In November 2023, Brazil experienced a job increase, adding 130,097 new formal openings, a 1.77% rise from the 127,832 jobs created in November 2022. For 11 months, Brazil has consistently had job growth. But, the rate of new posts has slowed since August 2023. The General Register of Employed and Unemployed Persons (Caged) provided these […]
Brazil's Finance Minister, Fernando Haddad, introduced today a tax plan to improve the nation's economy. This new strategy aims to replace an outdated approach, signaling the government's commitment to economic reform. Despite this, it has sparked diverse reactions, highlighting the plan's complex nature. The proposal suggests ending some tax breaks for small towns and businesses. […]
The year 2023 marked a crucial yet difficult time for democracy in Africa, especially in its western and central parts. Two African nations, Niger and Gabon, faced military coups. These events signified a deepening crisis in democratic governance across the region. In Niger, a significant shift occurred in July. General Abdourahamane Tiani led a military […]
In 2023, Taiwan dramatically shifted its investment strategy, notably reducing its investments in China to a historic low. At the same time, it boosted investments in the U.S. and Germany. Taiwan’s direct investment in China fell to just 10% of its total outbound investment. This drop represents the lowest percentage in decades. Meanwhile, Taiwan’s overall […]
Uruguay, renowned for its stability in South America, faces five pivotal challenges. First, navigating the global landscape is crucial. Economic shifts and geopolitical tensions worldwide directly affect Uruguay. It must understand its role globally and regionally to seize opportunities and minimize risks. Secondly, the country is focusing on economic growth. Following modest gains, there’s a […]
In 2023, São Paulo's tourism industry hit a record high, achieving a financial turnover of R$ 289.6 billion ($60 billion). This peak marks the sector's highest financial performance in history, raising its contribution to the state's GDP to 9.3%. This achievement is noted by the Tourism Economy Intelligence Center (CIET) in partnership with the São […]
In a groundbreaking legal move, The New York Times has sued OpenAI and Microsoft, alleging copyright infringement in AI chatbot technology like ChatGPT. This action is a first from a major news organization against AI platforms. The Manhattan lawsuit alleges OpenAI and Microsoft developed AI models like ChatGPT and Bing Chat using the newspaper's articles […]
The recent escalation of tensions between Israel and Hezbollah has led to a series of complex developments affecting both sides of the Israel-Lebanon border. Following the intensifying rocket attacks from Lebanon, Israel, under the guidance of Minister Benny Gantz, has issued a stern warning. Gantz conveyed that Israel would target more locations in Lebanon if […]
(Opinion) In the legal drama surrounding Donald Trump’s future in politics, the U.S. Supreme Court is now the star player. This unfolding saga, ripe with contrasting state court decisions, has all the makings of a blockbuster constitutional battle. Picture this: Colorado’s Supreme Court drops a bombshell, booting Trump off their primary ballot due to the […]
Through Javier Milei’s legislative proposal, the Argentine government plans a significant overhaul of the 1967 Hydrocarbons Law. It aims to remove regulations on prices and exports, impacting the burgeoning oil and gas sector, especially the Vaca Muerta fields. The oil sector received news that Export Rights rates will stay at 8%. However, the proposal seeks […]
Brazil's IPCA-15, a key inflation indicator, rose 0.40% in December, leading to a preliminary annual rate of 4.72%. This marks a decrease from the previous year's 5.90%, as the Brazilian Institute of Geography and Statistics IBGE reported. December's slight increase, 0.07 percentage points higher than November, was mostly due to a surge in airfare prices. […]
In 2023, Caribbean island nations mostly maintained their current military structures, with notable advancements in the Dominican Republic and Jamaica. Antigua & Barbuda's Defense Force added a new aircraft to its recently established Air Wing. Cuba's Revolutionary Armed Forces displayed advanced 6x6 Ural trucks, showcasing continued Russian military cooperation. Haiti, amidst crisis, progressed in rebuilding […]
Vitor Roque, an 18-year-old Brazilian forward, joins Barcelona, marking his inclusion among the club’s notable Brazilian talents until July 2031. Roque’s deal, worth a total of 74 million euros, sets a new benchmark in Brazilian football for its financial magnitude. Athletico Paranaense negotiated Roque’s transfer, initially planning for him to stay in Brazil until mid-2024. […]
U.S. and Mexican officials recently announced significant advancements in their emergency migration talks. This issue, critical for President Joe Biden, becomes increasingly relevant as he approaches an election year. The discussions focused on reducing the surge in migration, a pressing concern for Biden. U.S. Secretary of State Antony Blinken visited Mexico City during Christmas week. […]
The Portuguese government, signaling a major shift, announced plans to privatize over 51% of TAP Air Portugal. Renowned European carriers like Air France-KLM, Lufthansa, and IAG (British Airways and Iberia) have shown keen interest. Finance Minister Fernando Medina made this announcement post a cabinet meeting. The strategy includes offering up to 5% of TAP's shares […]
On Wednesday, the Ibovespa index soared, setting a new record by closing at 134,193.72 points. This milestone at the stock market surpassed Tuesday's high, reflecting growing market optimism. Key domestic developments and positive global market trends fueled this rise. Investors now eagerly await Thursday's economic announcements from Finance Minister Fernando Haddad for 2024. The government […]
Brazil has launched its National Cybersecurity Policy (PNCiber), aiming to securely guide cyber and virtual activities. President Luiz Inácio Lula da Silva signed the decree, marking a significant step in national security. This policy introduces the National Cybersecurity Committee (CNCiber) to oversee and update
Under the Bolivian Private Entrepreneurs Confederation (BPEC), business leaders in Bolivia are concerned about the 2024 economic climate. Key issues include the global financial crisis, reduced income from hydrocarbon exports, and declining Net International Reserves (NIR). These challenges are impacting Bolivia’s foreign trade, manufacturing, and finance sectors. Public worry is rising due to limited dollar […]
Responding to the prolonged drought, the Panamanian government has extended the National Environmental Emergency until May 31, 2024. Initially set to end on December 31, the extension is based on climate predictions indicating a longer dry season. The Presidential Palace announced the original declaration on May 30. Now, the government will continue special contracting as […]
In November, Brazil, a global coffee leader, boosted its exports by 15.4%, shipping out 4.33 million 60-kilogram bags. The Coffee Exporters Council (Cecafé) reported this significant growth. Notably, robusta coffee, known as conilon in Brazil, surged by 678%. It accounted for 856,000 bags, making up 20% of the total exports for the month. On the […]
Hosting the 19th Star Match at Maracanã Stadium, revered former player Zico attracted over 50,000 spectators to this beloved annual event. It celebrated football by uniting past and present players. This year’s match held special significance, paying homage to football icons Pelé and Roberto Dinamite. The night started with Zico giving Pelé’s grandson a shirt, […]
Chelsea’s recent 2-1 victory against Crystal Palace marked their third consecutive home win, signaling a significant turning point. It happened during the 19th round of the Premier League on Boxing Day at Stamford Bridge. These wins are breathing new life into Chelsea’s season. Under Mauricio Pochettino, the team faced struggles with several recent losses. Yet, […]
Chile’s leader, President Gabriel Boric, recently announced a significant step for the nation’s lithium industry. He revealed a new partnership between Codelco, the state-run National Copper Corporation, and SQM, a private mining company. This partnership aims to boost lithium production, a critical resource for clean energy. Codelco, representing all Chileans, has negotiated this deal with […]