The bilateral relationship between India and Brazil has seen marked development, reaching US$15.1 billion in 2022. This progress is attributed to combined diplomatic efforts to strengthen their mutual ties, recognizing Brazil’s potential as a strategic partner in the Global South, a group of developing nations striving for a greater role in global decisions. Multilateral collaborations […]
Following the transition to Luiz Inácio Lula da Silva's presidency, a national increase of 12% in gasoline prices has been recorded. Seven states have experienced a surge exceeding 15%, with Amazonas seeing the highest rise of 25%, bringing the cost per liter to R$6.30 (US$1.26 per liter or US$4.76 per gallon). Other significantly affected states […]
Incoming Paraguayan President Santiago Peña expressed his desire for Brazil to grant access to its records pertaining to the historical conflict between the two countries. He also expressed interest in repatriating Paraguayan military artifacts currently housed in various Brazilian museums, as Folha de S.Paulo newspaper reported. Peña, an economist who has previously served at the […]
The manufacturing industry in the country has seen a decline in its contribution to the national GDP from 36% in 1985 to 11% in the first quarter of the year, as per data from the Brazilian Institute of Geography and Statistics. Similarly, employment rates within the industry have also declined. Industrial production has decreased by […]
The first six months of 2023 saw a significant rise of 75.7% in car exports from China, as the China Association of Automobile Manufacturers (CAAM) reported. In this period, China exported a total of 2.14 million vehicles, with electric cars accounting for about 534,000 units. This shows a 160% increase in overseas electric car sales […]
A significant gathering of African leaders has recently taken place in Nairobi, Kenya, for the fifth biannual African Union (AU) coordination summit. The primary focus of this summit is to fast-track efforts for achieving complete continental integration. AU Commission Chairperson Moussa Faki Mahamat accentuated the necessity of a joint approach to tackle the emergent issues […]
The Venezuelan state-run oil company, Petróleos de Venezuela S.A. (PDVSA), experienced a 10.5% increase in oil production during the second quarter of 2023 compared to the first quarter, as per a report from the Organization of Petroleum Exporting Countries (OPEC). According to official figures from PDVSA, the company averaged 808,000 barrels of oil per day […]
With the failed peace negotiations between the Ethiopian government and the Oromo Liberation Army (OLA), various opinions and stances have emerged regarding future interactions with the Abiy administration. The OLA, viewed as an illegal offshoot of the Oromo Liberation Front (OLF), claims that the federal authorities have initiated new offensives against them in the wake […]
The Silk Road Samarkand Tourist Complex in Uzbekistan, constructed for US$580 million, symbolizes the nation’s ambitious aim to attract a significant increase in tourism. The complex, a new addition to the historic city of Samarkand on the ancient Silk Road, houses eight luxury hotels, 35 restaurants, a conference center, and other amenities designed for vacationers […]