Iquitos, Peru, stands as a remarkable city hidden in the lush Amazon rainforest. This South American city, unique for its lack of road access, has carved a niche for itself in history and tourism. Its location and past play key roles in its current identity. Iquitos' region is larger than countries like Germany and Japan, […]
Santo Domingo, the Dominican Republic's capital, stands out as a top destination for digital nomads in the Caribbean. Unlike Tulum and Nassau, known for high costs targeting affluent visitors, Santo Domingo offers affordability and cultural richness. This city's rise as a nomadic hotspot contrasts with the Caribbean's image of expensive resort tourism. Digital nomads, known […]
The central banks of Brazil, Chile, and Colombia are poised to make crucial economic policy decisions. These countries, among the largest economies in Latin America, will potentially set a trend for the region as they work to control inflation. Their actions matter because they can influence economic stability and growth across Latin America. In Brazil, […]
The Bank of Mozambique, aiming to stabilize the economy, has reduced its MIMO interest rate from 17.25% to 16.50%. This decision, made during the bank's first regular Maputo meeting, reflects efforts to maintain single-digit inflation. The move is vital for the country's economic stability and growth. In December 2023, the annual inflation rate dipped to […]
Domingos Simões Pereira, President of Guinea-Bissau's Parliament, today highlighted a concerning issue: the rise in narcotics entering the country. He also pointed out the weakening of democratic institutions. This situation mainly benefits select individuals over the democratic process. Pereira's response came after the Interior Minister of Guinea-Bissau denied an increase in drug trafficking. This denial […]
In Wednesday's trading session, Brazil's IBOVESPA index stood out by recording gains, contrasting with the downward trend of American indices. The Brazilian stock market benchmark rose by 0.55% to 128,096.86 points, according to preliminary data. Against the backdrop of the Federal Reserve's decision, U.S. interest rates remained steady at 5.25–5.50%, meeting market expectations. The market's […]
During Wednesday’s trading session, oil prices dropped in response to the Federal Reserve’s decision to hold interest rates steady. This move matched investor expectations but led to a decline in oil prices. The decrease began early in the session, influenced by reports of China’s economic slowdown. Despite the day’s fall, oil prices recorded their first […]
Recently, Brazil's currency market witnessed significant fluctuations, influenced by the Ptax rate battle and the Federal Reserve's monetary policy decision. The session ended with the Brazilian real marginally declining against the U.S. dollar, a 0.16% decrease to 4.9384 reais. Despite this dip, the U.S. dollar experienced a 1.79% rise throughout January. In Brazil's futures market, […]
Air Europa's decision to reinstate direct flights between Recife and Madrid marks a significant development for Pernambuco's tourism sector. This route, previously operated by the Spanish airline, was discontinued in 2019. Now, its revival strengthens connections between Pernambuco and Europe, offering a direct link to Madrid. Raquel Lyra, the Governor of Pernambuco, expressed enthusiasm about […]
The Central Bank of Colombia’s Board of Directors decided by a majority to cut the monetary policy interest rate by 0.25 percentage points, bringing it down to 12.75%. Influenced by nine consecutive months of decreasing annual inflation, the decision aligns with the technical team’s forecast, ending at 9.28%. Inflation drop due to lower food and […]