In August, Argentina’s yearly inflation hit 124.4%, which is an 11-point jump from July’s 113.4%. The National Institute of Statistics and Censuses, or Indec, released these figures today. The inflation rate for that month stood at 12.4%. This is almost double July’s 6.3%. It’s the country’s highest monthly rate in 21 years. Food prices rose […]
Central Asia is losing its glaciers fast due to climate shifts, but te ice masses are vital for local people. To tackle the issue, regional science cooperation is growing. A recent talk at the Astana Forum highlighted this. The head of UNESCO talked about more teamwork in water management. Thanks to the Global Environment Fund, […]
A regional military team has weakened insurgent attacks in northern Mozambique. This area is crucial for a US$20 billion natural gas venture. Major M.K. Letshwiti, a spokesperson, said the militants are now hiding in remote forests. People have started returning to their homes, and businesses are reopening. Since last year, SADC and Rwandan forces have […]
Peru’s INDECI has shut 102 coastal ports for at least 24 hours due to strong wave alerts, and local and regional officials received advice to guide residents on how to stay safe. Officials also recommend stopping all fishing. They suggest small boats should return to shore. “Avoid sports and fun activities while waves are high,” […]
Military airstrikes killed at least 40 people in Nyala, South Darfur’s capital, where strikes hit two markets and various neighborhoods. A medical source confirmed the death toll from a local hospital, asking to stay anonymous for safety. Darfur, housing one-fourth of Sudan’s residents, faces ongoing conflict between the army and paramilitary forces. Since August 11, […]
For the fourth month, Mozambique saw lower inflation rates, but living costs haven't dropped. The August Consumer Price Index (CPI) was 4.93%. This is down from 5.67% in July and 6.81% in June. Stats from cities like Maputo and Beira show a slight deflation of 0.12%. Food and drinks had the most significant negative change, […]
Portuguese-speaking Guiné-Bissau is facing tough times with a big budget gap and a power bill crisis. The country's Finance Minister, Suleimane Seide, says the budget shortfall is almost 30% of the nation's economy. This is far higher than the less than 4% agreed with the IMF. The nation got US$36 million from the IMF for […]
Chile’s Finance Minister Mario Marcel says the nation’s economy is close to stable and points to eased price pressures as proof. The current yearly inflation rate is about a third of last year’s. It is expected to hit 4% by December. This rate is just over the Central Bank’s 3% target. “We’ve almost stabilized the economy […]
Recent setbacks in a few international offshore wind ventures may raise questions about its economic soundness, yet they don't portray the whole industry. In fact, average costs for offshore wind projects have steadily decreased, pulling in diverse companies, even oil giants like Petrobras, Equinor, and Shell. A report by A&M, in association with Brazil's Wind […]
Brazil's President, Luís Inácio Lula da Silva, welcomed two new ministers into his cabinet. André Fufuca will oversee Sports, and Sílvio Costa Filho will handle Ports and Airports. The ceremony took place at the Planalto Palace in Brasilia. Fufuca comes from the Progressive Party, a recent ally of ex-President Bolsonaro. Costa Filho belongs to the […]
On Tuesday, the House approved a new amendment that lets Brazilians keep their citizenship if they get another. The Senate passed this bill in 2021. Now it waits for the President’s signature. Under the new rules, you can lose Brazilian citizenship in two ways. The first is if you ask to give it up after […]
Before his fifth surgery due to a 2018 attack, former President Jair Bolsonaro discussed his legal and political outlook. In an interview, he vehemently denied having a role in any coup attempts during his term. He also refuted involvement in the violent actions on January 8. Bolsonaro feels bothered by ongoing
Gramado in Brazil will host the country's largest Hard Rock resort. The hotel aims to open in 2027. It will offer 858 rooms, five eateries, a spa, stores, and an event area. The estimated budget is R$1 billion or US$200 million. The resort will cover about 143,000 square meters. Several companies are involved. Mundo Planalto […]
Sebastião Coelho da Silva, the lawyer for Aécio Lúcio Costa, says Brazilian Justice Alexandre de Moraes should recuse himself. Costa is on trial for January 8 events, termed an anti-Lula coup by some. Silva didn't specify why but pressed Moraes to recuse himself before voting began. Silva states, "Your honor, you might be biased. Please […]
The IMF reports that global debt dropped for the second year in 2022, yet, it remains higher than before the pandemic. In 2022, this debt equaled 238% of the world’s GDP. That’s a 9% rise from 2019 levels. The debt total reached US$235 trillion in the same year. Many governments increased their spending. They aimed […]
Animal deaths on Uruguay's beaches are rising. First, Magellanic penguins were found dead. Now, sea lions are also dying. Tests show they have the H5 bird flu virus. Several ministries in Uruguay gave a warning. They said, "Avoid contact with these sea lions. The sea lions suffer from muscular and breathing problems due to the […]
Household debt levels have surged over the past five years in key Latin American countries, including Brazil, Mexico, Chile, Colombia, and Peru. According to a Tuesday report by Moody's Investors Service, this increase has created vulnerabilities in their financial systems. The exposure to consumer loans varies by country. Brazil leads the pack, with over 40% […]
U.S. Scientists may have found the world’s largest lithium stash under a volcano between Nevada and Oregon. Researchers from Lithium Americas, GNS Science, and Oregon State University made this discovery. They shared their findings in Science Advances on August 31. The team thinks the McDermitt Volcano holds 20 to 40 million tons of lithium metal. […]
David Bradbury from the OECD praised Brazil's latest tax changes. His comments came before a new OECD report was released. This study looks at 75 countries and their tax actions over the last year. Brazil set a temporary 9.2% tax on crude oil exports, similar to other nations. It also aims to introduce a Value […]
Lufthansa will increase Rio de Janeiro flights from Galeão Airport in 2024, offering six weekly flights from three. This expansion connects Rio and Frankfurt Airport, previously served by Munich. Felipe Bonifatti, General Manager for South America & the Caribbean, says, "More options for Rio customers and connections in Germany and Brazil." Lufthansa will use Airbus […]
Airbus's Eurofighter and Dassault's Rafale are competing in Bangladesh. The country wants to buy eight fighter jets. An option for four more exists. India's Tejas LCA is also in the race. A Bangladesh official hints at favoring a European model. French President Emmanuel Macron recently visited Dhaka. This two-day trip was his first in 33 […]
Brazilian officials support a tech hub at the Brazil-Uruguay border known as the “peace frontier.” It has 154,000 residents. Rivera, in Uruguay, has a science park opening in January 2024. It will focus on innovation. Leonardo de Freitas, a Brazilian coordinator, said a tech hub is part of Brazil’s future plans. Freitas says talks about […]
EU Commission President Ursula von der Leyen wants to finish trade talks with Mercosur and Mexico this year. She made this clear in her State of the Union speech. "Smart trade creates good jobs and wealth," she said. Earlier this year, the EU and Mercosur resumed their trade talks. They had reached a first-stage agreement […]
This week would have marked Paul Walker’s 50th birthday who is best known for his role in Fast & Furious. He passed away in a car crash in 2013. His daughter, Meadow, posted a heartfelt tribute on Instagram. Meadow called Paul her “guardian angel.” She thanked him for his love, guidance, and teachings. “You taught […]
Spain stands out as the only OECD country with an unemployment rate above 11%. In July, it dipped slightly to 11.6%. This week, the OECD released jobless numbers for its members. Greece just dipped under 11%, landing at 10.8%. In July, the overall OECD jobless rate ticked up to 4.8%. This is a tiny rise […]