The municipal assemblies of Portugal and Cape Verde want to stop being the "poor relation" of the municipal power, to be more valued, have more visibility, and see their autonomy affirmed, said today in Praia official sources. The wish was expressed, in statements to the Lusa news agency, by the President of the Municipal Assembly […]
The consultancy Oxford Economics Africa said today that the rise in inflation in Angola in April compared to the previous month would accentuate in the second half of this year, although below the historically high levels of recent years. "Unlike most of the rest of the world, Angola recorded solid disinflation last year and lowered […]
Mozambique's electricity company (EDM) has already invested €1.7 million to restore the electricity grid in central Mozambique after the destruction caused two months ago by cyclone Freddy, the company said in a statement today. "Zambézia "was the province most affected by Cyclone Freddy, which left 275,004 customers in nine districts" without power, it said. Today […]
The President of Guinea-Bissau, Umaro Sissoco Embaló, asked Guinean leaders not to be deceived and to choose well, referring to the electoral campaign in progress for the legislative elections on June 4. "The traditional leaders are my eyes, ears, and mouth with the people because you are the ones who have the people," said Umaro […]
Brazilian President Luiz Inácio Lula da Silva's focus on foreign policy and his relentless schedule of foreign trips could distract him from tackling thorny domestic issues. Two high-ranking allies of the left-leaning president told Reuters. Their candid comments, made on condition of anonymity, point to growing unease in Lula's camp about his travel pace and […]
Faced with continued emigration, the Cuban regime announced Tuesday (16) a new migration policy. The move is intended to ease restrictions on citizens living abroad as the communist-led Caribbean island continues to struggle with an unprecedented exodus of migrants to the United States. The State Department said that passports for Cubans over 16 would now […]
The International Monetary Fund (IMF) "strongly" supports Brazil's efforts to improve the country's fiscal situation while praising the country's "ambitious agenda" for a sustainable, inclusive, and green economy. "Improving Brazil's fiscal framework, broadening the tax base, and eliminating spending rigidities would promote the country's sustainability and credibility," the head of an annual mission to Brazil, […]
Paraguay’s president-elect Santiago Peña will resume diplomatic relations with Venezuela after being sworn in in August. Peña is on a Mercosur trip to meet with the heads of state who will soon become his counterparts. After Brazil, he will meet with his counterparts in Uruguay and Argentina. “Restoring relations with Venezuela is a decision I […]
The increase in Argentina’s interest rate to 97% is a testament to the Argentine economy’s difficulties. It shows how difficult it is to balance a scenario of devaluation, inflation, and declining growth. After Zimbabwe, Argentina has the highest interest rate in the world. The 150% that the African country’s banks pay for the money deposited […]
The Salvadoran government recently celebrated 365 non-consecutive days without homicides, a fact it called unprecedented in Central American history. The “iron fist” strategy, as part of the “War on Gangs” and the emergency regime that the country has been implementing since March 2022, has led to the arrest of 68,500 people whom the authorities call […]
On Wednesday, the yuan depreciated to pass a key threshold of 7 units to the US dollar, the first time this year and a fresh sign that the world’s second-biggest economy is failing to recover after reopening. The currency depreciated in both onshore and offshore markets after data this week showed that factory output, retail […]
By order of the mayor of Lima, Rafael Lopez Aliaga, more than 1,000 policemen surrounded the historic district of Mesa Redonda to prevent the installation of more than 5,000 street vendors. The order, justified by the proliferation of fires, unleashed a protest by merchants who demanded not to be treated as “delinquents”. More than 1,000 […]
Jorge Macri, cousin of former President Mauricio Macri, and the Secretary of Health of the City of Buenos Aires, Fernán Quirós, appear as the candidates to win the October elections in the Autonomous City of Buenos Aires (CABA). The surprise could be the emergence of Ramiro Marra, a financial ‘youtuber’ sponsored by the economist Javier […]
Petrobras announced, on Wednesday morning (17), that it has identified the presence of hydrocarbons in a well being drilled in the Santos Basin, in the country's Southeast region, with potential for oil or natural gas exploration. The new reserve is a "remnant of the Pre-Salt" with "excellent quality," according to the company. "The well is […]
Latin America, known for its long history and culture, has yet to be spared of economic challenges in 2023. As we move deeper into this year, the region faces various issues that need resolving. Latin America stands to become an influential participant in foreign exchange markets, opening up different investment possibilities. This article will explore […]
The startup AmFi, which works with traditional digitized financial assets, is taking Brazilian tokenized debt products to foreign investors through the so-called "lending pools", blockchain structures with pre-standardized smart and legal contracts that enable investments in the digital assets segment. According to Paulo David, CEO of AmFi, the expectation is to move close to R$500 […]
By Anderson Scardoelli Soybeans should account for 30% of the Brazilian Gross Value of Production (GVP) of agriculture and cattle ranching in 2023. According to estimates released on Monday (15) by the Ministry of Agriculture and Cattle Raising (Mapa), the oily plant alone should be responsible for moving R$368.8 billion by the end of the […]
By Artur Piva Even with the first two cases of bird flu confirmed on Monday 15, the industry in Brazil remains free of the disease. The contaminations occurred in "migratory seabirds," as reported by the Brazilian Association of Animal Protein (Abpa). "It is important to reiterate that the situation was registered in two migratory seabirds, […]
The Ibovespa, the main index of the Brazilian Stock Exchange (B3), ended the session on Tuesday, 16, down 0.77%, at 108,000 points. The fall was driven by the devaluation of the shares of Magazine Luíza retailer (-22%) and the fear of the market concerning the change in the pricing policy of Petrobras. Magazine Luíza reported […]
By Anderson Scardoelli The website of the Folha de S.Paulo newspaper has published a report classifying as a "raid" the recent actions of Justice Alexandre de Moraes, of the Supreme Court (STF), against people close to former President Jair Bolsonaro. The report was published on Tuesday evening, 16. In the headline, the newspaper claims that […]
By Felipe Van Deursen Can you qualify how friendly and receptive a city is to foreigners? Measuring the happiness of these people in a territory that is not their own and taking into account such different issues as safety, communication in English, and treatment of minorities? And, in the end, put these subjective assessments together […]
By Fábio Galão A river that crosses Argentina and Chile is the subject of diplomatic embarrassment between the two countries. In late April, the Ministry of Foreign Affairs of the Gabriel Boric government sent a statement to the Argentines asking for explanations about the flow of the Vizcachas River, which has suffered a reduction on […]
By Alexandre Garcia* (Opinion) Today's big news is the new price of gasoline and diesel, which should drop 12%, and cooking gas, which could drop 21%. Let's see if Petrobras' accounts will stand up to this. Of course, as a fuel payer, I am satisfied. Still, I don't know if this keeps our state-owned company […]
The Cuban government announced today, Tuesday, the extension of the validity of national passports up to 10 years “as part of the periodic updating” of the Caribbean country’s migratory policy. The general director of Consular Affairs and Attention to Cubans Living Abroad of the Ministry of Foreign Affairs, Ernesto Soberón, also informed about eliminating the […]
Mexico’s economy has performed better than expected, but its expansion rate is still low, the Mexican Institute of Finance Executives (IMEF) estimated yesterday, Tuesday. The organization’s national president, José Domingo Figueroa, highlighted in a virtual press conference that IMEF members raised to 1.8 percent, from 1.5 percent, the forecast for the Mexican economy’s 2023 growth. […]