Rwanda’s ambitious plan to establish itself as a gold refining hub has encountered significant challenges, leading to a joint venture project’s suspension and subsequent legal disputes. The Aldango gold refinery, a partnership between Aldabra and Rwandan government-owned Ngali Mining, began operations in June 2019. However, in January 2021, Rwandan officials revoked Aldango’s export license and made […]
Australia and Timor-Leste (East Timor) are entering a new phase of their bilateral relations, focused on collaboration and shaping a shared future. Penny Wong, an Australian government official, visited Timor-Leste to emphasize the desire to move beyond past differences. The friendship between the two countries, established since Timor-Leste's independence, serves as a strong foundation for […]
Angola's National Consumer Price Index (IPCN) shows a consistent upward trend, with a year-on-year increase of 0.63 percentage points, bringing the inflation rate to 11.25%. Transportation and healthcare costs are particularly burdensome for Angolans. The latest IPCN report for June 2023 reveals a 0.57 percentage point acceleration in the current variation compared to the same […]
Venezuela’s recent declaration to reject the presence of a European electoral mission in its forthcoming elections has sparked discussions and raised concerns over the country’s stance on international involvement in its democratic processes. According to Jorge Rodríguez, the president of the National Assembly, the decision stems from what is perceived as meddling by members of […]
Speaking virtually from the Barbadillo prison, where he is serving 18 months of preventive detention for what is called a failed self-coup attempt, Castillo made these remarks while a rights protection appeal presented by his defense was being analyzed. Castillo accused the Prosecutor’s Office of colluding with the Congress and the de facto government, alleging […]
Chile witnessed a significant rise in homicides in 2022, reaching a rate of 6.7 per 100,000 inhabitants, as reported by the Interior Ministry. The recorded number of homicides exceeded the 2018 figure, totaling 1,322 cases. Manuel Monsalve, the Undersecretary of the Interior, acknowledged the need to reverse this trend that has persisted for the past […]
The government of Nicaragua has responded to the recent ruling by the International Court of Justice regarding the maritime dispute with Colombia. The dispute involves the delimitation of Nicaragua’s continental shelf in the Caribbean, particularly in relation to Colombia’s archipelago of San Andres, Providencia, and Santa Catalina. The Court ruled in favor of Colombia, stating […]
Thailand’s parliament failed to secure a prime minister in the recent vote as Move Forward Party leader Pita Limjaroenrat fell short of the required 375 votes. Pita’s coalition plans to nominate him again in the next round of voting on July 19. No challenger was put forward by conservative parties. Pita received 324 votes from […]
China’s long-held position as the primary exporter of goods to the United States is being challenged by Mexico and Canada amid strained trade relations. Recent data reveals that China likely lost its top exporter status to these countries in the first half of 2023, marking the first time in 15 years. From January to May, […]
Wheat plantings in Argentina are projected to cover an area of 5.4 million hectares, falling short by 200,000 hectares compared to earlier estimates in June. The Rosario Stock Exchange reports that wheat production is now expected to reach 15.6 million tons. Recent rainfall has provided a much-needed boost to planting in La Pampa and Buenos […]
Latin America holds a significant share of global lithium resources, with Argentina, Bolivia, and Chile forming a key triangle for lithium production. However, Bolivia's production remains low, while Chile demonstrates maturity, and Argentina progresses steadily. Four countries, including two from Latin America, account for over 96% of global lithium production: Australia: 55,300 tons Chile: 28,300 […]
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), experienced an US$11 billion loss in its investments in 2022. The decline in global stock and bond prices negatively impacted the fund’s holdings, contrasting with its US$19 billion profit in 2021 when markets recovered from the pandemic. Despite not disclosing the shareholder returns for 2022, […]
The dollar has defied predictions of a prolonged downturn since at least the start of the year. Now, however, top managers say the U.S. currency's rally is in its final days. The weakening of the dollar is attributed to the approach of peak interest rates in the United States and the impact of the Federal […]
According to Security Secretary Gustavo Sanchez, the police forces have successfully dismantled 176 criminal gangs this year. These operations were carried out under the partial state of exception declared on December 6. As a result, the Police Directorate of Maras and Gangs against Organized Crime arrested 1,273 individuals. The arrested individuals are primarily charged with […]
Mexico and Brazil have announced their membership in the Central Institute for Nuclear Research (JINR) in Dubná, located approximately 100 kilometers north of Moscow. This decision sets an example for other Latin American countries, including Argentina and Chile, to potentially follow suit. Grigori Trúbnikov, the director of JINR, made this declaration during a speech at […]
Brazil, a significant player in global agriculture, has projected a 17% growth in its harvest for 2023 compared to the previous year, aiming to achieve another record-breaking harvest. According to official data from the Brazilian Institute of Statistics and Geography (IBGE), the country expects to produce 307 million tons of grains this year, an increase […]
A recent extratropical cyclone has resulted in damage and power outages in several cities in the southern region of Brazil. Official sources have reported that the cyclone's heavy rains and strong winds have caused havoc in approximately 30 cities in Rio Grande do Sul, leaving around 400,000 people without electricity. The state of Santa Catarina […]
The International Court of Justice (ICJ) ruled on a crucial decision on a territorial conflict between Colombia and Nicaragua. The (ICJ) decided on Wednesday that Nicaragua cannot extend its continental shelf beyond the 200 nautical miles that delimit its maritime border with Colombia. Nicaragua seeks to extend its continental shelf beyond the internationally recognized 200-nautical […]
Brazil, Argentina, and Guyana are emerging as key players in the global energy landscape, writes the Economist in its latest report. In Guyana, offshore oil extraction is transforming the fortunes of the country, with vast reserves of crude oil discovered by ExxonMobil. By 2028, Guyana could become one of the world's top 20 oil producers. […]
The Indian government, led by Prime Minister Narendra Modi, aims to raise US$6.23 billion through privatization by 2023. This initiative is intended to address the fiscal deficit and fund vital public works projects, particularly the expansion of water infrastructure to increase access to drinking water. India is transitioning to a market economy, reducing direct state […]
Environmental activists belonging to the group Letzte Generation (Last Generation) caused disruptions at Hamburg and Dusseldorf airports in Germany. The activists breached security perimeters and positioned themselves on the runways, leading to a temporary suspension of air traffic for safety reasons. The protest coincided with the start of summer vacations in Hamburg. While airport authorities […]
The European Parliament has approved a resolution condemning human rights violations in Cuba and has called on the European Union (EU) to impose sanctions on those responsible for the repression in the country, including Cuban dictator Miguel Díaz-Canel. The resolution received 359 votes in favor, 226 against, and 50 abstentions following a plenary session debate […]
The Peruvian Government has announced a 30-day extension of the state of emergency on major national highways in response to planned anti-government protests. The Prime Minister of Peru, Alberto Otárola, stated that the measure aims to ensure unhindered movement during the upcoming week, despite scheduled marches on Wednesday. The affected areas include the Corredor Vial […]
Chinese Prime Minister Li Qiang recently met with executives from prominent Chinese technology companies, emphasizing the sector’s importance in job creation and promoting innovation. This move indicates China’s government’s intention to support the technology industry. Executives from companies like Meituan and Alibaba attended the meeting, where Li highlighted the sector’s significance for the Chinese labor […]
Industrial production showed positive growth in May across 10 out of 15 surveyed locations in Brazil, according to the Regional Monthly Industrial Survey (PIM Regional) released by the Brazilian Institute of Geography and Statistics (IBGE). The overall growth of the Brazilian industry was 0.3% compared to April. The largest increases were observed in Amazonas (12.8%), […]