New BRICS Bank branch to open up shop in Brazil. The underwhelming launch of 5G networks. And Brazil’s new coronavirus milestone.
Brazil HQ of BRICS Bank gets go-ahead
The Senate approved the creation of a Brazilian branch of the Shanghai-based New Development Bank — NDB, commonly known as the BRICS Bank — in São Paulo. The new office will serve as the bank’s headquarters in the Americas. The bank will also have a representation bureau in capital city Brasília.
Context. Created in 2014 during the 6th BRICS Summit, the NDB project aims at diminishing the infrastructure gap in emerging markets...