North Korea has reopened its borders to foreign nationals, reports China’s state-run TV, CCTV. This move ends a three-year closure caused by the Covid-19 pandemic. According to the report, incoming travelers must undergo a two-day quarantine. However, North Korean media hasn’t confirmed this development yet. Initially, North Korea shut its borders in early 2020, even […]
Amazon intends to invest $4 billion in the AI startup Anthropic, bolstering its ambition to lead in AI. Anthropic will shift most of its software to Amazon Web Services (AWS). They will also use AWS chips to train their AI models. In return, Anthropic gains essential financial support for large-scale operations. Interestingly, Amazon will own […]
Mexican President Andrés Manuel López Obrador has announced increased security for upcoming election candidates Xóchitl Gálvez and Claudia Sheinbaum. He disclosed this plan at a press conference. The national defense department has prepared a safety proposal for both. Obrador stressed that the safety measures are for all public office contenders in the 2024 elections, not […]
Brazil's President Luís Inácio Lula da Silva met with Vietnam's Prime Minister, Pham Minh Chinh. They discussed a potential trade deal with Mercosur. Lula plans to leverage Brazil's current leadership in Mercosur for this venture. He believes this will bring the two regions closer. Next, Brazil's Foreign Minister, Mauro Vieira, will visit Indonesia. The aim […]
As Brazil grapples with a heatwave, drivers wonder: Does AC affect fuel usage? This debate never seems to cool off, so we dug deep for answers. According to Hélder Almeida from Ibmec BH, using AC does increase fuel usage. How much? Well, it varies by car, but usually around 25-30%. This info is often in […]
India, with government strategies in place, aims to achieve $300 billion in electronics manufacturing by 2026. These plans include the 2020 Production-Linked Incentive program (PLI), offering over $6 billion in subsidies to attract businesses. Notably, the focus isn’t only on mobiles and telecom gear. It expands to laptops, servers, and semiconductors. Other specialized incentive plans […]
(Opinion) Africa is quickly rising as a key player in renewable energy, and the buzz is all about green hydrogen. A recent report from The African Energy Chamber confirms this trend. It says green hydrogen capacity has even surpassed solar. Enter AGHA, a group of African countries. They aim to produce 30 to 60 million […]
Last week, Brazil set a record by seizing 3.6 tons of cocaine off Pernambuco's coast. This event validates European anti-drug reports, identifying Brazil as a key hub for shipping cocaine to Africa and then Europe. The capture took place 33 km from Recife, the state capital, on a fishing boat named Palmares 1. This incident […]
Just five months into his role, Jorge Sampaoli’s future as Flamengo’s coach is uncertain due to a series of setbacks. First, the team lost to São Paulo in the Brazil Cup. Then, they fell to seventh in the Brasileirão. An exit from the Copa Libertadores added to the woes. In July, a staff member clashed […]
Brazil's Central Bank introduces Drex, its upcoming digital currency, aiming to ease credit access and streamline real estate transactions. Fabio Araujo, the Project Coordinator, recently shared insights. He said tests with multiple banks will continue until May 2024. Araujo recognized the challenges many face in acquiring credit. He believes this new technology will usher in […]
Pakistan’s military is leasing state land for farming to enhance crop yields and conserve water. However, critics say it widens the military’s role in civilian matters. Amid economic woes, public protests have surged over rising utility costs. The farming initiative has state approval and targets 1.11 million acres, mostly in Punjab’s Cholistan Desert. Leases will […]
Indonesia is prepping for the debut of its first carbon trading platform. Hosted by the Indonesian Stock Exchange (IDX), the market has caught the eye of a local carbon management company. “A new funding route for green projects is opening,” said a key finance figure. Carbon credits tied to verified green actions will be on […]
As this week kicks off, traders are gearing up for an active market, with global sentiment turning negative due to rising interest rates. Specifically, the ten-year U.S. Treasury note yield now exceeds 4.5%. Investors will closely monitor these U.S. rates and China's economic trends. Today, the S&P cut China's GDP growth forecast from 5.2% to […]
The U.S. dollar begins the week strong against the Brazilian real, mirroring a global trend of dollar appreciation. Today, U.S. Treasury yields are rising again. Specifically, the ten-year note went past 4.5%, a first since 2007. This trend boosts the dollar. Moreover, worries about China impact currencies tied to commodities. At 9:40 a.m., the spot […]
Brazil's Northern Army Command conducted a unique exercise at the Amazon River's mouth, a crucial area for national security. Named "Operation Calçoene," the drill focused on coastal defense. About 1,000 soldiers and 70 vehicles participated for over a week. They received help from mobile rocket systems and helicopters. These resources simulated an airborne assault. The […]
In May 1986, Brazil’s Air Force Minister, Octávio Júlio Moreira Lima, addressed a unique issue. He convened a press conference in Brasilia to recount a peculiar event. Five fighter jets had been deployed to chase 21 unidentified flying objects, or UFOs. Despite their best efforts, the jets failed to catch these elusive entities. Years later, […]
Brazil's Ministry of Science, Technology, and Innovation recently joined hands with the Ministry of Defense and Finep. Together, they signed a deal worth over $48 million. This fund aims to boost innovation in the defense sector. Twenty-two projects from 25 companies will benefit from this deal. Luciana Santos, the Science Minister, said the funds would […]
Justice Minister Flávio Dino stated that Bahia is a major public safety issue in Brazil. He said the federal government is discussing solutions with Bahia's governor and security secretary. "We are working to improve security measures," said Dino. After an event in São Paulo, he added that federal help has increased. This comes in the […]
Vietnam's Prime Minister, Pham Minh Chinh, is in Brazil this week, marking the first visit by a Vietnamese leader in 15 years. He will meet President Luís Inácio Lula da Silva at the Planalto Palace on Monday. The leaders aim to discuss various topics like trade, education, and energy. They will also talk about regional […]
In Chile, the Undersecretary for Telecommunications (Subtel) is joining hands with internet providers. They agree to obey a Supreme Court ruling. The aim is to shut down unauthorized online gambling sites. Alfie Ulloa, President of a telecom coalition, confirmed this. He represents big names like Entel and Movistar. According to Ulloa, companies are ready to […]
Panama faces a daily influx of migrants arriving from Colombia through the perilous Darien Jungle. In Bajo Chiquito, an indigenous village, authorities register them. Long queues for registration are common, creating a sense of never-ending work for officials. Reinel Serrano, a top Senafront officer, expressed concerns. “We’re swamped. Tracking each migrant’s nationality and age is […]
The World Bank reports high global food price inflation, with Venezuela, Lebanon, Argentina, Turkey, and Zimbabwe particularly affected. The latest data shows rising trends: In low-income economies, 52.6% see over 5% increase, compared to 63.2% before. For lower-middle-income countries, it's 86%, up from 79.5%. In upper-middle-income countries, the figure is 64%, down from 67%. High-income […]
An armed convoy suspected to be part of the Sinaloa Cartel entered San Gregorio Chamic in Chiapas on September 23. Videos on social media show residents clearing the way for the convoy. Cheers and car horns fill the air as the vehicles pass. This event happened during daylight hours. Recent media coverage suggests Chiapas is […]
Economist Arturo Huerta highlights the need for economic growth to improve wages in Mexico. President López Obrador frequently addresses this in his morning talks. Despite efforts, a $12.07 daily minimum wage hasn’t raised living standards for all. An economic analyst, Janeth Quiroz, points to high inflation as a factor. She notes that while inflation has […]
Late Sunday, an individual hurled two Molotov cocktails at the Cuban Embassy in Washington, D.C. Cuba’s Foreign Minister, Bruno Rodríguez Parrilla, confirmed the attack on social media. Fortunately, no embassy staff suffered injuries. This isn’t a first; a similar incident took place in April 2020. Back then, an attacker fired an assault rifle at the […]