By Guilherme Grandi Brazil's Vice President Geraldo Alckmin announced, on Thursday morning (25), that the National Bank of Economic and Social Development (BNDES) will implement a financing line of R$4 billion (US$790 million) for Brazilian exporting industries with interest at 7.5% per year, with a fixed rate in dollar and two years of grace. According […]
By Célio Yano The government announced on Thursday (25) a tax benefits program for automakers. The intention is to lower the cost of so-called popular cars and stimulate the production chain of the automotive sector. According to the vice president and Minister of Development, Industry, and Commerce, Geraldo Alckmin (PSB), the program will allow vehicle […]
A group of Xavante indigenous people is in Brasília on Thursday (25) to demand the release of the cacique José Acácio Sererê Xavante, imprisoned since December last year for allegedly inciting protests against the diplomacy of then President-elect Luiz Inácio Lula da Silva (PT) and Vice President Geraldo Alckmin (PSB). The indigenous people intend to […]
By Raylí Luján The pharmaceutical market in Venezuela has maintained a growth trend during the last five years, sustained mainly by nationally produced generic drugs amid the loss of purchasing power. A report on the national pharmaceutical industry released by the LETI group with the support of IQVIA showed an increase of 5.3% in the […]
By Juan Pablo Álvarez In the fourth month of the year, the number of people in unemployment insurance in Uruguay decreased by 10.4% concerning March, reaching 39,988 workers. This figure is the lowest in the last six and a half years. It also confirms the decreased number of workers in unemployment insurance registered since the […]
By Fátima Romero Foreign direct investment (FDI) in the Dominican Republic reached a record US$4.010 billion in 2022, representing an increase of 25.5% compared to the previous year. The data, provided by the Dominican Republic Export and Investment Center (ProDominicana) based on figures from the Central Bank (BCRD), mark the largest FDI inflow in the […]
By Laura Curtis, Ruth Liao, and Michael McDonald The severe drought affecting the Panama Canal is forcing container ships to lighten their loads and pay higher rates, with further costs of transporting goods through the canal expected this northern summer. Starting May 24, larger ships will have to reduce their draft (the depth at which […]
Three Russian banks decided to open branches in Cuba and have already submitted the necessary applications to the island’s Central Bank (BCC), said Boris Titov, Russia’s presidential commissioner for Entrepreneurs’ Rights. The opening of banking institutions also includes projects providing payment in rubles in the short term. In March, Cuban ATMs began accepting Russian MIR […]
By Michelly Teixeira International investment from Latin America reached record levels in 2022, some US$73.449 billion, 75% higher than a year earlier. Brazil, Mexico, and Chile have accounted for nearly 80% of the region's foreign direct investment (FDI) since the pandemic began, a percentage maintained last year. The conclusions are drawn from the Global LATAM […]
By Maolis Castro Copper is losing the gains accumulated during the beginning of this year. Weak data from China’s economy is sinking the price of the commodity. The three-month benchmark copper fell 2.6% to US$7,890.5 a tonne on the London Metal Exchange (LME), dropping below US$8,000 a tonne for the first time since the end […]
According to the latest World Bank data, Brazil holds the record for the highest amount of time its citizens spend working to meet their tax obligations. On average, Brazilians need to work 1,500 hours per year to cover their tax bills. Brazil leads the World Bank's rankings for the countries where citizens work the most […]
An innocuous video from Huy Dao, a Ho Chi Minh City entrepreneur, criticizing “unhelpful” college degrees like business administration stoked the ongoing discord between TikTok and the Vietnamese government. Dao’s video, initially posted last year, saw a resurgence this March during the college application season and spurred a trend of videos criticizing certain degree choices. […]
As Kirchnerism, the influential political movement in Argentina, hits its 20-year mark, it finds itself at a critical juncture for reinvention. Since its inception in 2003, the movement has been a key player in the national political scene, governing the country for 16 of these 20 years. It left a lasting impact, remembered for both […]
Nicaraguan President Daniel Ortega led the ceremony of delivery of the buses to the country’s transport cooperatives on Wednesday, May 24. During the event, held in the capital Managua and also attended by Vice President Rosario Murillo, Ortega said that the donation of the vehicles takes place “at a time when there in Russia, in […]
Seven Bank, a leading banking institution in Japan, has announced its intention to pioneer the nation’s first-ever facial recognition service for ATMs, according to a statement by President Masaaki Matsuhashi to Nikkei. The service launched as early as March 2024, will enable customers to carry out transactions like cash deposits and withdrawals across approximately 20,000 […]
Paraguay is willing to trade with China but without allowing itself to be pressured to break diplomatic relations with Taiwan, outgoing President Mario Abdo Benitez told the Qatar Economic Forum on Wednesday. Abdo Benitez explained that his successor, President-elect Santiago Peña, pledged to maintain the six-decade-old relations between Paraguay and Taiwan. China claims sovereignty over […]
By Rafael Vazquez The city of São Paulo presented inflation of 0.38% in the third quarter of May, according to the Consumer Price Index (CPI) calculated by the Foundation Institute for Economic Research (Fipe). In the reading for the same period in 2022, Fipe's IPC rose 0.76%. In the immediately preceding period, the second forecast […]
By Toni Sciarretta Bitcoin and Ether retreated on Thursday amid doubts about a deal to raise the US debt ceiling and pressure from the expiration of cryptocurrency options on Friday. With pessimism, chartist analysts see the possibility of Bitcoin testing the US$25,000 range before moving back toward US$30,000. Ayron Ferreira, a chief analyst at Titanium, […]
The federal government is expected to announce new measures to lower the prices of popular cars. Credit lines are expected to be offered to the factory sector, tax reductions, an increase in the Nationalization Index for Manufactured Goods, and a vehicle financing program. The expectation is that fewer taxes will be levied on the automotive […]
The government of Rio de Janeiro is drawing up a contingency plan to deal with the avian flu, H5N1. The first case of the disease was registered in the city of São João da Barra in the state's countryside. People who had contact with the infected bird were monitored and underwent tests with negative results, […]
A survey conducted by the Paraná Research Institute and released on Thursday, 25, indicates that the governor of São Paulo, Tarcísio de Freitas (Republican), is seen by 25.8% of the population as a political successor to former President Jair Bolsonaro (PL) if he becomes ineligible. According to the survey, former first lady Michelle Bolsonaro is […]
By Artur Piva The Ministry of Finance's projections foresees an 11% growth for Brazilian agriculture and cattle-raising in 2023. The folder released the data on Wednesday, 24. The growth of Brazilian agriculture and cattle-raising in 2023 is related to the increase in production. Conducted by the Brazilian Institute of Geography and Statistics (IBGE), the harvest […]
In a collaborative column for Estadão newspaper, published today, President Luiz Inácio Lula da Silva, commonly known as Lula, and Vice President Geraldo Alckmin depict their perspectives on a new industrialization era in Brazil. They articulate the need to halt deindustrialization, given its dire impact on job creation and the nation's GDP growth. Despite its […]
By Artur Piva While soccer has not given Brazil so much pride, a sport born in cattle breeding projects the country abroad. The world championship of bull riding. This year, Brazilian athletes dominated the first positions of the dispute. The dispute is organized by the Professional Bull Riders (PBR). The world final occurred on Monday, […]
Brazilian Minister of Mines and Energy Alexandre Silveira defended the oil exploration project at the mouth of the Amazon River by Petrobras in a meeting of the Senate Infrastructure Commission on Wednesday, May 24. For him, it is inadmissible not to "overcome mere bureaucratic issues" imposed by the Brazilian Institute of Environment and Water Resources […]