry Peskov told local media.
International
Trump Says U.S.-Iran Talks Progressing, Signals Possible Deal on Strait of Hormuz
U.S. President Donald Trump said Wednesday that Washington is holding “very good” talks with Iran and stated that there is a strong possibility of reaching an agreement to end the conflict and reopen the Strait of Hormuz.
“We’ve had very good conversations over the last 44 hours, and it’s very possible that we’ll reach an agreement,” Trump said during an event held in the Oval Office at the White House.
The president’s remarks came just hours after he announced a temporary suspension of the military operation aimed at escorting vessels stranded in the Persian Gulf due to Iran’s blockade of the strategic Strait of Hormuz.
Trump explained that the pause in operations is intended to facilitate diplomatic negotiations between both sides and prevent further military escalation in the region.
“We’re in good shape, and right now things are going well. Now we have to achieve what we need to achieve. If we don’t, we’ll have to go much further,” the Republican president warned.
In a post published on his social media platform Truth Social, Trump reiterated that if Iran accepts Washington’s proposed conditions, military operations and the naval blockade affecting the Islamic republic would come to an end.
However, he also issued a new warning to the Iranian government, stating that the United States would respond with attacks “of greater intensity” if Tehran rejects the agreement promoted by the White House.
Panama confirms drug contamination of El Salvador coffee shipment occurred on its territory
Trump floats Vance-Rubio potential Republican ticket for 2028 election
Russia Accuses Ukraine of Violating Victory Day Truce
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