Chile’s economy experienced a downturn in October, with a 0.1% decline in the Central Bank’s Monthly Index of Economic Activity (Imacec) compared to September. This drop contrasts with economists’ expectations of a 0.1% increase. The index did, however, show a 0.3% year-on-year rise, indicating some growth. The country’s economic challenges stem from high borrowing costs, […]
Bangladesh’s election season is turbulent, showcasing the contrasting diplomatic styles of India and the U.S. Both countries support a stable, democratic Bangladesh but differ in their approaches. The U.S. emphasizes fair elections, imposing visa restrictions on those undermining democracy. India, however, views the election as an internal affair of Bangladesh, backing the democratic process. Prime […]
Ecuador’s National Assembly concluded that Guillermo Lasso, the former president, was involved in a corruption case. This case centered around the state oil company, FLOPEC. The legislative body’s final decision stated that Lasso played a key role. He knew about and approved the misuse of public funds. These funds were misappropriated in a deal with […]
In 2024, Mexico will implement a 20% increase in its minimum wage, as President Andrés Manuel López Obrador announced. As a result, the daily minimum wage will become 249 pesos (about $14.40). This equates to a monthly wage of 7,508 pesos (around $434.29). In the northern border’s free zone, the daily wage will rise to […]
Bitcoin is drawing closer to the $40,000 mark, grabbing the attention of cryptocurrency speculators. This interest peaks as the year concludes. The digital asset has seen remarkable growth, doubling its value in this chaotic year. Over the past 11 months, the cryptocurrency's value surged by 130%. This growth outshines traditional investments like stocks and gold. […]
Venezuela ranks lowest globally in the Rule of Law Index, which measures how well nations adhere to legal principles. The World Justice Project (WJP) reported this in 2023. Their findings show a decline in legal adherence worldwide. In this global index, 142 countries were assessed. Venezuela's score was 0.26 out of 1.0. This score puts […]
Brazil's industrial sector experienced a modest 0.1% growth in October compared to September, factoring in seasonal adjustments. This information comes from the Brazilian Institute of Geography and Statistics (IBGE). They released a detailed report on Friday, December 1, 2023. Looking at the year-on-year comparison, there was a 1.2% rise in October 2023. This is in […]
Abu Dhabi is drawing major international investment banks, with Rothschild and Morgan Stanley announcing plans to open offices in the city. This shows Abu Dhabi’s role as a key financial center. Both banks see the city as a hub for global finance. Rothschild, based in Paris, now has a license to operate in Abu Dhabi […]
Following a decline in oil prices, OPEC+ made a crucial decision to agree on reducing oil production. Experts predict an oil surplus next year. The group's members will cut oil supply by 1 million barrels per day. This adjustment was made at their latest meeting. Saudi Arabia played a key role. They chose to extend […]
The recent stripping of immunity from four judges of Guatemala’s Supreme Electoral Tribunal by Congress is a key moment for the nation’s electoral integrity. This action, supported by a majority of legislators, is a crucial step toward addressing allegations of illegal activities and misconduct within the electoral system. Such measures are imperative in regions like […]
Airbus is set to deliver 31 NH90 Sea Tiger helicopters to the German Navy by late 2025. This plan, established in a 2020 contract, recently advanced with a successful test flight at Airbus' Donauwörth facility. German Navy Commander Broder Nielsen highlighted the helicopters' role in NATO's submarine warfare. He stressed the urgency to track well-equipped […]
On Thursday night, Guatemala’s Congress made a significant decision by voting to remove immunity from four Supreme Electoral Tribunal TSE judges. This action is in response to allegations of illegal procurement of a non-official data computing system used in recent elections. The Congress’s decision gained support from 108 of the 160 legislators. This move now […]
In Guinea-Bissau, a Portuguese-speaking West African country, a recent military operation has shaken the nation. The National Guard raided a police station in the capital. Their goal was to release Minister of Economy and Finance Suleimane Seidi and Secretary of State for the Treasury António Monteiro. Both officials were held on corruption allegations involving illegal […]
According to a study by the Dom Cabral Foundation, Brazil consistently ranks 57th in digital competitiveness, maintaining the same position as in 2018 and 2019. Digital competitiveness refers to a country's ability to effectively utilize digital technologies to drive economic productivity, innovation, and overall digital transformation. The study evaluated 64 countries, focusing on their ability […]
Brazilian households saw a 2.89% increase in consumption in October compared to the previous month, as reported by the Brazilian Association of Supermarkets (Abras). This growth also shows a 0.61% rise from October of the previous year, accumulating a 2.64% increase for the year. The data encompasses various retail formats, including cash and carry, conventional […]
The Brazilian government has allocated approximately $4.224 billion (20.850 billion reais) for significant investments in sustainable energy, bioeconomy, infrastructure, and mobility projects. In Dubai, this announcement came from Luciana Santos, Brazil's Minister of Science, Technology, and Innovation MCTI. Santos is part of Brazil's team at the 28th session of the United Nations Framework Convention on […]
Experts in Panama have recently raised concerns about Latin America's growing vulnerability to cyberattacks, particularly ransomware. At a seminar, they revealed that the region's diverse technology use and insufficient cyber hygiene contribute to this risk. Significantly, one in every 19 organizations in Latin America has faced a ransomware attack this year. This marks a 22% […]
The Central Bank of Paraguay (BCP) recently announced a modest 0.2 percent increase in the country’s Gross Domestic Product (GDP) for 2022. This growth occurred in both constant and current terms, with a notable 8.2 percent rise in current value. This modest growth stemmed from various factors. Critical sectors like agriculture, manufacturing, and construction experienced […]
Renamo, Mozambique's main opposition party, is taking decisive legal action following the controversial local elections on October 11. The party plans to stop the repeat elections set for December 10 in four municipalities. They are waiting for the Constitutional Council (CC) to clarify the election results. Renamo's Maputo candidate, Venâncio Mondlane, insists on waiting for […]
Angola's representative to OPEC announced that the country has rejected the oil production quota proposed by the organization for 2024. Angola plans to maintain its production goal of 1.18 million barrels per day, challenging OPEC+'s lower suggested limit. This decision was communicated after the 36th ministerial meeting of the 23-country group. Estevão Pedro, representing Angola, […]
The Inter-American Development Bank (IDB) has pledged to significantly boost climate crisis funding in Latin America and the Caribbean. Over the next decade, the IDB will increase its financial support to $150 billion, focusing on resilience and mitigation projects. IDB President Ilan Goldfajn announced this initiative at the COP28 Climate Summit in Dubai, emphasizing alignment […]