China’s Ministry of Commerce recently reported a significant 10% decrease in actual foreign direct investment (FDI) on the mainland. This drop occurred over the first 11 months of 2023. The total investment fell to about 1.04 trillion yuan, equivalent to $146.45 billion. Bloomberg provided a deeper analysis using official data. Their findings reveal a more […]
Every year, AirHelp, a passenger advocacy group, reviews over 4,000 airports, ranking them on punctuality, navigation, dining, and shopping. This process identifies the best and worst airports globally. The latest analysis includes feedback from more than 15,800 passengers. This year, four Brazilian airports rank in the top 10 worldwide. These are in Recife, Brasília, Belém, […]
Uruguay’s parliament has ratified a defense agreement with the United States focusing on mutual support in defense logistics. The Uruguayan Senate approved this deal on December 19. The agreement, known as US-UY-01, originated on March 29, 2000. Since it lacked parliamentary endorsement, it needed a new approval in 2012. For a decade, this agreement remained […]
In 2023, the Colombian and Mexican pesos led growth against the U.S. dollar among emerging market currencies. The Colombian peso's strength was due to strong economic performance and higher commodity prices, boosting foreign investment and currency demand. Conversely, high interest rate differentials and robust remittance inflows notably strengthened the Mexican peso among emerging markets. Bloomberg’s […]
The United States’ release of Alex Saab, a key figure linked to Venezuelan President Nicolás Maduro, marks a pivotal shift in U.S.-Venezuela relations. Saab, a Colombian financier, was exchanged for ten American citizens in a notable prisoner swap. The Americans, including Eyvin Hernández, Jerrel Kenemore, Joseph Cristella, Savoi Wright, and former Green Berets Luke Denman […]
Ørsted, a Danish energy company, is advancing its ambitious Hornsea 3 offshore wind farm project. Set to be the world’s largest, with a capacity of 2.9 GW, it aims for completion by 2027’s end. This endeavor follows the operational Hornsea 1 and 2, marking significant progress in the UK’s offshore wind sector. It’s poised to […]
(Opinion) Once the undeniable titan of the oil world, OPEC finds its dominance possibly waning in the face of a rapidly changing energy landscape. The organization’s 2023 World Oil Outlook predicts a substantial surge in oil demand by 2045, an increase that surpasses the previous forecast by over 6 million barrels. This significant revision suggests […]
The journey towards a ceasefire between Israel and Hamas has encountered several hurdles. Initially, there was optimism for peace, but disagreements about inspecting aid convoys caused delays. These discussions were deemed serious by the United States and coincided with the United Nations Security Council struggling to agree on a temporary ceasefire. Meanwhile, the situation in […]
Brazilian football star Neymar, at 31, is sidelined for the 2024 Copa América due to a severe injury sustained in October during a match between Uruguay and Brazil. Brazilian team doctor Rodrigo Lasmar confirmed on Radio 98 FM that Neymar needs a nine-month recovery for his ligament injury, stressing the importance of full healing. This […]
JPMorgan forecasts a robust economy for Brazil, noting a surging stock market and its top 10 global ranking. The Ibovespa index's rise nears the bank's 142,000-point prediction for next year, fueled by low interest rates and political changes. The bank writes that Brazil's recent upgrade by S&P sparks investment grade IG discussions despite debt and […]
ByteDance, TikTok's parent company, reported a staggering $110 billion in revenue in 2023, surpassing Tencent's $86 billion. This marks a 30% increase from the previous year, as noted by Bloomberg. Despite being privately held and not required to share detailed financials, ByteDance's earnings have sparked widespread interest. Amid global scrutiny, particularly from the U.S. over […]
Argentina’s President Javier Milei has launched a 366-article decree to deregulate the nation’s crippled economy. Announced through national broadcasts, the decree targets oppressive legal and institutional structures, aiming for national rejuvenation. It declares a public emergency across various sectors until the end of 2025. The decree mandates nationwide deregulation of trade, services, and industry. Milei […]
During an electricity crisis, Ecuador’s President Daniel Noboa submitted an Energy Competitiveness Bill to the National Assembly. The bill, marked as an economic urgency, allows a 30-day period for legislative action. This move comes as hydroelectric plants face reduced water flow, leading to significant power shortages. The Assembly announced its intention to process this vital […]
(Sponsored) Sports betting is gaining popularity as a hobby, and one of the best ways to learn this sphere is to use free bets, commonly offered by online bookmakers. Promotions, whether it’s free bets Ireland, Colombia or Brazil provide, all work the same way — meet the criteria of an offer and get a free […]
Angola's oil industry is embarking on a major expansion with three contracts totaling approximately $7.8 billion. These agreements, involving the National Agency for Petroleum, Gas and Biofuels (ANPG), Azule Energy, Sonangol, and Equinor, focus on the Lower Congo Basin's oil exploration. This move is a significant step towards enhancing Angola's economic growth and global oil […]