While Sub-Saharan Africa contributes to 2.3% of global crypto trades, nearly 10% of its transactions are in Bitcoin, surpassing both North America and Eastern Europe. High inflation, especially in Ghana, pushes people towards Bitcoin as a safer bet. Nigeria also shines, ranking second globally in Bitcoin usage, only behind India. It boasts a 9% annual […]
Forex Suggest ranks Panama ninth among countries ready for crypto use in 2023. The study focuses on key factors like public interest, legal status, and industry numbers. It also looks at Bitcoin ATMs, tax burdens, and favorable laws. Scoring 5.83 out of 10, Panama shines in the top 20 list. A high number of Bitcoin […]
Ecuador’s Central Bank (ECB) has adjusted its 2023 GDP growth prediction from 2.5% to a more conservative 1.5%. Earlier in March, even higher growth of 3.1% was predicted. For 2024, a modest 0.8% growth is anticipated. According to the bank’s report, some sectors will perform well this year. For instance, retail and vehicle repair may […]
Chile is addressing its 2023 economic imbalances from the pandemic, anticipating a 0.5% GDP contraction this year. Despite this, a brighter future is predicted for 2024. A new Moody’s report forecasts an uptick in domestic spending as financial conditions improve. Moody’s suggests corporate credit quality will decline until 2024 due to dropping commodity prices. Yet, […]
The Federal Reserve faces a delicate balancing act with escalating oil prices. Historically, high oil prices have led to U.S. recessions by spurring inflation and reducing consumer buying power. The Fed must now decide whether to adjust its benchmark interest rate in response to these shifts. Oil prices have risen nearly 30% since June, largely […]
Colombian President Gustavo Petro called for a revamp of the world’s financial system at the United Nations. He highlighted the importance of swaps that exchange debt for climate action. Furthermore, Petro urged an end to economic sanctions. He backed initiatives that replace foreign debt with efforts against climate change. The President stressed meeting the Sustainable […]
El Salvador initiated diplomatic relations with six African countries, as announced by Foreign Minister Alexandra Hill. "This is a key moment as we aim to collaborate for mutual growth," said Hill. The Minister met Angola's Foreign Affairs head, Teté Antonio, at the UN in New York. They discussed potential trade and cooperation. Security and shared […]
Portuguese-speaking East Timor's government has approved the signing of two Memorandums of Understanding (MOUs) with China. The first focuses on enhancing trade, investment, and tourism. The Ministry of Planning and Strategic Investment of East Timor and China's National Development and Reform Commission will sign it. The second MOU aims to boost local development in the […]
August recorded a 5.08% decline in Mexico’s intentional homicides with 2,483 cases, making it the safest August in six years. However, the figure rose by a slight 0.77% compared to July. So far this year, there have been 20,076 homicides, or 83 a day. This average is 6% lower than last year’s daily rate. Remarkably, […]
Brazil's economy experienced a 0.44% growth in July compared to June, marking the second consecutive month of expansion, according to the Central Bank. This rate surpasses the 0.22% seen in June, suggesting a speedier growth trajectory. Year-over-year, economic activity in July was up by 0.65%. From January to July, the economy expanded by 3.21% relative […]
Three years after the last conflict, Azerbaijan has initiated a military operation in Nagorno-Karabakh. This disputed mountainous region has long been a sore spot between Armenia and Azerbaijan. According to Armenian authorities, the recent action has resulted in at least two civilian deaths and 23 injuries. Meanwhile, Azerbaijan claims it targeted only military installations. The […]
Venezuela has denounced Guyana’s recent oil auctions in disputed maritime areas. The government calls these activities “unlawful,” citing unresolved boundary issues between the nations. In response, the Venezuelan Foreign Ministry released a statement. It asserts that Guyana lacks sovereign rights over these waters. As such, actions there defy international law without a deal with Venezuela. […]
CET-Rio has designed a special traffic layout for the Fluminense vs. Cruzeiro soccer match. The game is on Wednesday at 9:30 PM in Maracanã Stadium. To manage the crowd, multiple streets near the stadium will close. From 7 PM to 1 AM, key roads will shut down. These include Professor Eurico Rabelo Street and Visconde […]
Brazil's Central Bank (BCB) is set to discuss interest rates this week, following their decision in August to reduce the Selic rate to 13.25%. A Valor survey indicates investors expect a similar cut to 12.75%. Until last year, the rate stayed at 13.75%. Then, it was the world's highest real interest rate at 7.54%. President […]
After residents protested on Monday, the Libyan city of Derna experienced a communications outage on Tuesday. They blamed local authorities for not maintaining the dams. Storm Daniel struck on September 10, causing dams to fail and widespread flooding. Protesters gathered near Derna’s Grand Mosque. They criticized the lack of early warnings about the impending flood. […]
(Opinion) Here’s how I feel about the ‘impeachment’ inquiry into President Biden. I know in my head and in my heart that this is nothing more than vulgar political accusatory theater, a depressing form of performance art with not an ounce of truth in it. But even believing as I do, that this is just […]
Brazilian president Luís Inácio Lula da Silva addressed the 78th UN General Assembly, emphasizing global challenges such as climate change and racial inequality. "The climate crisis endangers us all," he said. Additionally, he expressed faith in human potential. However, he warned that UN initiatives could fail. Specifically, he cited slow progress on the UN's 2030 […]
Singapore now ranks as the world’s most economically free nation, and a new Fraser Institute report explains this change. Previously, Hong Kong led the pack for over two decades. However, a decline in judicial fairness and legal stability caused its fall. The recent data from 2021 highlights this shift. Hong Kong’s government often boasted about […]
As Brazil’s Serie B soccer nears its conclusion, we delve deeper into the performances of the competing teams. Among those vying for a top-four finish, Vitória leads the pack. Remarkably, they’ve been in the top four for 26 rounds and held the top spot for 16 of them. Their lowest ranking was fifth, and that […]
Brazil's farming sector anticipates an 8.8% growth in Q3 2023, according to the Ministry of Finance. It was released last Monday. While lower than previous growth, it's still significant. In fact, it's four times the GDP growth rate, which is 2.2%. The ministry breaks down the economy into three parts. For industry and services, growth […]
Francisco da Silva, known as Tiquinho, gave his 43-square-foot house in São Paulo a complete makeover. He's 59 and works in recycling. The house lacked a bathroom and kitchen. Tiquinho bought it for about $500. Architect Ester Carro, 28, came across this house. She works with Fazendinhando, a local housing project. The house immediately became […]
Hardeep Singh Nijjar, a Canadian Sikh advocate for Khalistan in Punjab, was shot dead in Surrey, British Columbia. New Delhi had labeled him a terrorist. Justin Trudeau spoke in the House of Commons. He said, “Canadian agencies are investigating a link between Indian agents and Nijjar’s death.” Trudeau called any foreign involvement in such a […]
Ovidio Guzman pleaded not guilty to five counts, including drug trafficking and money laundering, in a Chicago court. Known as “El Raton,” he is the son of infamous drug lord Joaquin “El Chapo” Guzman. Last Friday, authorities extradited him from Mexico to the United States. Monday marked his first court appearance. Dressed in an orange […]
Former Mexican Foreign Minister Marcelo Ebrard unveiled “Mexico’s Path,” expressing dissent with the internal outcomes from his own Morena party. Claudia Sheinbaum won there, hinting at her 2024 presidential candidacy. At a press briefing, Ebrard clarified this initiative isn’t a new party. He emphasized that ‘Mexico’s Path‘ should spread nationally. “We aim to maintain our […]
On September 18, Argentina’s top criminal court reopened two cases against Vice President Cristina Fernández de Kirchner. The first case examined potential illegalities in hotel and property rentals. These include money laundering and criminal ties. The second focused on an Iran agreement. The court’s decision means a fresh review of the Hotesur-Los Sauces case. This […]