The business atmosphere in Latin America peaked in the third quarter of 2023, showing the best figures in two years, as reported by Brazil's economic research center, the Getúlio Vargas Foundation (FGV). The so-called Latin American Economic Climate Index (ICE) rose significantly, moving from 65.8 points in the second quarter to 99.6 in the third, […]
According to a recent study by BBVA México, remittances to México are projected to increase by 8.9% in 2023, reaching a historic high of approximately US$63.7 billion. This outlook surpasses previous forecasts that predicted flows of around US$62.6 billion for the year. In the first half of 2023, remittances to the nation reached US$30.238 billion, […]
The United States expressed its willingness to ease sanctions on Venezuela’s oil sector, potentially allowing more businesses and nations to import Venezuelan oil, provided Nicolás Maduro’s government takes steps toward holding free and fair elections. A White House spokesperson stated, “Should Venezuela take genuine actions to reinstate democracy, leading to the conduction of transparent elections, […]
Based on data from the National Supply Company (Conab), Brazil is set to be the leading exporter of soybean meal in 2023. This ascent has been attributed to a decline in Argentina's soybean crop and a record harvest in Brazil. Conab reports that Brazil is expected to sustain high soybean meal exports this . . […]
In Italy and Uruguay, legislative initiatives have been introduced that challenge the sale and distribution of lab-grown meat. In Italy, the government, led by Prime Minister Giorgia Meloni, has expressed reservations about such artificially produced foods, seeing it as a threat to the country's agri-food heritage. Italy's Agriculture Minister, Francesco . . . To read […]
In a recent development, Patricia Bullrich, the presidential nominee from the center-right coalition Juntos pela Mudança, voiced her opposition to Argentina’s inclusion in the BRICS coalition, which comprises Brazil, Russia, India, China, and South Africa. Libertarian candidate Javier Milei echoed this sentiment. Speaking at the 20th Council of the Americas event in Buenos Aires, Bullrich […]
The President of Brazil, Luiz Inácio Lula da Silva, acknowledged the BRICS summit's consideration of introducing a joint currency to enhance trade between its founding members: Brazil, Russia, India, China, and South Africa. Stressing that there's no rush, he mentioned that member countries have committed to research this possibility and continue the conversation in their […]
India’s Chandrayaan 3 achieved a significant milestone with a successful landing near the Moon’s south pole, a potential repository for frozen water. This accomplishment places India alongside pioneering nations like the U.S., Russia, and China. Earlier missions primarily targeted equatorial regions, but recent endeavors focus on the south pole due to its prospective water reservoirs. […]
In 2023, Bitcoin has seen a resurgence, with its value surging nearly 60% since December 2022, though it remains 61% below its peak price of US$67,734.04. Nevertheless, domestic mining of this leading cryptocurrency is still a viable endeavor due to the affordable energy costs in certain Latin American countries. Data aggregator Coingecko suggests that on […]
In the first half of the year, Avianca reported transporting 270,000 passengers between Brazil and Colombia, marking a 70% increase compared to the first half of 2022. This surge is partly attributed to a 40% uptick in the Colombian airline's flights during the same timeframe. Cities including São Paulo, Rio de Janeiro, Manaus, and Belo […]
(Opinion) The recent invitations extended to Egypt, Saudi Arabia, and the United Arab Emirates (UAE) to join the BRICS coalition marks a significant stride in global politics and economics. Ahmed Abulgueit, the Secretary-General of the Arab League, promptly took to social media to laud this development, signifying the growing stature of the Arab world on […]
At the BRICS summit in Johannesburg, presidents from Bolivia and Brazil, Luis Arce and Luiz Inácio Lula da Silva, respectively, met to discuss a wide range of bilateral topics. Arce, on a social media platform, mentioned the significance of their meeting in the context of the BRICS Summit. He stated they explored physical integration, water […]
Mozambique, located on the southeastern coast of Africa, is abundant in natural resources and has been steadily working to modernize its energy sector. The Portuguese-speaking nation has witnessed a surge in international interest, particularly from energy companies eager to tap into its vast potential. Recognizing the global shift towards cleaner and more sustainable energy sources, […]
With its 212 million residents, Brazil stands as the heartland of Portuguese speakers, housing over 80% of the global count. However, according to Augusto Santos Silva, the Portuguese Minister of Foreign Affairs, a demographic shift is on the horizon. By 2050, as Brazil's population shrinks and those of Angola and Mozambique rise, most Portuguese speakers […]
On Friday, 25th August, Brazil's President Luiz Inácio Lula da Silva will arrive for a two-day official visit in Luanda, Angola. This marks his first trip during the current term and third since 2003. The visit follows his participation in the BRICS Summit held in South Africa. Angola and Brazil, both former Portuguese colonies, share […]
Angola, a Portuguese-speaking country on the southwestern coast of Africa, is known for its rich cultural heritage and vast natural resources, especially oil. Historically, it has faced economic challenges despite its wealth in natural resources. One year ago, João Lourenço was re-elected for a second five-year presidential term following MPLA's win in the general elections […]
On August 22 in Puerto Williams, naval forces from Chile's Third Naval Zone and Argentina's Austral Naval Area commenced the Viekaren exercise. Aimed at improving coordination and trust between both nations, this joint activity is rooted in the 1984 Peace and Friendship Treaty. The Viekaren exercise, which translates to "Trust" in the Yagán language, focuses […]
In just over a decade since its debut, blockchain technology and cryptocurrencies have progressively integrated into various economic sectors. Banks in Brazil and globally are increasingly incorporating these assets, acknowledging their potential benefits. Eduardo Carvalho, CEO of Dynasty Global AG, mentions to local media that cryptocurrencies have moved beyond initial skepticism and have gained traction […]
The Shaanxi branch of the Bank of China has achieved a significant milestone by establishing Central Asia’s first cross-border account in Renminbi (RMB). This move results from a strategic collaboration with the well-regarded Turon Bank, headquartered in Uzbekistan. Finalized on August 21, this initiative has the potential to reshape economic interactions between China and Central […]
Brazil's Central-South region is expected to produce around 3.54 million tons of sugar in the first half of August, marking a notable increase of 34.4% compared to 2022, per S&P Global Commodity Insights' recent findings. Brazil leads the world in sugar production, contributing 22% of global supply Beneficial weather conditions during this period are predicted […]
Stella Li, a key figure at the Chinese behemoth BYD for 28 years, oversees the company's operations in the Americas, including its investments in Brazil. After China and Thailand, Brazil ranks third to host a BYD plant manufacturing hybrid and electric vehicles. BYD plans to inaugurate three facilities in Bahia this October, previously housing the […]
In 2017, India introduced a tax reform with the slogan "One Nation, One Tax." This reform is a significant reference point for Brazil, given similarities such as being a developing nation and having a non-unified tax system. Six years post-reform, India saw an increase in revenue, mainly due to their vast informal economy, and a […]
Brazilian President Luiz Inácio Lula da Silva remarked Thursday that the contemporary global landscape surpasses the "Cold War mindset." He emphasized that while some are keen on reverting to such thinking, Brazil, during its G20 presidency, supports the inclusion of the African Union in the group. "True prosperity arises when shared. The presence of numerous […]
(Opinion) The inclusion of Argentina, Saudi Arabia, Iran, Egypt, the United Arab Emirates, and Ethiopia into the BRICS framework can be analyzed regarding geopolitics, economics, and regional implications. Saudi Arabia is one of the world’s leading oil producers, and its inclusion diversifies the energy profile of the BRICS. This could also signify an intention of […]
Recent elections in Latin America have shown a pronounced decline in voter turnout, indicating a trend of political disengagement and disillusionment among the populace, according to political and international experts. For instance, recent primary elections in Argentina and a second round of voting in Guatemala recorded 30.38% and 55.1% abstention rates, respectively. In Mexico's State […]