Carlos Zacarias, the Energy Minister, opened the 8th Mozambique Energy and Gas Summit this week. He called it a stage for "finding new opportunities." The event gathers a mix of stakeholders, from government to business leaders. Its theme is building a sustainable energy network in Mozambique. "Let's share ideas for a stable system that boosts […]
Brazil recorded a gigantic egg production in 2022. Data from the Brazilian Institute of Geography and Statistics (IBGE) show that the national industry’s supply has broken annual records since the agency’s records began in 1997. Last year, Brazil reached the production of 48 billion eggs. In São Paulo state, the small town of Queiroz distinguishes […]
Libya is actively transforming its energy sector, tapping into its vast natural gas reserves. Recently, the National Oil Corporation (NOC) and Italy’s Eni signed an $8 billion deal. This significant project aims to enhance gas supplies locally and in Europe by 2026. Moreover, NOC rolled out an expansion plan with U.S.-based KBR. New gas blocks […]
The Colombian government reported 20 guerilla deaths, 34 arrests, and nine camps dismantled in Cauca. Additionally, they disarmed 600 mines. Land, air, and water operations targeted specific factions. These factions are accused of criminal acts, including last week’s explosive attacks on civilians. The Armed Forces deployed 200 National Army soldiers. They focused on northern and […]
In August, Brazil's federal debt increased by 2.01%, reaching R$ 6.27 trillion ($1.26 trillion). This spike translates to an additional R$ 123.16 billion ($24.7 billion). The Treasury Department disclosed these figures on September 27, 2023. Earlier, in July, the debt stood at R$ 6.14 trillion ($1.23 trillion). This borrowing offsets the budget deficit, bridging the […]
Codelco, the Chilean copper mining giant, plans to produce 1.7 million tons of copper by 2030. Board Chairman Máximo Pacheco shared this during a Clapes UC seminar. “We’re concerned about the current drop in production, but it won’t continue,” he stated. He admitted to operational challenges. Productivity has dropped over the past two years. “We […]
André, a star player for Fluminense, is preparing for a pivotal CONMEBOL Libertadores semi-final match against Internacional. The kickoff is on Wednesday at 9:30 PM, in Maracanã Stadium. After a loss to Olimpia last year, the team made a pact. André says they’ve been preparing since early 2022. “We’re committed to competing in the Libertadores,” […]
A recent study reveals that the U.S. Latino community contributed $3.2 trillion to the economy in 2021. If isolated, this contribution would place them fifth globally, ahead of the UK and behind Germany. Latinos have a high labor force participation and are a rapidly growing demographic. Over the last decade, their income rose by an […]
Asian currencies such as the yen, won, and baht have reached yearly lows amid rising local and global interest rates. On Wednesday, these currencies plummeted against the U.S. dollar. This decline happens as the U.S. Federal Reserve FED hints at more rate hikes. Specifically, the yen hovers at about 149 to a dollar. This rate […]
Brazil's President Luís Inácio Lula da Silva will meet Roberto Campos Neto, the country's Central Bank leader. They'll discuss interest rate cuts to boost the economy. Campos Neto asked for the meeting in a letter. Lula agreed and invited Finance Minister Fernando Haddad to join. The talk is set for Wednesday afternoon at the Presidential […]
Stockholm, as Sweden’s largest city, has set ambitious climate goals with a Climate Action Plan aligned with the Paris Agreement. This plan aims to make Stockholm a leader in cutting carbon emissions. From the start, Stockholm embraced eco-friendly policies. The city’s public transport is efficient, aiming for zero emissions. These efforts have halved its emissions […]
India leads in attracting foreign investment for data center growth, closely followed by Germany, with both nations thriving from the cloud and AI surge. Key investors include Amazon, Microsoft, and Japan’s NTT. For instance, NTT invested $1.5 billion in India and €850 ($925) million in Germany. This surge isn’t just tech-driven; it’s also market-based. India […]
The Brazilian Chamber of Foreign Trade CNC projects a real revenue of R$458 billion ($92 billion) for Brazil's tourism in 2023. This marks an 8.8% increase from 2022. Extended holidays contribute to this growth. Each long holiday could add 2.1% to yearly revenue. In monetary terms, that’s an extra R$48 billion ($9.6 billion). This is […]
Let’s face it, when Brazilians play football, they make it look like more of a dance than a sport – and they really do put the beauty in the beautiful game. They have boasted some of the best players that the world has ever seen, won the World Cup more times than you can shake […]
The United Nations is facing pushback from multiple nations as it tries to extend its reach and decision-making power. This resistance is fueled by worries over the UN’s potential neglect of democratic values and national independence. The global community is now paying close attention to this matter. During the UN’s latest SDG Summit and 78th […]
(Opinion) Brazil’s Real Plan in the 1990s achieved two remarkable things. First, it halted a long spell of inflation. Second, it averted the dollar’s grip on the economy, a path Argentina took with its Convertibility Plan. Unlike Argentina, where the dollar rules, Brazil shuns the U.S. currency. Walk into a shop in São Paulo or […]
The Brazilian Navy uses Tropicalex 2023 for the operational debut of the S-BR Riachuelo submarine. Built by ICN, this annual exercise kicked off on September 18. It spans the maritime area between Rio de Janeiro and Salvador and concludes on September 28. The exercise focuses on upgrading Brazil's naval vessels, subs, and aircraft readiness. It […]
From January to August 2023, Brazil saw 2.7 million new businesses open. This boosts the total to 21.8 million active firms nationwide. Importantly, 93.7% are small or micro-businesses. Starting a business took an average of 1 day and 5 hours in the second quarter. The Business Map report revealed these numbers. Brazil's Ministry of Development […]
High interest rates dominate global talks, thanks to signs from the U.S. Federal Reserve. These hints push up yields on long-term U.S. Treasury bonds. Precisely, 10-year bonds hit a 16-year high at 4.566%. As yields rise, the dollar becomes attractive. More people want the dollar, lifting its value globally. This morning, the DXY index, a […]
Brazil tops the Global Innovation Index in Latin America, says the National Confederation of Industry (CNI) and Sebrae. On the world stage, Brazil holds the 49th spot. Compared to last year, it climbed five ranks. Yet, the CNI feels Brazil still lags behind its potential as the world's 10th-largest economy. Its highest rank was 47th […]
Morocco, under King Mohammed VI’s guidance, aims to spearhead the green hydrogen market in North Africa through swift action. Green hydrogen comes from water and renewable energy like solar and wind. This form of hydrogen can reduce carbon emissions in many sectors. Morocco sees it as key for export and local fertilizer production. Samir Rachidi, […]
Bolivia has registered a 4% unemployment rate in this year’s second quarter. Sergio Cusicanqui, the Development Planning Minister, announced this milestone. He spoke from La Paz, the capital. In July 2023, the rate had spiked to 11.56%. Moreover, he compared Bolivia’s numbers to those of its neighbors. Colombia showed an 8.8% rate, while Chile had […]
Brazil's President recently launched a strategy to boost local health-related manufacturing. This plan will see an investment of $8.45 billion by 2026. "We aim for a self-reliant, prosperous Brazil," he said at a press conference. Before the event, he discussed this plan on a state-run weekly show. He pointed out that Brazil spends nearly $20 […]
Brazil has told the EU it won't budge on government procurement in the EU-Mercosur trade talks. President Luís Inácio Lula da Silva confirmed this in a recent interview. He highlighted the potential growth for small businesses in Brazil. Moreover, the President won't compromise, calling such purchases vital for economic growth. He added that the EU's […]
Brazil's health officials have okayed a first-of-its-kind CAR-T Cell therapy trial. Anvisa, the health agency, announced the decision. Conducted by FUNDHERP and the Butantan Institute, the study will involve 81 patients. The trial is in its starting phase. It aims to evaluate the treatment's safety and effectiveness. Specifically, it targets patients with certain types of […]