The Mozambican government is considering converting its debt to Portugal into funding for climate projects. Facing climate change threats, Mozambique seeks to transform its 675 million euros debt into environmental action. As of the third quarter, Mozambique's public debt hit 971.7 billion meticais (approximately 13.96 billion euros), growing 5.1% since late 2022. This increase, mainly […]
On November 18, 2023, SpaceX’s Starship mission encountered a setback despite advancements in the launch process. Launched in Boca Chica, Texas, the spacecraft failed to complete its planned orbit around Earth. About nine minutes into the flight, contact was lost, followed by visible smoke, indicating failure. Despite this, SpaceX achieved a milestone in successfully separating […]
Thousands protested in Madrid on Saturday against Prime Minister Pedro Sánchez’s plan to grant amnesty to Catalan separatists. This move was instrumental in Sánchez’s recent re-election. Around 170,000 people, as per government counts, gathered at Cibeles Square, displaying Spanish and European flags. The conservative opposition strongly supported this demonstration. Protesters, spanning various ages, denounced Sánchez […]
Guatemala’s Public Prosecutor’s Office seeks to strip President-Elect Bernardo Arévalo and Vice President Karin Herrera of their immunity. This step is crucial for investigating their alleged roles in the University of San Carlos (USAC) takeover. The office filed charges against them and four others, including Semilla Movement members. The accusations against Arévalo and Herrera cover […]
Colombia is turning to Brazil as a model for modernizing its air force. At the Colombian Aerospace Force's 104th anniversary, President Gustavo Petro highlighted Colombia's need to develop its aeronautical industry. He admires Brazil's success in exporting aircraft, a path Colombia should emulate. Petro emphasized integrating the public force into industrial growth, comparing Colombia's stagnant […]
Brazil, a top coffee producer, has been aiding competitors Vietnam and Indonesia with their crop issues. In October, Indonesia's imports of Brazilian coffee jumped by 99%, reaching 66.1 thousand bags. Vietnam, another major producer, also turned to Brazil, purchasing over 6 thousand bags last month, summing up to 140.3 thousand bags this year. Although these […]
By the end of 2023, Brazil aims to extend its urban rail network to 1,145 kilometers, incorporating new tracks for the year. Over the past decade, the network has grown by 17%, averaging 17.3 kilometers annually. This year, it's set to expand by 15.6 kilometers, surpassing 2022's growth, as reported by the National Association of […]
In 2023, Brazil's federal state-owned enterprises are expected to incur a $5.6 billion loss. This projection comes from President Luiz Inácio Lula da Silva's government. The details appear in the 4th Bimester 2023 Primary Revenue and Expense Evaluation Report. The estimated deficit is higher than the $3 billion forecasted in the 2023 Budget Guidelines Law. […]
Ecuador’s National Assembly reopened this Friday. It had been closed for six months. President Guillermo Lasso had dissolved it. He used a constitutional rule called “cross-death”. This rule also shortened his term from 2021 to 2025. The country was facing a political crisis then. The assembly now has 137 new members. These members were elected […]
Brazil will share its yellow fever vaccine production technology with Argentina for the first time. This unprecedented decision follows an agreement between Brazil's Bio-Manguinhos/Fiocruz and Argentina's ANLIS. Both institutions are highly respected in their countries. Bio-Manguinhos is known globally. It is one of four facilities worldwide that produce the WHO-approved yellow fever vaccine. This vaccine […]
The Ibovespa, the primary index of São Paulo's B3 Stock Exchange, ended the week at a high of 124,773 points. This marked a 0.11% increase on Friday, November 17, 2023, setting a record for 2023. Over the week, the index rose by 3.49%. The Dow Jones closed the week in the United States with a […]
Brazil's Ministry of Planning and Budget announced a major funding initiative for the country and its industry. Five federal public banks – Caixa Econômica Federal, Banco do Brasil, BNDES, BNB, and Basa – will provide R$ 1.7 trillion in credit, equivalent to about $350 billion. This funding is for Union programs over the four years […]
OpenAI, known for creating ChatGPT, dismissed its CEO, Sam Altman, on Friday, November 17, 2023. This decision was made by the company's Board of Directors, as detailed in their official statement. The company cited a loss of trust in Altman's leadership. They pointed out issues with his sincerity in communications regarding the board and artificial […]
Since the terrorist attacks in Cabo Delgado, Mozambique has increased its national security spending by $1.69 billion. This information comes from a study by the Centre for Public Integrity (CIP), a non-governmental organization. They presented these findings on Wednesday. The report, named “Uncovering the Costs of the War in Cabo Delgado,” shows the financial impact […]
In the third quarter of 2023, Macau's economy experienced remarkable growth, more than doubling compared to the same period in 2022. Official data confirms this surge. The growth rate reached 116.1%. Authorities credit this to stronger service exports. The Directorate for Statistics and Census Service (DSEC) confirms this in a report. They pinpointed the growth's […]
Angola's National Agency of Petroleum, Gas, and Biofuels (Anpg) received 53 bids for oil exploration. These bids are for 12 onshore oil blocks in the Baixo Congo and Kwanza basins. The national concessionaire announced this development today. The Congo Basin's four blocks - CON 2, CON 3, CON 7, and CON 8 - attracted 22 […]
The recent San Francisco summit between Japanese Prime Minister Fumio Kishida and Chinese President Xi Jinping marked a pivotal moment in Japan-China relations. This was their first meeting since November 2022. They focused on economic cooperation despite unresolved issues. In the past year, tensions between Japan and China have risen. Before the summit, officials like […]
On Friday, Brazil officially joined an agreement, becoming a member of a global group of leading aircraft producers. This agreement sets global trade standards for civil aircraft. Brazil's involvement in the Trade in Civil Aircraft (TCA) is now confirmed. The approval for Brazil's membership came from a meeting in Geneva, Switzerland. Brazil's role in the […]
Mercedes Benz’s focus on nearshoring in Mexico benefits its parent company, Daimler AG. They plan to use their Mexican bus factory for U.S. exports. This move aims to increase local technology and innovation. Alexandre Nogueira, CEO of Daimler Buses Mexico, shared these plans. He noted Daimler’s limited U.S. presence. Currently, the buses sold in the […]