President Lula's halt of Petrobras's divestment strategy is set to ignite a wave of mergers and acquisitions (M&A) among Brazil's smaller oil entities, 'junior oils'. These companies, flush with cash but facing a scarcity of mature field opportunities from Petrobras, are now eyeing mergers and acquisitions of rival assets or international ventures for growth. Until […]
Antarctica, known as the "seventh continent," is becoming a top destination for adventure tourism, thanks to social media. With its average temperature hovering around -12°C, it offers a unique challenge for those seeking adventure. Cruises to Antarctica, passing through the challenging Drake Passage, provide an intimate experience with this icy wilderness. Over 50 vessels are […]
The 2024 South American Cup, which commences this Tuesday, promises significant prizes and thrilling matches. The champion could win more than R$40 million ($8 million) for participating in all rounds, with the final offering around R$25 million ($5 million). Conmebol awarded over R$409 million ($82 million) last season, with LDU from Ecuador taking home R$40 […]
In 2023, Mozambique broke records by producing over 1.6 tons of gold, surpassing both previous and expected figures for the next year. The Ministry of Economy and Finance MEF report showed a production of 1,666.4 kilograms, a 32% increase from 2022's 1,263.8 kilograms. This growth in gold production pushed Mozambique's earnings close to $111.6 million […]
Ghana’s finance minister has appealed to President Nana Akufo-Addo, urging him not to endorse the controversial anti-LGBTQ+ bill. Facing an economic crisis and seeking an IMF bailout, the minister warned of a potential $3.8 billion loss in World Bank funds over five to six years, about 5% of Ghana’s GDP. This mirrors Uganda’s situation, where […]
Guyana has outperformed Venezuela in oil exports for three months, a major shift in regional energy dynamics. In February, Guyana exported 621,000 barrels daily, surpassing Venezuela’s 604,000, as per Bloomberg data. This development occurs amidst a near-century-old dispute over the Esequibo region, intensified by significant oil finds off Guyana’s coast. These discoveries have propelled Guyana’s […]
Javier Milei has initiated a conversation by suggesting a May Pact for Argentina’s provinces. This fiscal agreement targets a substantial reduction in public expenditure and a balance in public accounts. Milei’s call to the governors is for a ten-point plan, with the majority aimed at slashing spending to achieve a fiscal balance deemed non-negotiable by […]
In the aridity of that stone world, between crude tools and huge islands of rocks that create a scenario of devastated land that has already been compared to that of Serra Pelada, Tarciso Play made art. Without ladders or a crane, this 27-year-old graffiti artist from Paraíba left his "sertaneja" art stamped on granite blocks […]
The Association of Southeast Asian Nations (ASEAN) plans to engage Western nations in its defense dialogues, aiming to strengthen global relations amid rising geopolitical tensions. This initiative was discussed in Luang Prabang, Laos, where ASEAN defense ministers met. They considered including European countries in the ASEAN Defense Ministers’ Meeting-Plus (ADMM-Plus), a key forum for defense […]
The sky-blue sea with the white sand of the Mexican Caribbean must have been on your cell phone screen a few times on social media. Cancún, Playa del Carmen and Tulum have become obsessive destinations for Brazilians. But on the same Mexican east coast, a little further into the Gulf of Mexico, there is a […]
Super Tuesday stands as a crucial juncture in the journey to the presidential nominations. This event, when the largest batch of states vote and the most delegates are on the line, is pivotal for both major parties. Although Joe Biden and Donald Trump are leading their respective fields, securing the nomination requires navigating through Super […]
(Opinion): Brazil stands at a crossroads, mirroring the tight race of the 2022 elections in the current polls. Efforts by President Lula to unify the nation have yet to bear fruit, hinting at a slim victory against his right-wing opponents if a vote occurred today. Bolsonaro, post-political ban, rallied supporters in São Paulo, showcasing enduring […]
In 1988, Anguilla received the “.ai” domain, a fortunate pick now synonymous with artificial intelligence. This alignment has transformed into a major financial boon for the island, now a hotspot for companies eager to associate with AI. Such interest has bolstered Anguilla’s revenues, making domain sales a significant portion of its income. Anguilla, traditionally dependent […]
(Opinion) Disagreements within a government are normal. Yet, President Luiz Inácio Lula da Silva’s team often sends unclear economic signals. President Lula recently critiqued Vale and Eletrobras’ operations, suggesting these companies should align with national development goals. This stance raises questions about the balance between public interest and private enterprise. Finance Minister Fernando Haddad works […]
Bolivia is unique for having a sizable navy despite being landlocked and bordered by countries but with no ocean. The nearest coast is beyond its borders, and it's been centuries since it had direct ocean access. Yet, Bolivia's navy, with 173 ships, stands as the world's 19th largest, even surpassing Brazil's. It ranks third in […]
Gold futures reached unprecedented heights last Monday, driven by speculation that the Federal Reserve may reduce interest rates later this year. On this surge, the April gold contract increased by $30.60, or 1.46%, to $2,126.30 per ounce, setting a record since 1974. For the second day in a row, gold prices broke records, with the […]
Goldman Sachs signals caution towards China’s stock market amid its downturn. Sharmin Mossavar-Rahmani of Goldman Sachs advised against investing in China during a Bloomberg interview. She underscored the investment risks, despite the market’s recent dips. Furthermore, Mossavar-Rahmani is concerned about China‘s economic future. She attributes her caution to challenges in real estate, infrastructure, and exports—China’s […]
Tuesday's market is calm with no major Brazil news but awaits key data: February's S&P Global Composite PMI at 10 AM and the US's at 11:45 AM. Attention is on earnings season, with Raia Drogasil and PetroReconcavo's results in the spotlight. Petrobras's upcoming dividend announcement is highly anticipated for Thursday. Itaú BBA's analysis, led by […]
Brazil’s Santos’s U-18 basketball team is set to make a splash in the Paulista Championship this Wednesday. Their challenge begins against the champions, Corinthians, at the Rebouças Gymnasium. Fans can watch for free at 8 PM, Brasília time. Coach Cauê Rico has assembled a strong team. “We aim to stand out in Brazil’s most challenging […]
Embraer, a leading Brazilian aircraft manufacturer, is set to open a research center for the Middle East in Saudi Arabia. This move aims to serve this region's and Asia Pacific defense markets. Caetano Spuldaro Neto, Embraer's vice president, announced the plan in Riyadh. He shared the vision of making Saudi Arabia a key regional hub […]
In 2023, Mexico’s investment soared by 19.7%, fueled by the construction industry and machinery purchases, the National Institute of Statistics and Geography (Inegi) disclosed. Investment in construction jumped 20.8%, and machinery spending grew 18.5%. These increases signal a vibrant economic environment. Gabriela Siller from BASE Financial Group highlighted the auto sector and public works as […]
In new developments in Brazil, some important revelations tie Jair Bolsonaro to a coup attempt on January 8, 2023. Ex-commanders Freire Gomes and Carlos Baptista Júnior implicate the former president, shedding light on the investigation. Their testimonies come after Bolsonaro's aide, Mauro Cid, admitted to a plot. Gomes, labeled a witness for his cooperation, matches […]
In a new development, Peru’s justice department has begun probing Prime Minister Alberto Otárola for possible corruption. A leaked audio hinted at wrongful hiring in the public domain. This development trails the audio’s release, implicating Otárola in potential misconduct. The focus is on Otárola, accused of orchestrating crimes against the government. The charges involve improper […]
In a new development, Panama’s Electoral Tribunal barred former President Ricardo Martinelli from the 2024 elections. The decision follows a court’s verdict sentencing him for laundering money. Martinelli, leading from 2009 to 2014, cannot compete for president or parliament in the May 5 elections. The court sentenced him to 128 months in jail and fined […]
The Central Bank of Brazil, led by Regulation Director Otavio Damaso, aims to streamline foreign portfolio investments. Optimizing foreign exchange market operations is also a key objective for the year. This initiative is part of adapting the Foreign Exchange Law, emphasizing public consultation before finalizing any regulatory measures. Damaso also noted that staff demands for […]