In 2024, companies around the globe anticipate a 42% increase in hiring, which is 4% less compared to the previous quarter. The ManpowerGroup report shows diverse hiring trends. While 39% of businesses plan to maintain their current staff levels, 16% might reduce their workforce. Another 3% are unsure about their hiring plans. India and the […]
The recent decline in demand for the U.S. dollar marks a significant shift in global financial markets, influenced by the Federal Reserve's policy change. This shift, not seen since 2020, has led traders to reassess the dollar's future strength. The Federal Reserve's indication of potential interest rate cuts in 2024 has motivated a move towards […]
Portugal is tackling its housing crisis by potentially removing over a third of short-term rental units from the market. The socialist government has focused on short-term rentals, particularly in Lisbon, where housing is scarce and prices are high. They believe these rentals contribute to the housing shortage. Recently, short-term rental owners were required to prove […]
(Opinion) The recent discussion between U.S. Commerce Secretary Gina Raimondo and Brazilian leaders is said to mark a potential new phase in U.S.-Brazil trade relations. But, is this just diplomatic rhetoric or a genuine pivot towards more meaningful collaboration? This visit, focusing on reinforcing bilateral and commercial ties, comes at a time when trade between […]
Venezuela's President, Nicolás Maduro, has created a new military zone called "Zona de Defensa Integral (ZODI) Guayana Esequiba." A Zona de Defensa Integral (ZODI) in Venezuela is a territorial unit created for the purpose of national defense. It's a part of Venezuela's military structure under the control of the Fuerza Armada Nacional Bolivariana (FANB), the […]
November in the United States witnessed a revival in industrial production, primarily driven by the automotive sector. This rebound, reported by the Federal Reserve, comes after recent strikes in the auto industry concluded. Industrial production saw a slight increase of 0.2% last month, a positive shift from the 0.9% decline seen in October. The growth […]
Now in its 14th year, the Femina Festival is currently showcasing female filmmakers' talents at the Centro Cultural Banco do Brasil in Rio de Janeiro. It runs until December 18, 2023, and features an impressive array of over 30 films. These films, both short and feature-length, come from 35 countries and 8 Brazilian states. Notably, […]
Chile has recently undertaken a significant operation against tax evasion, resulting in 55 arrests. This extensive campaign targeted over 100 non-existent companies that issued false invoices from 2016 to 2022, accumulating to about $276 million. The Chilean Internal Revenue Service‘s investigation revealed a widespread network of fake invoices used to evade taxes. The fraudsters from […]
Under Labor Minister Ivonne Núñez, Ecuador will raise its minimum wage to $460 from the existing $450, effective January 1, 2024. The decision emerged after the National Council of Labor and Wages failed to reach a consensus. The Minister explained that this increment aligns with President Daniel Noboa’s policies for wealth redistribution. It also considers […]
Argentina’s economy experienced a downturn in the third quarter of 2023, with the Gross Domestic Product (GDP) falling by 0.8% year-on-year. This decline brought the total reduction for the year to 1.6%, as the National Institute of Statistics and Census (INDEC) reported. Despite this setback, a growth of 2.7% compared to the April-June quarter indicated […]
The Chamber of Deputies in Brazil has approved a landmark tax reform, PEC 45/2019, after 30 years of discussions. This reform, crucial for modernizing Brazil's tax system, will simplify existing structures. Replacing five taxes with two Value-Added Taxes aims to reduce complexity and increase efficiency. The new tax system introduces the CBS at the federal […]
The Panama Canal Authority (ACP) today announced a significant increase in daily transits to 24 starting in January. This decision eases the operational restrictions initially imposed due to a severe water crisis. The ACP’s move responds to the historically low water levels in Lake Gatún caused by El Niño-induced drought. October 2023 was the driest […]
Ethiopia, facing a challenging economic period, recently saw its credit rating downgraded by Fitch Ratings. This change indicates a heightened risk of the country defaulting on its debts. Previously known for rapid economic growth, Ethiopia is now grappling with heavy debt following a devastating civil war and the effects of the COVID-19 pandemic. The downgrade […]
OpenAI has developed an innovative strategy for managing potential superintelligent AI, anticipating that such advanced AI could emerge within the next ten years. The new method, "weak-to-strong generalization," involves a less advanced AI supervising a more sophisticated one. In a significant experiment, OpenAI used GPT-2 to oversee GPT-4. The goal was to see if the […]
Brazil's auction of over 600 oil and gas exploration blocks has sparked a complex debate. This decision came just after the COP28 climate summit, where Brazil committed to reducing fossil fuel dependency. However, the auction has been met with criticism for potentially contradicting these environmental commitments. Environmental organizations and indigenous leaders have protested this move. […]
Peru’s economy has been contracting for six months, marking its longest recession in over two decades. In October, economic activity fell by 0.82% year-on-year, slightly less than the expected 0.9% contraction. This downturn is part of a wider trend of economic decline. Political instability and social unrest have weakened business confidence, impacting growth. Poverty in […]