The US dollar’s status as the leading global currency is often scrutinized, with any slight decline seen as evidence of its impending downfall. However, the foundation of its dominance lies in global trade, making it challenging to shift the tide away from the dollar, writes Daniel Gros, Professor of Practice and Director of the Institute […]
Kenya and the European Union (EU) have signed an Economic Partnership Agreement (EPA) that includes measures to protect Kenya’s domestic market and counter China’s influence in East Africa. The agreement, ratified by President William Ruto, will gradually open Kenya’s markets over 25 years. The deal grants Kenya duty-free and quota-free access to the EU, its […]
Mocímboa da Praia in Mozambique is no longer a ghost town thanks to improved security, but hunger and food scarcity remain major challenges for residents. Despite the return of some individuals in search of livelihoods, the area's agricultural activities, particularly rice cultivation, are hindered by ongoing safety concerns. The lack of rainfall further worsens the […]
Brazilian President Lula da Silva has expressed his support for establishing a financing line to facilitate Brazilian exports to Argentina. During a joint press conference with Argentine President Alberto Fernández in Brasilia, Lula da Silva emphasized the need for comprehensive financing options to prevent Brazil from losing market share in Argentina to other countries. Lula […]
Mexico’s economic activity experienced a robust rebound in April, indicating a solid start to the second quarter. This positive performance was accompanied by decelerating inflation and a robust labor market. The Indicador Global de la Actividad Económica (IGAE), a key indicator for gross domestic product (GDP), recorded a 0.8% increase compared to the previous month. […]
The UN special rapporteur, Fionnuala Ní Aoláin, has emphasized the need for the United States to provide a judicial resolution and issue an apology for cases of torture at the Guantánamo prison. Ní Aoláin stated that torture was a betrayal of the rights of the victims of the 9/11 attacks and highlighted the importance of […]
The Argentine Minister of Economy, Sergio Massa, has signed bilateral agreements with Spain, France, and Sweden to refinance the country’s debt with the Paris Club, an international forum for creditor and debtor countries. The agreements aim to ensure the sustainability of Argentina’s external debt and support its economic recovery. According to the Treasury Palace, these […]
Torrential rains in central Chile since Thursday (22nd) have left thousands of Chileans isolated or affected by the severe weather conditions. The abnormal rainfall, attributed to unusually high temperatures in the Andes, has caused two deaths and left six people missing, according to authorities. This weather anomaly coincides with the start of the “Invierno Austral” […]
Volaris, the Mexican airline renowned for its affordable fares, has transformed air travel with the launch of its annual pass. This subscription offers passengers unlimited flights throughout the year on all company-operational routes, adopting an innovative "all you can fly" model. The most remarkable aspect is the price, as the pass is available for pre-sale […]
Four military police officers involved in the 2015 massacre in Fortaleza, Brazil, have been sentenced to a combined total of over a thousand years in prison. The killings, which occurred as an act of revenge for the death of a military policeman earlier that day, claimed the lives of eleven individuals. The trial, which lasted […]
A recent study by Instituto Escolhas reveals that gold mining in Brazil's Amazon region has witnessed a staggering growth of over 90% in eight years. The area dedicated to mining has expanded from 79,200 hectares in 2013 to 151,700 hectares in 2021. The report attributes this surge to a series of legal facilitations enacted over […]
Uruguay is set to receive a historic investment as HIF Global, a Chilean company, plans to invest nearly US$4 billion in green hydrogen production in the Paysandú region. The construction of the new plant is expected to start within the next one to one and a half years, with an estimated completion time of 30 […]
With 84% of the tally sheets processed, Sandra Torres and Bernardo Arévalo emerged as the top candidates in the first round of Guatemala’s elections on June 25. Preliminary results indicate that Torres, representing the National Unity of Hope Party (UNE), received 15% of the votes, while Arévalo, from the Seed Movement, secured 12.2%. Arévalo’s performance […]
The Government of Venezuela has initiated a meeting of ministers and high-level authorities from the Community of Latin American and Caribbean States (Celac) to enhance regional cooperation in science, technology, and innovation, announced Gabriela Jiménez, Venezuela’s Minister of Science and Technology. During the meeting, Venezuela aims to stimulate discussions on ethics in digital transformation and […]
Brazil's Consumer Confidence Index (ICC) has surged to its highest level since February 2019, according to the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV Ibre). In June, the index rose by 4.1 points, reaching 92.3 points, and displayed a consistent upward trend for the third consecutive month, averaging 89.1 points. The boost […]
Bitcoin (BTC) has sustained its position above US$30,000 as it nears the end of June, with an accumulated appreciation of approximately 12% for the month. Year-to-date, the cryptocurrency has surged by 82.5%, making it one of the top-performing assets in the first half of 2023. Despite low liquidity and individual investor dominance over the weekend, […]
Financial market analysts continue to revise their growth forecast for Brazil's Gross Domestic Product (GDP) in 2023 upward, according to the latest data from the Focus Report. This marks the seventh consecutive week of positive adjustments in the GDP forecast. Additionally, the report indicates a further decline in the inflation forecast. Analysts surveyed by the […]
By José Eli Salamacha* (Opinion) As the Brazilian Bar Association (OAB) commemorates its 93rd anniversary, its current president, Beto Simonetti, emphasizes its commitment to developing the state, society, and the democratic regime. The OAB has historically prioritized the defense of individual liberties and guarantees, such as the right to a fair trial and access to […]
Experts at the Energy Asia 2023 conference in Kuala Lumpur emphasized the enduring importance of fossil fuels, particularly oil, and gas, despite the growing optimism surrounding renewable energy and carbon emission reduction efforts. During the conference, industry specialist Daniel Yergin, Vice Chairman of S&P Global, highlighted that these hydrocarbons will continue to play a major […]
(Opinion) Back in March I warned my readers that welcoming the great ‘awokening’ of American politics may be more than a little over the top, but it was getting harder and harder to escape ‘wokeness’ wherever we looked. The perfectly positive usage - a person enlightened, well-informed, and politically aware - has been weaponized, another […]
Bom Retiro, located in São Paulo, is a vibrant district known for its diverse shops, cultural centers, religious institutions, and restaurants. Its clothing industry is a defining feature, but the neighborhood's history is rooted in immigration. In the late 19th century, Joaquim Egídio de Sousa Aranha divided his property to build homes for industrial workers. […]
The Bell 505 helicopter, seized from former President Alfredo Cristiani of El Salvador, could be integrated into the Air Force or the Police Force. Cristiani, who served as president from 1989 to 1994, has faced legal action for his alleged involvement in various crimes. This includes the intellectual authorship of the murders of six Jesuit […]
A recent survey conducted by Data Lello indicates a significant increase in condominium prices in the city of São Paulo. The study found that condominiums with over 300 units saw the highest price surge, averaging a 16% increase over one year. These figures pertain to the first four months of this year compared to the […]