In August, Brazil's inflation rate rose to 0.23%. This data comes from the Brazilian Institute of Geography and Statistics (IBGE). In July, the rate was 0.12%. The IPCA measures Brazil's official inflation. From January to August, inflation was 3.23%. Over the past 12 months, it's 4.61%. July's annualized rate was 3.99%. Market experts expect September's […]
Mozambique's President Filipe Jacinto Nyus met Vietnam's Vice President in Maputo. The meeting was part of her four-day work visit. The aim was to strengthen ties between the two nations. The President invited Vietnamese investors to consider Mozambique. He highlighted areas like farming, mining, and fishing as good opportunities. The goal is to boost current […]
Mozal, a factory near Maputo, aims to hike its aluminum output by 40,000 tonnes this fiscal year. General Director Gil Cumaio states the new target is 578,000 tonnes, up from 538,000 last year. "Improved operations drive this growth," says Cumaio. "Recent investments might also lift export levels." Last year, the firm mostly shipped aluminum to […]
By July 2023, Peru's farm and livestock exports hit US$4.3 billion. This data comes from the Ministry of Foreign Trade and Tourism. Grapes, blueberries, and avocados are the top earners. These fruits made US$664 million, US$239 million, and US$820 million, respectively. Total exports for July reached nearly US$5 billion. This is a 6% rise compared […]
Argentina’s blue dollar is on the move, hitting a buy rate of US$725 and a sell rate of US$730. This uptick comes after a calm period in late August and early September. The blue dollar’s rise marks a US$20 jump in just two days. As a result, the gap with the official rate has grown […]
El Salvador now has about 100,000 prisoners, says the Security Ministry. This spike follows President Nayib Bukele’s steps against gangs. Since March 2022, police have arrested over 72,600 people for suspected gang links, says Justice Minister Gustavo Villatoro. The country jailed 1.6% of its 6.3 million residents. This is three times higher than the U.S., […]
Guyana’s economy will grow by 38% this year, says the International Monetary Fund (IMF). First tapped by Exxon Mobil in 2015, offshore oil reserves have made the nation’s economy four times larger in five years. The IMF sees this rapid expansion continuing. “The mid-term growth looks brighter than ever,” notes the IMF report. The agency […]
Petrobras and Shell want to invest in Colombia’s offshore gas fields, says Ecopetrol CEO Ricardo Roa. Recent finds in deep water show lots of gas, enough to make Colombia an exporter. Both firms have shown keen interest, Roa stated in a chat. “We’ve told the market that new and current players are welcome in these […]
The US and EU are teaming up to boost the Lobito Corridor. This trade route links Zambia, Angola, and the Democratic Republic of the Congo (DRC). The focus is on Angola's Lobito Port for international trade. Initial steps involve feasibility studies for a new Angola-Zambia rail line. Both powers are offering technical and financial help. […]
BYD, China’s leading electric car maker, is in talks to build a factory in South Africa. Both parties are still discussing the details. No information on the location or timeline is available yet. A local factory would let BYD use South Africa’s key minerals and lower car prices. The South African Cabinet confirmed they are […]
The UN reports that rice prices went up globally in July and this increase also touched Brazil. The Food and Agriculture Organization (FAO) tracks these changes monthly. In August, the global rate rose by 10%. In Brazil, the increase was 5%, in terms of dollars. Rice costs in Brazil have jumped 30% over the past […]
Economist Robin Brooks is optimistic about Brazil's economy and suggests Argentina would benefit more by tying its currency to Brazil's Real. He once worked for the International Monetary Fund (IMF). Now he is the Chief Economist at The Institute of International Finance (IIF). He shares his views on Twitter to 266,000 followers. Recently, he started […]
Fears about China’s economy are changing global investment trends. A Bank of America survey shows a move towards U.S. stocks. The survey included managers overseeing US$616 billion. None expect China’s economy to grow stronger, a shift from 78% in February. Investments in emerging markets have dropped. The overweight exposure has fallen from 34% to 9% […]
Northern Mali rebels capture an Army outpost. The Permanent Strategic Framework (PSF), a separatist group, has taken over a military base in Bourem, Gao region. The PSF says this action responds to provocations from Mali’s army and Wagner, a Russian private security firm. They also control key spots formerly held by government troops. The PSF […]
On October 22, Venezuela’s opposition will hold a primary vote, and over 1,000 people will assist at voting centers abroad. This vote will pick the presidential candidate for 2024. The National Primary Commission (NPC) made this announcement. Eighty-seven voting centers are ready in 30 countries. These will serve 397,168 eligible voters living outside Venezuela. Eighty-five […]
In 2022, the U.S.-Mexico border saw 686 deaths or disappearances, says a report by the International Organization for Migration (IOM). This count makes up nearly half of the 1,457 similar incidents across the Americas. Since 2014, when IOM started tracking, last year was the deadliest. The report detailed 668 deaths on this border alone. It […]
The U.S. government started a major court case against Google on Tuesday. They want to know if Google unfairly dominates online search. Kenneth Dintzer, a Justice Department lawyer, said the trial is about Google’s future competition. The U.S. claims Google made illegal deals with Apple, Samsung, and Firefox. These deals set Google as the default […]
A storm named Daniel hit Derna in eastern Libya, causing a massive loss of life. Emergency services confirm over 2,300 deaths and thousands missing. In Derna, a city of 100,000, visuals show collapsing buildings by a river. Two dams broke, worsening the flood. An emergency spokesperson, Usama Ali, reports 2,300 deaths, 7,000 injuries, and 5,000 […]
On Tuesday, Israel’s High Court began reviewing appeals against a hotly debated judicial reform. The 15 judges gathered to hear challenges to a clause. This clause limits the court’s role in assessing government or legislative actions as “reasonable.” Ratified in July, the rule curbs the court’s power to strike down laws or government moves. Just […]
Amid a summer of dwindling Consumer Price Index (CPI), China confronts growing fears of economic downturn. This affects not just consumers but also businesses trying to stay afloat. For instance, Xiu Ying recently cut the price of her Beijing apartment, blaming weaker demand on economic uncertainty. Previously a pillar of China’s economic growth, the real […]
Mabrian, a travel data firm, studied average airfare from July 2021 to June 2023. They looked at 157 countries. Their study found global airfare rose by 31%. Budget airline prices also went up by 6%. In June 2023, Qatar, Mali, Jordan, Panama, and Sudan are the most costly places to fly to. The cheapest are […]
After a meeting in New Delhi, Saudi Prime Minister Mohammed bin Salman plans to invest in Brazil. He met with President Lula at the end of the G20 Summit. The investment focus includes tourism and other areas like oil and energy. The two nations will discuss this more in future talks. Saudi Arabia recently joined […]
(Opinion) The EU’s new anti-deforestation law is a well-meant policy. Its goal is to protect crucial forests, like the Amazon. Yet, the law has sparked global concern. Countries like Brazil, Indonesia, and 15 others say it’s unfair and punitive. The law came into effect on June 29. It bans the import of products like palm […]
An Argentine Air Force C-130 Hercules faced a landing gear problem in Brazil. Importantly, no one got hurt. The plane was on a planned stop in Natal, Brazil, flying from Israel. It was carrying HERO munitions made by UVision. Before Brazil, it stopped in Italy, Malaga, the Canary Islands, and Cape Verde. To fix the […]
The EU's new anti-deforestation law has ruffled feathers. Brazil, Mexico, Colombia, and 14 other nations have voiced concerns. They sent a joint letter to EU leaders. The law, they say, is unfair and punishes them. Enacted on June 29, the law limits imports. Seven items like palm oil and cocoa can't come from deforested lands. […]