In the latest development, Brazil has introduced a limit on credit card interest rates due to a high level of default. The new regulation imposed by President Luiz Inácio Lula da Silva's administration limits the maximum interest rate to 100% of the original debt. For example, if a person owes $200, their total repayment, including […]
The Cape Verdean Government begins its privatization plans by setting to sell 27.44% of its Caixa Económica de Cabo Verde shares. Officials have announced the public offering on the local Stock Exchange for January 10. The sale will run from January 11 to February 23. Each share costs 4,080 escudos, or approximately $40.55. Interested buyers […]
The United States aims to enhance security by planning drone bases along the West African coast. This strategy responds to the growing influence of extremist groups like al Qaeda and Islamic State in the area, as reported by officials and the Wall Street Journal. American and African authorities confirm these plans, reflecting a proactive approach […]
El Salvador’s President, Nayib Bukele, has recently championed the idea of uniting Central American countries. He believes this union could lead to better investment opportunities and other advantages, especially given the region’s small nations with relatively weak economies. During a live two-hour program, Bukele answered questions from individuals across Central America. He denied affiliations with […]
In 2023, the United States witnessed a significant drop in venture capital activities, marking the lowest level of investment since 2019. This downturn reflects the challenging conditions startups faced throughout the year. During this period, investors showed a keen interest in artificial intelligence startups, but the larger industry faced hardships. Research firm PitchBook reported that […]
Cuba entered 2024 facing a severe economic crisis characterized by unprecedented inflation, currency devaluation, and widespread hunger. These challenges have compelled the government to implement strategies to “correct distortions” and boost economic activity. As the nation marked 65 years since the Revolution on January 1st, President Miguel Díaz-Canel Bermúdez voiced optimism for 2024, despite daunting […]
In November 2023, Mexico’s private oil producers hit a 16-month low, extracting just 95,400 barrels daily, according to the National Hydrocarbons Commission. This decline continues the downward trend, showing a 2% monthly and 8% annual drop. It’s the third consecutive month of reduced yields. Leading companies such as ENI and Hokchi Energy drove these significant […]
Ibovespa, Brazil's stock index, experienced a decline on Thursday, influenced by robust US employment data and Brazil's PMI figures. The US ADP employment report disclosed the creation of 164,000 new jobs in December, surpassing the projected 125,000. As their recent meeting minutes indicated, this unexpected increase in job growth suggests investors should be cautious about […]
Bolivia, having implemented the Integrated Air Defense and Air Traffic Control System (Sidacta) in 2023, is now poised to address longstanding defense requirements. Modernizing its military infrastructure with Thales' Sidacta system, Bolivia advances to the forefront of South America's defense technology. Despite this progress, the Bolivian Air Force faces a significant challenge: the absence of […]
In a new development, scientists have made a groundbreaking discovery with zosurabalpin, a new antibiotic. It effectively combats Carbapenem-resistant Acinetobacter baumannii (CRAB), a notably dangerous drug-resistant bacterium. Antimicrobial resistance, a severe global health threat, causes approximately 1.3 million deaths annually. CRAB is especially challenging to treat as its outer membrane often blocks traditional antibiotics. Researchers […]
(Opinion) Recent events in the Middle East have significantly escalated tensions, raising fears of a broader regional conflict. A terror attack in Iran and intensified skirmishes in the Red Sea, coupled with Israel’s operations in Gaza and the assassination of a Hamas leader in Lebanon, have created a volatile atmosphere. These incidents are intricately linked, […]
Corn futures saw a dramatic 30% decline in 2023, marking the steepest drop in a decade as reported by the Chicago Board of Trade CBOT. This significant fall, the most substantial since 2013, overshadowed other grains like wheat and soybeans. They also experienced notable decreases of 21% and 15%, respectively, influenced by inconsistent harvests and […]
In 2024, JPMorgan’s Investment Chief, Michael Cembalest, foresees ten critical scenarios impacting the investment market. First, the U.S. economy might avoid a recession. If it does occur, it’s expected to be mild. This forecast shows a positive outlook on economic stability. However, investors should brace for challenges. The slowing U.S. GDP and modest S&P 500 […]
On Wednesday, Brazil declared support for Argentina's claim over the Falkland Islands, intensifying its long-standing dispute with the United Kingdom. President Javier Milei of Argentina seeks control and renewed dialogue with Britain. Brazil's position, rooted in a history dating back to 1833, reaffirms Argentina's legitimate rights over the territory and surrounding maritime areas. The Brazilian […]
The Brazilian city of Dourados kickstarted the nation's first large-scale dengue vaccination on Wednesday, targeting 150,000 residents with Takeda's QDENGA vaccine. This move marks a significant step in battling the mosquito-borne illness that ranges from mild to potentially fatal. Takeda's QDENGA vaccine represents a significant advancement in the prevention of dengue fever, offering a new […]
In a standout NBA match at the Crypto.com Arena, the Miami Heat secured a 110 to 96 victory over the Los Angeles Lakers. The Heat’s win was particularly notable given the absence of their star player, Jimmy Butler. Erik Spoelstra’s team demonstrated impressive teamwork, with eight players scoring double digits. Tyler Herro led the scoring […]
Brazilian country (sertanejo) artist João Carreiro passed at 41 following heart surgery, his official Instagram profile confirmed. Undergoing a valve implant, he sadly succumbed to complications. Francine Caroline, his wife, shared hopeful then somber updates during his surgery, culminating in a message of loss. The wake is set for Thursday in Campo Grande, with his […]
Ecuador’s President, Daniel Noboa, announced a public consultation to enhance security and employment amid rising criminal violence. On Wednesday, he urged unity to tackle the country’s security, job, and financial challenges. His 18-month government aims to shift the tide through this national strategy. Noboa submitted 11 pivotal questions to the Constitutional Court, adhering to his […]
In 2023, Brazil achieved its highest energy sector growth in seven years, setting a new record. This increase was mainly due to wind and solar power. The growth reached 10,324.2 megawatts (MW). This information comes from the National Electric Energy Agency (ANEEL). ANEEL is in charge of regulating this sector. The growth in 2023 went […]
In 2023, Brazil experienced a 91% increase in electric car sales compared to the previous year. The Brazilian Electric Vehicle Association (ABVE) shared this news. They reported selling 93,927 electric cars in 2023. This was a big jump from 49,245 in 2022. Electric cars are now 5% of all cars sold in Brazil. ABVE's President, […]
The Argentine Labor Appeals Court halted President Milei’s labor reform decree during a court break. This reflects the judiciary’s role in checking government actions. Judges González, Sudera, and García Vior made the decision, with González suggesting further review by another court. President Milei aimed to repeal several laws, including those on price controls and public […]
Starting January 10th, Brazil will reinstate visa requirements for tourists from Canada, Australia, and the United States. This move extends the initial October 1st, 2023 deadline, providing a grace period for travelers arriving by January 9th. The Ministry of Tourism has indicated that the change is based on the tourists' arrival date in Brazil. This […]