Rio Tinto’s Simandou project launches in West Africa, aiming to become the world’s largest mining venture. This $20 billion project combines iron ore extraction with railway and port development in Guinea, pioneering mining operations. The Simandou mountain range in southeast Guinea spans over 100km. Its subsoils contain the world’s largest untapped reserve of high-grade iron […]
In São Paulo, "padocas" are more than just bakeries; they're a city staple. Even with a shift towards artisanal goods, classics like grilled bread and coffee remain favorites. At the 27th Indo-Pacific Naval Academies Seminar, São Paulo's top chefs shared their go-to bakeries, highlighting both modern and time-honored spots. Mari Sciotti of Quincho cherishes Toulouse […]
Peru is probing ex-President Martín Vizcarra for suspected corruption. Reports had earlier indicated the arrest of his alleged corrupt associates. Vizcarra, in office since March 2018, was impeached by Congress in November 2020 over alleged favoritism towards construction firms. These serious allegations point to potential power abuses during his public service. After his removal, Vizcarra […]
Brazilian exports to India have experienced a downturn in 2023, with both nations acknowledging the current trade relations as modest. Subrahmanyam Jaishankar, India's Minister of External Affairs, expressed a desire for enhanced bilateral ties. "We have significant political cooperation, with Brazil strongly supporting India in the G20. What we seek is to deepen our relations […]
In Rio de Janeiro, the world's economic leaders meet for the G20 summit under Brazil's leadership. A growing dispute between Brazil and Israel is overshadowing discussions, casting a shadow over the event's agenda. Hosted at Marina da Glória, the summit includes all G20 nations, with Brazil emphasizing social inclusion, poverty reduction, sustainable development, and global […]
Pakistan Navy expands with Hangor-class submarine, featuring advanced Chinese tech, cruise missiles, and Air-Independent Propulsion (AIP) system. This initiative underscores a significant phase in the Indo-Pacific arms race, fostering a deep-seated alliance between Islamabad and Beijing. This collaboration seeks to elevate Pakistan's naval dominance in the Indian Ocean, challenging India's significant maritime presence. Pakistan Navy […]
Vietnam is on track to experience the world’s most significant wealth growth in the next decade, with an anticipated 125% increase, surpassing giants like China and Japan. This forecast by New World Wealth and Henley & Partners positions Vietnam as a leader in Asia for GDP per capita and millionaire growth. As a burgeoning center […]
Japan is spending $67 billion to boost its chip-making capacity, aiming to reduce the impact of US-China tensions. This effort is crucial for the economy and global technology. Rapidus Corp., a newcomer, aims to produce 2-nanometer chips by 2027. This ambitious goal challenges the norm for a country lagging behind in semiconductor production. The rivalry […]
Cacau Show CEO Alê Costa acquires Playcenter Group, steps closer to São Paulo theme park dream realization. Fond childhood memories of visiting Playcenter inspired Costa's ambition for such a venture. Costa reminisces about the excitement of getting entry stamps at Playcenter, once Brazil's premier amusement park, which closed in 2012 due to financial difficulties. Playcenter […]
Argentina has implemented a 30% minimum wage increase for February and March, as announced by the Presidential spokesperson, amidst an inflation rate surpassing 250%. Adjustment made without Minimum Wage Council consensus; Council sought 85% rise, comprising government, business, and union representatives. The decision, initially resisted by President Javier Milei, sets the minimum wage at 180,000 […]
In a new development, Petrobras is launching a $1.7 billion project to reinject CO2 from oil extraction back underground. This technology is making the drilling process cleaner and more innovative. This initiative, set to unfold in the Mero field within the Santos Basin, leverages the modern High-Pressure Separator (Hisep) technology for efficient gas handling. This […]
Venezuelan President Nicolás Maduro and Russian Foreign Minister Sergey Lavrov recently met to discuss mutual development in key sectors. The two countries focus on central topics such as science, technology, economy, and energy. This meeting, symbolizing the solid partnership between the two nations, aimed to enhance collective growth and cooperation. Maduro highlighted the meeting’s productive […]
Flamengo showed skill and strength at Maracanã Stadium, winning 4-0 against Boavista in Taça Guanabara's 9th round. This win on Tuesday secured their semifinal spot in the Carioca Championship, joining Fluminense. The team now has 21 points. This puts them out of reach for Botafogo, in 5th with 14 points, with two rounds left. The […]
Under its G20 presidency, Brazil is championing a critical mission: to reform and enhance the United Nations (UN). This ambition, voiced by Mauricio Carvalho Lyrio, underscores the urgency of modernizing global governance and establishing robust peacekeeping frameworks. With the world grappling with 183 conflicts, the call for a structural approach to safeguard human rights is […]
Bolivia faces a severe dollar liquidity crisis, prompting President Luis Arce to unveil measures to revitalize the economy. A decade ago, the country boasted $15 billion in foreign reserves. Now, these have plummeted to under $2 billion, putting immense pressure on imports, exports, and the economy at large. The government is streamlining export procedures, enhancing […]
Colombia may begin air strikes on illegal armed groups again, announced the Defense Minister, Ivan Velasquez, on Tuesday. It hinges on ensuring minors are not in harm’s way, based on intelligence reports. These groups often recruit children to deter such attacks. Previously, Colombia’s air force played a crucial role in pushing the FARC rebels towards […]
Oil futures dipped as US markets reopened after a holiday weekend, with investors eyeing China’s economy closely. China’s central bank’s interest rate cut to stimulate growth raised concerns about oil demand, overshadowing Red Sea supply risks. West Texas Intermediate (WTI) for April delivery fell 1.28% to $78.18 a barrel on the New York Mercantile Exchange. […]
On Tuesday, Chicago's wheat futures experienced a notable rise of approximately 4%, recovering from recent lows. This uptick was largely fueled by short-covering, spurred by a depreciating dollar, and influenced by geopolitical anxieties. Specifically, traders were reacting to potential new U.S. sanctions against Russia, the top global wheat exporter, adding a layer of complexity to […]
The online gambling scene in Latin America has expanded rapidly. Growing interest in online casinos and heightened competition have put licensing in the spotlight. This overview explores how different Latin American countries approach online casino licensing and the significance of online casino directories in this sector. Diverse Licensing Approaches Each Latin American country has its […]
In the latter half of this year, Chile and Colombia are set to debut Latin America’s inaugural battery swap system. This marks a significant leap towards enhancing micro-mobility for consumers and B2B couriers, including electric bikes and mopeds. Battery swap systems offer a quick and efficient solution for electric vehicle users to exchange their depleted […]
The Ibovespa, Brazil’s leading stock index, showcased resilience by closing higher this Tuesday, despite dips in major stocks like Vale and Petrobras. This rise occurred against the backdrop of a lower Wall Street, emphasizing the index’s strength amid global market shifts. Investors now await the Federal Reserve’s meeting minutes for hints on future interest rates, […]
Brazil's beef exports surged in 2023, rising by 8.15% compared to the previous year, as reported by ABRAFRIGO. This positive trend extended into 2024, with a 28% jump in exports in January compared to the same month in 2023. Despite milestones, revenue decline stems from lower prices in major importing nations, notably China, a significant […]
China has emerged as an important importer of Brazilian coffee, ranking 6th as of January. This development is notable, as China accounts for just 4% of Brazil's coffee exports. The surge in imports, starting in the latter half of 2023 due to shifts from Ethiopian coffee, marks China as an emerging significant coffee market. China's […]
Ghana plans to process iron ore locally by 2027 to grow its economy. This move is part of Africa’s wider push to increase the value of its natural resources. The Ghana-Integrated Iron and Steel Development Corporation (GIISDEC) and the Ghana Geological Survey Authority (GGSA) shared this plan. The government has teamed up with eight firms […]
On Tuesday, the US dollar experienced a downturn against the Brazilian real, reflecting a broader global trend. This shift was primarily fueled by the market’s positive response to China’s strategic decision to lower its real estate sector’s interest rates. The day concluded with the dollar decreasing to 4.9319 reais, marking a 0.61% drop. Throughout February, […]