In the bustling metropolis of São Paulo, the real estate market is showing signs of robust growth, with property prices ascending across several key neighborhoods. This dynamic shift is highlighted in a recent study by QuintoAndar, which details the price variations within São Paulo. It compares them to similar trends in Rio de Janeiro and […]
In a day marked by mixed economic signals and internal corporate news, the Ibovespa index closed down slightly by 0.08% at 124,645 points, reflecting its third straight day of losses. This slight decline was influenced by various factors. These included financial results from Vale, pivotal decisions on Petrobras dividends, and fluctuating GDP figures from the […]
Brazilian President Luiz Inácio Lula da Silva, who started his term last year, aimed to revive South American unity, echoing his previous leadership goals. However, his plans to mend ideological and internal divisions faced substantial obstacles. Lula rallied 11 South American leaders in Brasília a year ago, reigniting discussions paused since the last Unasur/Unasul meeting […]
The European Commission has cut its forecast for 2024–25 wheat production to 120.2 million metric tons, marking a reduction from the initial estimate of 120.8 million metric tons. This latest projection is the lowest since 2020, reflecting significant changes in the agricultural landscape of the EU. These changes include a sharper-than-expected decrease in planting areas, […]
In a bold move to combat skyrocketing inflation, the Argentine Central Bank has reduced its benchmark interest rate from 70% to 60%. This decisive action marks the second 10-point rate cut this month, highlighting President Javier Milei’s aggressive strategy to stabilize the economy. With inflation climbing close to 300% annually, these cuts reflect growing confidence […]
Today, Petrobras announced a groundbreaking total shareholder payout for 2023 of R$94.35 billion ($18.32 billion). This included R$22 billion ($4.27 billion) in extraordinary dividends, setting a new record in their financial dealings. The company paid R$58.214 billion ($11.30 billion) in advances this year and proposed another R$36.139 billion ($7.01 billion) in extra dividends. Shareholders are […]
In the bustling first quarter of 2024, Angola saw a significant shift in its oil industry, exporting 94.4 million barrels of crude oil. This marked an 8.43% decrease from the previous quarter but showcased an 11.93% year-over-year increase. Despite fluctuations, the nation amassed $7.7 billion in revenue. Jose Barroso, Angola's State Secretary for Petroleum and […]
In a vibrant display of national pride, thousands flocked to Portugal's streets, celebrating the 50th anniversary of the April 25th Revolution. Lisbon's Praça do Comércio served as the focal point, where veterans of the 1974 coup showcased vintage military vehicles. The spirit of festivity spread across the nation, filling major city avenues like Lisbon’s Avenida […]
On May 4th, Rio de Janeiro's famous Copacabana beach will transform into a massive concert venue for Madonna. The city expects a record-breaking crowd of 1.5 million people, surpassing even its New Year's Eve gatherings. Everything is set for a smooth event from start to finish. The evening will start at 7 PM with DJ […]
Brazil’s football legend, Marta Vieira da Silva, has announced her upcoming retirement from the national team. This signifies the close of a transformative era in women’s soccer. Her career, ending after 2025, marks a key chapter in the sport. Marta, celebrated for her talent, leaves a legacy that extends beyond her six FIFA World Player […]
