In 2023, Brazil witnessed a $12.6 billion decline in foreign investments, reducing the total to $62 billion. This drop decreased the investment’s Gross Domestic Product (GDP) share to 2.85%, down from 3.82% in 2022. December saw a net outflow of $389 million, mirroring the previous year’s $479 million. The Central Bank of Brazil links this […]
In 2023, 1,405 companies in Brazil sought judicial recovery, a 68.7% increase from the previous year. Small businesses made up 939 of these applications. Additionally, bankruptcy filings rose by 13.5%. Companies seeking help jumped significantly to 1,405 from 833 in 2022. Serasa Experian reported this data. Small and micro businesses led with 939 requests. Medium […]
Eastern Congo is facing increased violence, causing many to leave their homes. The clash, mainly between M23 rebels and government forces, grows in the Kivu regions. Civilians seek safety away from the frontlines. The M23, supported by Rwanda, has become active again, capturing key areas, including Shasha. This town links Goma and Bukavu, worsening the […]
The OECD predicts Brazil's economy to grow by 1.8% in 2024 and 2% in 2025, showing a slight slowdown from the 3.1% growth in 2023. This forecast suggests Brazil is on a path of cautious recovery, slightly outpacing the IMF's predictions. Brazil's growth aligns with global trends, mirroring a 2.9% and 3% estimate, showcasing its […]
In 2023, Florida saw a significant uptick in visitors from abroad, totaling 8.3 million, just shy of the pre-pandemic figure of 9.8 million from 2019. Recovery sees a significant 1.3 million visitor increase from the previous year, as revealed during the Florida Huddle 2024 briefing. Brazil played a pivotal role in this resurgence, ranking as […]
Senior Biden administration officials visited Guyana to address the Essequibo dispute with Venezuela. The region, rich in resources, has sparked tensions. The US aims to prevent conflict escalation, with Jon Finer and Juan González leading these efforts. Exxon Mobil’s 2015 discovery in the Essequibo heightened tensions. Venezuela claims the territory, but Guyana seeks a diplomatic […]
During the weekend, the US and UK struck Houthi strongholds in Yemen. These strikes, aimed at command centers and weapon facilities, disrupt threats to global shipping lanes. Earlier, both nations hit Iran-backed groups in Syria and Iraq, showing a pattern of response to regional threats. The attacks on the Houthis were to protect vital trade […]
German firm Bayer is cutting back in Kenya, handing off major tasks. This follows UK’s GlaxoSmithKline and foreshadows Procter & Gamble’s future departure. Rising taxes, a weak shilling, and high energy costs are driving companies out. The Kenya Association of Manufacturers predicts more exits, pointing to growing financial pressures. Loan defaults in manufacturing have hit […]
Senegal’s President, Macky Sall, suddenly stopped the elections set for February 25. This halt shocked many, as campaigns were about to start. It sparked debate and plans for an opposition alliance. Critics call it a “constitutional coup,” showing deep political divides. Sall suggested talks for a fair vote but didn’t pick a new date. He […]
In January, rice markets saw a downturn, particularly in Rio Grande do Sul, Brazil's main reference for rice. Analyst Evandro Oliveira points out several reasons for the price drop: the upcoming harvest, a rise in imports, and resistance from the industry to increase prices due to retail pressures. These factors combined to keep prices on […]