Southeast Asia is on the brink of a demographic shift that could upend its economic landscape. The region, known for its dynamic workforce, is aging rapidly, with a predicted decline in the working-age population starting this year. This trend poses a significant threat to the economic growth spurred by demographic dividends in past decades. Vietnam’s […]
After the worldwide craze for K-pop and K-drama, South Korea is setting the stage for its next global phenomenon: K-Defense. President Yoon Suk Yeol endorses this new venture, showcasing South Korea’s expansion into the global arms industry. His visit to Hanwha Aerospace underscored the nation’s ambition to redefine its defense sector as a contributor to […]
Brazil's federal revenue soared to a historic high of R$ 280.64 billion ($56.13 billion) in January, surpassing previous records since 1995. This marks a 6.67% real increase from the same period last year, the Federal Revenue Service reported on February 22, 2024. Tax authority collections contributed R$ 262.9 billion ($52.58 billion) to this total, showing […]
The Colombian government extended the period for moving psychoactive cannabis to final use to 48 months from harvest. The end use includes research, export, and derivative production. Previously, a 24-month limit was in place. Now, Resolution 224, issued on February 16, 2024, updates this timeframe. After this period, unused cannabis must be destroyed. The new […]
In early February, Mexico’s inflation fell more than predicted, setting the stage for a potential interest rate cut by the Bank of Mexico (Banxico) in March. The National Consumer Price Index (INPC) dropped by 0.10% in the first half of February 2024 compared to the prior period, leading to a 4.45% annual inflation rate, as […]
In the wake of inflation spikes after COVID-19, Brazil and Mexico have maintained high real interest rates. JP Morgan & Chase forecasts a gradual rate reduction by both countries' central banks this year, each moving at their own pace. Mexico's Monetary Strategy J.P. Morgan points out Mexico's particular attention to U.S. interest rates. The report […]
According to the National Association of Cereal Exporters (Anec), Brazil plans to export 7.3 million tons of soybeans in February. The association reported that this figure significantly surpasses January's 2.32 million tons. It slightly falls below last February's 7.54 million tons, as per its weekly bulletin derived from ship port schedules. For corn, February shipments […]
The Northeast region of Brazil stands out as a premier travel destination, boasting a paradisiacal coastline and diverse landscapes catering to every tourist. In the northeastern territory, it is possible to enjoy popular beaches with excellent hotel infrastructure, deserted and wild coastal stretches, various types of nature walks and even stretches of sand where nudism […]
Due to Venezuela’s Esequibo claims, CARICOM’s unity faces a challenge, highlighting internal splits and the difficulty of aligning support for Guyana with varied interests toward Caracas. The organization actively promotes economic integration and cooperation among its member states in the Caribbean region. Historically, CARICOM benefited from Venezuela’s energy initiatives like Petrocaribe. However, differing energy needs […]
In Latin America, over half of the billionaires, 53.8%, inherit their fortunes, a rate higher than the global average of 37.3%, surpassing the United States, Canada, and China. This trend places Latin America at the forefront of inherited wealth, even ahead of Western Europe's 51.4%. The Economic Commission for Latin America and the Caribbean (ECLAC) […]
The New York trial of Juan Orlando Hernández, former President of Honduras, begins with grave charges. U.S. prosecutors allege Hernández protected drug traffickers using his country’s forces for personal gain. “He sent vast amounts of cocaine to the U.S.,” claims prosecutor David Robles, highlighting the abuse of power for financial rewards. Despite the defense’s rejection […]
This Thursday brings excitement with matches from the Recopa Sul-Americana, Copa do Brasil, and Europa League taking center stage. In Ecuador, Fluminense faces LDU in the first match of the Recopa Sul-Americana, eyeing its inaugural title in the competition. For the Copa do Brasil, Corinthians kick off against Cianorte. Thanks to the competition’s rules, Corinthians […]
São Paulo City Hall is transforming 11% of its urban landscape into green spaces. This effort targets 32 private properties for park and conservation development, promising fair compensation to owners. The targeted areas, mostly on the outskirts like Cantareira and Parelheiros, include some central locations such as Casa Verde and Mooca. The city plans to […]
Intel Corp. has joined forces with Microsoft Corp., marking a pivotal moment in Intel's custom chip production journey under CEO Pat Gelsinger's leadership revival plan. The partnership leverages Intel's cutting-edge 18A manufacturing technology for a chip designed by Microsoft, underscoring the tech giant's venture into proprietary hardware development. Intel's partnership signals entry into the foundry […]
Brazil and Paraguay have teamed up in Operation Ágata Fronteira Oeste II, targeting nearly 130 million reais in illicit activities. Launched 90 days ago in early February, this campaign aims to curb transnational and environmental offenses through May 3. The initiative has already shown impressive outcomes, confiscating vast sums of illegal assets. Since January 29, […]
Armação dos Búzios, a city in Rio de Janeiro, is on high alert due to an outbreak of yellow scorpions. The Instituto Vital Brazil (IVB) captured around 200 of these venomous creatures early this month. These scorpions, known for being the most hazardous in Brazil, pose a significant threat. The IVB has included these scorpions […]
Bahia clinched a spot in the Copa do Brasil’s next round with a 4-0 win over Moto Club on Wednesday. Goals from Óscar Estupiñán, Jean Lucas, Cauly, and Rafael Ratão at Nhozinho Santos stadium in São Luís led the charge. The game began with Bahia’s attack gaining momentum, culminating in Estupiñán’s penalty goal. This followed […]
The Rio Football Federation (Ferj) recently convened Serie A Carioca Championship clubs for a dialogue on Wednesday to review the tournament’s feedback. Ferj’s President, Rubens Lopes, advocated for balanced criticism from the clubs. Notably, Vasco voiced concerns over refereeing errors, and Flamengo’s coach, Tite, pointed out issues with the match balls. The conversation aimed at […]
From December 2021 to December 2023, São Paulo's streets saw a dramatic rise in homelessness, with numbers escalating from 3,842 to 64,818. This finding, from a Federal University of Minas Gerais (UFMG) study, underscores a deepening crisis. However, due to not updating its data, São Paulo lost out on $7 million in federal funds in […]
In 2023, global debt surged to an unprecedented $313 trillion, marking a $15 trillion increase from the previous year, as the Institute of International Finance (IIF) reported on February 21. Although this was a new high, the ratio of debt to the worldwide Gross Domestic Product (GDP) actually fell slightly to 330%. This marks the […]
On Wednesday, Roberto Campos Neto, President of Brazil's Central Bank, announced Brazil's interest rates are nearing those of the developed world. He compared them to the neutral rate, which is closer than in other emerging markets. At a Parliamentary Front for the Green Economy event in Brasilia, Campos Neto stated the difference in rates is […]
The Colombian government declared on Wednesday that the ELN’s choice to pause peace talks brings needless trouble. This decision harms the peace process. The government said the ELN alone causes these problems. Their actions stretch out armed conflicts and hurt communities. They also lower trust in peace efforts. On February 19, the ELN shared they […]
On Wednesday, the Ibovespa (IBOV) extended its winning streak to five days, with Vale’s (VALE3) share recovery significantly boosting the index. The Ibovespa edged up by 0.09%, closing at 130,031.58 points, unaffected by Wall Street’s downturn after the Federal Reserve’s meeting minutes were released. The Fed’s documentation indicated a general concern about prematurely lowering U.S. […]
President Umaro Sissoco Embaló has vowed to hold legislative elections in Guinea-Bissau before the rainy season starts in June, aiming for presidential elections in November 2025. Despite dissolving parliament in December, he has yet to set an exact election date, suggesting March or April but not confirming. During a market visit in Bissau, Embaló stressed […]
In 2023, Mozambique witnessed a significant 12.7% growth in state revenue, amounting to 321.921 billion meticais (€4.675 billion), largely due to increased tax collections. This growth, detailed in a report from the Ministry of Economy and Finance, achieved 92.2% of the year’s projected revenue, initially estimated at nearly 349.114 billion meticais (€5 billion). Tax revenue, […]