Chile’s economic outlook for 2024 is complex yet hopeful due to the conclusion of its constitutional process and anticipated interest rate reductions. Yet, analysts predict a downside. A survey by Bloomberg News points to a potential downgrade in Chile’s credit rating. The main reason is the rising public debt compared to the GDP. Andrés Pérez, […]
On December 11, 2023, Argentina’s Central Bank starts enforcing new currency exchange regulations to protect its peso. These rules require approval before any foreign currency transaction. Each transaction will undergo a review, prioritized by specific criteria. This policy gives President Javier Milei‘s administration time to establish itself and roll out its economic strategies. The bank […]
Over the last decade, Brazil's street population has surged nearly tenfold, as revealed in the latest study by the Institute of Applied Economic Research (Ipea). Back in 2013, the count of street dwellers stood at 21,934. Fast forward to 2023, and it has alarmingly risen to 227,087. This data comes from the Unified Registry (CadÚnico), […]
In 2023, a 5% reduction in global trade is expected compared to last year's peak. This downturn results from rising loan costs, U.S.-China supply chain shifts, and growing trade barriers. The United Nations Conference on Trade and Development (UNCTAD) projects that trade in goods and services will amount to $30.7 trillion, down from $32.2 trillion […]
Bitcoin (BTC) has experienced its sharpest decline in nearly four months, as traders seek to secure profits after the cryptocurrency's significant rally of over 150% this year. On Monday, the leading cryptocurrency in market value fell by up to 7.5%, marking its largest intraday drop since August 18. However, by 9:25 AM (Brasília time), the […]
This week, Brazil's main stock index, Ibovespa, begins with a downturn, mirroring global investor caution. Everyone is waiting for new inflation data and key monetary decisions from Brazil and the USA. By mid-morning in Brazil, Ibovespa drops by 0.04%, reaching 127,048 points. Vale, a major mining company, also sees its shares fall. The Brazilian real […]
In 2024, Brazil's economy faces a challenging period, as forecasted by the World Bank. The bank says that global economic trends could create obstacles despite a promising 2023 with expected inflation drops and above-anticipated growth. Lower global growth, high interest rates, geopolitical tensions, and China's economic uncertainty may impact Brazil, particularly its commodity prices. Internal […]
From 2003 to 2021, Brazil witnessed nearly one million homicides, an alarming statistic reported by the United Nations Office on Drugs and Crime. It shows the severity of violence the country faces. Brazil has led the UN's homicide ranking since 2001. That year, it surpassed India with over 45,000 homicide cases. Mexico, Colombia, and Russia […]
Elon Musk, the owner of the social media platform X, has reinstated Alex Jones, a 49-year-old American content creator known for his controversial claims. Controversial in the sense that he promoted conservative and right-wing views during a time when Twitter/X was a stronghold for left-leaning narratives. Jones, the owner of the Infowars channel, had been […]
A devastating fire at the Terra e Liberdade settlement, affiliated with Brazil's Landless Worker Movement MST in Parauapebas, resulted in nine deaths. The MST in Brazil advocates for land reform and rural workers' rights. During Lula's presidency, they frequently occupied properties, sometimes with the leftist government's tacit agreement. The fire broke out during an internet […]
On Sunday, Argentina’s Foreign Minister Diana Mondino announced that Argentina will sign up to join the OECD. This event occurred at the Foreign Ministry. Mondino’s announcement indicates a new direction in Argentina’s foreign policy. Earlier, Mondino reached an agreement with Andreas Schaal of the OECD. This agreement marks the beginning of Argentina’s process to join […]
On Sunday, Argentina’s libertarian President, Javier Milei, took a bold step by issuing a decree to halve the government ministries from eighteen to nine. This move marks Milei’s first major action as President. His aim is to cut government spending. This is in line with his campaign promises. This sharply contrasts with Brazil’s leftist President […]
The Copa América, organized by CONMEBOL since 1916, is a continental football tournament determining the South American champion. Participants traditionally include South American countries like Argentina, Bolivia, Brazil, Chile, Ecuador, Colombia, Paraguay, Peru, Uruguay, and Venezuela. Argentina holds the record with sixteen titles. Brazil is well aware of the strategy needed to win its 10th […]
In 2023, Brazil's airline industry achieved a remarkable recovery, matching the pre-pandemic level of 2019 with 64,800 flights. This resurgence is highlighted in Embratur’s Information and Data Intelligence division study on international tourist arrivals in Brazil. The country experienced a significant boost from January to November, adding 152 new flights, including routes that were suspended […]
Chile has taken a significant step by introducing two decrees to protect the Puelo and Futaleufú rivers in the Argentine Andes. These rivers are now designated as "Ecosystem Protection Reserves." This action, a first in Chile's environmental policy, has been both praised and criticized. Local communities welcome it, while environmental organizations find it insufficient. These decrees […]