Daniel Noboa, only three months into his term, has secured the highest approval rating for a president in Ecuador since 1979. A Cedatos survey unveiled this milestone, placing Noboa’s approval at 81.4% prior to a VAT increase. This rating is unprecedented in over four decades, with 16.1% disapproving and 2.5% undecided. The survey also tracked […]
In 2023, Ecopetrol faced an 18.5% hike in oil production costs, even as it pivoted towards renewable energy. This shift signifies Ecopetrol’s evolution from oil production to a broader energy focus. Concurrently, its oil output climbed 4% to 737,000 barrels daily, marking an eight-year peak. The cost per barrel surged to $10.91 from $9.21, a […]
The competition for Guyana’s offshore oil wealth has brought Exxon Mobil Corp. into a rare public dispute with Chevron Corp., centered on a lucrative contract from a decade ago. Exxon is ready to challenge Chevron legally to secure a major part of Guyana’s oil riches, aiming to outmaneuver Chevron. This confrontation could potentially affect Chevron’s […]
At the onset of March 1st, Mexico initiated its most significant election campaign ever. The race features three diverse candidates: two women vying to become the first female president and a millennial offering fresh perspectives Claudia Sheinbaum of the “Let’s Keep Making History” coalition and Xóchitl Gálvez from the “Strength and Heart for Mexico” group […]
Brazil's economy stagnated in Q4 2023, ending a promising yet less favorable year, posing challenges for President Lula. Official figures released on a recent Friday indicated that Brazil's GDP showed no growth in the October–December period, contrary to the slight growth anticipated by analysts. Over the entire year, the nation achieved a GDP growth rate […]
In 2023, Brazil saw its farm sector soar by 15.1%, a leap that pushed the nation's GDP up by 2.9%. This growth outshone the 3% rise from 2022, with the economy reaching R$ 10.9 trillion. This agricultural boom significantly shaped Brazil's economic scene, as reported by Houldine Nascimento on March 1, 2024. The start of […]
In 2023, Brazil rose to become the ninth largest economy globally, moving up three places, as reported by the Austin Rating. The nation's GDP grew by 2.9%, hitting R$10.9 trillion ($2.18 trillion USD, using an exchange rate of 5), slightly slower than 2022's 3% growth. The IBGE revealed this data on March 1, 2024, showing […]
In a new development, people from China and Russia are flocking to Southeast Asia for its luxury real estate. Daniel Bian's story shows why. After buying a high-end condo in Bangkok, he felt a freedom he hadn't experienced in years, as SCMP reported a couple of months ago. His words, "I feel alive. I feel […]
Alberto Fernández, Argentina’s former president from 2019 to 2023, is under legal scrutiny for a corruption scandal. The case focuses on public insurance contracts signed during his term. Prosecutor Ramírez González accuses Fernández of misusing public funds and neglecting his duties. The investigation centers on a 2021 decree Fernández signed, forcing government agencies to use […]
Brussels is preparing to enhance the defense industry with upcoming strategic plans. Ursula von der Leyen, European Commission President, highlighted the critical balance of being prepared for conflict without overemphasizing war risks. She underscored the necessity of rebuilding, replenishing, and modernizing the armed forces of EU member states in a European Parliament discussion. The goal […]
(Opinion) Brazilian President Luiz Inácio Lula da Silva recently expressed his view that private companies should fully align with his administration’s development vision. This perspective particularly targeted Vale, a leading mining corporation, as the government sought to install an ally at its helm. Lula remarked in a Rede TV! interview, “Vale must not think it […]
Brazil's government plans potential savings in the 2025 Budget Guidelines Law by auditing INSS and Proagro expenses. This move is part of a broader public finance reform aimed at enhancing budgetary discipline. The Ministry of Planning and Budget (MPO) plans to present these savings in the LDO to Congress by April 15, integrating them into […]
In 2023, Brazil saw its fish farming output hit 887,029 metric tons. This was a 3.1% rise over the 860,355 metric tons from the year before. Francisco Medeiros, the head of the Brazilian Aquaculture Association (Peixe BR), announced this news. He did so at the 2024 Yearbook launch on Thursday, the 29th. Tilapia led in […]
Antônio de Rueda's election as União Brasil's president marks a pivotal moment. His victory over Luciano Bivar, with whom he previously aligned, ends a fiercely contested race. Rueda's unanimous win at the party's National Convention, initially disrupted by Bivar, signals a new direction for the party formed from the PSL and Democrats merger. União Brasil […]
A São Paulo court has ruled that Meta, the conglomerate behind Facebook, Instagram, and WhatsApp, must stop using the "Meta" brand in Brazil in 30 days. This follows a lawsuit from a Brazilian tech firm that registered "Meta" in 2008, well before Meta's 2021 rebrand. This older company, founded in 1990 in Rio Grande do […]
In January, Brazil's jobless rate was 7.6%, steady from the previous quarter but up from December's 7.4%, the IBGE's latest survey reveals. This rate, down 0.7 percentage points from early 2023, was lower than analysts' 7.8% prediction. There were 8.3 million people seeking jobs, unchanged quarterly but down 7.8% year-on-year. The workforce hit 100.6 million, […]
January witnessed a sharp 62% increase in judicial recovery requests in Brazil, totaling 149 cases, reports Serasa Experian. This rise compares to last year's same month and shows a 46.1% increase from December 2023. Small and micro businesses led with 99 filings, followed by medium (32 . . . To read the full NEWS and […]
In a significant social media stir, Colombian President Gustavo Petro announced a stop to all military transactions with Israel. This follows an event where over 100 Palestinians lost their lives in Gaza amid humanitarian aid efforts, igniting widespread debate. On platform X, Petro vehemently stated, "Netanyahu's actions, resulting in over 100 Palestinian deaths, echo genocide, […]
Guarani Football Club in Campinas, São Paulo, has developed a strategy to manage and pay off its R$60 million ($12 million) debt. Competing in Brazil’s Serie B, the club has been navigating judicial recovery since last March. Recently, its creditors approved a recovery plan, marking a significant step forward. Guarani CEO Ricardo Moisés emphasized the […]
Today’s French Championship clash between PSG and Monaco, along with the São Paulo state championship match between Botafogo SP and Guarani, are the highlights of Friday’s soccer action on March 1st. Visit our official channel for more updates! The day also features matches from the Spanish, German, Italian, and Turkish leagues, among others. Live Soccer […]
Dorival Júnior is taking the reins of the Brazilian national football team, with his first player selection due on March 1st. This move is stirring excitement as it opens a new leadership chapter. His initial task includes managing friendlies against England and Spain in late March. Breaking from tradition, Dorival will select 26 players, not […]
Today, all eyes are on the Gross Domestic Product (GDP) figures for the last quarter and the entire previous year, set for release at 9 a.m. Yesterday saw the Ibovespa fall below 130,000, ending at 129,020.02 points, a 0.87% drop. The dollar slightly rose by 0.05%, reaching R$ 4.9725. Projections for 2023's economic growth hover […]
In Acre, a state in Brazil's north bordering Peru and Bolivia, recent heavy downpours have caused rivers and streams to overflow. This led to the evacuation of over 19,000 people, one death, and the flooding of 23 indigenous villages. The floods have notably isolated Brasiléia, cutting it off from the country. Seventeen of Acre's 22 […]
The G20's economic session in São Paulo, Brazil, wrapped up on Thursday without reaching a unified document. Brazil's Finance Minister, Fernando Haddad, pointed to "geopolitical" disputes, like conflicts in the Middle East and Eastern Europe, as the main hurdles. Haddad mentioned the difficulty in achieving a joint statement at a news briefing. The divide stemmed […]
Yesterday, Peru’s leadership opposed a proposed law by Peru Libre party members that aimed to declare the Public Ministry in a state of emergency. It would pause the roles of the Attorney General and Supreme Prosecutors for up to two years. Prime Minister Alberto Otárola called the Public Ministry a self-governing body in a briefing. […]