Between 2017 and 2022, Brazil's e-commerce sector saw an impressive 182% growth, with total revenue reaching R$ 169.6 billion ($34.7 billion). Online orders also increased by 163%, amounting to R$368.7 million ($75.2 million) in 2022. In 2022, out of 83.8 million Brazilian online shoppers, 58% were women and 42% were men. Women thus showed greater […]
The United Nations (UN) is actively seeking international financial assistance to strengthen democracy in São Tomé and Príncipe. This effort, announced by Adbou Abarry, the Secretary-General's special envoy, aims to improve the nation's governance. Abarry made this declaration after meeting with Prime Minister Patrice Trovoada. Their discussion centered on a collaborative strategy for democratic enhancement. […]
Vice President Teodoro Nguema Obiang Mangue of Equatorial Guinea announced a significant shift in the nation's oil industry. This change involves transferring oil field assets from ExxonMobil, an American company, to GEPetrol, Equatorial Guinea's national oil firm. The process will mark a new phase in the country's control over its oil resources. A ceremony recently […]
Latin America’s shift to clean energy is crucial for the global move toward sustainability, says a new report by the International Energy Agency (IEA). Titled “Latin America Energy Outlook,” the report shows the region’s rich natural resources and renewable energy achievements. Latin America uses less fossil fuels than the world average, making it ready for […]
(Opinion) The Latin American cocoa market, currently valued at $3.8 billion, is projected to grow at a rate of 4.30% annually from 2024 to 2032. Bloomberg Línea reported that this growth is primarily driven by the chocolate industry’s burgeoning demand. However, examining the broader implications of this growth and the region’s position in the global […]
Bernardo Arévalo, Guatemala’s President-Elect, warns of a plot to block him from office. He fears this could harm the country’s economy. Speaking in Washington on November 10, he predicted disastrous economic impacts. These could increase migration to the United States due to fewer opportunities in Guatemala. Elected in August, Arévalo faces a struggle. He claims […]
Daniel Calaon embodies the sentiment of numerous Argentine farmers who view Javier Milei as a beacon of hope for the agricultural sector. Milei promises to free the sector from government restraints. Argentine farmers have faced a heavy tax burden, contributing around $200 billion in two decades. These taxes fund government spending, currency defense, and inflation […]
Gregorio Canales, CEO of North America Investment Solutions, says Brazil attracts more Foreign Direct Investment (FDI) than Mexico. Brazil’s economy is bigger and more open, inviting more capital flow. From January to September 2023, Brazil received $41.631 billion in FDI, despite a 39.5% drop from the previous year. Meanwhile, Mexico drew $32.926 billion, an increase […]
At Festuris 2023, Norwegian Cruise Holding is showcasing its luxury offerings in the Espaço Luxury, a dedicated area for high-end travel. The company's focus is on its premium products. The presence of VP Frank Medina at the event highlights Brazil's importance to them. He and Brazil director Estela Medina are celebrating the deals made at […]
Nineteen companies are competing to construct the National Space Center (CEN) for the Chilean Air Force (FACh). They recently explored the designated site for this project. This event occurred on a Tuesday morning in November at the Comodoro Arturo Merino Benítez building. The FACh's Infrastructure Division hosted this informational session. The session's goal was to […]
On October 10, Moody’s revised the U.S. AAA credit rating outlook, changing it from stable to negative. This decision reflects concerns about growing fiscal risks. These risks might overpower the U.S.’s strong credit profile. Moody’s explained that the U.S. is facing a high fiscal deficit. This deficit remains without major plans to lower it. The […]
In 2022, Brazil witnessed a significant surge in internet usage, with the IBGE reporting that 87.2% of Brazilians accessed the internet. Their survey started in 2016. However, they paused it in 2020 due to the pandemic. The survey showed that 161.6 million people in Brazil used the internet. Most of them, 93.4%, used it every […]
Brazil's main stock index, Ibovespa, experienced a notable rise this week, closing at 120,568.14 points with a 1.29% increase on Friday. Over the week, it gained 2.04%. Meanwhile, the commercial dollar rate dropped to R$ 4.92 ($1.00) on the day, a decrease of 0.51%. However, it rose by 0.39% throughout the week. These market changes […]
Santa Catarina, known as a farming paradise, is emerging as a leader in technology and innovation, with a plethora of tech firms and startups in the region. These startups focus on selling new and scalable products or services. As of 2021, the state has 22,125 tech companies, says Acate (Santa Catarina Association of Technology). These […]
On Friday, 33 Brazilian football clubs joined forces to oppose a proposed legislation that could ban betting advertisements in football. They are worried about its impact on their income. The proposed amendment is part of Law Project (PL) 3626 of 2023. It’s currently being discussed in the Senate. The clubs, including Flamengo, Corinthians, and Atlético […]
Economic specialists in Chile predict a slight decline in the economy for the upcoming year, a forecast recently announced by the Central Bank of Chile on a Friday. They believe the economy will go down by 0.3% by the end of 2023. This info comes from a survey done in November. The Economic Expectations Survey […]
Chile’s global trade reached $152.47 billion from January to October this year, marking a 10.2% decline compared to the same period last year. The Undersecretary for International Economic Relations (Subrei) released these figures on Friday. Subrei’s report showed that Chile’s total exports were $80.908 billion in this period. This amount is slightly less, by 0.4%, […]
Brazil, the leading economy in Latin America, plans to bring back taxes on imported electric and hybrid vehicles. This change will start next year and increase gradually until 2026. The aim is to encourage local car manufacturing. The Ministry of Development, Industry, Commerce, and Services released a statement. It said the tax will help grow […]
Carlos Fávaro, Brazil's Minister for Farming, unveiled a long-term plan to rehabilitate 40 million hectares of degraded pastures over a period of 10 to 15 years. He said the plan would officially start on November 22. The President, Luiz Inácio Lula da Silva, will announce it. The timing is just before COP28, a major climate […]
Petrobras, Brazil's largest company, has announced a 20% reduction in its investment plans for this year, attributing the decision to the challenges faced by its suppliers. These challenges have delayed the delivery of important equipment. This equipment is needed for finding and getting oil and gas. Sérgio Caetano Leite, the company's chief money manager, shared […]