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«The Rio Times»
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2023

Новости за 07.06.2023

Egypt open for experience sharing and enhanced bilateral cooperation with Angola – El-Sisi

«The Rio Times» 

Egyptian President Abdel Fattah El-Sisi announced today in Luanda that Egypt is poised to share experiences and bolster bilateral cooperation with Angola across various economic, commercial, and cultural sectors, highlighting investment opportunities for both countries. "We stand ready to collaborate with our brothers in Angola, bolstering our Egyptian investors who have already initiated their investments […]

Opening of Serra do Teixeira National Park marks a milestone in Paraíba, Brazil

«The Rio Times» 

The Serra do Teixeira National Park, the first national park in the Brazilian state of Paraíba, was officially inaugurated on Tuesday (6). Encompassing around 61,095 hectares, the park includes twelve municipalities and aims to preserve biodiversity, foster ecotourism, and facilitate nature-oriented recreational activities. Bernardo Brito, the Deputy Director of Management and Creation of Protected Areas […]

Brazilian banking giant Itaú Unibanco seeks exit from Argentina

«The Rio Times» 

Itaú Unibanco, a top-tier private bank from Brazil, is considering the sale of its Argentine branch and has entered preliminary talks with Banco Macro. On Tuesday (6), Itaú Unibanco issued a statement addressing recent reports regarding the potential sale, noting that it has not yet signed any binding agreements pertaining to the process. Banco Macro, […]

Paraguay poised for highest economic growth in South America, World Bank reports

«The Rio Times» 

In its latest “World Economic” report, the World Bank predicts Paraguay will achieve a robust economic growth of 4.8 percent for the current year. The forecasts for 2024 and 2025 are also promising, with an anticipated growth rate of 4.3 percent. This growth projection places Paraguay, a landlocked nation in South America, at the forefront […]

Brazilian companies make less profit and reduce investments

«The Rio Times» 

The financial situation of companies is hindering investments, which had a 3.4% drop in the first quarter compared to the previous three months. The data are from IBGE. Alexandre Maluf and Rodolfo Margato, economists at XP Investimentos, point out that companies are more indebted. The situation has worsened over the last 12 months. A study […]

Ecuador witnesses decline in year-on-year inflation in May, settles at 1.97%

«The Rio Times» 

Ecuador’s inflation rate in May 2023 exhibited a marginal rise over April, resulting in a monthly inflation rate of 0.09%. In comparison, the year-on-year inflation for May stood at 1.97%, significantly lower than the 3.38% recorded in the same month of 2022. This marks the lowest annual inflation since the close of 2021. As for […]

World Bank raises GDP forecast for Brazil to 1.2% in 2023

«The Rio Times» 

The World Bank has raised its forecast for Brazil's GDP (Gross Domestic Product) growth from 0.8% to 1.2% in 2023. The projection is included in the Global Economic Prospects report, released Tuesday (June 6, 2023). Despite the improvement in 2023, the World Bank reduced, from 2% to 1.4%, the growth projections for the Brazilian economy […]



Has Messi turned down a highly lucrative Saudi offer to join Beckham’s Inter Miami?

«The Rio Times» 

Reports have emerged suggesting that Lionel Messi is set to join Inter Miami, a Major League Soccer (MLS) club owned by David Beckham and the Mas family. These reports indicate that Messi rejected an enticing Saudi offer, which included a substantial annual salary of US$400 million. According to The Athletic, Messi was proposed a deal […]

El Salvador’s Parliament reduces to 60 the number of the current 84 deputies

«The Rio Times» 

El Salvador’s Legislative Assembly has voted overwhelmingly in favor of reforms to the Electoral Code, reducing the number of deputies from 84 to 60. The proposal, originally put forth by President Nayib Bukele on June 1, was approved early on June 7. Marcela Pineda, a deputy from the governing party Nuevas Ideas, argued that this […]

Transformation of Brazil’s countryside: the story of soy towns

«The Rio Times» 

39 years ago, Sadi José Beledelli, a farmer from Rio Grande do Sul, made a pivotal move to Sorriso, a small town in Mato Grosso. Back then, the municipality had merely 2,000 inhabitants, unpaved roads, a handful of grocery stores, and scarce workshops. Public health services were a dream three years in the future. Today, […]

Brazil breaks chicken meat production record

«The Rio Times» 

The numbers from the Brazilian Institute of Geography and Statistics (IBGE) show that Brazil broke its record for chicken meat production in the first quarter of 2023. There were 3.4 million tons of this food. The average weight was around 2 kilos per animal. The IBGE released the data on Tuesday, 6. Brazil is in […]

The wealthiest man in Brazil seeks US$500 million for startups

«The Rio Times» 

At 41 years of age, Eduardo Saverin, from São Paulo, has overtaken the Safra family and become the richest person in Brazil. The origin of his wealth, estimated at US$17.6 billion, is on the Harvard University campus: it was there that he created, together with Mark Zuckerberg, Facebook. According to Forbes, this makes him a […]

Annual report reveals 86 oil spills in Venezuela in 2022

«The Rio Times» 

The Observatory of Political Ecology (OEP) released its annual report on Tuesday (6), stating that Venezuela experienced 86 oil spills in 2022, averaging seven monthly incidents across seven states. These spills, compiled from social media and local press reports, transpired in the states of Zulia (31), Falcón (29), Anzoátegui (14), Monagas (5), Carabobo (3), Delta […]

Brazil and Venezuela seek Intelligence collaboration amid concerns

«The Rio Times» 

After the recent visit of Venezuelan President Nicolás Maduro to his Brazilian counterpart, Luiz Inácio Lula da Silva, a joint declaration outlined several objectives to rekindle the relationship between the two nations. Among the proposals is an aim to intensify the coordination between their intelligence agencies and enhance information networks. This commitment has sparked apprehension, […]

Iranian leader to visit Venezuela, Nicaragua and Cuba

«The Rio Times» 

The IRNA news agency reported that Iranian President Ebrahim Raisi plans to visit Venezuela, Nicaragua, and Cuba next week to strengthen friendly relations with these countries. “Leading a high-ranking delegation, Raisi will leave Tehran on Sunday [June 11] to begin his tour of the countries above to enhance economic, political, and scientific cooperation with them,” […]

Opinion: Lula is expected to have a mature government, not Maduro’s

«The Rio Times» 

By Demóstenes Torres* (Opinion) The bus driver migrated some time ago, but he still retains his accent and the nostalgia for his homeland and his job as an engineer at Petróleos de Venezuela, PDVSA. He pays almost half of what he earns driving 14 hours daily in Goiânia's traffic. Even so, he says he is […]

Mexican Army to carry out joint exercises with France’s Jeanne d’Arc mission

«The Rio Times» 

By José A. Quevedo The Mexican Army will conduct joint exercises with a French ground unit as part of the visit of the Jeanne D'Arc 2023 mission to Mexico. On board the amphibious helicopter carrier (PHA) Dixmunde is the French Army's Embarked Tactical Grouping (GTE). This is the first time that the armies of Mexico […]

Brazil’s inflation slows down in May to 0.23% with drop in transports

«The Rio Times» 

The Broad Consumer Price Index (IPCA), used to calculate Brazil's official inflation, slowed down in May to 0.23%, below the 0.61% registered in April, according to IBGE data released on Wednesday (7). With this, the index accumulated 2.95% this year and 3.94% in the accumulated 12 months. According to IBGE, the largest drops occurred in […]

Lasso highlights reduction in violence and crime in Ecuador

«The Rio Times» 

The president of Ecuador, Guillermo Lasso, said yesterday that the country had reduced levels of violence thanks to law enforcement operations focused on coastal provinces plagued by criminal gangs linked to drug trafficking. “I know it is not enough, but we are making progress; we are achieving it: defeating crime day by day,” said Lasso […]

Commerce in Chile accounts for 10% of GDP and 19% of employment, says trade association

«The Rio Times» 

Commerce in Chile represents 10 percent of the country’s Gross Domestic Product (GDP) and 19 percent of national employment, the Santiago Chamber of Commerce (CCS) said in a report on National Commerce Day. According to the CCS, Chile’s retail trade sector employs 1.5 million workers, while its sales amounted to some US$100 billion in the […]

Bone remains found in possible clandestine military cemetery in Uruguay

«The Rio Times» 

Human skeletal remains were found in Uruguay in a military property where bodies of opponents of the dictatorship (1973-1985) are suspected of having been buried on the outskirts of Montevideo, the government confirmed yesterday. The Minister of National Defense, Javier García, told the press after inspecting the site of the 14th Infantry Battalion in Toledo, […]

Chile approves law that will sanction adulteration in wine production

«The Rio Times» 

The Chilean Congress approved on Tuesday a bill that will sanction those who adulterate wine production, a country that is one of the most important wine producers in the world, informed the Ministry of Agriculture of the southern nation. “This law prohibits a real counterfeit, a trap that is using table grapes with vinified grapes, […]

Two bodies found in northern Chile were buried alive

«The Rio Times» 

Two corpses of foreigners found in northern Chile correspond to people buried alive, the Chilean justice system determined after releasing details of the case on Tuesday amid the security crisis affecting the South American nation. The Chilean Prosecutor’s Office stated that the two bodies were found twelve days ago in Cerro Chuño, in the desert […]





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