The Montevideo Port in Uruguay achieved a new record in container movement, surpassing 60,000 during July 2023. According to Juan Curbelo, the president of the National Port Administration, this is related to the sustained growth recently, and he noted that 2022 was a record year with 1,080,000 TEUs. In 2023, the historical figure from 2022 […]
A member of Zimbabwe’s opposition party, Coalition of Citizens for Change (CCC), was killed today while on his way to a rally in Harare. The attack was reportedly carried out by alleged thugs of the ruling party, ZANU-PF, who assaulted and stoned members peacefully attending an electoral event. The victim, identified as Tinashe Chitsunge, was […]
Uruguay’s annual inflation rate was 4.79% in July, within the government’s target range of 3% to 6%. According to the latest report from the National Institute of Statistics (INE), the monthly variation in July was -0.36%, and the cumulative variation for the year is 3.40%. Compared to July 2022, inflation dropped from 9.56% to 4.79%. […]
According to Economy Minister Alex Contreras, Peru’s government has allocated approximately 4,000 million soles (US$1.1 billion) in preparation for the anticipated coastal El Niño phenomenon expected later this year, possibly increasing the budget to 5,000 million soles. A previous occurrence of El Niño in May caused a 1.4% drop in Peru’s GDP, and there remains […]
Recently, Kazakh customs seized drones from Kyrgyzstan that originated from China, causing concern in the US over Kyrgyzstan’s potential role in bypassing sanctions against Russia. The discovered 14 DJI Agras T-30 drones were bound for Russia, and lacking proper permits, were confiscated and auctioned off. The incident has sharpened the focus on Kyrgyzstan. The Central […]
Last year, Sri Lanka faced its worst economic crisis in over 70 years, leading to riots, shortages, and domestic strife. The crisis was aggravated by significant foreign debt owed to Chinese creditors due to heavy borrowing during the civil war. China had been increasing its influence on the island nation, challenging India’s traditional sphere of […]
Mozambique's state revenue grew 8.8% in the first quarter, reaching 65.054 billion meticais (931 million euros). This growth was primarily driven by a 3.1% increase in collected taxes, as stated in the official data. The sum equals 18.6% of the total anticipated current revenue for 2023, set at nearly 349.113 billion meticais (5 billion euros). […]
Tourism in Cape Verde showed a significant recovery in 2022, with a 481.5% increase, reaching a total of 785,272 visitors, according to the central bank's annual report. This growth marked a return to pre-pandemic levels and was notably stronger than the global tourism sector's performance, which saw a decline of 34% in the same year. […]
The current situation in the Angolan diamond market is facing challenges, as described by José Ganga Júnior, the president of the state-owned diamond company Endiama. He stated that diamond prices have dropped substantially, indicating a decline in market conditions. The goals for this year are set at around 10 million carats, and while companies continue […]
The unofficial dollar rate, known as the “blue dollar,” reached a new nominal record of US$566 for purchase and US$571 for sale in Buenos Aires, a rise of US$11 compared to the previous close. This increase pushed the gap with the official exchange rate above 104%. The dollar’s latest jumps come after a nearly 11% […]
In June 2023, Colombian exports amounted to US$3.986 billion, marking a 27.5% decline compared to June 2022, according to data from Dane and Dian. This decline was primarily due to a 38.9% drop in external sales from fuels and products of extractive industries. These exports accounted for 50.3% of the total value, followed by manufactures […]
The Prosecution Office of Costa Rica has initiated an investigation into President Rodrigo Chaves and several government members over alleged influence trafficking. The investigation comes after businessman Leonel Baruch filed a complaint. Baruch’s complaint centers on a legal dispute with his ex-wife, Yafit Ohana, over the custody of their children. He claims that Chaves and […]
Saudi Arabia announced on Thursday that it will extend the country’s reduction in oil production by 1 million barrels per day until September. The country had already cut local production in July and does not rule out extending the cut period, according to Saudi Arabia’s state news agency, “Spa.” The decision was made unilaterally by […]
This Thursday morning, the spot dollar was soaring against the Brazilian real, part of a global trend in strengthening the American currency, which is particularly affecting Latin American currencies. In addition to external factors, the recent decision by the Monetary Policy Committee (Copom) might be influencing the local exchange rate. As of 11:05 AM, the […]
In the first seven months of 2023, the agricultural sector was the only area in Brazil to see a growth in export revenue. The international market earnings for the period closed at nearly US$50 billion, a 6% increase compared to the same period in 2022. While agricultural exports grew by almost US$3 billion, revenues from […]
Brazil's President Luiz Inácio Lula da Silva has spoken in favor of expanding BRICS, a coalition presently composed of Brazil, Russia, India, China, and South Africa, to include Saudi Arabia, Argentina, and possibly the United Arab Emirates. As reported by local outlets, he made these comments during a breakfast meeting with foreign correspondents at the […]
The Brazilian Amazon lost 7,952 square kilometers of vegetation between August 2022 and July 2023, a decline of 7% compared to the previous twelve months. This reduction is attributed to enforcement actions implemented by the government of Luiz Inácio Lula da Silva, the government announced on Thursday. These enforcement actions include increased monitoring, stricter penalties […]
Brazil's President, Luiz Inácio Lula da Silva, said at a press conference that the state-run oil company Petrobras might still explore hydrocarbons near the Amazon River's mouth, despite an environmental license being denied for this purpose. In mid-May, the country's leading environmental authority denied Petrobras the required permission to explore crude oil deposits in the […]
Comprised of the cities of Atibaia, Indaiatuba, Itatiba, Itupeva, Jarinu, Jundiaí, Louveira, Morungaba, Valinhos, and Vinhedo, the Fruit Circuit is known for its many rural properties and has gained fame over the years for the numerous festivals that celebrate regional products. You have likely heard of the Grape, Strawberry, or Persimmon Festivals. If not, we […]
Fitch Ratings has increased the credit ratings of 12 financial institutions in Brazil, including both public and private banks. This decision follows a rise in Brazil's sovereign rating and the agency's evaluation of the operational environment for Brazilian banks. Among the banks affected are Itau Unibanco Holding S.A., Banco Bradesco S.A., Banco do Brasil S.A., […]
India’s government has announced immediate restrictions on the import of computers, tablets, and personal computers for sale, in an effort to promote local consumption and manufacturing of electronic products. The Directorate General of Foreign Trade, an agency under the Ministry of Commerce and Industry, stated that imports of laptops, tablets, all-in-one personal computers, and ultra-small […]
Human Rights Watch (HRW) has expressed concerns about Zimbabwe’s lack of measures to ensure free and fair elections in the forthcoming general elections scheduled for August 23. The organization’s report highlights the authorities’ failure to respect basic freedoms necessary for credible and just elections, citing the adoption of repressive laws, partiality of the Zimbabwe Electoral […]
South Korean metal companies experienced a significant rise in the stock market following the reported creation of a new room-temperature superconductor material. If verified by the scientific community, this could impact various industries. Local metal processing firms like Seowon and Sunam saw approximately 30% gains in the Seoul Stock Exchange, contrasting with the 0.42% drop […]
The collaboration between Embraer, EVE Air Mobility, and Alltec Composites marks the start of assembly for the first Brazilian e-VTOL urban drone. The completion of the first carbon fiber laminated piece, weighing nearly 1.5 kilograms, was announced during a ceremony at Alltec Composites. This piece serves as the top covering of the right wing of […]
US Southern Command's General Laura Richardson announced during her fourth visit to Honduras that the US will lift existing restrictions on the Honduran Air Force and strengthen its Naval Force and radar systems. The announcement was made in the presence of Honduran President Xiomara Castro in Tegucigalpa, where defense and security cooperation topics were discussed. […]