Brazil and China are enhancing their ties by extending tourist and business visas to ten years. This significant move doubles the previous limit and marks a major development in their diplomatic and economic relationship. In 2023, Brazil welcomed approximately 42,500 Chinese tourists. With this new visa policy, these numbers are expected to grow. This initiative […]
The Brazilian National Agency of Petroleum, Natural Gas, and Biofuels (ANP) has updated its 2024 investment forecast. They expect up to $1.96 billion for exploring oil and gas. Notably, the Equatorial Margin might get around $1 billion. The agency highlights these figures from the Exploration Phase Investment Predictions panel. They remind us that updates might […]
Argentina is grappling with a major economic challenge. Its inflation rate has soared to 211%. This is causing a growing gap between the official and parallel exchange rates. The country is now bracing for another potential devaluation of its currency, the peso. This comes shortly after its value in dollars was cut in half. Since […]
In early 2024, Egypt’s Suez Canal saw its income fall by 40%. Houthi attacks in the Red Sea caused this big drop. This canal is vital for Egypt and global trade. Now, Egypt must rethink its economic plans and find new ways to earn. This issue goes beyond Egypt, affecting nearby countries too. These countries […]
In 2023, the United States faced a severe homelessness crisis, with the number of individuals without a home reaching over 650,000. This record, the highest since 2007, becomes particularly distressing in winter, with some regions experiencing temperatures dropping below -30 ºC. Notably, New York City, often referred to as "The Big Apple," has around 100,000 […]
Chile, known for its vast lithium reserves, is becoming a hub for international battery manufacturers. These manufacturers, particularly those from South Korea, are interested in developing processing facilities in Chile. They aim to transform semi-processed lithium into materials for rechargeable batteries, with a focus on supplying the U.S. market. InvestChile, the agency promoting foreign investment […]
In Latin America's drug trade, a significant shift is underway: more women are stepping into leadership roles within drug cartels. This change suggests a strengthening of these organizations, as reported by the Los Angeles Times. Yadira Gálvez, a security expert at the National Autonomous University of Mexico, highlights this rise as a change in how […]
Peru has emerged as a global leader in avocado exports, now ranking as the world's second-largest exporter. The Peruvian Ministry of Agricultural Development and Irrigation (Midagri) announced a significant achievement: Malaysian recognition of Peru's phytosanitary standards. This approval allows Peruvian avocados access to 67 world markets, adhering to stringent sanitary requirements. In 2023, Peru's avocado […]
In 2023, Uruguay's tourism sector reached a new high with over 3.8 million visitors, generating substantial revenue of $1.776 billion. This achievement, reported by Uruguay's Tourism Minister, Tabaré Viera, represents the highest visitor count since record-keeping began. Argentine tourists led this influx, increasing by 40.8% from the previous year to 1.646.631 individuals. This growth signifies […]