Oil prices, which reached a one-year high in New York last week, have plummeted nearly 9% in a matter of days. This drop is driven by market concerns about high interest rates and inventory increases in the U.S., the world’s key storage and distribution hub for oil. Let’s dive into who can weather low oil […]
Oil prices, which reached a one-year high in New York last week, have plummeted nearly 9% in a matter of days. This drop is driven by market concerns about high interest rates and inventory increases in the U.S., the world's key storage and distribution hub for oil. Rising interest rates on U.S. debt exacerbate the […]
Kevin McCarthy’s departure as U.S. House Speaker has ignited global apprehension, especially with the U.S. approaching a presidential election. McCarthy fell from grace due to internal party conflict. He won’t run for Speaker again but plans to stay in Congress. Patrick McHenry is now the interim Speaker. A vote of 216 to 210 led to […]
China has become Africa’s largest trading partner, driven primarily by its significant infrastructure initiatives on the continent. These ventures range from office buildings in Ethiopia to trade zones in Nigeria. But these projects come with pros and cons. Firstly, China’s investments speed up development. They focus on real, tangible projects like roads and power plants. […]
In October, Argentina’s elections reach a crucial point with right-wing candidate Javier Milei in the lead. He won the most votes in the August primaries. Now, he could clinch a first-round victory on October 22. A recent El País survey shows Milei with 35.3% support. Leftist candidate Sergio Massa trails with 30%. Patricia Bullrich, a […]
Kenya’s intent to lead a security force in Haiti, backed by U.S. support, faces skepticism in all three countries. Since the 2021 assassination of Haiti’s President, gang violence has surged. Haiti’s interim government struggles to maintain order. President William Ruto of Kenya offered to send 1,000 police officers. The U.S. will provide logistical aid. However, […]
This year, Portuguese-speaking Timor-Leste's private spending is expected to grow by 4%, outpacing government spending at 2.9%. This marks a shift from last year when private spending rose by just 1.8%, and government spending surged by 6.9%. In 2022, the nation's economy grew by 3.9%, mostly due to high public outlays. This led to a […]
The Brazilian Senate approved a bill regulating carbon markets to counteract greenhouse gas emissions with eco-friendly projects. The Environment Committee gave its nod without needing a full Senate vote. Meanwhile, lawmakers made changes favorable to the agricultural sector. Specifically, farming activities are now exempt from new regulations under the Carbon Market Regulatory Framework (SBCE). Under […]
Uruguay stands at 29th globally in the latest International Property Rights Index (IPRI). The index, which is essential for assessing economic growth, places Uruguay as the leader in Latin America. Last year, Chile topped the list in the region, but this year it slid to second place. The IPRI breaks down into three key subcategories: […]
The World Bank has updated its 2023 growth forecasts for Latin America to 2%, up from the previous 1.4% prediction. Yet, this rate trails the global average. In contrast, East and South Asia have seen their GDPs grow by 30% since the pandemic began. Eastern Europe also shows a 15% rise despite conflicts. However, Latin […]
The 2030 World Cup, celebrating the event’s 100th anniversary, will commence with Uruguay playing at Montevideo’s Centenario Stadium. Alejandro Domínguez and Gianni Infantino, Presidents of Conmebol and FIFA, made the announcement. In addition, Argentina and Paraguay will host opening round matches. Domínguez stated on social media, “South America will again host the tournament’s opening.” Spain, […]
The Argentine Coast Guard arrested a Paraguayan Navy officer near Puerto Rico in Misiones on suspicions of fuel smuggling. During the arrest, rubber bullets were fired to stop the boat. The officer suffered a minor hand injury and had a civilian gun. However, Paraguay's Navy tells another story. They say two fishermen in a makeshift […]
Brazil's GOL Airlines intends to resume flights to Venezuela after withdrawing from the market in 2016 due to revenue concerns. Since then, direct flights between Brazil and Venezuela have been nonexistent. Travelers have had to rely on layovers, mostly in Panama. Venezuela seeks economic integration with Brazil and Colombia amid crisis. President, Nicolás Maduro, directed […]
Sergio Massa, a leftist presidential candidate, aims to launch a digital currency (CBDC) in Argentina. He calls it Moneda Digital Argentina (MDA). Central bank digital currencies (CBDCs) are digital tokens, similar to cryptocurrency, issued by a central bank. They are pegged to the value of that country’s fiat currency. However, CBDCs should not be confused […]
Japan is intensifying its search for stable electric vehicle (EV) battery materials. Recently, Japan’s Minister Yasutoshi Nishimura visited Canada and signed a cooperation agreement. Canada is not alone; Japan is also turning to Australia to diversify its supply chain and reduce its dependence on China for crucial materials like lithium and nickel. Both Canada and […]
The Santa Catarina Symphony Orchestra (OSSCA) is making waves with a new show dedicated to Elton John. As the orchestra marks its 30th anniversary, it’s attracting crowds with a fusion of pop and classical music. The Elton John tribute is one such hit, earning a standing ovation from the audience. The event was exclusively recorded […]
Javier Milei, a minarchist presidential candidate in Argentina, accuses Brazil’s leftist President Lula of hampering his campaign. Milei expressed this on social media, saying, “Freedom advances!” He responded to a news report claiming Lula influenced Argentina’s $1 billion loan. This move would benefit Alberto Fernández, Argentina’s President, and his endorsed candidate, Sergio Massa. This isn’t […]
A new extratropical cyclone forms offshore today, impacting Southern Brazil. Climatempo says the event won't hit cities directly but will cause storms and winds. In Rio Grande do Sul, the weather agency warns of lightning, hail, and winds between 60 to 80 km/h. Rain may vary from 50 to 70 mm daily, spiking to 120 […]
A recent PoderData survey reveals that President Lula's 35% disapproval rate in Brazil closely mirrors his predecessor, Jair Bolsonaro's 34% disapproval. However, Lula gains 5% more in positive ratings. Compared to his earlier terms, Lula's ratings are lower now. In 2003, he had a 43% positive rate; it was 48% in 2007. Lula and Bolsonaro […]
Easter Island, also known as Rapa Nui, faces a crisis: plastic pollution. Its famous beach, Anakena, mixes sand with microplastics. A study by North Chile’s Catholic University highlights the issue. Each year, 4.4 million trash items wash up here. Known for ancient statues called Moais, the island deals with trash from afar. Items like fishing […]
In Baghdad, new recreational venues highlight the transformative role of real estate in the city’s post-conflict revival. Falah Hassan, the CEO of one venue, calls Iraq “fertile ground for investments.” After defeating ISIS in 2017, Iraq experienced a construction boom. Prime Minister Mohamed Shia al-Sudani is eager to rebuild. Yet, challenges like security and bureaucracy […]
Mexico’s President, Andrés Manuel López Obrador, expects remittances to go beyond $63 billion by 2023’s end. Recently, the Central Bank reported an 8.6% rise in August’s remittances compared to last year. 2022 the total was $5.122 billion, showing a 7.9% yearly increase. López Obrador thanked Mexicans abroad during a press talk. “Our overseas compatriots have […]
In a historic moment, President Gustavo Petro and Defense Minister Iván Velásquez offered their apologies. They spoke to families of 6,402 victims wrongfully killed by the military. These individuals were falsely portrayed as rebels during Colombia’s internal strife. Jacqueline Castillo, a spokesperson for Mafapo, felt some relief. She said the years-long fight for acknowledgment had […]
(Opinion) Russia considers Latin America to be a strategic partner, primarily because the region frequently questions U.S. hegemony. Recently, Sergei Lavrov, Russia’s Foreign Minister, emphasized this point at a forum in Moscow. He called for a more prominent global role for Latin American countries, effectively strengthening their voice in international forums like the UN and […]
The 10th Congress of Bolivia’s MAS party has commenced in Lauca Ñ with over 3,000 delegates from various groups in attendance. This event could likely confirm Evo Morales as the leader and 2025 presidential candidate. Taking place from October 3-5, the event is 186 km away from Cochabamba, in Shinaota municipality. Andrónico Rodríguez, Bolivia’s Senate […]