The Mexican economy recorded a 3.6% annual growth in Q2 2023, fueled by the services and industrial sectors and the continuation of restrictive monetary policy. According to the National Institute of Statistics and Geography (INEGI), the Gross Domestic Product (GDP) grew by 3.6% annually in real terms and seasonally adjusted series, as indicated by the […]
Even after so many years, Mexicans still love Andrés Manuel López Obrador. In power since 2018, the Mexican President holds a 60% approval rating, but there is increasing concern among the population about insecurity in the country, as revealed by a Reforma newspaper survey. Six out of ten Mexicans approved of “the way López Obrador […]
Chinese investments in Brazil plummeted in 2022 by 78% to $1.3 billion, the lowest since 2009, according to a report released by the Brazil-China Business Council (CEBC). However, the number of projects financed by China in Brazil reached a record 32, a 14% annual increase. Last year, half of the new Chinese projects in Brazil […]
Nearly half of Mozambique families lack any electricity at home, and for those that do, almost 20% rely on solar panels for self-consumption, according to the National Institute of Statistics (INE). The Survey on the Impact of Access to Sustainable Energy in 2022, completed this month by INE, revealed that 50.1% of the country's over […]
Peru struggles with recovery and lowers 2023 GDP growth forecast to 1.1%. However, the government stated that the country is striving to regain the rapid growth that made its economy stand out in emerging markets this century. “The economy’s growth capacity has declined in the past 12-13 years, and the pandemic accelerated this slower growth […]
Cryptocurrencies soar after Grayscale ETF win - The failure to block a Bitcoin ETF led to considerable gains across the crypto space, including a US$2 billion surge in Grayscale Investments' Bitcoin fund, GBTC. This resulted in a decrease of its discount relative to its underlying Bitcoin holdings to less than 17%, a significant decrease from […]
As San Francisco battles to maintain its significance, Silicon Valley prospers. The Westfield Mall in San Francisco is witnessing a downturn, marked by vacant shops and dwindling footfall, compelling the proprietors to relinquish the estate to their creditors. In contrast, San Jose’s Westfield Mall in Silicon Valley is thriving with new stores and increased sales […]
Brazilian state-owned oil company, Petrobras, has signed a strategic cooperation contract with China's state-run CNOOC. The collaboration will focus not only on refining and chemical engineering but also on oil services and low-carbon energy projects, as reported by the media. CNOOC, which primarily specializes in overseas projects, already has a presence in Brazil with a […]
Bolivia will harness technology from Russia and China to extract lithium carbonate, a crucial component for manufacturing batteries, announced Franklin Molina, the Bolivian Minister of Hydrocarbons and Energy. The minister emphasized the importance of agreements with two Chinese and one Russian firms to local media. The agreements mandate transferring all patents and technology for DLE […]
In a groundbreaking revelation, scientists have unearthed evidence that Antarctica, currently a frozen desert, was once flourishing with life and vegetation. An expedition led to a surprising find; researchers discovered fossilized plant roots that date back to the dinosaur era. This region, now an icy expanse, was home to a rainforest 90 million years ago, […]
In Argentina, indigenous resistance builds up against the search for “white gold. Nati Machaca, a representative of indigenous groups in Jujuy, Argentina, part of the world’s largest lithium reserve, ‘Lithium Triangle,’ asserts that their land and water are being compromised by lithium mining. Despite being the fourth-largest lithium producer globally, locals in Jujuy claim they […]
Qatar Airways increases the number of flights to Brazil due to high demand. The Gulf state airways identifies Brazil as a key market in Latin America and is positive about its flight operations to the country. The Arab airline has a positive outlook for Brazil and will introduce its third daily flight between Qatar and […]
Mexican drug cartels want to expand into Brazil, reports the Intelligence Agency ABIN. The Sinaloa cartel, once led by the infamous Joaquín 'El Chapo' Guzmán, currently incarcerated for life in the United States, is reportedly planning to expand its operations into the largest Latin American country. It is suspected to have connections with the First […]
The Japanese startup Zippar’s infrastructure’s vision for traffic-free Asian cities is to develop self-driving aerial tramways. Founded in 2018 by Takamasa Suchi and Kyohei Yashima, the company plans to submit a bid for its first commercial project in Japan by March 2025. It has global market aspirations as early as 2029. Known as Zippar, this […]
(Opinion) Imran Khan’s turbulent journey is a symptom of Pakistan’s chronic ills. The dramatic turn of events surrounding former Prime Minister Imran Khan’s political and legal battles casts a long shadow on Pakistan’s already tumultuous political landscape. Khan, a former cricket star turned politician, has been a polarizing figure in Pakistani politics, facing allegations of […]
A Pakistan high court halted the prison sentence of former PM Imran Khan for corruption, as reported by a party spokesperson. It is uncertain if he will be immediately released. A spokesperson for Khan’s party, Tehreek-e-Insaf, stated that the Islamabad High Court overturned a lower court’s decision to imprison him for three years, barring him […]
At the B20 Summit in New Delhi, Embraer President, Francisco Gomes Neto, suggested a Possible Indo-Brazilian partnership and Angola's interest in Embraer C-390. This could involve producing the C-390 Millennium aircraft in India under the Make in India program. The aircraft was discussed at AeroIndia 2023, and the collaboration would support India's vision for self-sufficiency […]
Brazil and Argentina have agreed on a US$600 million export deal to finance Brazilian exports to Argentina, which is currently facing an economic crisis. Sergio Massa, Argentine Economy Minister and presidential candidate, met with Brazilian President Luiz Inácio Lula da Silva and Finance Minister Fernando Haddad to discuss trade financing mechanisms. The funding, aimed at […]
China no longer requires COVID-19 testing for entry. The country no longer mandates travelers to show COVID-19 tests, a notable move towards lifting health restrictions. China had enforced stringent measures for almost three years, occasionally isolating entire communities. Visitors had to quarantine in specified hotels, and some residents were forcibly confined to their homes to […]
Nine bodies found in eastern Brazil. The lifeless bodies of six adults and three minors were discovered in the metropolitan area of Salvador, the capital of the state of Bahia, as reported by the Civil Police. According to the report, seven of the bodies found were charred. They were located in two adjacent houses in […]
In the first quarter of the year, Chilean copper production cost rose by 29% compared to the same period in 2022, as reported by the Chilean Copper Corporation (Cochilco). This increase was attributed to decreased copper production and elevated prices of services. Cochilco’s report stated that the rise in costs in the initial three months […]
Brazil will reinstate visa requirements for US, Canadian, and Australian citizens from January 10, 2024, for tourism or business purposes. The Ministry of Foreign Affairs (MRE) announced the decision and published on several Brazilian consulate websites. However, some consulates still show the earlier deadline of October 1 of the current year. In 2019, former President […]
Brazil is planning to create 2 million formal jobs in 2023. The Labor and Employment Minister, Luiz Marinho, indicated that the government expects a net addition of 2 million legal jobs this year. Although the July employment figures will be positive, they will not meet the desired levels. In 2022, the Brazilian economy created 2.04 […]
Brazil starts taxing the super-rich. Brazilian President Luiz Inácio Lula da Silva approved a provisional decree to tax exclusive funds, termed "super-rich funds". This includes a 15-20% tax on income of exclusive funds, those with one shareholder. It's estimated that 2,500 Brazilians have investments in these funds, totaling 756.8 billion reals (US$151.36 billion), or 12.3% […]
Diosdado Cabello, PSUV’s first vice president, said on Venezuelan state TV that the U.S. fails to honor commitments and always lies. He emphasized that American leaders never keep their promises, referencing past discussions between Caracas and Washington. On Venezuelan TV, Cabello stated the US shouldn’t meddle in others’ affairs but does so because they see […]