The Brazilian government is preparing a financial rescue for its agricultural sector, facing severe debt issues due to falling corn and soy prices. The scheme, which partners with the country's Development Bank BNDES, intends to provide new credit lines for refinancing the debts of those in the agricultural chain. The proposal includes offering loans in […]
Bolivia’s bond market has seen unexpected growth, stunning investors worldwide. The trend started in El Salvador and spread across Latin America, now including Bolivia. Despite not undergoing economic reforms like its neighbors, Bolivia’s bonds have soared, delivering a 19% return in 2024. This performance has drawn attention from Bloomberg’s emerging market index. Investors like Edwin […]
Brazilian lawmakers, joined by ex-judge Ludmila Lins Grilo and journalist Allan dos Santos, visited the Organization of American States (OAS) in Washington, D.C. They sounded the alarm about censorship, declaring Brazil a dictatorship driven by judicial overreach. They made this claim in a video outside the OAS headquarters on March 12, 2024. The video shows […]
As analyzed by Carbon Brief, in 2023, the United Kingdom witnessed its greenhouse gas emissions decrease by 5.7%, reaching the lowest level since 1879. This significant drop brings emissions down to 383 million tonnes of carbon dioxide equivalent (MtCO2e), marking a pivotal moment in the country’s environmental history. This reduction places the UK’s emissions 53% […]
A report commissioned by the U.S. government and released on Monday calls for immediate action to tackle AI-related national security risks. It likens AI’s fast growth to the impact of nuclear weapons, underlining the urgent need for strict regulations. The report advises on key policy shifts for AI oversight, such as capping AI training power and […]
In Nigeria, inflation has led to unrest and looting of food warehouses, highlighting the growing struggle with living costs. Police are now guarding grain stores, which are targeted by those seeking food amid the crisis. Nigeria, with a population exceeding 200 million people, stands as the most populous country in Africa. Its economy, one of […]
Bitcoin has hit a new all-time high, crossing $72,900, marking its third record in just five days. This rapid rise follows significant milestones last week, where it first surpassed $69,000 and then $70,000. The boost in Bitcoin’s value reflects massive capital inflow into cryptocurrencies and a projected slowdown in digital token supply growth. Analysts now […]
Uruguay is on track for an exceptional soybean harvest, rebounding strongly from last year's harsh drought. Rainfall has revived the farms, sparking optimism in the agricultural sector. Marcos Guigou of Agronegocios del Plata (ADP) predicts a highly successful year, though not quite record-breaking. ADP's soybean output is expected to double to approximately 78,000 metric tons. […]
India is experiencing strong economic growth, providing a key advantage for Prime Minister Narendra Modi’s re-election campaign. The country’s GDP grew by 8.4% in the last quarter, surpassing many analysts’ expectations. This growth pushes the yearly rate to 7.7%. Moody’s Ratings predicts India will lead G20 countries with 8% growth in the coming fiscal year. […]
The art world saw growth for two years but faced a small drop in 2023. Sales went down 4% to $65 billion, according to the Art Basel and UBS Global Art Market Report published Wednesday. This was due to high rates, inflation, and global unrest, which hit expensive art the most. Yet sales stayed above […]
Venezuela’s opposition is at a critical juncture, with its future at stake. María Corina Machado, leading Nicolás Maduro in polls, faces a government ban on her candidacy, presenting a significant challenge. The opposition now debates whether to unite behind Machado or seek another candidate. Despite overwhelming support in the primaries, Machado’s disqualification until 2036 by […]
Rosario, the third-largest city in Argentina, faces a standstill due to a spike in drug-related violence. This situation has led to the murder of innocents, causing widespread fear and prompting a halt in essential services like education and sanitation. The government’s response involved deploying federal forces to manage the crisis. A threatening note found with […]
Kenya announced a delay in sending 1,000 police officers to Haiti to combat gangs on March 12. This decision followed a Caribbean Community meeting that resulted in Haitian Prime Minister Ariel Henry stepping down. Kenya’s move highlights the complexities of international security efforts. Initially, Kenya and Haiti agreed to deploy Kenyan officers to lead a […]
China Southern Airlines, the leading airline in China, is about to start its first direct flight to Mexico by mid-April. This step predicts more business interactions between China and Latin America’s second-biggest economy. The airline plans to run two weekly non-stop flights from Shenzhen to Mexico City, as per a China Southern spokesperson speaking to […]
Wednesday features standout matches from the Champions League Round of 16, Copa Libertadores qualifiers, and the Copa do Brasil. In Madrid, Atletico Madrid aims for redemption against Inter Milan, needing a two-goal victory to advance. For Inter, a draw is sufficient. In Germany, Borussia Dortmund faces PSV in a decisive match. Their last encounter ended […]
Today’s calmer financial outlook contrasts with yesterday’s activity, focusing on the Ministry of Labor’s upcoming announcement of January’s employment data without a specified release time. Eletrobras and Hypera are also poised to share crucial earnings reports today, marking a shift from the significant updates provided on Tuesday. The latest figures showed Brazil’s inflation, tracked by […]
In Brazil, the formation of new political parties has declined sharply due to legislative changes and legal hurdles. Of the 79 potential parties in 2020, only 21 groups are currently trying to establish new political entities. No new parties registered with the Superior Electoral Court (TSE) in four years, reducing the count from 33 to […]
On Tuesday, March 12, at the Centenário Stadium, Bahia clinched a spot in the Copa do Brasil’s third round. They triumphed over Caxias in a gripping penalty shootout, 6-5, following a 2-2 draw in regular play. Bahia’s goals came from Cauly and Thaciano, with Caxias scoring through an own goal and Robinho. This win represents […]
On March 12, 2024, in Rio de Janeiro, Brazil, a bus hijacking incident at the Novo Rio bus station concluded peacefully after intense negotiations. Paulo Sérgio de Lima, a 29-year-old man with a history of robbery and previous arrests in 2019 and 2022, took control of a bus. Lima, who was under semi-open detention, managed […]
The Central Bank of Chile announced that the country anticipates a 1.8% economic growth in 2024, with expectations to reach 2.2% by 2025. Market specialists gave these insights on Tuesday. They also see a 1.8% rise in the GDP this quarter. Additionally, they forecast inflation at 0.4% this month, dipping to 0.3% in April. By […]
The Panama Canal Authority declared an increase in daily passages through its Panamax locks from 24 to 27, starting late March. This expansion aims to meet the rising demand for this critical maritime route that links the Pacific and Atlantic Oceans. The adjustment directly correlates with the water levels of Lake Gatun, essential for the […]
In a new development, El Salvador has taken decisive steps to revitalize its economy and attract global investors. President Nayib Bukele’s government has passed crucial laws reducing taxes on foreign money and boosting the tech sector. By cutting income taxes on overseas funds, including remittances and business investments, the nation aims to draw more foreign […]
Between January and February 2024, Chile’s trade totaled $30.184 billion, marking a minor decline of 0.73% compared to the same period in the previous year. The Ministry of Foreign Affairs’ Undersecretariat for International Economic Relations (Subrei) shared these details. They used data from Customs and the Central Bank. Exports were $16.699 billion, and imports were […]
As France steps back from the Sahel, Turkey, Iran, and Morocco step up, eager to fill the void. These countries are reaching out to Mali, Burkina Faso, and Niger, offering military and development aid. With recent coups and ongoing jihadist threats, the Sahel nations are in dire need of support. Turkey’s drones and proposed trade […]
The Biden administration imposed sanctions on Zimbabwe’s President Emmerson Mnangagwa and officials, escalating tensions between Zimbabwe and the US. These sanctions, targeting 11 individuals and three entities for corruption and human rights violations, signify a departure from the previous sanctions framework initiated in 2003. Amid allegations of mistreatment of USAID officials, this move reflects broader […]