This year, São Paulo experienced its warmest winter since 1961, with the National Institute of Meteorology (INMET) reporting an average temperature of 26°C. The previous record stood at 25.2°C in 1961. Winter officially ended early Saturday, making way for spring. The forecast for Friday showed a high of 34°C. This would top the year's previous […]
Brazil's Supreme Court STF started hearings on decriminalizing abortion up to 12 weeks. Justice Luís Roberto Barroso paused the session for in-depth discussion. The topic was set for electronic voting but will now shift to face-to-face debates. Many expected a Justice to interrupt the STF online session. Importantly, the court aims to review the criminal […]
Ethiopian Airlines has won the ‘Best African Airline’ award at the 2023 Business Traveller Awards. This is the fourth year in a row for the airline. CEO Mesfin Tasew was thrilled. “This award is special, coming at the start of our new Ethiopian year of 2016,” he said. He thanked both loyal customers and the […]
Mozambique's Central Bank held its key interest rate steady at 17.25% last Friday. The bank cited increasing inflation uncertainties as the main reason. Even so, it expects single-digit inflation in the medium term. In August, the annual inflation rate fell to 4.9%, down from 5.7% in July. A drop in food prices mainly fueled this […]
Brazil's Federal Budget Office revised its 2023 fiscal outlook, lowering the projected deficit to R$ 141.4 billion ($28.7 billion) from R$ 145.4 billion ($29.6 billion). Accordingly, this represents 1.3% of GDP, a slight drop from 1.4%. Next, the office announced an additional budget cut. They will slash R$ 600 million ($122 million) from discretionary expenses […]
In the first half of September 2023, inflation in Mexico dipped, with a report by Inegi indicating a 0.25% rise in the consumer price index from the previous period. This sets the yearly rate at 4.44%. Analysts had forecasted a rate close to this, at 4.48%. This marks the lowest rate since March 2021. Interestingly, […]
Brazil's corn production is up, offering an unexpected boon to the global sugar market. High sugar prices may soon fall. As corn becomes more profitable for ethanol, sugar mills are making more sugar and less biofuel. Market analyst Eder Vieito points out to Bloomberg Linea that this could help consumers facing high food costs. Bad […]
From January to August, Cuba saw 1.67 million international visitors. According to the National Office of Statistics and Information (ONEI), this is a two-thirds increase compared to last year. However, the nation is unlikely to meet its 2023 target of 3.5 million tourists. The high season included, Cuba hasn't even reached half of its yearly […]
Walewska Oliveira, a gold medal-winning Brazilian volleyball player, passed away in São Paulo at age 43. The cause remains unknown. São Paulo’s Public Security Department is looking into the matter. They’ve called forensic experts to assist. For now, the department keeps specific details confidential. This ensures an independent police investigation. The Brazilian Volleyball Confederation expressed […]
Known for its WWII battle and automotive legacy, Dunkirk now leads Europe’s electric vehicle (EV) revolution. The city is drawing attention from both Asian and local firms as Europe aims to reduce its reliance on Chinese EV parts. ProLogium, a Taiwanese company, is investing €5.2 billion ($5.564 billion) in a Dunkirk factory specializing in solid-state […]
Balneário Camboriú, Brazil's most luxurious beach destination, has a new attraction: the region's largest Jurassic Adventure Park. Last night, the grand unveiling took place. Public officials and tourism leaders were among the 500 guests present. Covering 30,000 square meters, the park showcases over 100 animated and static dinosaurs. A R$60 ($12) million investment fueled this […]
Moody's recent reports show mixed fortunes for corporate bonds in Latin America. Brazil faces challenging times for the rest of 2023. In contrast, Mexico shows promise. Moody’s also points to weak loans in Argentina and the El Niño impact in Colombia. In Brazil, Moody’s predicts low commodity prices until 2024. This affects many companies. Consumer […]
Brazil's Supreme Court STF upheld former President Dilma Rousseff's political rights. The ruling came after her 2016 impeachment over alleged fiscal misconduct. An ongoing Petrobras corruption investigation is also in play. Six judges announced their support first. These include Rosa Weber and Alexandre de Moraes, among others. This STF decision responds to a lawsuit from […]
In a tough trade year, Brazil claims the top spot as Uruguay's main partner. The University of Montevideo (UM) confirms this. Brazil is 25% of Uruguay's exports in August. For the year, it's 22.2% of total trade. Brazil recently passed China in global trade deals. Trade balance worsens this year, showing a $1.88 billion deficit. […]
High inflation and escalating interest rates are hampering Germany’s economy, leading to job market impacts, according to a recent IAB study. According to the report, job opportunities are as scarce as during the pandemic. For 2023, the study predicts a rise in unemployment by 190,000. Another 60,000 will be jobless in 2024. Long-term unemployment is […]
Russia is cutting back on gasoline and diesel exports to address local shortages and high prices. There's no set end date for these limitations. Brazil, a major importer of Russian diesel, will feel the pinch. High oil prices, a weak ruble, and seasonal refinery work have driven up Russia's fuel costs. Russia's Energy Ministry says […]
Brazil's recent heatwave will extend into spring, says the National Institute for Space Research (INPE). They forecast higher temperatures and more rain, especially in the South. The North and Eastern Amazon may get less rain than usual, according to INPE. Gilvan Sampaio, a lead researcher at INPE, says El Niño will influence Brazil until early […]
Israel recently introduced the Barak, its latest main battle tank developed over five years, to the 52nd Armored Battalion. Various defense firms, including Elbit Systems and Rafael, collaborated on this project. Initial tests began in 2020, leading to its current deployment. Firstly, the tank features advanced sensors. These sensors enable real-time data sharing with other […]
São Paulo's Guarulhos Airport now uses LATAM's AI to manage passenger flow. It's the first system of its kind in Latin America and is set up at domestic check-in counters initially. This innovation is a joint effort between LATAM Labs and Proc Group. Nine cameras capture and convert passenger movements into usable data. These insights […]
August 2023 was special for Brazil's domestic air travel, says the National Civil Aviation Agency (ANAC). Passenger numbers reached 8.2 million, a 12.8% jump compared to the same month last year. Meanwhile, passenger revenue per kilometer (RPK) increased by 7.9%. Compared to August 2019, the number of travelers rose by 4.3%. Revenue saw a similar […]
Foreign ministers from Brazil, Germany, Japan, and India met in New York. They gathered during the 78th UN General Assembly. The topic was urgent: reforming the UN Security Council. They warned that delays weaken the Council’s role. Brazil’s President also weighed in. In his opening speech, he said the Council is losing trust. He urged […]
A new MapBiomas study finds 41% of Amazon's mined areas were developed in the last five years. Illegal mining in Brazil increased by 35,000 hectares in 2022, with the Amazon holding 92%. National parks and indigenous lands are particularly affected. MapBiomas reports that mining has taken place in these areas for over 20 years. However, […]
The poverty rate in Argentina rose from 36.5% last year to 40.1% in the first half of this year. This increase adds an estimated 1.7 million people to the nation’s poor. The data comes from the National Institute of Statistics and Census (Indec). They plan to release finalized numbers next week. Martin Rozada, the report’s […]
Lima experiences a crime surge, causing the government to announce a state of emergency. Both local and international gangs are involved. The crimes mainly include drug trafficking, assassinations, and abductions. From January to August this year, over 12,700 extortion cases were reported, a considerable rise from last year. Most of these cases are concentrated in […]
The Magdalena Channel is vital for Argentina, as 80% of the nation’s exports flow through its waterways. Yet, most ships take a detour through Uruguay. This setup limits Argentina’s full control over its trade routes. However, the Magdalena Channel offers a quicker path to international waters. The Argentine government recently started a bidding process for […]