Paraguay's Foreign Minister announced in the Nikkei outlet that Mercosur and Japan will start free trade discussions next month. During his Japan visit, Ruben Ramirez Lezcano pinpointed the start date for these crucial discussions, which have piqued interest on both sides. As Mercosur's current leader, Ramírez aims to boost the group's agricultural exports to Japan, […]
China, Russia, and Iran have started their joint naval drills, named “Maritime Security Belt 2024,” in the Gulf of Oman. This event in the Middle East marks a significant move towards strengthening their military ties. The five-day exercise, kicking off on Wednesday, aims to boost naval capabilities and safeguard vital maritime areas. It shows their […]
The Inter-American Development Bank (BID) forecasts a 2024 economic downturn in Latin America, projecting a modest GDP growth of 1.6%. Despite surpassing the 1.0% growth forecast for 2023 with a 2.1% rise, the region will have to wait until 2025 to reach a 2% annual growth rate again. Key factors like global economic slowdown, high […]
In the latest development, Mozambique's ruby production experienced a significant decline in 2023, reaching only 2.7 million carats. This represents a 36% decrease from the prior year and falls well below the government's ambitious target of 7.05 million carats. This decline continues a downward trend that began in 2021. Equipment malfunctions and a 2022 attack […]
In the first two months of 2024, Macau more than doubled its revenue from the previous year, fueled by a revival in gaming taxes, which led to a 49% increase in government spending. The Finance Services of Macau noted the revenue for January and February hit 18.3 billion patacas ($2.08 billion). This peak is unmatched […]
Barclays praised Argentina’s economic strategy under President Javier Milei for its promising direction and strong economic indicators. The bank highlighted indicators that point to positive fiscal results and an increase in Central Bank reserves, boosted by the upcoming grain harvest. Despite these gains, Barclays noted significant political risks remain for Milei’s administration. Negative effects on […]
In 2023, the US broke its own oil production record by averaging 12.9 million barrels daily, surpassing the 2019 record of 12.3 million barrels, reaffirming its energy leadership. A monthly high of 13.3 million barrels set the record for the highest production rate ever. Efficiency in drilling and innovations in the shale sector drove this […]
Brazil's coffee trail offers a fascinating journey through the heritage and production of one of the world's most beloved beverages. This article guides coffee enthusiasts through the origins of coffee in Brazil, presenting an overview of the country's current coffee scene. Additionally, it outlines various coffee routes travelers can explore, from Minas Gerais to Paraná […]
Paiter Suru group pioneers "Yabnaby: Paiter Suru Tourist Space," Brazil's first indigenous-led ethno-tourism venture in the Amazon. Covering 224,000 hectares of "Sete de Setembro" land, it offers travelers an authentic immersion into indigenous culture and traditions. Selected for 2023 funding by the "Priority Program for Bioeconomy" (PPBio), the project highlights leveraging Amazon's bioeconomic potential. Almir […]
TAP Air Portugal has established itself as a frontrunner in connecting Europe with Africa and South America, securing prestigious accolades for its service. The airline's success at the World Travel Awards (WTA) and MICE Awards in Berlin spotlights its significant role in the aviation industry, especially in enhancing connectivity between these regions. TAP Air Portugal's […]
The Malaysian ringgit’s journey mirrors a nation grappling with global financial dynamics and its own economic policies. Hitting a 26-year low against the dollar, the currency’s descent stirred concerns at the highest levels of government and finance. Prime Minister Anwar Ibrahim and top financial officials have publicly addressed the situation, reassuring that measures are in […]
Alberto Fujimori, a longstanding influential figure in Peruvian politics, has transitioned into a social media influencer, launching Twitter and TikTok accounts. Following release from Barbadillo prison, upheld by Constitutional Court, ratified humanitarian pardon by ex-President Kuczynski in 2017. Critics decried his release as a sham, contrasting his prison departure’s frail image with his current lively […]
Bitcoin (BTC) has surged for six consecutive days, reaching a new all-time high with a market value of $1.4 trillion, surpassing silver’s market cap of $1.38 trillion. The cryptocurrency’s momentum is driven by massive inflows into U.S. spot Exchange-Traded Funds (ETFs), which hit $100 billion in total trading volume last Friday, according to crypto-specialized website […]
The global artificial intelligence (AI) landscape is evolving, showcasing a dynamic interplay among the United States, China, and India. Each country plays a crucial role in shaping the future of AI research and development. United States: A Magnet for AI Talent The US has long been the epicenter for AI innovation, drawing top talent worldwide. […]
Huawei Technologies’ car division, Aito, leads China’s EV market, topping sales among new competitors for the second consecutive month. In February, Aito sold 21,142 vehicles, surpassing its peers in the new EV brand category, with the exception of the veteran BYD. This marked Aito’s lead over Li Auto, which sold 20,251 vehicles for the second […]
China is ramping up its semiconductor capabilities with an ambitious $27 billion investment through the “Big Fund.” Initiated in 2014, this fund supports the integrated circuit industry’s entire value chain—design, manufacture, package, and test. The latest, third phase aims to exceed its predecessors in financial scope, drawing contributions from state-owned entities and local governments, including […]
Brazil's investment outlook is improving for 2024, bouncing back from a 2023 slump despite structural challenges. The investment rate stood at a low of 16.5% of GDP last year. Prospects brighten with expected lower interest rates and less uncertainty under President Lula. In 2023, while GDP grew by 2.9%, investment fell by 3%. A late […]
Recently, the Brazilian Ministry of Defense organized a key meeting to discuss the Defense Industry Dialogue (DID) with the Czech Republic. Their aim was clear: to deepen trade ties and bolster defense cooperation. At this event, defense groups and companies from both countries showcased their strengths. They aimed to spark technological and commercial exchanges. The […]
Besides the lush beaches, trails, and nightlife options, bohemian Rio de Janeiro offers many opportunities for those who enjoy cultural life. By visiting the museums in Rio de Janeiro, it is possible to learn about the city's history, which was once the country's capital, and appreciate the best modern art. Know here the list of […]
Mátria Parque de Flores (Mátria Flower Park) is in the quiet town of São Francisco de Paula, in Serra Gaúcha, just over 100 kilometers from Porto Alegre. The park, which was invested in R$25 ($5)million, covers 50 hectares and is distributed in 30 gardens. It has 12,000 planted trees and 9 million seedlings, 22,000 of […]
This week opens with the stock market poised for future developments and reflecting on previous outcomes, notably Petrobras’ (PETR4) actions. Monday launches quietly, lacking major economic indicators, except for the stock market’s early close at 5 pm. Attention shifts to Tuesday for the release of February’s IPCA, Brazil’s critical inflation figure by IBGE. Petrobras’ decision […]
The Institute for Applied Economic Research (Ipea) reports a 3.1% increase in the average income of Brazilian workers from 2022 to 2023. This finding, released on Friday, draws from the Continuous National Household Sample Survey. December 2023 saw the average income reach R$3,100 ($620), marking a 0.7% rise from November and 3.9% from December 2022. […]
This week, from March 11 to 15, the spotlight is on Brazil's IPCA and the U.S. CPI, key inflation indicators. These statistics will guide key policy decisions by Brazil's Central Bank and the Federal Reserve. First, Brazil's B3 stock market resumes its standard hours on Monday, adjusting for U.S. daylight saving changes. Markets open at […]
As violence by armed gangs escalates in Haiti, the U.S. has begun evacuating some embassy staff and enhancing security. This move comes as Port-au-Prince faces attacks on hospitals, food scarcity, and blocked infrastructure, leading to a worsening humanitarian crisis. Clashes between police and gangs intensified just a day before the announcement. The U.S. carried out […]
Today, the La Paz Municipal Council enacted a law declaring a “red alert and emergency situation” in Bolivia’s administrative city. This move paves the way for national aid, including machinery and workers, to address the aftermath of heavy rains. These have led to rivers bursting their banks, houses collapsing, and widespread flooding in La Paz. […]