Chile’s Consumer Price Index (CPI) revision and the dollar’s rapid fall prompt analysts to advocate for inflationary precautions. The end of last year saw the National Institute of Statistics introduce an updated CPI basket, superseding its 2018 predecessor, with a focus on exchange rate-sensitive items. This revision aligns with the Chilean peso’s status as the […]
Gustavo Petro's government looks to tourism, clean energy, and agriculture for economic advancement, moving away from oil dependency. After a 15-year low in 2022 with a 0.8% drop, the agricultural sector rebounded in 2023, growing by 1.8%. Agriculture, livestock, fishing, and forestry exceeded 2019 figures, showing growth in late 2023. Coffee output, however, was 23% […]
Arcadium lithium leads Argentina’s lithium market. It formed from Livent and Allkem merging. Now, it slows its expansion due to low market prices. This affects projects in northern Argentina. Paul Graves, CEO, plans to cut spodumene production. This mineral comes from the Mt. Cattlin mine in Australia. The goal is to focus on Argentina and […]
The World Trade Organization’s (WTO) Director-General reports that global trade is not meeting expectations. Despite overcoming the pandemic, it faces economic hurdles and a trend towards protectionism. “The global trade system requires urgent reform to fulfill its mission,” emphasized Ngozi Okonjo-Iweala in Abu Dhabi. Here, trade ministers are gathering for the WTO’s 13th biennial conference, […]
Family enterprises are central to Latin America's economy, making up 75% of its billion-dollar companies and contributing 60% to the GDP. The leap from a family business to a multi-generational empire, however, poses significant challenges. Bloomberg Línea reveals how companies like Brazil's Magazine Luiza, Mexico's Femsa, and Colombia's Alquería have navigated these waters. Analysis reveals […]
In Beijing, Yang, a 27-year-old blogger, met her first client in an IKEA store. For 125 yuan ($17) per hour, she provided him company, writes Nikkei Asia. The client, a young man, needed someone to listen to his complaints about his girlfriend. This incident highlights a larger trend: young Chinese seeking connections amidst growing loneliness […]
In 2023, Brazil's real estate market faced an 11.4% fall in new property launches, dropping to 293,013 from 331,010 the year before. Yet, the overall value of these properties stayed at R$ 174 billion, showing market strength, as reported by the Brazilian Chamber of Construction Industry (Cbic). The slight fall in property launches contrasts with […]
The UNWTO sees tourism bouncing back by 2024, with sports events playing a key role. Collinson, overseeing 1,500 VIP lounges globally, expects sports tourism to hit $1.8 trillion by 2030. The USA and France, which will host major sports events in 2024, are prime spots for Brazilian tourists. Henrique Donabella of Collinson notes a surge […]
Brazil clinched its sixth Beach Soccer World Cup title by defeating Italy 6-4 in Dubai. This victory, coming after their 2017 win, marked a significant resurgence on the international stage. Italy took an early lead, but Brazil’s resilience and strategic gameplay turned the tide, reminiscent of their previous match against Iran. Rodrigo played a crucial […]
Natural gas futures have sunk to their lowest inflation-adjusted prices since they began trading on the New York Stock Exchange in 1990. This drop is largely due to the United States' high production rates and a warmer winter, which have pushed prices down. Beneficial for US consumers and industries reliant on natural gas for steel, […]
(Opinion) The São Paulo rally for Jair Bolsonaro shines a light on unwavering support for the former leader. It hints at changing dynamics in Brazil’s political system. While Bolsonaro’s future remains uncertain, the event introduced key right-wing players, showing who’s up and who’s down. Bolsonaro still knows how to gather crowds, despite facing legal inquiries. […]
Corinthians stumbled at Neo Química Arena, losing 1-0 to Ponte Preta in a critical tenth-round Paulista Championship match. An early mistake by Carlos Miguel paved the way for Iago Dias’s goal at the five-minute mark, setting a challenging tone for Corinthians. Despite their best efforts and control over the game, they couldn’t crack Ponte Preta’s […]
Chile is significantly boosting its military capabilities by integrating high-tech sensors, electro-optical systems, night vision cameras, and precision sights from leading global sources. Leopard 2A4 tanks, with Carl Zeiss thermal imaging, set to upgrade to Aselsan tech for improved fire control systems. Marder 1A3 vehicles undergo upgrades with OIP Land Systems, in collaboration with Famae, […]
From February 26 to March 1, 2024, we'll see a detailed review of Brazil's economy. This update will include GDP, inflation, and job data. At the same time, the U.S. will spotlight the January Personal Consumption Expenditures (PCE), a critical inflation measure the Federal Reserve uses to guide its monetary policy. Investment Insights Experts share […]
A groundbreaking luxury condo tower in Miami Beach, featuring amenities by Ritz-Carlton, is unveiling a penthouse for $125 million. This places it alongside New York's most luxurious buildings. The 15-story tower, adjacent to a Ritz-Carlton hotel in South Beach, is under development. Broker Fredrik Eklund forecasts $450 million in total sales for 30 condos, priced […]
Sean Warner and Patrick Pittaluga initially made a burger with black beans and black soldier fly larvae. This idea came after a 2013 UN report suggesting insects as a sustainable food source. However, due to the burger’s taste, they shifted focus to insect-based pet and poultry feeds with their company, Grubbly Farms. This move mirrors […]
In São Paulo, Brazil's bustling metropolis, elite social clubs are more than just recreational spaces; they symbolize a haven of exclusivity, security, and diverse leisure pursuits. These clubs cater to the city's affluent, where simply having the financial means does not guarantee access. The membership encompasses a broad spectrum, including well-established families, business leaders, and […]
Brazil and 121 nations have forged an agreement to make investing easier. This deal, finalized in Abu Dhabi, aims to smooth out operations, give investors a clear future view, and push for ethical business practices globally. The deal comes just as the World Trade Organization's 13th Ministerial Conference is about to start. It runs from […]
Former Brazilian President Jair Bolsonaro showed strong political support during a rally in São Paulo. Facing legal issues, he gathered a large crowd. This event sent a clear message to Brazil's government bodies about his continued influence. Bolsonaro's meeting came after legal troubles, including a police raid and passport confiscation. He denied any wrongdoing, comparing […]
In January, Argentina’s small and medium-sized enterprises (SMEs) saw a sharp 30 percent fall from last year. The main reasons were less spending by consumers and rising inflation. The Argentine Confederation of Medium Enterprises (CAME) shared this. CAME speaks for over 400,000 SMEs nationwide. CAME pointed out a worrying pattern. Manufacturing production has been shrinking […]