In September, Argentina’s yearly inflation rate surged to 138.3%, a 13.9-point increase from August’s 124.4 Indec, the country’s stats office, released this data today. The monthly inflation rate reached 12.7%, the highest in 21 years. The previous month had a slightly lower rate of 12.4%. Clothing and leisure led the price increases with 15.7% and […]
In September, the National Consumer Price Index reported that Angola's inflation rate dropped to 15.01%, marking a 3.15% decrease from the previous year. The INE data also shows a 1.47% acceleration from August. In regional terms, Bengo, Moxico, and Benguela had the lowest price changes. They recorded rates of 1.15%, 1.17%, and 1.24% respectively. On […]
Thousands marched in Maputo, demanding a win for the main opposition party in municipal elections. Yet, no official results are out. Lawmaker Muhamad Yassine addressed the crowd. He said they won and would uphold the people's will. Venâncio Mondlane led the rally. He's the opposition's candidate and also a parliament member. He said these elections […]
The Israeli diplomat in Angola expressed concern over Angola's failure to publicly condemn recent attacks on Israel. He clarifies that Angola's silence aligns with the stance of the Southern African Development Community, not Angola itself. According to the diplomat, the group attacking Israel acts similarly to extremist organizations. Therefore, he calls on Angola to take […]
Israel holds a prominent position in Spain's defense trade, ranking sixth in exports and ninth in imports. While Israel primarily exports, their imports from Spain are also rising. In the first half of 2022 alone, authorized sales to Israel increased by 90.97% compared to all of 2021. Last year, Spain purchased defense materials worth EUR […]
Chile holds the world’s largest lithium reserves and wants to work with Japanese companies, writes Bloomberg Linea in its latest report. The aim is to offer these companies special access to lithium. In return, Chile wants technical skills and added value for the mineral. Last April, Chile gave Chinese firm BYD special prices for lithium […]
BYD, a Chinese carmaker, is seeking to purchase lithium mines in Brazil to extend its electric car production beyond Asia. Stella Li, BYD's Global Vice President, revealed this plan recently. The new factory in Brazil will process lithium and iron. Stella Li
Mexico leads in child labor numbers in the Americas, according to the National Child Labor Survey (ENTI). It reports 3.7 million children working in unsafe or unfit conditions. This number surpasses Brazil and Peru, the next highest countries. Notably, Mexico updated its child labor stats after the pandemic. Brazil had 1.76 million child workers in […]
From January to July 2023, Panama achieved a seven-month export high, amassing $2.36 billion in revenue. A significant portion, $1.65 billion, came from copper exports. Compared to the same period in 2022, overall exports have surged by 10.7%, indicating vibrant economic growth across various sectors. Eric Dormoi from the Ministry of Commerce and Industries (MICI) […]
Daniel Noboa Azin, a 35-year-old entrepreneur, is making waves in Ecuador’s early elections. He’s competing against Luisa González in the runoff. Noboa’s primary focus is on enhancing security. He believes that high crime rates are hindering economic growth, and so he aims for a preventive rather than punitive approach. Judicial and Prison Reform Next, Noboa […]
Kosovo and Serbia’s recent clash near Banjska has reignited worries about a bigger conflict. The skirmish left a Kosovan police officer and three armed Serbs dead. Both nations blame each other for starting the violence. Serbian President Aleksandar Vucic says the Kosovo government’s actions have angered ethnic Serbs. Kosovo’s Prime Minister, Albin Kurti, counters by […]
FecomercioSP has recently published a survey indicating a significant surge in corporate travel spending for July. The total expenditure was close to $1.6 billion, marking a 7.3% increase compared to the same period last year. This additional inflow of approximately $87 million made it the best-performing July since 2013. The latest report also reflects updated […]
Syrian media reported Israeli attacks on airports in Damascus and Aleppo this Thursday, with Syrian air defenses responding to both strikes. Damage occurred at Aleppo’s airport, but no injuries were reported. The situation at Damascus airport remains unclear. Israel usually stays silent on such matters, and this time was no different. For years, Israel has […]
The International Monetary Fund (IMF) shared a new outlook on Brazil's finances this Wednesday. Despite a less grim view, the IMF doubts that Finance Minister Fernando Haddad can erase the public deficit by 2024. Reacting to this, Haddad reaffirmed his commitment to meeting fiscal targets. The IMF released its Fiscal Monitor report in Marrakesh, Morocco. […]
Against the backdrop of the Israel-Hamas conflict, diverse partnerships have emerged in the Middle East. First, let’s talk about Qatar. Known for its wealth in oil and minerals, Qatar is a primary funder of Hamas. It supports various social projects run by the group, like schools and orphanages. The stated aim is to keep communication […]
Senior prosecutor Rocío Gala reveals that the Taiwanese ‘Red Dragon’ is growing its base in Peru. They recently held 50 Malaysians captive for forced labor in a Lima home. Gala states that this crime type isn’t unique to Peru but is international. Two victims escaped last weekend from a high-end house where they were held. […]
BHP Group successfully negotiated a wage agreement with its supervisor union in Chile. The deal is crucial as it avoids a work stoppage at Escondida, the world’s largest copper mine. Announced by the Melbourne-based company, this agreement was finalized on the last mediation day. However, it still requires approval from union members. To seal the […]
(Opinion) Chile’s President, Gabriel Boric, hesitates to label Hamas, an Islamist armed group attacking Israel, as terrorists. Despite over 1,200 Israelis dead and 2,800 injured by this group, Boric remains silent. Why? The answer might be diplomatic convenience, thus showing a subtle bias toward the aggressor. Chile’s Foreign Ministry has released a single statement condemning […]
Foreign Minister Yvan Gil of Venezuela refuted allegations of political rights violations during his address to a United Nations committee. Gil says no one in Venezuela has lost their political rights unless a court decides. He adds that only those with proven corruption face disqualifications. However, opposition leader María Corina Machado received a 15-year public […]
Bolivia and Iran’s recent drone defense agreement is garnering attention amidst ongoing Middle East tensions. Bolivia’s Defense Minister Edmundo Novillo and Iran’s Mohammad Reza Ashtiani endorsed it. The deal aims to help Bolivia fight drug trafficking and secure its borders, they say. Iran plans to offer equipment and training. “We will provide specialized tools and […]
Javier Milei, a presidential candidate, promises to introduce the U.S. dollar to Argentina before 2025 if elected. First, Milei plans to handle the Central Bank’s debts. These debts include various financial tools like Leliqs. He will calculate the dollars needed by dividing total pesos by the current exchange rate. Right after the election, he wants […]
As President Luis Lacalle Pou’s term nears its end, Uruguay intensifies its interest in joining the Trans-Pacific Partnership (CPTPP). The CPTPP is a trade agreement among several Pacific Rim countries designed to lower barriers and promote economic growth. Positive signals have come from existing members, uplifting Uruguay’s hopes. Trade openness has been a tough issue […]
Brazil faces Venezuela in the third round of the South American World Cup qualifiers tonight. The game starts at 9:30 PM Brasília time at Arena Pantanal in Cuiabá. National Radio will cover it live. Brazil beat Bolivia and Peru in their earlier matches. Now, they aim to keep their top spot in the leaderboard. Currently, […]
A second Brazilian Air Force plane, part of "Operation Returning in Peace," landed early Thursday in Rio de Janeiro. Due to the ongoing conflict with Hamas, this government-led operation aims to bring Brazilians home from Israel. The Airbus A330, known as KC-30, took off from Tel Aviv. After a 14-hour flight, it landed at Galeão […]
Chile’s Central Bank says market experts predict a 0.4% fall in the economy for 2023. However, they forecast a 1.8% growth for 2024. For this quarter, a minor 0.1% rise is expected. Regarding inflation, experts project a 0.5% increase this month and a 0.3% rise in November. By the end of 2023, consumer prices will […]