For the third consecutive time, the Bank of Mexico (Banxico) has kept its interest rate unchanged at 11.25%, a record high. This decision highlights the end of its upward cycle, reflecting the ongoing slowdown in inflation. In its statement, Banxico mentioned that inflationary pressures are being mitigated, leading to an ongoing deflationary process. Nevertheless, they […]
In response to the recent coup in Niger which resulted in the ousting of President Mohamed Bazoum, the Economic Community of West African States (ECOWAS) has approved the possibility of deploying its standby military force to help reinstate constitutional order. Bola Tinubu, the Nigerian President and ECOWAS chairman, emphasized the importance of diplomatic dialogues with […]
A team from the U.S. FBI (Federal Bureau of Investigation) is set to arrive in Ecuador to assist in the inquiry into the murder of presidential candidate Fernando Villavicencio. Following an electoral event in Quito, he was tragically killed in a suspected assassination plot. Ecuador’s President, Guillermo Lasso, confirmed the FBI’s impending arrival, highlighting that […]
Paraguay’s capital, Asunción, is decked in national colors in anticipation of the inauguration of Santiago Peña as its president and to mark Asunción’s 486th anniversary. Flags flutter across many locations, with the historic López Palace, dating back to 1857, standing out prominently. Peña, who emerged victorious in the recent elections with 1,292,079 votes, will assume […]
China has announced that it will resume group tourism to Equatorial Guinea, Cape Verde, Mozambique, and São Tomé and Príncipe, which are Portuguese-speaking African countries. This move was shared by China's Ministry of Tourism and Culture and is part of a broader initiative that includes an additional 82 countries beyond the previously announced 40. Well-frequented […]
The British non-governmental organization (NGO), WaterAid, has committed to invest €2.3 million to broaden access to clean water in Mozambique. This comes as part of its strategic plan for the upcoming years. The strategy emphasizes three core components. bolstering projects that offer water, sanitation, and hygiene services; fostering capacity-building, and spearheading advocacy efforts, This was […]
In the first quarter of 2023, Uruguay welcomed 1.2 million tourists, translating to a revenue of US$741 million. To honor this, Uruguay’s Tourism department hosted a special event for Brazilian trade partners in São Paulo. The Uruguayan Tourism Chamber revealed that Argentinians and Brazilians were the most significant among international visitors, with an increase of […]
Starting October 30th, the Caribbean budget airline, Arajet, will introduce flights from the Dominican Republic to Chile, with a layover in Colombia. The route will originate from Santo Domingo (SDQ) and conclude in Santiago (SCL), making a stop in Bogota (BOG). Operating with Boeing 737 MAX 8 aircraft, this twice-a-week flight marks Arajet's second route […]
According to informed sources, Anglo American Plc and Codelco are considering ways to collaborate on their adjacent copper mining operations in Chile to enhance productivity and output. The discussions involve optimizing mineral-rich grades located between Codelco’s Andina mine and Anglo’s Los Bronces mine. Additionally, there’s talk of processing Andina’s ore at the Los Bronces plants. […]
The Mexican government has acquired Mexicana de Aviación, a national airline, for US$48 million. This acquisition aims to compensate 7,407 employees and end a 13-year conflict, enabling the airline to resume operations under the supervision of the Armed Forces. Ticket sales for 20 national destinations are set to begin in September, with prices touted to […]
The Polish government has expressed plans to contest two of the European Union’s environmental laws: the Carbon Border Adjustment Mechanism (CBAM) and the Emission Trading System (ETS). This move adds to Poland’s four existing challenges filed with the European Union Court of Justice (EUCJ) regarding climate and environmental policies included in the European Commission’s “Fit […]
The recent uplift in industrial confidence has been linked to the commencement of cuts in the Selic rate, Brazil's basic interest rate, and anticipations of further reductions, as per the National Confederation of Industry (CNI). The Industrial Entrepreneur Confidence Index (Icei) recorded a growth of 2.1 points, moving from 51.1 to 53.2, indicating a shift […]
During a recent Senate session, Central Bank President Roberto Campos Neto emphasized the critical importance of fiscal stability in achieving interest rate reductions. He stressed that their main objective is to lay the groundwork for meaningful rate reductions. Campos Neto held that adopting policies in line with fiscal objectives is a top priority. Achieving these […]
Brazil is the global front-runner in exporting seven agricultural products: soybeans, beef, sugar, chicken meat, coffee, cellulose, and orange juice. In 2022, these exports generated revenue of US$98 billion for Brazil's farmers, as the country's Ministry of Agriculture and Livestock reported. This sum equates to over R$460 billion. Furthermore, this year, Brazil is poised to […]
The Argentine Ministry of Economy has indicated its intent to employ Federal Police and tax agents to address the rising trade of parallel dollars. This was stated on Tuesday by the country’s Economic Minister and presidential candidate, Sergio Massa, following a meeting with trade union representatives. The unofficial dollar, often referred to in the black […]
In 2022, China utilized a large-scale water transfer system to meet Beijing’s requirements even with the Yangtze River’s drastic decline due to severe drought. The South-to-North Water Diversion Project stands as a monumental engineering feat, transferring over a billion cubic meters of water across a vast distance, akin to the stretch from Amsterdam to Rome. […]
Online interactions increasingly involve bots. The 2023 Imperva Bad Bot Report reveals that 47.4% of 2022’s internet traffic was bot-driven, up 5.1% from the previous year, while human traffic decreased to 52.6%. Although bots serve critical functions, aiding digital assistants and search engines, there’s been a concerning increase in malicious bot activity. Specifically, 2.5% more […]
On the eastern coast of Brazil, the expansive parking zone once christened Henry Ford Avenue, lies desolate. Formerly buzzing with employees clocking in shifts, today, its vastness is punctuated by just the solitary patrol of a security car. Remarkably, this area, now silent, spans a greater expanse than New York's Central Park and stands as […]
On World High Intelligence Day, celebrated on August 10th, Brazil reports a total of 2,621 highly intelligent individuals, with an additional 31 identified abroad. São Paulo stands out as the state with the most such individuals, followed by Rio de Janeiro, Minas Gerais, and Paraná. The data comes from Mensa Brazil, an organization dedicated to […]
In a move towards export diversification, the Ministry of Agriculture and Livestock of Brazil opened avenues to 31 markets in 2023. Recent agreements on inspection and approval protocols for the export of Brazilian agricultural goods were solidified between Brazil's Ministry of Agriculture and Livestock and the health authorities of Indonesia. This collaboration enables Brazil to […]
Semiconductors, vital for devices from smartphones to cars, have seen growing importance with artificial intelligence advancements. Major players like China, India, the US, and the European Union invest heavily, striving for leadership in this sector. Brazil's strategy, however, appears ambivalent. Previously, Brazil had CEITEC, a semiconductor-focused company, which faced suspension under Bolsonaro but has since […]
Brazil and Japan have reached an agreement to eliminate tourist visa requirements for their citizens visiting each other's countries. This mutual visa waiver will be applicable to stays of up to 90 days and will be effective starting September 30, 2023. In a previous action in 2019, Brazil allowed tourists from specific countries, including Japan, […]
El Salvador has initiated a reinforced security measure to address criminal gang activities, focusing on the Cabañas municipality, deploying approximately 7,000 soldiers and 1,000 police officers. The secured area covers the central province of Cabañas, primarily an agricultural and livestock region, where the government claims gangs exert significant influence, threatening locals and instigating unrest. For […]
Bolivia's Armed Forces are set to venture into cyber operations by establishing a Cyber Defense department. They also plan to integrate cybersecurity studies into the military institution's academic and training programs. This move was announced by the Chief Commander of the Armed Forces, as reported by the official ABI agency. In line with the State […]
São Paulo's Governor Tarcísio de Freitas, a prominent figure in Brazil's conservative landscape, has declared he will not contest the 2026 presidential election but will instead back any candidate endorsed by former President Jair Bolsonaro. On the "Flow Podcast," Tarcísio spoke of Bolsonaro's significant influence in right-wing circles. He emphasized Bolsonaro's capability to designate a […]