In 2023, Brazil's agribusiness significantly bolstered the country's economy, generating nearly $140 billion in export revenue from January to October. This impressive figure accounts for half of Brazil's total export income of approximately $280 billion. Data from the federal government, analyzed by the Oeste outlet, shows this upward trend. The agribusiness sector's earnings during these […]
In the third quarter of 2023, Colombia’s economy experienced a 0.3% contraction reported the National Administrative Department of Statistics (DANE). Key sectors like manufacturing industries fell by 6.2%. Additionally, trade shrank by 3.5%, and construction decreased by 8%. This decline was unexpected. Market projections had anticipated an economic expansion of about 0.3% for the quarter. […]
In recent years, Latin America has faced numerous shocks, including the COVID-19 pandemic and various geopolitical conflicts. As a result, inflation changed, and economic growth slowed. Now, the region faces a future shaped by these challenges, influencing business and investment decisions. Control Risks' Global Risk Forecast outlines the region's key issues. These include distrust in […]
Elon Musk’s SpaceX is discussing an IPO for its satellite business, Starlink, aiming for late 2024. Sources shared this with Bloomberg News, highlighting the plan to capitalize on growing space communications demand. SpaceX is preparing to move satellite unit assets to a wholly-owned subsidiary. This step is crucial for the potential IPO. Yet, the decision […]
A significant drought in Bolivia has unveiled ancient carved stones in the Amazon’s Beni River. These carvings, dating back about a thousand years, are now visible for the first time in ages. They raise questions about their meaning and the messages they might convey. The lowering of the Beni River’s water level exposed these petroglyphs […]
In Colombia’s critical port city, Buenaventura, the two strongest criminal gangs extended their non-aggression pact until February 2024. However, their conflicts still trouble the locals. Residents and the city’s bishop discussed the ongoing issues with Sputnik. Andrés, a local, was home watching TV when gunfire erupted. He, like many in Buenaventura, quickly took cover. The […]
In October 2023, Chile’s exports to Brazil, excluding copper and lithium, saw a notable increase of 22.5%. This growth amounted to $264 million, making Brazil a leading destination for Chilean exports in Latin America. ProChile’s report highlighted several sectors with impressive growth. Salmon and trout exports surged by 28.8%. The chemical sector saw a 97.9% […]
In Indonesia’s Under-17 World Cup, Brazil’s team, led by Estevão ‘Messinho’, triumphed with a 9-0 win over New Caledonia. Estevão, a rising star from Palmeiras, scored a remarkable goal and made three assists. This victory was crucial after Brazil’s initial defeat to Iran. Brazil needed a strong comeback to keep their advancement hopes alive. They […]
Japan’s economy contracted by 0.5% in the recent quarter, a decline that was greater than the 0.1% fall analysts had initially anticipated. Japan is the third-largest global economy. It had been growing for two consecutive quarters before this downturn. The cause of this shrinkage is twofold. First, domestic demand within Japan weakened. Second, global economic […]
In September 2023, the Eurozone reported a significant trade surplus of €10 billion, a stark contrast to the €36.6 billion deficit recorded in the same month of 2022. The European Union’s statistical office, Eurostat, released these figures on Wednesday, November 15, 2023. The report shows a significant shift in the Eurozone’s trade dynamics. Exports for […]
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Following President Luiz Inácio Lula da Silva’s remarks against Israel, Brazil’s Evangelical Parliamentary Front contemplates legislative obstruction. Lula’s comments, made as he welcomed repatriates from the Gaza Strip, accused the Israeli government of terrorism. These remarks came to light between the night of November 13 and the early hours of November 14. Carlos Viana, leader […]
Colombian President Gustavo Petro has declared that Colombia will stop buying arms from the United States, Canada, and Israel. This announcement came on November 13, after these nations didn't declare Israeli settlements in Palestinian territories illegal. Petro based his decision on the principle that democratic countries should uphold international humanitarian law. This statement followed a […]
Argentine budget airline Flybondi is considering expanding into the Brazilian market, which is in dire need of increased competition and more equitable pricing. This plan could be financed through the market after a merger with Integral Acquisition Corporation 1, a special purpose acquisition company (SPAC), expected in the first half of next year. CEO Maurício […]
(Opinion) The recent session in Brazil’s futures market witnessed a sharp fall in interest rates, reflecting a reaction to both global and domestic economic indicators. In the U.S., the October consumer price index (CPI) was unexpectedly benign. This event, alongside Brazil’s own service sector slowdown, led to the lowest interest rates in two months. Key […]
Vitória achieved a historic milestone by clinching the Série B championship for the first time on Tuesday without even playing a match. Their triumph was confirmed after Criciúma drew 1-1 with Guarani. This match concluded the 36th round of the league. Previously, Vitória had reached 69 points by defeating Novorizontino 2-1. This win ensured their […]
On Tuesday, November 14, 2023, the Ibovespa, São Paulo Stock Exchange's main index, closed with a significant gain. It rose by 2.29%, reaching 123,165.76 points. This level is the highest since May 2021, when the stock market peaked at 130,125.78 points. The U.S. inflation data influenced this surge in the stock market. The inflation was […]
On Tuesday, November 14, 2023, Brazil's Justice Minister Flávio Dino announced an important decision. The National Force's deployment in Rio de Janeiro is extended until January 31, 2024. This extension comes at the request of the state's Governor, Cláudio Castro (PL-RJ). Dino mentioned a review is planned at the end of January for a possible […]
This week, Brazil faced an extreme heat wave, leading to a record in energy usage. On Tuesday, the National System Operator (ONS) reported that the country's energy demand reached 101.5 gigawatts (GW). This is slightly higher, by 0.5%, than the previous record set on Monday. Currently, Brazil is experiencing unusually high temperatures. These temperatures are […]
In October 2023, Paraguay's soybean exports saw a significant rise, increasing by 162.9% compared to the same period in the previous year. This data comes from a report by the Paraguayan Chamber of Exporters and Traders of Cereals and Oilseeds (Capeco). The report shows that in the first ten months of 2023, Paraguay exported 5.706 […]
Panama’s National Council of Private Enterprise (Conep) has reported major economic losses, estimating the damage at over $1.7 billion. These losses follow protests against a new contract for the Cobre Panama project. The government enacted this contract on October 20. The protests included street closures and large marches. They began after a quick approval of […]
The Brazilian government has declared an urgent health crisis in the four northern states of Amapá, Amazonas, Pará, and Roraima. The cause is the carambola fruit fly (Bactrocera carambolae). This pest threatens both agriculture and human health. This emergency status will last for one year. Its purpose is to improve monitoring and control of this […]
Jorge Rodríguez, Venezuela’s Congress leader, announced on Tuesday that the European Union (EU) is barred from participating in any electoral observation in Venezuela. This rule applies as long as the EU’s sanctions on Venezuela are active. Recently, the EU chose to extend these sanctions against Venezuela. Following this, Venezuela’s Congress unanimously agreed to denounce the […]
The Belize government has severed diplomatic ties with Israel in response to its actions in the Gaza Strip, which are viewed as violations of humanitarian law. Belize’s government immediately suspended its consulate’s activities in Tel Aviv. They are also withdrawing their honorary consul. The reason given for this action is Israel’s continuous, heavy bombardment in […]