Mozambique's October 11 municipal elections have sparked widespread unrest, primarily among young voters, demanding transparency. They are frustrated with the unclear and delayed election results. The National Elections Commission (CNE) named the ruling party Frente de Libertação de Moçambique (Frelimo) as the winner. But accusations of fraud have fueled public doubt and protest, and a […]
Climate change is reshaping Africa, especially its western coast, as rising sea levels threaten communities and heritage sites. From Senegal to Morocco, entire neighborhoods face erosion, impacting schools, homes, and even cemeteries. World Heritage Sites like Egypt’s northern Sinai and Senegal’s Sine Saloum National Park are also at risk. A “Nature Climate Change” study reveals […]
A cargo vessel operated by Japanese shipping company Nippon Yusen (NYK Line) has been seized by Yemen’s Houthi militants in the Red Sea. The vessel, named Galaxy Leader, is a British-owned ship chartered by NYK Line for transporting automobiles. As reported, the crew of 22, including Bulgarians and Filipinos but no Japanese or Israelis, is […]
Shakira, the renowned Colombian singer, reached a crucial agreement with Spanish prosecutors, admitting to tax fraud. She agreed to pay nearly $8 million in fines to avoid imprisonment. In a hearing in Barcelona, Shakira confirmed her guilt and accepted the penalties, thus preventing a potential jail term. The penalty imposed is half the total fraud […]
Latin America's tourism industry is rebounding from the COVID-19 pandemic, with many countries now approaching their 2019 tourism figures. ForwardKeys, an analysis firm, reports that from January to August 2023, the Dominican Republic saw a 14% increase in air visitors compared to 2019. This makes it the global leader in tourism recovery. Colombia and Mexico […]
OpenAI appointed Emmett Shear, the former Twitch CEO, as its new leader, following calls for Sam Altman's return. Shear, recognized for his success at Twitch, brings a wealth of AI expertise that is ideal for OpenAI's engineering leadership. This significant shift occurred after Altman's unexpected departure, which impacted Silicon Valley and the AI industry. OpenAI, […]
Argentina’s economic history, marked by fluctuations, faces new tests under Javier Milei’s presidency. Milei, renowned for his liberal approach and innovative thinking, won the presidential election over Sergio Massa. He criticized the current government’s economic policies, while Massa blamed the crisis on Mauricio Macri’s IMF policies. Economist Paulo Gala highlights five key factors explaining Argentina’s […]
The U.S. dollar is declining in the foreign exchange market, influenced by the weak DXY index and rising oil prices. Petrobras' ADRs in New York have risen, contributing to the dollar's weakening against the Brazilian real. Additionally, economic updates from China are impacting the market. The People's Bank of China (PBoC) has kept its Loan […]
After Javier Milei’s election win, Argentine stocks, particularly state oil company YPF, showed remarkable gains in the U.S. market. YPF’s stocks jumped 26.65% to $13.59, a response to Milei’s privatization announcement. Milei’s decision aims to restructure YPF, which has lost value since its nationalization. Bradesco BBI notes that Milei’s libertarian approach could lead to free […]
Brazil's Central Bank (BC) released the Focus Bulletin on Monday, revealing a slight adjustment in the 2023 inflation forecast. Economists have reduced the estimate from 4.59% to 4.55%, keeping it within the National Monetary Council's (CMN) target range of 3.25% to 4.75%. The report also shows a slight decrease in GDP growth projections for 2023, […]
Brazil's top five banks saw a 3.1% increase in profits, reaching R$ 28.4 billion (approximately $5.8 billion) in the third quarter compared to last year. This rise is highlighted in data from Broadcast. Leading this growth are Itaú Unibanco, Banco do Brasil, and Caixa Econômica Federal, primarily through credit revenues. The banks displayed varied credit […]
Spain has chosen to arm its Air and Space Army's Predator B drones with AGM-114 Hellfire missiles. Developed by Lockheed Martin, these missiles cost between $120,000 and $150,000 each. The Hellfire, a short-range air-to-surface missile, is known for its precision and efficiency. Weighing 45 kg and measuring 1.6 meters in length, it has an 8-kilometer […]
This week, Brazil marks several important dates, including the widely celebrated Black Awareness Day on November 20, observed in over 1,260 cities and six states. The day honors Zumbi dos Palmares, symbolizing the fight against slavery and the pursuit of racial equality. Additionally, November 19 is the National Day of the Cordel Poet in Brazil, […]
Oxfam’s recent study highlights a significant CO2 emissions gap in the EU, revealing that the wealthiest 1% emit 14 times more CO2 than the less affluent half. Released on Monday, the report proposes a wealth tax to combat climate change and inequality. The Stockholm Environment Institute’s collaboration predicts 67,800 extra heat-related deaths by 2100, due […]
(Opinion) Javier Milei’s victory in Argentina’s presidential election represents a significant political shift in South America. This shift sees a departure from the region’s recent trend of leftist governance. With Milei’s win, the continent’s political landscape will now include four right-leaning governments. Before Milei’s rise to power, nine of the twelve South American countries were […]
Argentina’s President-elect, Javier Milei, frequently receives the ‘extreme’ and ‘far-right’ labels from mainstream media, yet he identifies himself as a minarchist. Minarchy, or night-watchman state, is a political philosophy that advocates for a minimal state, with the government providing only military, police, and judges to protect life and property. It protects people from harm, theft, […]
Javier Milei, representing the opposition party La Libertad Avanza, claimed victory in Argentina’s runoff election. His opponent was Sergio Massa, from the ruling party Unión por la Patria. Milei’s win marks a shift in Argentina’s leadership. He will start his four-year term as president in December. Official results show Milei got 55.78% of votes. Massa […]
Peru joins over 50 countries with a digital nomad visa. On November 14, they announced Legislative Decree No. 1582. This decree amends immigration laws, adding a "Digital Nomad-Residence" category. It lets people stay and work remotely in Peru for a year. Nomads can't receive salaries from Peru-based work or companies. They must work remotely for […]