Roads have been the backbone of human civilization, facilitating movement, trade, and unity. In Africa, the need for better road networks has never been more urgent, mainly as countries aim to collaborate more closely for economic growth. This article delves into how roads and efficient transportation systems are essential for bridging Africa’s disparate economies and […]
The global currency market is highly tense, awaiting the Bank of Japan’s crucial two-day meeting, much like a volcano on the brink of eruption. For the past month, the Japanese yen has been stable against the dollar. Many wonder if the BOJ’s decisions could change this. The BOJ has kept its policy rate below zero. […]
The Venezuelan Supreme Court responded to a complaint by opposition member José Brito, who raised concerns about the election’s integrity. Following this, the court instructed the National Primary Commission to share essential paperwork. This paperwork should outline the election’s procedure, from start to finish. Moreover, the commission is to provide specific information about the candidates. […]
In September 2023, Brazil saw a significant uptick in its employment sector, adding 211,764 new formal job positions. While this is positive news, a closer look reveals that this number is 23.8% lower compared to the new jobs added in September 2022. However, it's essential to note that this is Brazil's 9th consecutive month of […]
Lucapa Diamond Company, overseeing Angola's Lulo mine, recorded a $14.6 million decline, representing a 43% drop in diamond sales this quarter. Also, diamond production saw a 20% cut. As a result, dividends plummeted over 50% to $9.1 million. Yet, there's a silver lining. Lucapa has kept 2,300 carats in stock and is planning to sell […]
Mozambique anticipates a 39% decrease in ruby production this year, down from last year's 4.4 million carats. A report from the Ministry of Economy and Finance confirms this decline. The drop will be around 38.83%, according to the data. Two main factors explain the decline. First, the largest producer, Montepuez Ruby Mining, holds a big […]
‘WaterMetrics Global’ announced in 2023 that Austria, Norway, and eight other countries achieved a perfect score for their tap water quality. In these places, people can safely drink from the tap. In contrast, Chile shines in Latin America. It has a Water Quality Index of 66.8. This places Chile 38th in the world rankings. People […]
Data from the Central American Tourism Integration Secretariat SICA shows a rise in European visitors to Central America and the Dominican Republic. Spain leads in bookings, followed by Germany and France. In 2022, these countries welcomed 21.2 million visitors. Compared to the previous year, this is a significant jump. By 2023, tourist numbers not only […]
Financial experts in Brazil updated their 2024 interest rate forecasts ahead of the central bank's plan to cut current borrowing rates. A recent central bank survey shows new expectations. The Selic rate may now reach 9.25% by December 2024. This is up from the earlier 9% forecast. On Wednesday, central bank leaders plan to cut […]
On October 29, Colombian voters largely chose opposition candidates over President Gustavo Petro’s Historic Pact party. This marked a setback for Petro’s influence in key cities like Cali, Medellín, and Bogotá. Political analyst Fernando Posada emphasized the defeats. He noted these are cities where Petro and his allies have ruled before. In Bogotá, Gustavo Bolívar, […]
The Multimodal Logistics Corridor (MLC) company is in discussions with three global energy firms to produce hydrogen-based fuels at a new $1.6 billion port in Uruguay. This port, called La Paloma Hub, will be near offshore wind energy sites. Ancap, a state-run oil company, plans to auction these sites soon. Jorge Carcova Munilla, MLC’s Vice […]
Federal Judge Marcos Josegrei da Silva revealed in a special course at the University of Buenos Aires that Brazil has 53 organized crime groups. The largest group is the First Command of the Capital, or PCC, based in São Paulo. Next is the Red Command in Rio de Janeiro. The Northern Cartel is also a […]
Canada is a vast country – and an amazing country if you’re looking for a vacation with a difference. Forget beaches and sunburn, this is a country with diverse landscapes, stunning cities, an interesting and rich cultural heritage – and it offers a plethora of enticing destinations for holidaymakers. Whether you’re an outdoorsy person, a […]
This week, key events in Brazil, Colombia, and other countries are drawing attention to Latin America's financial markets. First, we look at Brazil and Colombia's monetary policy decisions. These choices could show us the economic trends in the region. Next, Mexico is releasing its third-quarter economic data. Experts expect the economy to grow. This growth […]
In 2023, Brazil's revenue agency reported that Tether (USDT) accounted for 80% of all crypto transactions in the country. By mid-October, USDT transactions hit R$ 271 billion, or about $55 billion. Interestingly, this amount doubles Bitcoin's transaction volume, which stands at R$ 151 billion or $30 billion. Stablecoins like USDT aim to hold a steady […]
(Opinion) In recent months, President Luiz Inácio Lula da Silva has been actively engaging with the international community, and the results are evident. According to data from Radar+55, Brazil’s reputation soared by 202% in the third quarter, reaching 1,297 points. These numbers are a significant endorsement of Lula’s diplomacy efforts. Lula’s presence at multiple global […]
Venezuela's Air Force conducted Operation Jirajara 01-2023 to train units for day and night aerial missions. Pilots and technicians practiced landing and taking off on various roads. The operation took place on October 25 and 26. It happened in the state of Barinas. The overseeing body was the Operational Strategic Command, known as Ceofanb. Ceofanb […]
JPMorgan expects a more favorable foreign capital flow to Brazil's B3 Exchange in November. Despite recent sluggish foreign investments, Pedro Martins Junior of JPMorgan believes this trend could improve. He attributes the low interest mainly to global factors, such as rising U.S. interest rates. Martins Junior explains that $22 billion left emerging market funds in […]
Electric cars are gaining popularity in Brazil, though growth varies by state, with some areas providing more support than others. Currently, Brazil has about 500 public charging spots. This number falls short of growing needs. Via Dutra, a highway connecting Rio and São Paulo, stands out. It offers ten charging points along its path. In […]
Google's CEO Sundar Pichai will speak in court about claims that Google pays big money to be the main search engine on phones. The U.S. government is looking closely at Google, talking to over 30 people for information. Google says it leads in search because it's always getting better, not because it pays others. The […]
In a Brasileirão match, Athletico-PR and São Paulo drew 1-1, with Pablo netting a goal for Athletico just six minutes into the game. Soon after, Pablo Maia equalized for São Paulo. As a result, Athletico falls to seventh place with 49 points. Meanwhile, São Paulo sits mid-table with 10 fewer points. The outcome helps Atlético-MG […]
Yesterday, a plane crash occurred in Brazil's Amazon forest, in the state of Acre bordering Peru and Bolivia. The accident claimed the lives of 12 people, including an infant aged 17 months. The plane, owned by ART Taxi Aéreo, burst into flames upon crashing. All ten passengers, as well as the pilot and co-pilot, were […]
Just weeks before the second round of presidential elections on November 19, cars in Argentina are lining up for gas. Many gas stations are closed. Others have long lines. Social media shows the crisis. Lack of dollars means fuel tankers wait offshore for payment. This problem affects mostly the north but also Buenos Aires and […]
The G7, a group of seven major economies, plans to announce a new code for companies in the AI sector. This code is voluntary and aims to guide companies in responsible AI use. It focuses on three key areas: risk management, misuse resolution, and transparency. Firstly, companies are encouraged to identify risks related to AI […]
On October 25, 2023, the State Public Security Department of São Paulo announced a decrease in intentional homicides. It showed 238 cases in September, a 5.9% drop from last year. From January to September, 1,931 homicides occurred. This is 9.6% less than the same period in 2022. This is also the lowest count since records […]