Argentina's Sergio Massa travels to Brazil to discuss import payments using Chinese yuan. The Minister of Economy and presidential candidate for the Union for the Homeland (UP) is set to discuss an agreement enabling payments for imports using yuan from the swap deal with China. A couple of days ago, Finance Minister Fernando Haddad announced […]
Bolivia and Russia strengthen relations through new military cooperation strategies. Officials from the Defense Ministries of Bolivia and Russia recently convened to discuss new strategies to bolster bilateral military cooperation. The meeting occurred in Moscow during the International Military-Technical Forum ARMY-2023, as the Russian Ministry of Defense reported. The Bolivian delegation was led by the […]
In a move seen by many as using the death penalty as a political weapon in Saudi Arabia’s crackdown on activism, authorities have handed down a death sentence to the sibling of a well-known Saudi activist. The authorities are justifying the sentence on the grounds of alleged postings criticizing corruption and human rights violations in […]
Zimbabwe’s President, Emmerson Mnangagwa, has rejected electoral fraud allegations by the main opposition party, Citizens Coalition for Change (CCC), following the presidential elections held on August 23 and 24. Mnangagwa, who was reelected, insisted that the elections were conducted in a free and fair environment and urged the opposition to accept their defeat and work […]
The military junta of Myanmar (Burma) has ordered the expulsion of the highest-ranking diplomat from East Timor, accusing him of having relations with what the military considers a "terrorist group". East Timor, officially known as Timor-Leste, is a Southeast Asian nation located on the eastern half of the island of Timor. It gained independence from […]
After 44 years of operations in Argentina, Itaú has announced the sale of its operations in the country amidst an economic crisis, high inflation, and changes in the political landscape with the upcoming presidential elections. On August 23, in an official statement, the institution reported the sale of its shares in Argentina to Banco Macro […]
On Saturday, August 26, 2023, the Gabonese government imposed an Internet shutdown and curfew during elections, a drastic measure by blocking internet access for its citizens during the presidential elections and imposing a curfew from 7 a.m. on Saturday until 6 a.m. on Sunday. This move was made as Ali Bongo, 64, sought re-election, having […]
Brazil's coffee sector, a vital part of its economy, is set to face challenges in the coming year. The Ministry of Agriculture and Livestock (Mapa) has indicated that the country's coffee sector revenues will decline by 2023. Mapa is projecting a gross total revenue of R$48.8 (US$9.5) billion, a 9.22% decrease from the previous coffee […]
Brazilian President Luiz Inácio Lula da Silva landed in São Tomé and Príncipe on a Sunday morning to reaffirm ties with Africa at a meeting with Portuguese-speaking countries. The 14th CPLP meeting - a gathering of Portuguese-speaking nations - provided an ideal opportunity. This visit marks the end of Lula's tour across Africa, a continent […]
Congress recently approved a new fiscal framework, receiving a cautiously optimistic response. Brazil's new spending rules cause debate among analysts. Many believe the rules are too flexible, diminishing the government's drive to cut expenses. This new plan replaces the 2016 spending cap by Michel Temer's administration, which tied government spending increases to inflation. The new
The International Monetary Fund (IMF) has outlined new targets for Argentina’s international reserves and public spending as part of the fifth and sixth reviews of the Extended Fund Facility (EFF) program. The IMF foresees a 2.5% economic decline and 120% inflation for Argentina by the end of 2023, attributing these figures to a severe drought […]