Florianópolis, in the state of Santa Catarina, has been named Brazil's most competitive city, as revealed in the 2023 Municipal Competitiveness Ranking by the Public Leadership Center (CLP) in collaboration with Gove and Seall. This is a notable milestone as it's the first time a capital city has clinched the top spot since the ranking's […]
In June, Argentina’s economic activity saw a slight decrease of 0.2% compared to the previous month, as reported by official sources. This information, provided by the National Institute of Statistics and Census (Indec), aligns with the contracting trend observed in the country’s economy since March. Furthermore, economic activity in June declined by 4.4% compared to […]
By Stephen Ndegwa* (Opinion) The 15th summit of the group of major economies comprising Brazil, Russia, India, China, and South Africa (BRICS) is taking place from August 22 to 24 in Johannesburg, South Africa. This time, things will be a little bit different, though. Besides BRICS leaders, South African President Cyril Ramaphosa has invited selected […]
The Uruguayan government, led by President Luis Lacalle Pou, has declared an end to the water emergency instituted earlier this year, following an extensive drought that notably impacted the capital and its surrounding regions. Recent rainfall in the affected areas has replenished water reserves and streams that are vital for public consumption. At an event […]
Finance Minister Fernando Haddad announced that Brazil has approached Argentina with a proposal to settle Brazilian exports in the Chinese yuan. Haddad commented, "We have presented the Argentine government with a proposal ensuring Brazilian exports in yuan, with Brazil's Bank guaranteeing a conversion to Brazilian reais from this assurance." He added that such an arrangement […]
Yevgeny Prigozhin, the head of the paramilitary organization known as the Wagner Group, tragically passed away in a plane crash near Tver, north of Moscow. The crash was reported by the Russian news agency Ria Novosti. The aircraft, an Embraer Legacy, was en route from Moscow to St. Petersburg. According to preliminary information from Russia’s […]
Brazil's Lower House of Congress has greenlit legislation to strengthen the country's public finances and alleviate market concerns about President Luiz Inácio Lula da Silva's spending plans. The bill was favored with 379 votes to 64 and now heads to President Lula for official endorsement. With this legislative nod, Lula's administration can adapt its 2024 […]
The El Niño Southern Oscillation (ENSO) has influenced Latin America significantly since September, with potential economic repercussions for the region. ENSO induces rainfall in areas like South America and the Horn of Africa while causing droughts in places like Australia, Indonesia, and Central America. These shifts in climate patterns result in socioeconomic consequences. Science reports […]
China’s wavering economy is now a significant concern for global commodity demand. As economic activity and credit flows within the world’s top buyer face challenges, Beijing’s conservative growth targets might be at risk. While commodities have withstood economic setbacks better than other assets and pandemic restrictions have been lifted, fuel consumption has seen an uptick. […]
Chinese President Xi Jinping unexpectedly missed a speech at the BRICS Business Forum in South Africa, leading to widespread conjecture. Although Xi arrived in Johannesburg for a state visit and the BRICS summit, which includes Brazil, Russia, India, China, and South Africa, he did not make his scheduled appearance at the forum. Instead, Chinese Commerce […]
India marked a significant achievement as its Chandrayaan-3 spacecraft successfully landed on the moon, making it the fourth nation to achieve this milestone. This accomplishment follows shortly after a failed attempt by a Russian spacecraft. With this successful landing near the uncharted south pole, India joined a select group, previously comprising only the U.S., the […]
Paraná has emerged as a key player in both domestic and global markets, making significant contributions to Brazil's growth. With advancements in infrastructure, logistics, agriculture, energy, and education, Paraná boasts Brazil's fourth-highest Gross Domestic Product (GDP) and tops the Basic Education Development Index (Ideb). Governor Ratinho Junior believes that Paraná's success stems from strategic planning […]
On the same day the Union's Attorney General's Office supported oil exploration near the Amazon River delta, Petrobras conveyed its potential for oil production for the next 30 to 40 years. Joelson Falcão Mendes, the company's director of exploration and production, made this statement, echoing prior remarks by Petrobras CEO, Jean-Paul Prates. He indicated that […]
In the 2023 State Competitiveness Ranking by the Public Leadership Center (CLP), Minas Gerais and Goiás experienced marked advancements, securing their best-ever positions. Minas Gerais moved from 8th to 6th place, while Goiás climbed from 9th to 7th. Contrarily, Bahia experienced the most significant drop, descending from 17th to 24th, only outpacing Roraima, Amapá, and […]
After a BRICS summit on Tuesday, August 22, discussions about the expansion of the BRICS group, which currently consists of Brazil, Russia, India, China, and South Africa, made notable progress. While a final decision wasn’t reached, it’s evident that the group’s membership might soon grow to include up to six new countries. Though Indonesia was […]
By Jim Carden, IMARC Australia (Opinion) Amidst the global surge in demand for resources necessary for a decarbonized future, Latin America shines as an increasingly attractive hub for mining investment and exploration. Renowned for its vast reserves – gold, silver, copper, lithium, uranium, and other pivotal minerals for the energy transition – the region has […]
The European Union has initiated an air bridge to expedite the delivery of essential supplies to the eastern region of the Democratic Republic of Congo (DRC), according to a statement from the European Commission. This move comes in response to DRC’s urgent humanitarian needs, which rank among the most severe globally. DRC and Algeria are […]
In Quito, the capital city of Ecuador, a vehicle manufacturing facility is overwhelmed with demands to transform high-end vehicles into armored, bullet-resistant machines. This surge results from the growing influence of drug trafficking and the corresponding increase in the nation’s security industry. High-end vehicles frequently roll into workshops, where they undergo a thorough overhaul. They […]
(Opinion) In recent times, global geopolitics has been reshaped, with nations striving to exert their dominance, not with weapons, but economic and environmental policies. This brings us to a poignant assertion made by President Lula of Brazil. On a crisp Tuesday evening, while addressing an assembly of business magnates during the summit of BRICS, Lula […]
In eight months, Brazil accessed 37 new agricultural markets in 19 nations. Carlos Fávaro, the Agriculture Minister, praised this achievement. He highlighted bilateral negotiations behind this success. These discussions set health and safety protocols. These protocols ensure smooth imports at entry points. Roberto Perosa is the Secretary of Trade and International Relations. He emphasized the […]
On the evening of August 21st, Brazil initiated one of Latin America's most extensive military drills, known as 'Operación Saci'. 470 paratroopers from the 27th Paratrooper Infantry Battalion, also called Task Force VELAME, took off from the Viracopos International Airport fully equipped and combat-ready. The Brazilian Air Force facilitated the deployment, using aircraft such as […]
São Paulo has embarked on modernizing its traffic signal network. A total of 2,586 smart traffic lights will be introduced at key traffic junctures, replacing malfunctioning conventional devices. As per the Municipal Public Services Regulatory Agency (SP Regula), the project will span three years. By the end of 2023, an estimated 270 intersections will be […]
The future of solar energy is unfolding in the bustling city of Yiwu, located in China’s Zhejiang province. Remarkably, half of the world’s top 10 solar energy companies have chosen this city for their production operations. Yiwu’s production value from these major solar enterprises hit a whopping $11.9 billion last year, contributing to over 30% […]
Porto de Galinhas is a sought-after travel destination in Brazil's Northeast, constantly attracting travelers eager to explore the region's magnificent landscapes. Situated in Ipojuca, Pernambuco state, its beaches, and natural tidal pools often leave visitors astounded, drawing parallels with the captivating waters of the Caribbean. Stretching over 18 kilometers, there are ten distinct beaches. Each […]
Brazil's President, Luiz Inácio Lula da Silva, disclosed on Tuesday that his administration is assessing the feasibility of employing the Chinese yuan for trade dealings with Argentina. Lula da Silva commented on a national broadcast, "Conversations with the President," aired by the Brazilian Broadcasting Corporation (EBC) and shared across social platforms. While in South Africa […]