A rural community situated between Moscow and St. Petersburg is on track to become the home of a pioneering “African village,” an initiative spearheaded by the African International Congress in Russia. The venture forms part of a five-year pilot program aiming to resettle thousands of South African migrants in Russia. With African diplomats and local […]
In the first half of 2023, central banks added a historic amount of gold to their reserves, despite significant sales by Turkey. The net gold purchases amounted to 387 tonnes, as per data from the World Gold Council, marking the highest half-year value since data collection began in 2000. In the second quarter, Turkey, which […]
On August 10, West African leaders contemplated potentially employing a standby force to reaffirm Niger’s constitutional framework. This move follows failed interventions from both regional figures and the global community. The ECOWAS conference in Abuja concluded with the decision to ready this force for potential deployment, though specifics remained scarce. ECOWAS chief, Omar Touray, alluded […]
The dream of retiring to a beachside haven is a cherished aspiration for many. Picture waking up to the soothing sound of waves and enjoying the tranquility of coastal living in your golden years. It’s something that will appeal to most of us, and a way of life that we all deserve after a long […]
Over 20 million individuals in Sudan are grappling with a dire food shortage, as conflicts in the nation persist. This distressing update was provided by the United Nations World Food Programme (WFP) and the Food and Agriculture Organization (FAO). The humanitarian situation in Sudan has worsened in the four months since the onset of military […]
In recent months, China has witnessed a worrying economic trend – a drastic drop in foreign investment, reaching its lowest point since 1998. With an 87% annual decline, totaling US$4.9 billion in the second quarter, this dwindling interest from overseas entities has been attributed to a mixture of geopolitical tensions, domestic policy decisions, and skepticism […]
In the first seven months of 2023, Argentina welcomed over 750,000 Brazilian visitors. In July alone, the country saw record numbers, with 150,000 Brazilians, marking a 1% increase compared to the same period in the pre-pandemic year 2019. There was a noticeable surge in visitors across all entry methods into the country. According to Inprotur, […]
On July 20, Bolivia's Defense Minister, Edmundo Novillo, paid an official visit to Tehran, where he met with his Iranian counterpart, Mohammad Reza Ashtiani. This trip has raised eyebrows in the United States and among some of Bolivia's neighboring countries due to Bolivia's intent to purchase Iranian drones. For instance, the White House National Security […]
Venezuelan President, Nicolás Maduro, instructed the National Bolivarian Armed Forces to initiate plans for a comprehensive security layout in anticipation of upcoming elections. The announcement was made during a military event broadcasted on the state-run VTV channel. Presidential elections are scheduled for next year, where the opposition hopes to challenge the ruling party that has […]
Poland’s general election is set for October 15th, where the outcome will decide if the conservative Law and Justice party, governing since 2015, can sustain its fragile majority. Their strategy involves the rollout of contentious new laws and a simultaneous referendum. Recent polls suggest 33.7% support for Law and Justice, led by Jaroslaw Kaczynski, and […]
Credit cards are a great way to build a credit history and access credit. They offer convenience, flexibility, and good protection in cases of fraud or theft. However, as with any financial tool, they must be used responsibly. Two-thirds of UK adults (66.4%) have at least one credit card, and many people have multiple. This […]
The rise of remote work has become a defining aspect of the modern workforce, and many couples now find themselves working from the comfort of their own home. As of May 2023, 39% percent of workers in the UK are working from home at some point weekly. While the flexibility of remote work has advantages, […]
India’s President has ratified the ‘Right to Information Act (RTIA)’, a pivotal data protection legislation poised to be implemented shortly. Although designed to oversee digital personal data processing in a manner that respects individuals’ rights to guard their data for lawful purposes, it has sparked concerns. The law covers the processing of digital personal data […]
On Tuesday, economist Santiago Peña is set to be inaugurated as Paraguay’s 51st president. He is committed to preserving Paraguay’s distinct diplomatic ties with Taiwan in South America. Soon, he’ll address trade talks with Brazil, focusing on the treaty governing the Itaipú hydroelectric dam’s joint operation. Peña, a former finance minister, traveled to Taipei this […]
(Opinion) Brazil and China’s growing camaraderie over the years presents a compelling narrative of two emergent powers seeking mutual benefit. Yet, beneath the surface, the “comprehensive strategic partnership” reveals a story not of equality but of a subtle yet evident power imbalance. They’re strategic moves to establish China’s dominance. China’s approach to Latin America cannot […]
Brazil and Paraguay have challenged the toll imposed by Argentina for vessels navigating the Paraná River, arguing it's inconsistent with river transport agreements. This issue presents the first significant challenge for Santiago Peña, Paraguay's newly elected president. Argentina has introduced a toll on the waterway segment that stretches from Santa Fe port to the confluence […]
Following a court decision in Portugal, Venezuela could be a step closer to regaining significant assets held in the UK and the US. The Central Civil Court of Lisbon ordered Novo Banco in Portugal to return over €1.352 billion (US$1.5 billion) to Venezuela, funds which were held since 2019. These funds were under contention due […]
Throughout the early months of 2023, Havana and Moscow inked several tourism-related agreements. These included exclusive hotel deals on the island for Russian tourists and the introduction of MIR cards, specifically for these visitors' transactions in Cuba. During Russian Vice Prime Minister Dmitri Chernishenko's visit, Havana gave the nod to Russian banks for establishing branches […]
As per the president of Brazil's Central Bank, Roberto Campos Neto, Brazil is undergoing a "deflation" phase. Given the current economic scenario, adopting a "gentle" approach regarding interest rates is essential to maintain price stability. Campos Neto shared this perspective during a business event in Curitiba, Paraná's capital. His comments reflected the Consumer Price Index's […]
Bolivia’s House of Representatives has approved two external loans totaling US$163 million to bolster its irrigation and tourism sectors. Omar Yujra, the Chairman of the Planning, Economic Policy, and Finance Commission, released this information. The larger loan, amounting to $150 million from the Inter-American Development Bank (IDB), is set to fund water-related projects. As Yujra […]
During the first six months of 2023, Uruguay’s manufacturing sector experienced a growth of 0.7% compared to the same time frame in 2022, as reported by the National Institute of Statistics (INE). This growth was primarily driven by the paper manufacturing industry and its by-products. The “Paper and Paper Products Manufacturing” sector made the most […]
Chile’s trade activities from January to July 2023 amounted to US$107.358 billion, marking a decline of 10.1% compared to the same period the previous year, as the Directorate of Studies of the Undersecretariat of International Economic Relations (Subrei) reported. During these seven months, Chile’s exports amounted to US$57.887 billion, reflecting a modest 1% increase from […]
The Brazilian government has unveiled its Growth Acceleration Program (GAP) aimed at injecting R$1.7 trillion (US$347 billion) into the economy. This funding, sourced both from public and private sectors, aims to spur employment, increase income, address regional and social disparities, and stimulate the nation's economic growth. Brazil's president, Luiz Inácio Lula da Silva, introduced the […]
Yesterday, the Brazilian Federal Police requested the Supreme Federal Court (STF) to probe into the financial activities of former President Jair Bolsonaro. This action comes on the heels of an investigation launched into the alleged diversion and overseas sale of items gifted to the Presidential Office during official missions. Bolsonaro's potential breach of financial confidentiality. […]
According to an official statement from the IMF, Honduras has reached a consensus with the International Monetary Fund (IMF) to secure US$830 million to back the nation’s economic reform efforts. The collaboration, spanning 36 months, has been established at a technical level, involving the IMF’s Extended Service (ES) and the Extended Credit Service (ECS). This […]