In Brazil, from January to September this year, 1.4 million new companies came into existence. This marks a 22.2% reduction compared to the previous year's 1.8 million during the same period, signaling a market contraction. Specifically, in September, 132.7 thousand new companies began, after factoring in both openings and closures. That month witnessed the launch […]
Macau has unveiled an ambitious plan, targeting 81 key projects over the next five years to diversify its economy. This initiative aims to reduce reliance on gaming revenues. The plan includes tourism, gaming, and the development of new industries in health, finance, and high-tech. Additionally, the convention, exhibition, and commerce sectors are a focus. During […]
Peru’s Congress unanimously voted 113-0 to outlaw child marriage on Thursday, with three abstentions. This move placed a blanket prohibition on marrying minors in the South American nation. Before becoming law, the executive branch must now approve it. Deputies on social media stated, “Children deserve a life free from violence and the chance to realize […]
The vibrant city of Rio de Janeiro eagerly awaits Saturday’s spectacle, the Copa Libertadores final, at the Maracanã Stadium. Equating to Europe’s Champions League, this prestigious tournament decides the South American club champion. Moreover, the winner progresses to the FIFA Club World Cup and secures a berth in the subsequent Copa Libertadores. Furthermore, they vie […]
In Panama, a vegetable shortage at the pivotal Merca Panamá market is causing scarcities of essential foods like lettuce and potatoes, leading to rising prices. Bloomberg Línea reports the shortage links to protests. They’re against a law favoring First Quantum Minerals. This law allows 40 more years of mining. Critics say it was rushed and […]
Over the last three years, Latin America's real estate market grappled with challenges as the pandemic hit, buying power decreased, and inflation soared. Consequently, interest rates rose to tackle price increases. Now, add political uncertainty and elections to the mix in 2023. In Ecuador, a political crisis led to an early presidential vote. Colombia held […]
The US dollar dropped this Friday following news of slower-than-expected job growth in the United States for October. After a national holiday, Brazilian investors responded. They considered monetary policies from Brazil and the US. The Brazilian central bank cut the Selic rate. It dropped by 0.50 percentage points. Now, it's 12.25% per year. The US […]
The sugar industry is on high alert as the world's leading sugar trading firm, Alvean, anticipates a crisis, evoking memories of the early 2010s when sugar prices soared to record highs. Alvean is based in Brazil and controlled by the Brazilian Copersucar and is renowned for its extensive market reach and expertise in the sugar industry. […]
Formula 1 and São Paulo's city officials have extended the contract for the Interlagos Circuit to host the Grand Prix until 2030. This extension strengthens a previous agreement that was due to end in 2025. São Paulo has agreed to invest $125 million, or 627.3 million Brazilian reais, to keep the city as a focal […]
Latam Airlines has introduced two new flight routes from Chile to Brazil, connecting to Belo Horizonte and Florianópolis. Before this, they already flew to São Paulo, Río de Janeiro, Curitiba, and Porto Alegre. So now, there are six routes in total. This is the first time there's a direct flight between Chile and Belo Horizonte. […]
In the third quarter of 2023, Brazil's ports achieved a new cargo handling record, moving 348.9 million tons, a 6.9% increase from 2022. This data comes from the National Waterway Transport Agency's statistics. So far this year, the record holds strong with 966.3 million tons. That's a 5.8% jump from 2021, previously the busiest year. […]
In the early 2000s, Brazil invested in 260 Leopard 1A5 BR tanks from Germany, stepping away from outdated M-41 tanks. These tanks had enhanced features but lacked support contracts, making maintenance a challenge. In 2023, a Leopard 1A5 displayed in an Israeli museum symbolized its shift from frontline combat to a supportive role in modern […]
(Opinion] Brazil’s government is implementing 17 key initiatives over two years to reduce the so-called and somewhat infamous ‘Brazil Cost.’ The ‘Brazil Cost’ refers to the heavy expenses of doing business in Brazil. Currently, these expenses exceed those in wealthier countries by R$ 1.7 trillion ($341 billion) annually. This amount represents one-fifth of Brazil’s total […]
Lewis Hamilton, a leading Formula 1 driver, frequently lauds Brazilian racing legend Ayrton Senna and shares a profound connection with Brazil. In his 2021 championship, he celebrated with Brazil's flag, honoring Senna. At the award ceremony, emotion overtook him as he recalled his idol. Hamilton finds a second home in Brazil, especially in São Paulo. […]
Uruguay swiftly names Diego Escuder as the interim Foreign Minister. Beatriz Argimón, Uruguay’s acting President during President Luis Lacalle Pou’s U.S. trip, made the announcement. This move comes after Francisco Bustillo resigned amid an audio leak scandal concerning a drug trafficker’s passport issuance. Argimón also kept Nicolas Albertoni in place as the Deputy Foreign Minister. […]
Vasco da Gama clinched a vital 2-0 win over Cuiabá, bolstering their fight against relegation in the Brazilian Championship. Gabriel Pec and Orellano scored the decisive goals at Arena Pantanal. Currently, Vasco sits in the relegation zone, 17th place, with 34 points. However, they are now just three points shy of Cruzeiro, Santos, and Bahia, […]
On November 2, 2023, President Vladimir Putin signed a law withdrawing Russia from the Comprehensive Nuclear Test Ban Treaty (CTBT). This international agreement, signed in 1996, aims to eliminate nuclear tests globally. The United States and Russia, both nuclear-armed states, are signatories. The Russian government published this withdrawal on its official website. Moscow explains that […]
A recent study offers a plan to designate over 34.6 million hectares in the Brazilian Amazonas for conservation. Experts from the University of São Paulo and Institute Escolhas collaborated on this initiative. Their report, "Same Game, New Rules," targets roughly 118 million hectares in the Brazilian Amazon that lack official designation, leaving them open to […]
The US House of Representatives, with a Republican majority, approved a $14.5 billion military aid bill for Israel. The bill succeeded with 226 votes in favor and 196 against. Mike Johnson, the Republican House Speaker, emphasized the bill’s crucial role in equipping Israel with advanced defense systems, including the Iron Dome. The bill now moves […]
In its record year of 2019, the travel and tourism industry generated $10 trillion, making up 10.4% of the global GDP. The pandemic’s arrival cut this number in half, placing the sector among the most impacted globally. However, the industry is bouncing back. Data from the World Travel & Tourism Council (WTTC) indicates a rebound […]
American Lithium Corp has made a striking discovery at its Falchani lithium project in Peru. The new findings suggest the lithium resources are four times larger than initial estimates. More drilling and exploration led to this discovery, showing a significant resource upgrade. Now, the indicated resources stand at 5.53 million tons of lithium carbonate equivalent, […]