Oil prices saw a decline on Tuesday, influenced by a strong dollar and OPEC’s unchanged demand outlook for 2024. West Texas Intermediate (WTI) and Brent crude experienced decreases in their prices on the New York Mercantile Exchange (Nymex). The drop came after initial rises, spurred by expectations for the US consumer price index (CPI) for […]
The Ibovespa, Brazil’s leading stock index, finished the day higher on Tuesday, bolstered by a recovery in Petrobras shares after they had fallen sharply the previous week. This rebound helped lift the index by 1.22%, ending the day at 127,667.84 points. This increase came despite inflation readings from both Brazil and the United States that […]
Instagram has overtaken TikTok as the world’s most downloaded app, amid potential US bans against TikTok. With Meta’s backing, Instagram reached 768 million downloads in 2023, showing a 20% increase. Meanwhile, TikTok’s downloads totaled 733 million, a modest 4% rise. This growth spurt for Instagram is largely thanks to Reels, a feature launched in 2020 […]
European stocks surged to record highs fueled by automotive and banking sectors, reacting to US inflation data, sparking speculation on a June Federal Reserve rate cut. The STOXX 600, a benchmark pan-European index, notched a 1% gain, closing at 506.52 points, despite trimming gains post-US consumer price data. February saw a notable rise in the […]
The US dollar saw a modest decline against the Brazilian real this Tuesday. The slight drop reflects steady investor expectations regarding the Federal Reserve’s anticipated easing of monetary policy, even after US inflation data showed an increase. The spot rate of the US dollar ended 0.08% lower at 4.9750 reais, while on the B3, the […]
The federal government announced on Tuesday the launch of 100 new federal institute campuses across Brazil, aiming to add 140,000 new technical and high school integrated course seats. This initiative, funded by R$2.5 billion ($500 million) through the Growth Acceleration Program (PAC), marks a significant expansion of Brazil's educational infrastructure. Furthermore, an additional R$1.4 billion […]
Brazil has successfully secured a "pre-listing" agreement with the Philippines, signifying mutual recognition of sanitary inspection systems for meat exports. The Brazilian Ministry of Agriculture and Livestock (Mapa) can now certify export-ready establishments, paving the way for additional approvals. Effective for three years, starting on February 28, this agreement heralds a new era in the […]
In 2024, Brazil anticipates higher yields of cotton, beans, rice, and wheat, offsetting decreases in soybean, corn, and sorghum production. According to the IBGE's February agricultural survey, the nation projects a 4.7% drop in overall cereal, legume, and oilseed production, totaling 300.7 million tons, 14.7 million tons less than in 2023. Notably, soybean output may […]
South Africa’s KwaZulu-Natal region is pushing forward with the construction of a concrete wall along the Mozambique border, aiming to tackle vehicle theft and smuggling. This project, supported by both local and national government bodies, commands a budget of 50 million rands ($2.6 million) for barrier installation. A March 6 update revealed more than five […]
Argentina’s February inflation at 13.2%, per Indec, continues slowdown from 25.5% in December, to 20.6% in January. Year-to-date, inflation has reached 36.6%, with the 12-month rate at 276.2%. This figure fell below the 15.8% forecast by the Central Bank of Argentina’s REM survey, paralleling Brazil’s Focus Bulletin. Indec attributes February’s highest inflation surge to the […]