The unemployment rate in Chile has recorded its eighth consecutive yearly increase, growing by 0.7% over the last year, though it remained steady at 8.5% for the April-June 2023 period, as reported by the National Statistics Institute (INE). The INE attributes this trend to the growth of the labor force (3%) outpacing that of employed […]
The tourism-related economy of Mexico witnessed a 7.3% annual growth in the first quarter of 2023, driven largely by the consumption and services availed by foreign visitors. The National Institute of Statistics and Geography (Inegi) reported this on Friday. The rise of the tourism sector’s Gross Domestic Product (GDP), as referred to by Inegi, is […]
As July comes to an end, Bitcoin is set to mark the month with an approximate 4% drop, marking it as the second month in the red following a near 7% retreat in May. However, Bitcoin, the largest of all cryptocurrencies, still boasts a 76% appreciation in 2023. A similar pattern has been witnessed in […]
The US dollar has seen a consistent fall in value, crossing the R$ 4.70 threshold during Friday's trading session. This drop has come amidst a general appreciation of most liquid currencies against the American dollar. The shift can be attributed to a correction from the previous day's movement and weaker than expected US economic data […]
By Filipe Figueiredo* (Analysis) Niger, the latest Sahel nation to experience a military coup, is currently witnessing an intensifying power struggle between France and Russia. The revolt was executed by the country’s presidential guard, leading to the arrest of President Mohamed Bazoum. This power shift comes as a result of Bazoum’s plan to dismiss General […]
Brazil's Minister of Agriculture and Livestock, Carlos Fávaro, during his official visit to Tokyo on Friday (28), expressed Brazil's intentions to "strengthen" bilateral relations with Japan. These remarks come in the context of Japan imposing trade sanctions on Brazilian states affected by avian flu. "Brazil is one of the few chicken producers free from avian […]
Israeli Prime Minister, Benjamin Netanyahu, has defended reducing the Supreme Court’s powers, insisting it does not harm Israeli democracy. The nation’s Parliament approved the first part of the judicial reform law on Monday (24th July 2023), prohibiting the Supreme Court from reviewing government decisions based on the “principle of reasonableness.” In an interview with American […]
Despite Brazil seeing the lowest level of formal job creation in the first half of the year since the onset of the pandemic in 2020, the country's unemployment rate exhibited a significant improvement. According to the Brazilian Institute of Geography and Statistics (IBGE), the unemployment rate dipped to 8% in the second quarter, marking a […]
By José Pio Martins* (Opinion) There are plentiful examples in global experience demonstrating that the government is efficient in the art of impoverishing the rich, but it’s not efficient in enriching the poor. The more money it takes from the population through increasing taxation, the more the government inflates the state apparatus and allocates more […]
The Rio de Janeiro city government has announced the sale of the iconic 22-story Joseph Gire building, also known as "A Noite" and back in the days the highest building in all of Latin America. This historic building, with breathtaking views of Rio's landmark Museum of Tomorrow, was previously home to the National Radio of […]
A Brazilian Armed Forces delegation and members of the Defense Products Secretariat (Seprod/Defense Ministry) officially embarked on a collaborative journey with Turkey following a visit to the Turkish defense company Baykar's industrial facilities on July 27th. Baykar is renowned globally for manufacturing advanced drones such as the stealth-capable Bayraktar Kizilelma and the Bayraktar TB-2/TB-3, which collectively […]
On Friday, Brazil's President Luiz Inácio Lula da Silva is set to meet Paraguay's President-elect Santiago Peña at the Alvorada Palace. This encounter marks their second bilateral meeting this year, following Peña's electoral victory in his home country. The primary agenda is the discussion of the Itaipu Binational Hydroelectric Plant treaty revision. After 50 years, […]
Even though the Lula administration attempted to claim credit for the improved rating, prominent Twitter users in Brazil made clear, that Jair Bolsonaro's government is responsible for Brazil's good standing and not Lula's. Twitter users added a contextual note to a tweet from Arthur Lira, President of the Chamber of Deputies, regarding Brazil's new credit […]
The Brazilian telecommunications sector, privatized 25 years ago, has seen a total investment of R$ 1 trillion (about US$210 billion), according to data from Conexis Brasil Digital. Since privatization in 1998, when Telebras was the sole provider of fixed lines, cable TV, and mobile telephony, the country has experienced significant growth in communication accessibility. From […]
Ecuadorian President, Guillermo Lasso, has reported that the nation is currently grappling with a critical phase due to the rising threat from organized crime syndicates. He made this statement amid a recent surge in street and prison violence caused by these groups. Lasso stated, “Organized crime has assaulted the rule of law, leading to the […]
According to Gabriel Yorio, the Undersecretary of the Treasury, Mexico’s economy has the potential to achieve over 3% growth in 2023, with no current signs of an impending recession. This statement was made during the presentation of the “Reports on the Economic Situation, Public Finances, and Public Debt for the Second Quarter of 2023”. Mexico’s […]
The Argentine government reaffirmed its objection to the UK’s control over the Falkland Islands (Malvinas Islands), stating that reclaiming sovereignty over this South Atlantic archipelago is deeply ingrained in every Argentine’s essence. Argentine Foreign Minister, Santiago Cafiero, showcased the government’s stance at the international exhibit held at the “Tecnópolis” fairgrounds by the Foreign Ministry, emphasizing […]
In 2022, Chile recorded a historic low in poverty levels since the initiation of records in 1987, with a drop to 6.5% from 10.7% in 2020. This data comes from the preliminary findings of the 2022 National Socioeconomic Characterization Survey (Casen) as published by the Ministry of Social Development and Family. The Ministry’s report noted […]
NASA Administrator Bill Nelson revealed on Thursday, during his visit to Argentina, that the US space agency is planning a mission to send humans to the dark side of the Moon. This mission aims to test new technologies, which could be instrumental in preparing for a future journey to Mars. “We are planning to visit […]
NASA’s Administrator, Bill Nelson, was recently on a diplomatic tour, visiting South American countries to foster stronger cooperation in space exploration initiatives. During his visit to Buenos Aires, Nelson announced Argentina’s decision to become the 28th nation to join the Artemis Accords, a space cooperation initiative developed in 2020 to foster international collaboration. This declaration […]