Uruguay’s inflation rate hit 4.11% in August. This stays within the government’s goal of 3% to 6%. A report came out on Tuesday showing a 0.17% change for the month. The yearly change so far is 3.58%. Last year, in the same month, the rate was 9.54%. The report also broke down changes by category. […]
Family farms dominate Angola's agricultural sector. Manuel Dias, Angola's National Director of Agriculture and Livestock, stated that small family farms are the backbone of the country's agriculture. However, he pointed out that this model does not fully ensure food and nutritional security for Angola's population. Dias made these comments while discussing sustainable farming at the […]
The EU backed renewable energy in Africa at the first Africa Climate Summit in Nairobi. At the same event, the UN urged rich nations to keep their funding promises. UN chief António Guterres spoke to African leaders. He said Africa faces harsh climate effects but contributes little to global emissions. Guterres asked wealthy countries to […]
Brazilian fintechs gain ground in Latin America. Sisters Daniela and Juliana Binatti left their jobs to start a FinTech. Visa bought their company Pismo for US$1 billion. Pismo started in 2016. It's the latest success in Brazilian FinTech. This sector is big in Brazil and Latin America. Daniela began her journey young. At 16, she […]
Egypt’s President Abdel Fattah al-Sisi wants to limit births. He points to China’s old one-child rule as a guide. “We should aim for 400,000 births a year,” he says. Egypt has 105 million people and had 2.2 million births in 2022. Health Minister Khaled Abdel Ghafar disagrees. He says having kids is a “total freedom.” […]
Overall, industry output is down by 18.7% from its peak. Durable and capital goods output in Brazil sees a nearly 40% drop, according to the stats agency IBGE. Durable goods fell 42.1% from their best in March 2011. Capital goods sank 39.1% from their high in April 2013. All four major industry categories lag behind […]
Global funds sold a record amount of Chinese stocks. This made foreign investment in China’s stock market the lowest since last October. This was when China had strict COVID-19 rules. Many foreign fund managers doubt China’s new economic plans. In August, they sold US$12 billion of China’s stocks through Hong Kong. This is the highest […]
The UN's Economic Commission for Latin America and the Caribbean (ECLAC) predicts 1.7% growth for Latin America in 2023. This is compared to the growth in 2022. The forecast comes from ECLAC's recent report. South America may grow by 1.2%. Central America and Mexico could see a 3% rise. The Caribbean might lead with a […]
A report shows Brazil invests four times more in science than Mexico. Investing in science shapes a country's future. A Universidad Austral of Buenos Aires study shows Brazil is leading in Latin America. Chile is also ahead, spending three times more than Colombia and twice as much as Argentina. The study breaks down the numbers. […]
(Opinion) My eyes fill with tears. How could 6 out of 8 wannabe GOP presidential candidates sharing the first debate stage of the 2024 U.S. Presidential primary campaign show their willingness to support a candidate for the Presidency of the U.S., even if that candidate had been convicted of a felony by a jury of […]
Brazil aims to build the world's largest port facility. The country has introduced the Itaporto project with a vision to connect the Atlantic and Pacific Oceans via the Bioceanic Corridor. Announced at a gathering of maritime and coastal communities, the meeting saw participation from Argentina, Brazil, Bolivia, Chile, and Paraguay. Located in six different cities […]
Venezuela's Navy showed new ships and missiles. The country held a big parade on July 24. The event marked two special days. It celebrated the 200th anniversary of the Battle of Lake Maracaibo and Navy Day. Admiral Neil Villamizar Sanchez spoke at the event. He talked about new upgrades to the Navy. The Navy has […]
Novo Nordisk became Europe’s most valuable company after launching Wegovy in the UK. The firm is known for Ozempic, a diabetes drug. A stock jump of 2.47% raised its market value to US$428 billion. It briefly overtook LVMH, valued at US$419 billion. Wegovy launched in the UK recently in a limited manner. The drug is […]
China’s Yuan reaches 3% in global payments, the Central Bank says. On September 3, 2023, Jin Zhongxia spoke at China’s Annual Finance Forum. He leads the International Department at China’s central bank. He said the financial sector needs to open up more. At the same time, it has to stay stable. He noted that the […]
Petrobras announced 11 new platforms in Brazil's pre-salt oil layer by 2027. This will boost oil production in coming years. The company aims to raise its daily output from 2.06 million to 2.4 million barrels by 2027. The total output could reach 3.6 million barrels per day with partner fields. The first new platform, FPSO […]
Brazil eases visa regulations for Portuguese-speaking countries. The Lula government has released new favorable rules for temporary visas and residency. Justice Minister Flavio Dino and Foreign Affairs Minister Mauro Vieira made the announcement on September 5, 2023. These rules come from a pact among the Community of Portuguese Language Countries (CPLP). Nine countries are in […]
Daniel Noboa leads in polls with 54.87% for the upcoming runoff vote in Ecuador. His opponent, Luisa González, has 45.13%, says a Comunicaliza survey. Many undecided voters lack enough information to choose. One in five undecided voters like both candidates. The survey counted 8.6% of votes as blank or invalid. Undecided voters make up 12.9%. […]
The National Federation of Vehicle Dealers (FENABRAVE) reported a 10.9% rise in new car sales in Brazil from January to August 2023. This is compared to the same period in 2022. They registered 1,347,065 new vehicles in these eight months. In the same months of 2022, the number was 1,214,692. In August, 196,878 new cars […]
The Colombian Government and the ELN rebel group reached new agreements in Caracas. They wrapped up their fourth peace talk session. The first agreement sets up a humanitarian action plan. The second creates special zones for these actions and assures a two-sided ceasefire. The third plan discusses how to handle political prisoners and jailed ELN […]
Petrobras will team up with UAE fund Mubadala to study bio-refining and renewable fuels. The deal involves MIC Capital Partners, owned by Mubadala. The goal is to help Petrobras in bio-refining projects. Jean Paul Prates, the CEO, supports the deal. He said it helps Petrobras aim for a sustainable future. Last year, Petrobras sold its […]
Bolivia and Brazil plan to boost trade and industry. Bolivia’s Energy Minister Franklin Molina talks about stronger ties with Brazil. They plan to invest in new fertilizer plants. Irajá Lacerda, Brazil’s Deputy Agriculture Minister, agrees. Brazil wants to buy potassium chloride, urea, and NPK from Bolivia soon. Bolivia is about to open new plants for […]
The new Gabon military leader General Brice Oligui Nguema vows free election and civilian rule. He took power in Gabon five days ago. The General promises to give power back to civilians but didn’t say when. The army ended Ali Bongo’s 14-year rule on August 30. They claimed his re-election was rigged. The next day, […]