In 2024, Argentina, led by President Milei and Minister Caputo, embarks on a crucial journey, confronting numerous economic hurdles. They grapple with a legacy of past governance, focusing on overcoming inherited economic challenges. January’s approaching debt maturities of nearly US$4 billion test the nation’s financial fortitude. Simultaneously, escalating inflation demands strategic management to stabilize the […]
Over ten years ago, Namibian Stefan Van Wyk dreamt of creating Angola's first private wildlife refuge adjacent to Namibia. His goal was bold: to make Cuatir Africa's largest private safari park. In 2012, a flight over Cuatir revealed its untouched beauty, sparking Stefan's ambitious journey. Cuatir sits between two rivers, far from Angola's capital. Its […]
Adelino Cardoso, the Infrastructure Minister of São Tomé and Príncipe, resigned on January 2, 2024, amid controversies surrounding public enterprise concessions. This development followed a dispute involving the President's alleged involvement and opposition from Enaport's employees. Cardoso stated that his immediate resignation was a step towards addressing these issues and restoring order. The contention centered […]
On Tuesday, S&P Global reported that Brazil's Manufacturing PMI decreased to 48.4 in December. This score means the sector is shrinking. A score below 50 shows this. For four months, the score has been under 50. Factory orders fell again in December. This drop was the biggest since June. Less demand caused this. Also, global […]
Mexico's Caribbean region is experiencing an unprecedented surge in international tourism. Famous destinations like Cancun, Tulum, and Riviera Maya are drawing record numbers. The region's allure is evident, with Cancun preparing for 1.8 million visitors this winter. Quintana Roo has become the preferred choice for half of Mexico's international tourists. Airport arrivals are breaking records. […]
(Opinion) In a decisive move, Israel’s Supreme Court invalidated a reform law that threatened judicial independence. This ruling safeguards the balance of power, a cornerstone of democracy. It shows that even government actions have limits, upholding democratic principles. The court’s decision highlights its crucial role in checking government authority, ensuring fair governance. Netanyahu’s proposed reforms […]
On Tuesday morning, a helicopter with at least four passengers crashed into Furnas Lake in Capitólio, Minas Gerais. Three individuals were rescued and transported to nearby hospitals, while a fourth is missing and being searched for by divers. The health status of the occupants has not been disclosed. Two passengers managed to exit the vehicle, […]
A Japan Airlines Airbus A350, on flight 516 from Shin-Chitose Airport, met with a grave accident at Tokyo’s Haneda Airport on Tuesday evening. During landing, it tragically collided with a Coast Guard plane. This led to an urgent evacuation as the jet was consumed by fire. The event was broadcast, showing the plane ablaze on […]
In 2023, sovereign bonds of Latin American countries exhibited no major surprises in terms of their overall robustness. However, there were notable shifts in the rankings of countries with lower credit quality and reputation. Venezuela persisted as the nation with the lowest quality sovereign fixed income, but Argentina improved its standing, moving away from its […]
On Monday, Brazil reintroduced import taxes on electric vehicles, solar panels, and wind energy equipment. This decision aims to redirect funds towards modernizing its industrial sector. President Luiz Inácio Lula da Silva's plan involves reindustrializing Brazil and shifting to cleaner energy technologies. The government plans to use the revenue for green mobility and ecological innovation. […]
Post-pandemic, Dubai's market overflowed with unsold homes, leading former SoftBank executive Akshay Naheta to buy land on Jumeirah Bay Island. This area, shaped like a seahorse, is now blossoming into a hub for the ultra-wealthy. Naheta, alongside Lebanese developer Wissam Damaa, is launching a collection of ten mega-mansions on the island and nearby La Mer […]
Iran’s recent dispatch of the Alborz destroyer to the Red Sea marks a significant escalation in regional tensions. This strategic move follows the U.S. Navy‘s sinking of three Houthi boats, complicating efforts to secure a vital global trade waterway. The Alborz crossed the Bab El-Mandeb strait, a key chokepoint between the Red Sea and the […]
Bitcoin soared above $45,000 for the first time in nearly two years, driven by anticipation of a U.S.-approved ETF directly investing in the cryptocurrency. This rise, accompanied by surges in other tokens like Ether, marks over a 20% increase since early December. The crypto market eagerly awaits the January 10 decision by the U.S. Securities […]
The 2024 official Brazilian calendar, published in the Diário Oficial da União, lists eighteen commemorative dates: ten national holidays and eight optional days. Uniquely, half of these holidays will fall on weekends, reducing the number of extended breaks typically enjoyed. 2024’s Notable Addition A significant addition to the 2024 calendar is the national holiday status […]
In 2024, the Brazilian Navy commissions the Humaitá (S41), the second Riachuelo-Class submarine, marking a milestone in its PROSUB. This achievement follows rigorous maintenance and testing phases, underscoring Brazil's commitment to enhancing its naval capabilities. The Humaitá underwent RANAE maintenance, meticulously handled by Itaguaí Construções Navais (ICN) in collaboration with France's Naval Group. This detailed […]
In 2024, Brazil's IPCA inflation is forecasted to stay between 3.5% and 4.2%, potentially below the target ceiling for the second year. This range is within the set target of 3% with a 1.5% tolerance. Inflation could reach up to 4.5%, but it's expected to be lower than the 2023 limit of 4.75%. The financial […]
Forecasts for 2024 show a global GDP deceleration, expecting growth between 2.1% and 2.7%, with Brazil’s rate anticipated to fall below this average. The U.S.’s monetary tightening and China’s real estate market decline are influencing these predictions. Fitch Ratings foresees the most significant deceleration, while PwC predicts a smaller deficit. Both highlight the slowing of […]
On Monday, Nicaragua began trading under its new free trade agreement with China, marking a significant economic shift. This pact allows Nicaragua to export a vast majority of its products to China without tariffs, enhancing trade opportunities. Key exports include meats, seafood, sugar, peanuts, rum, and non-food items like leather and auto parts. The agreement […]
On December 31, an apartment building in Aracaju, Sergipe, Brazil, suffered a devastating explosion. This incident led to the building's partial collapse, resulting in three fatalities and 14 injuries. A gas cylinder leak on the ground floor triggered the explosion. Among the deceased were two young men, aged 20 and 21, and a 20-year-old woman. […]
On Monday, the National Institute of Statistics and Informatics (INEI) reported that Peru’s inflation rate reached 3.41% in 2023. This rate reflects the changes in the Consumer Price Index (CPI) over the year. In December alone, the CPI rose by 0.30%. This increase contributed to the annual rate. For Metropolitan Lima, the CPI in December […]