Mexico aims to rejoin the G77+China group, the largest coalition of developing nations within the UN framework, to participate in global discussions. Alicia Barcena, the Foreign Minister, made this known at a Global South summit in Havana. The meeting focused on science, tech, and new ideas. Barcena says Mexico aims to shape a better world. […]
This year, eight new factories are set to join the Luanda-Bengo Zone (ZEE), a cornerstone of Angola's new economic strategy led by Manuel Pedro. Food processing will be a focus. Manuel Pedro, ZEE's CEO, says to local media they're part of 20 upcoming projects. These projects could create 14,000 jobs. Half of the jobs will […]
Brazil's Department of Agriculture reported a 6.6% rise in farm exports in August compared to last year. These sales made up 50.4% of Brazil's total exports. Falling global food prices played a big role in this surge. Key crops like corn, soybeans, and soy meal set records in value and volume. According to the ministry, […]
Emerging market currencies are having a strong week, thanks mostly to Latin American money. European currencies trimmed losses this Friday. Brazil, Colombia, and Mexico saw their currencies rise. These countries offer high interest rates, attracting risk-friendly investors. These gains follow new U.S. inflation data and signs of a stable economy in China. In contrast, Peru's […]
Brazil's President arrived in Havana today to attend the G77+China summit scheduled for tomorrow. This event gathers leaders from many developing nations. They aim to boost international cooperation. In Cuba, the President will talk with Cuban leader Miguel Díaz-Canel. They will discuss trade limits against Cuba, mostly by the U.S. They'll also talk about partnerships […]
Mauritania and Nigeria are initiating key gas pipeline projects to revamp their energy sectors. Nigeria’s EPCM Holdings and Mauritania’s SNIM are constructing a 750km pipeline together. This pipeline will link Grande Tortue Ahmeyim and Birallah offshore fields to Nouakchott and Nouadhibou. Mauritania’s Oil and Gas Master Plan, supported by the World Bank since 2021, guides […]
Guyana’s VP Bharrat Jagdeo declared the first oil block auction a “success,” as the government received offers for eight out of the 14 available blocks. Jagdeo said they would review all bids by the end of the year. According to him, the eight blocks attracted 14 bids from six companies. Jagdeo also mentioned that the […]
Nearly one-third of the world lacks stable access to food, says a UN Food and Agriculture report. The study warns that many countries are off track to reach the 2030 Sustainable Development Goals. Food prices remain high, according to 2021 data, at over 21%. From 2015 to 2019, the average rate was only 15.2%. According […]
Remembering Botero, Colombia's iconic artist - Fernando Botero, a Colombian artist known for his unique style, died at 91. His daughter, Lina, announced the news in a radio talk. He spent his final days in a Monaco hospital battling pneumonia, although he had long-term Parkinson's disease. The President of Colombia acknowledged the artist's passing on […]
Vietnam’s 10% export drop from January to August highlights its challenges in rivaling China in manufacturing. This drop contrasts with a 17% growth last year. Big companies like Samsung feel the impact too. The country lacks skilled workers and good infrastructure. Only 11% of workers have special training. Poor roads and frequent power outages add […]
Yesterday's data indicates a 7.8% increase in Brazil's tourism activity in July compared to the same month in 2022, marking a rebound in the industry. The broader service field, including travel, grew 12.8% over last July. The report says higher air travel, car rentals, and dining revenue fueled this growth. Other drivers include public road […]
Brazil's government plans to invest in Bolivia's petrochemical plants, with the main goal of creating a stable fertilizer market, according to Bolivia's energy minister. Franklin Molina Ortiz said the countries will work together on specific projects. These plans come from high-level talks about how to pay for the investments. The talks followed earlier meetings with […]
In September, Brazil's industry confidence dipped to 51.9, a 1.3-point decrease from August. Still, it's above the 50-point optimism benchmark. Yet, it's below the 54.1 historical average. The National Industrial Confederation CNI notes concerns. Current views on Brazil's economy caused the drop. The Current Conditions Index stayed at 47.3 points. This index was recovering before. […]
After China announced new economic stimuli, the financial market reacted positively, pushing the dollar below R$ 4.90. The stock index reached over 119,000 points. This is its peak since early August. On Thursday, the dollar closed at R$ 4.873, showing a decrease. It started steady but declined during trading. The last low was on August […]
The National Treasury meets investors in New York, London, and Boston this week to discuss a new green bond. This marks Brazil's debut in this sector, sources told local media. The meetings set the stage for a bond worth $1 to $1.5 billion. It might mature in 10 years. The bond could launch by this […]
Luís Inácio Lula da Silva's backing of Vladimir Putin at the G20 summit brought Brazil's relationship with the International Criminal Court ICC into the limelight. Lula assured Putin, who has an ICC arrest warrant against him, of no arrest in Brazil. However, ex-Supreme Court Minister Celso de Mello emphasized Brazil's duty to cooperate with the […]
Neymar will debut for Al-Hilal in a highly-anticipated Saudi Pro League match against Al-Riyadh. The venue is the Prince Faisal bin Fahd Stadium in Riyadh. Kickoff is at 3:00 p.m., local time in Brasília. Neymar’s transfer makes headlines in the Saudi league. He holds records in Brazil for most goals scored. Yet, ankle injuries have […]
Three years after the Abraham Accords, Israel is pursuing formal relations with Saudi Arabia, a major influence in the Middle East and globally. The nation has significant business and religious influence. Secret meetings between the two countries have happened for years. Still, Saudi Arabia has not officially recognized Israel. This is partly due to its […]
Yesterday, the European Commission received a crucial proposal from Mercosur that could seal an association agreement this year. It focuses on environmental protection. Both sides held a virtual meeting on the same day. They discussed how to end negotiations by the end of the year. Their presidents also made this commitment. Earlier in the week, […]
In July, Italy’s public debt reached €2.86 trillion (US$3.06 trillion), a €10.4 billion (US$11.13 billion) jump from June, the Bank of Italy reports. The Treasury’s cash rose by €26.6 billion (US$28.46 billion), offsetting a €16.7 billion (US$17.87 billion) public fund surplus. Central offices increased their debt by €11.3 billion (US$12.09 billion). Local offices reduced debt […]
Brazil's service sector volume increased by 0.5% in July, marking its third consecutive month of growth. Over these three months, the sector has gone up by 2.2%. Yearly data shows a 3.5% increase in July. The sector has gained 4.5% so far this year. This info comes from the stats agency's IBGE's Monthly Services Survey. […]
Havana is hosting the G77+China Summit on September 15-16, welcoming leaders and representatives from over 100 countries. They will discuss current challenges and science’s role in Southern nations. The deputy foreign minister said a final declaration was already approved in New York. This document covers key stances of 134 member countries on important global topics. […]
The Ministry of Agricultural Development and Irrigation announced that Peru's farm exports reached $4.825 billion from January to July 2023. Bad weather didn't stop this growth. Out of this total, $4.547 billion came from unique farm goods. Avocados led the sales with 17%, followed by fresh grapes at 15%. Fresh cranberries made up 4.9%, and […]
Ecuador’s President, Guillermo Lasso, asked Spain’s Prime Minister, Pedro Sánchez, to lift the Schengen visa rule for Ecuadorians. Lasso took to social media to share details of his chat with Sánchez. He wants Spain to push the EU to discuss this visa waiver. Ecuador has made good progress on global security norms, such as biometric […]
By the end of August 2023, Paraguay's soybean exports had soared by 130.2% compared to the same period in 2022. A recent report says the country shipped 4.735 million tons of soybeans. Last year, the figure stood at 2.057 million tons. This is an increase of 2.678 million tons. Central Bank data shows these shipments […]