The U.S. dollar's recent rise against other currencies, including the Brazilian real, came to a pause after the release of U.S. employment data for July. During the week, the dollar flirted with levels above R$ 4.90 due to a spike in U.S. Treasury yields, leading to the dollar's global appreciation. However, the employment figures, showing […]
Upscale vacation destination Gramado in Southern Brazil will host the first Casa Ferrari event in Latin America from August 11th to 19th. The event aims to showcase products from major global luxury brands to an exclusive audience, with sports car manufacturer Ferrari taking a leading role. Ferrari has teamed up with a select group of […]
UAE state-owned EDGE Group announced a strategic partnership with the Brazilian Navy to co-invest in developing long-range anti-ship missiles, including providing advanced solutions like anti-jamming technology. The collaboration was introduced during LAAD 2023, held in Rio de Janeiro last April. A high-ranking delegation from the Brazilian Marine Corps visited EDGE’s manufacturing and testing facilities, witnessing […]
In Rio de Janeiro, a subtle and unspoken competition is unfolding among the luxurious hotels of Copacabana Palace, Fairmont Rio de Janeiro Copacabana, and Emiliano Rio. All three celebrate anniversaries in August with grand galas, concerts, and musicals. The first celebration begins at the Fairmont, which marks its fourth year. The festivities will include a […]
A recent attempt by the Economic Community of West African States (ECOWAS) to negotiate a solution to the political crisis in Niger has failed. The regional organization had imposed economic sanctions against Niger and set a deadline for restoring the democratically elected President Mohamed Bazoum to power, who was overthrown on July 26. ECOWAS envoys […]
By André Ramos Tavares* (Opinion) The 2008 campaign of Barack Obama for the U.S. presidency was the first significant instance of intensive use of social media’s capabilities, as indicated by Martin Moore, a specialist in Media and Economic Politics, in his work “Hacked Democracy.” However, this phenomenon’s main problem is the widespread dissemination of misinformation […]
In July, Honduras saw an annual inflation rate of 5.15%, the lowest in 19 months, as reported by the country’s Central Bank (BCH). This marks the fifth consecutive month of deceleration and is less than the rate during the same period in 2022 (10.86%). The Consumer Price Index (CPI) in July was 0.46%, while cumulative […]
Argentina intends to purchase 156 Guaraní armored combat vehicles as soon as possible. Francisco Cafiero, the country's Secretary of International Affairs for Defense, conveyed this intention to Iveco Defense Vehicles officials. The announcement came during the Argentine Defense Minister Jorge Taiana's visit to the combined military exercise Arandú, carried out by the Argentine and Brazilian […]
Colombian President Gustavo Petro is at the center of a political storm following the revelation that allegedly illicit funds may have entered his 2022 election campaign. The information came to light after his son, Nicolás Petro Burgos, disclosed to the prosecutor’s office. Several politicians, including right-wing presidential candidate Federico Gutiérrez, questioned the legitimacy of Petro’s […]
Ecuador’s risk premium surpassed 2,000 points for the first time in nearly three years, just two weeks before the extraordinary general elections scheduled for August 20 and a referendum to halt oil operations at a specific site. On August 2, the Central Bank of Ecuador reported a value of 2,018 points, the highest figure since […]
New Zealand's government has announced its intention to enhance its defense capabilities to address security challenges in the Indo-Pacific region. The announcement follows China's continuous investment in the expansion and modernization of its military forces and its growing ability to deploy military and paramilitary forces throughout the region. The New Zealand Ministry of Defence's 36-page […]
Over the past decade, public investment in research and development (R&D) within European Union (EU) countries has risen by 49.2%, reaching €117.368 (US$128) billion in 2022, up from €78.656 billion in 2012, according to data from Eurostat. This 2022 investment accounts for 0.74% of the EU’s GDP for the year, a 5.4% increase from the […]
The Peruvian Government has announced a 60-day extension to the state of emergency in 44 districts and one populated center in the country’s jungle region. This decision, effective from August 9th, aims to strengthen the nation’s fight against terrorism and other illegal activities. According to an official decree, the extended measure allows for continued military […]
By Martin Sonneborn (Opinion) There are several reasons for the growing relationship between West and Central African states and Russia and the economic situation in these countries. Despite the lack of active gold mines in its own country, France possesses the fourth-largest gold reserves in the world. In contrast, some former African French colonies, such […]
The Central Bank of Argentina (BCRA) has dismissed claims of a reduction in its gold reserves. The bank clarified that its gold holdings remain unchanged and are not being used to meet the country’s financial obligations. In an official statement, the BCRA explained that its balance sheet reflects typical financial operations to enhance reserve profitability. […]
Brazilian police have arrested a businessman, identified as Bruno Heller, in Novo Progresso, southern Pará, accused of being responsible for deforesting over 6,500 hectares of the Amazon rainforest. This action was part of a federal operation called "Retomada," aimed at combating fraudulent land registration for deforestation. The courts have frozen 16 farms, 10,000 heads of […]
Chile’s National Lithium Strategy is essential for the country and aims to generate additional wealth, as the Chilean Mining Minister, Marcela Hernando, explained Thursday. She met with regional leaders of the Copper Workers Federation (FTC) to discuss the strategy announced by the Chilean government last April. The initiative is of great importance, as it intends […]
An official bilateral ceasefire between the Colombian Government and the National Liberation Army (ELN) guerrillas commenced on Thursday. Agreed within the peace dialogues framework, the ceasefire will last for six months. Colombian President Gustavo Petro marked this occasion, emphasizing that it’s the first face-to-face meeting with ELN representatives and civil society. He reflected on the […]