In the UK, a significant development has emerged regarding AstraZeneca’s COVID-19 vaccine. The “Daily Telegraph” reported on Wednesday about a groundbreaking lawsuit filed against AstraZeneca. The vaccine has been described as “flawed.” Jamie Scott, who suffered permanent brain damage from AstraZeneca’s vaccine, is suing the pharmaceutical giant. Due to a blood clot, he can no […]
Mexico’s industrial activity experienced a 4.5% growth in September, as reported by the National Institute of Statistics and Geography (Inegi). It’s a big jump from the 4.38% growth in August 2023. This growth is 8.9% more than before the pandemic in February 2020. Construction led this increase in September, growing by 19.5%. The second biggest […]
Leaders from Brazil's economically pivotal South and Southeast spoke out against the new tax law in the Senate. They are part of the Cosud, a group that brings together these regions, renowned for being the nation's financial backbone. Last Thursday, they said the law is a backward step. It could worsen the country's tax problems […]
In Colombia, inflation remains high, yet its recent trajectory indicates a potential decrease in interest rates by the Banco de la República. The central bank’s recent meetings have shown a divided vote on reducing interest rates. Notably, two co-directors have consistently advocated for a 25 basis point cut. At a recent forum in Bogotá, Finance […]
In Cuba’s capital, Havana, at Terminal 2 of the airport, scenes of urgency and goodbyes are common. The country’s worsening economic troubles and slim chances for improvement have pushed its people towards desperate measures to leave. Miguel Díaz-Canel‘s leadership has seen these issues grow. Many Cubans now fly to Nicaragua, led by Daniel Ortega, for […]
As measured by the IPCA (National Consumer Price Index Broad), Brazil's inflation slowed from 5.19% in September to 4.82% in October. This change ended a three-month trend of rising rates. However, it remains above the 3.75% target ceiling, with a tolerance up to 4.75%. The stats agency IBGE released these inflation figures on Friday, November […]
Chile's Navy and the UK's Royal Navy recently convened in London to exchange maritime expertise and fortify their partnership. Leading the Chilean team were Rear Admiral Mauricio Arenas and Captain Guillermo Ceballos. From the UK, Commodore Richard Harris and Colonel Fraser Allan represented. On day one, both teams discussed enhancing their partnership. They reviewed past […]
On Thursday, the Central Bank of Mexico, Banxico declared that it would maintain the current key interest rate. This decision reflects progress in slowing down inflation locally. The central authority’s monetary policy statement revealed that the Governing Board has decided to keep the overnight interbank interest rate at 11.25 percent. However, this rate is expected […]
In the past three years, Bolivia has invested approximately $1.227 billion in its oil sector, spanning from 2021 to August 2023. Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), the state-owned oil company, announced this funding. YPFB’s statement highlighted a strategic vision for the hydrocarbon sector. The focus has been on ramping up exploration, development, and industrialization. This […]
(Opinion) Brazil’s economically vital banks are facing tough times, evidenced by a Central Bank report showing a worrying 6% profit drop this year. This drop, with slower credit growth, points to economic struggles. The banks are still profitable, but their future strength is uncertain. Profit fell due to more credit risk, higher costs, and rising […]
Brazil is emerging as a leader in innovation within Latin America and the Caribbean. This progress is evident as Brazil moves up in the Global Innovation Index (GII) for the third consecutive year. The GII is a respected international ranking assessing countries' innovation ecosystems. Brazil achieved significant progress in its 2023 edition, released by the […]
In the Brazilian Championship’s 33rd round, Corinthians and Atlético-MG ended their match in a 1-1 draw. This game took place at the Neo Química Arena on Thursday. Neither team’s fans celebrated the result. The game’s goals came from Romero of Corinthians and Paulinho of Atlético-MG. They scored one goal each in different halves. Atlético-MG’s Paulinho […]
The Central Reserve Bank of Peru (BCRP) has reduced the national reference interest rate to 7 percent. This marks a drop of 25 basis points from the previous rate of 7.25 percent, set in October. In its “Monetary Program” report, the bank explained that this change doesn’t mean ongoing rate cuts will follow. Future adjustments […]
Venezuela’s state-owned oil company Pdvsa and the French energy company Maurel & Prom have entered into an energy cooperation framework agreement. This pact aims to restart oil and gas production in the Zulia state in western Venezuela, as reported by state media. The signing of the agreement marks the official reactivation of the joint venture […]
Paraguay’s President Santiago Peña announced the USDA’s approval of its beef exports. This approval comes after a 25-year break. In the past, until 1997, Paraguay exported canned beef to the U.S. Now, they can send fresh beef for the first time. President Peña shared this news in a video on social media. He praised the […]
Brazil has recorded a new peak in average temperatures for the fourth consecutive month, as reported by the National Institute of Meteorology (Inmet). From July to October, temperatures rose over one degree Celsius above normal. Inmet's research showed October's average temperature was 26.4 °C. This is 1.2 °C more than the usual October average of […]
Portugal's President, Marcelo Rebelo de Sousa, has moved up the parliamentary elections to March 10, 2024. This change follows the resignation of Prime Minister António Costa. Costa stepped down amid claims of corruption. President Sousa announced this decision on TV. He spoke after meeting with the Council of State. The President said this early election […]
Brazil's government has announced a 22% reduction in Amazon deforestation, reaching a low not seen since 2019. This figure represents an area of 9,001 square kilometers affected, a substantial decrease from the previous year. The Ministry of Environment links this progress to a reduction of 2,593 square kilometers in deforested land from the 2021-2022 assessment. […]