Brazil's President, Luiz Inácio Lula da Silva, acknowledged the complexities involved in devising a lasting resolution for the Amazon's challenges, a topic he discussed during a recent summit of Amazonian nations. In his weekly live social media broadcast, Lula da Silva commented on public expectations, saying, "Many expect a definitive solution. Yet, achieving this entails […]
In July, Angola experienced a 12.12% inflation rate, marking a decrease of 9.28 percentage points from the same period in 2022, according to the National Consumer Price Index (IPCN). A recent consultation with the Angolan National Institute of Statistics (INE) revealed that when comparing the current year-over-year change to that of the previous July, there's […]
The 2023 rice harvest in Brazil is projected to be 10 million tons, marking a 7% decrease compared to 2022, according to the National Food Company (Conab). This anticipated yield will be the lowest in 25 years, with the only exception being the 1998 harvest which totaled 8.5 million tons. Interestingly, this decline is not […]
In the heartland of Mato Grosso, Rondonópolis accumulated an impressive US$1.8 billion from exports between January and July 2023. This substantial revenue entirely stemmed from the city's agribusiness sector. Surpassing the export earnings of eleven Brazilian states, including the Federal District, Rondonópolis stands out on the national map. To put it into perspective, states like […]
Three years after its inception, Azul Conecta, the regional subsidiary of Azul Airlines established in 2020, has made notable expansions. It has witnessed an 81% increase in destinations, now connecting over 80 Brazilian cities. Additionally, the airline's fleet has grown to 27 aircraft, conducting 70 daily flights connecting various cities, including national capitals, and, subsequently, […]
Last Friday, Tourism Minister Celso Sabino met with José Roberto Tadros, president of the National Confederation of Trade in Goods, Services, and Tourism (CNC). Tadros unveiled the revised forecast for tourism growth in 2023, now set at 8.6%, up from the previously projected 8.1%. Sabino emphasized the significance of this update, stating, "The discussion with […]
Since the discovery of Rio's Guanabara Bay in 1502 by Portuguese explorer Gaspar de Lemos, hundreds of vessels have sunk within its confines. These sunken ships recently started impeding navigation, prompting a cleanup initiative spearheaded by the PortosRio port authority in collaboration with various state government agencies. Based on a report from the Port Authority, […]
Worldcoin, a project by Sam Altman, has become a focal point for debate. The platform, via Orbs, involves scanning users' irises to achieve a unique biometric identification for each individual, allowing them to access a proprietary cryptocurrency. Amid rising concerns over data security and individual privacy, several countries, including Brazil recently, have temporarily halted its […]
The Brazilian economic growth rate moderated in the year's second quarter. According to a report released on Monday (14) from the Central Bank in Brasília, the Economic Activity Index (IBC-Br) registered an increase of 0.43% from April to June compared to the first three months of the year, considering seasonally adjusted data. The economy had […]
NASA scientists announced that July was the hottest month ever recorded, forecasting an even warmer year in 2024 compared to 2023. In a press briefing, Gavin Schmidt, head of the NASA Goddard Institute for Space Studies, mentioned, “We’re observing unprecedented temperatures, exceeding expected trends. Not only was 2023 exceptionally warm but 2024 is anticipated to […]
Despite the initial coronavirus-induced slowdown in China's financial activities in Latin America, 2022 saw an injection of at least US$813 million in new loans, primarily focused on Brazil and Caribbean nations, according to Boston University data. Camilo Defelipe Villa, an Asia-Pacific regional expert, conveyed to Bloomberg Línea that China has now surpassed many combined entities […]
Javier Milei emerged as the top contender during Argentina’s Preliminary, Open, Simultaneous, and Mandatory Elections, positioning himself for the general elections scheduled for October 22nd. As the leader of the “La Libertad Avanza” party, Milei, previously an political outsider, resonated with the country’s frustrations due to its persistent economic woes, characterized by high inflation rates […]
A day after significant primary electoral outcomes, Argentina adjusted the value of its official peso by approximately 18%. This move comes as the government recognizes its waning options in upholding the previously maintained exchange rate, especially in light of dwindling reserves. As of the latest report, the peso is set to trade at 350 per […]
President Luiz Inácio Lula da Silva of Brazil traveled to Asunción, Paraguay, to attend the inauguration of the newly elected president, Santiago Peña, set for the next day. Lula described Peña as a promising young leader, emphasizing the importance of strengthening Brazil-Paraguay relations. Previously, Peña had met with Lula in Brasília twice this year. Lula […]
The conservative faction in Brazil, associated with former president Jair Bolsonaro, expressed satisfaction with Javier Milei's primary election win in Argentina, perceiving it as a setback for extreme leftist movements. Eduardo Bolsonaro, a congressman and the former president's son, shared on social media, "What seemed an aspiration a year ago, today becomes a reality." He […]
Erin Brockovich’s story of her advocacy against Pacific Gas and Electric Company ended with generous compensation payments to those people hurt by the company’s reckless pollution, a victory for her efforts for environmental justice, and a hugely successful Julia Roberts film. It would be heartwarming if all environmental injustice cases ended that way. They don’t. […]
For two consecutive weeks, market experts have retained their inflation outlook for 2023 based on the recent Focus Bulletin released by the Central Bank. The Broad Consumer Price Index (IPCA) is anticipated to stand at 4.84% for the year, consistent with the previous week's forecast. For the year 2024, the projection indicates a reduction of […]
In Valencia, northern Venezuela, the detention of 33 men at the Avalon Club sauna in July underscores increasing concerns regarding the treatment of the LGBT community by the current administration. This event is not isolated, with multiple instances pointing towards an intensified stance against the LGBT community. When taken into custody, the detainees faced charges […]
Pedro Abramovay, a significant presence in Brazilian public debates in recent years and former Brazilian Secretary of Justice was recently promoted to the role of vice president at George Soro’s renowned Open Society Foundations. Born in São Paulo in 1980, he’s the son of Ricardo Abramovay, a professor at the University of São Paulo (USP). […]
In New York City, the Dominican community stands out due to its rapid growth and sizable presence. Of the city’s population, close to 10% are Dominicans, a significant proportion considering the Dominican Republic’s total diaspora is three million. Their presence is felt across the public sector, with many Dominicans in notable positions, from law enforcement […]
SpaceX's satellite initiative, Starlink, led by Elon Musk, is broadening its footprint in Latin America. Their latest collaboration is with Telefónica, the parent company of Vivo in Brazil. Through Telefónica Global Solutions (TGS), Starlink will offer internet connectivity in rural and remote regions. This partnership allows Telefónica to provide fixed-line and mobile connection services in […]
Contrary to popular belief, São Paulo and Rio de Janeiro aren't Brazil's cities with the highest residential property prices per square meter. Instead, the top three spots belong to Balneário Camboriú and Itapema in the Southern Santa Catarina state and Vitória in Espirito Santo. São Paulo ranks fourth, followed by Florianópolis (Santa Catarina), Itajaí (Santa […]
(Opinion) The unexpected outcome of Argentina’s recent primaries, indicating an unpredictable general election in October, adds fuel to the fire of the nation’s already fragile economic state. With the direction the economy will take under the next government being anyone’s guess, the primaries revealed a deeply divided electorate. Libertarian economist Javier Milei led with 30.1% […]
In Moscow’s stock exchange, the Russian currency surpassed the symbolic threshold of 100 rubles to the dollar, despite the Central Bank’s efforts to halt its decline. On Monday, the ruble hit a low of 100.18 against the U.S. dollar, the weakest since late March 2022. It’s worth noting that the ruble’s all-time low was recorded […]
In Argentina’s primary elections, liberal candidate Javier Milei emerged as the top contender. Milei, a national deputy, advocates for a reduced state size, tax cuts, and the dissolution of the Central Bank. He took a stand against a historical phrase by Eva Perón, an iconic figure in Argentina’s political history, stressing the importance of economic […]