Brazil's Congress overturned President Luiz Inácio Lula da Silva's veto on a bill limiting Indigenous land claims. This pivotal move challenges the president's efforts to protect Indigenous rights. The veto, initially imposed by President Lula, sought to safeguard land claims for Indigenous people living on these lands since 1988. This decision now faces scrutiny by […]
Oxford Economics has updated its inflation forecast for Angola, and they now project a rise to 22.7% by mid-2024. This change follows the report of an 18.19% year-over-year inflation rate in November. This rate marks a 2.3% increase from October. The revision largely results from the Angolan kwanza's devaluation. It reached a low of nearly […]
Brazil aims to significantly enhance its naval capabilities and global presence by introducing its first nuclear submarine, as Parcio Gloria de Paula emphasized in a Sputnik interview. The construction of this submarine isn't just a military advancement; it also paves the way for civilian technological applications. This project began in 1979 and is named after […]
Russia has expressed its intention to form a united front with BRICS nations on global climate issues following the conclusion of the COP28 negotiations in Dubai. The BRICS group, traditionally including Brazil, Russia, India, China, and South Africa, will expand in 2024 to include Saudi Arabia, the UAE, Iran, Ethiopia, and Egypt. Russia, set to […]
In Argentina, President Javier Milei recently launched a bold economic plan to tackle the country’s financial crisis, which has already begun showing early signs of success. Milei’s government devalued the Argentine peso by 54% and slashed the budget. These actions received a positive response on Wall Street. Investors increased the prices of Argentine bonds. Meanwhile, […]
Jeff Bezos’ aerospace company, Blue Origin, is planning a significant launch on December 18th. This event is noteworthy as it marks the end of a year-long break in operations. The pause began after a malfunction during an uncrewed flight in September 2022. The upcoming mission, known as NS24, will carry 33 scientific payloads. Additionally, 38,000 […]
In a groundbreaking move, São Paulo, Brazil, will host the first-ever NFL regular season game in South America in 2024. NFL Commissioner Roger Goodell announced this historic event on Wednesday. Goodell emphasized the NFL’s commitment to global expansion, stating that bringing the league to new continents, countries, and cities is crucial to growing the game […]
(Sponsored) The Canadian gaming industry is experiencing explosive growth, fueled by a diverse and engaged community of gamers. The landscape is evolving quickly from mobile games to esports and indie devs to diversity initiatives. This post explores five prominent trends shaping the future of gaming in Canada. 1. Mobile Gaming Dominance Mobile games reign supreme […]
Brazil has emerged as the 15th safest destination for tourists, a notable achievement highlighted by a recent insurance report. This ranking is based on tourists' experiences visiting the listed countries within the last five years. The criteria included risks from terrorism, climate emergencies, infrastructure, health conditions, and the safety of women and minorities, such as […]
Akaer's recent contract with FINEP, a Brazilian public development company, signifies a groundbreaking achievement for Brazil's space program. The company is set to develop a small launch vehicle capable of transporting nano and microsatellites into orbit. Announced in Brasilia, this marks a significant step forward in Brazil's space capabilities, pioneering technology in South America. The […]
Venezuela’s President Nicolás Maduro and Guyana’s President Irfaan Ali plan to meet today to discuss their border disagreement. The meeting is scheduled for Thursday in São Vicente and the Grenadines, set at 10 a.m. (11 a.m. Brasília time). However, controversy has emerged before the meeting. Guyana’s President Ali stated he won’t discuss the territorial Esequibo […]
(Opinion) In recent times, a concerning trend has emerged in global politics: the shift towards global governance over the will of national legislatures. This shift raises critical questions about the future of democracy and the power of elected representatives. When global decisions override national laws, it weakens the voice of the people. It implies that […]
Venezuela closed 2023 with a slight increase in its oil production, according to the latest data from the Organization of the Petroleum Exporting Countries (OPEC). In November, the country produced 801,000 barrels per day (bpd), according to primary sources, and 780,000 bpd, according to secondary sources. This marks an increase of 15,000 and 23,000 barrels […]
The appointment of Flávio Dino, Brazil's Minister of Justice, to the Supreme Federal Court (STF) by the Senate marks a significant development in the Brazilian judiciary. With Dino's approval, President Luiz Inácio Lula da Silva (PT, left) has now appointed four of the eleven justices of the STF, constituting over one-third of the Court's composition. […]
Venezuela and Vietnam have embarked on a significant journey of agricultural cooperation. This initiative, led by Venezuela's Minister of Agriculture and Lands, Wilmar Castro, aims to promote sustainable development in the rural areas of both countries. The agreement recognizes the pivotal role of the agricultural sector in driving sustainable economic growth in these regions. Under […]
(Opinion) When Paraguay stood up at COP28 regarding the Global Balance document, it wasn’t just a statement, it was a roar from the underdog. Paraguay’s Foreign Ministry, usually less prominent globally, made a bold stance against international climate policy frameworks. Their disagreement with the Global Balance is not just about numbers and policies. It’s a […]
The COP28 summit in Dubai was a significant milestone in the global climate endeavor, concluding the inaugural global stocktake initiated at COP26. This review is vital under the Paris Agreement, assessing global progress and spurring more ambitious climate plans. COP28 focused on the Paris Agreement’s main goal: limiting global temperature rise to below 2°C, aiming […]
In November 2023, Paraguay’s exports surged by 24.0% to $15.878 billion, a significant rise from the previous year’s $12.809 billion. Additionally, the country engaged in trade with 138 export and 172 import nations, resulting in a total trade value of $14.255 billion. As a result, Paraguay achieved a trade surplus of $1,623.0 billion. This was […]
Argentina’s Central Bank implements fresh import rules in response to recent economic measures, aiming to streamline processes and reduce obstacles. Communication A7917 outlines a deferred payment system to ease import procedures, considering various tariff positions gradually. The Central Bank strives to normalize import flows, vital for alleviating commercial debts. Gradually lifting currency exchange restrictions for […]
On Wednesday, the Ibovespa index witnessed a significant surge, reaching its highest closing level since June 24, 2021. The Brazilian stock market index rose 2.37% to 129,398 points, reflecting a strong market reaction. The uptrend mirrored American stock indices, rising after the Federal Reserve maintained stable interest rates and hinted at potential 2024 cuts. The […]
Under the Monetary Policy Committee's (Copom) decision, Brazil's Central Bank has made a significant move by reducing the Selic rate. On December 13, 2023, the rate was cut by 0.5 percentage points, a notable fourth consecutive reduction. This adjustment brought the base rate from 12.25% to 11.75%, the lowest since May 2022. This decision marks […]