Western Africa’s internet faced a setback due to damaged undersea cables, affecting services in Nigeria, Ghana, Senegal, and Côte d’Ivoire. The incident, reported on March 14, made many websites and online banking services unreachable. Although some areas have seen service restoration, full repair could take up to five weeks, suggesting ongoing internet issues. The Ghana […]
In Chile, a strong 89% of citizens favor deploying the military in Santiago and other cities to combat drug trafficking, reveals a recent Cadem survey. This shows a united stance against organized crime. Indeed, 84% of Chileans see organized crime on the rise, with 82% expressing similar concerns about general crime in the past two […]
In 2023, Chile’s economy experienced an unexpected surge, successfully overcoming the anticipated sluggish growth that characterized the final quarter of the year. During this period, the ciountry experienced a decline in the mining sector, magnifying the impact of steep interest rates and fluctuating demand. The GDP edged up by 0.1% in the last quarter of […]
The United Arab Emirates (UAE) is increasingly focusing on Latin America for strategic investments, aiming to enhance partnerships in logistics, transportation, and port development. Mohammad Ali Rashed, Dubai Chambers' President and CEO, emphasized this direction during a Bloomberg Línea interview, noting significant regional investment interests. Brazil and Colombia, key Latin American economies, actively seek to […]
The U.S. is poised to adjust its ambitious environmental goals, aiming to cut vehicle emissions sharply while promoting electric vehicle sales. This significant shift in energy policies will take center stage at the S&P Global CERAWeek, a premier energy conference in Houston. In Brazil, a leader in agriculture, the gap in soybean yield forecasts is […]
Brazil's economy experienced a notable uplift, with GDP growing by 0.6% in January, marking the fifth consecutive month of growth. This growth, monitored by the Central Bank's IBC-Br index, signals a healthy economic trajectory. The index serves as a preliminary check on GDP trends. This January's growth rate of 3.45% compared to last year underscores […]
The Amazon rainforest's deforestation rate in Brazil reached a six-year low in the first two months of 2024. The Imazon Institute reported a 63% decrease to 196 km² from 523 km² in the same period of 2023. This marks a significant step towards the goal of zero deforestation by 2030, yet challenges persist, emphasizing the […]
In a new development, Elon Musk, at the helm of xAI, launched Grok’s AI code on March 17, 2024, stirring the tech world. X.AI Corp., known commercially as xAI, is a pioneering American company in the field of artificial intelligence (AI). Elon Musk launched it in March 2023, aiming to delve into the fundamental essence […]
The Merco Corporate Reputation Monitor, spanning 16 countries in Latin America and Europe, unveiled its 2023 Business Reputation Ranking for Brazil. This comprehensive list covers a range of sectors, notably Transportation, with Latam leading the segment. Following Latam are Azul, Gol, and Uber, indicating a competitive landscape. Significant shifts in the overall rankings saw Latam […]
In Santiago de Cuba, hundreds protested against ongoing power and food shortages, marking the largest mobilization since the 2021 protests. Despite government efforts to curb communication by cutting mobile data, videos of the protests demanding electricity, food, and “Homeland and Life” spread online. Further demonstrations were reported in Havana, Bayamo, and Artemisa, where cries for […]
The Gulf Clan, now called the Gaitanist Army of Colombia, significantly challenges President Gustavo Petro’s complete peace initiative. A legal framework is essential for dialogue with this leading armed group, states the Ideas for Peace Foundation (FIP) in a new report. This document reviews previous negotiation efforts with the country’s largest narcotrafficking gang. Talks with […]
British Royal Air Force Eurofighter Typhoon jets showcased their prowess in Saudi Arabia during the "Spears of Victory" drill, organized by the Saudi Air Force. This comes after Germany ended its sales ban, allowing the UK to proceed with selling at least 48 fighters to Riyadh. The Eurofighter consortium, which also includes Germany, Italy, and […]
Ecuador, under President Daniel Noboa, witnesses a sharp decline in homicides, with approval ratings soaring above 80%. Daily homicides fell from 40 to 12, a 60% drop. Yet, extortions and kidnappings surge, with 138 cases in 2023 and 38 by early 2024, primarily in Guayaquil. Noboa, unexpectedly beating Correísmo, aimed to mirror Nayib Bukele’s anti-crime […]
In Santos Port, the largest in the Southern Hemisphere, a military team of 50 inspects a cargo ship. They scour 12 floors for six hours, using dogs and divers to find hidden drugs. The PCC, a dominant criminal organization, now conceals cocaine in ships' submerged parts to bypass authorities, using ports to ship drugs to […]
The Brazilian beef market saw notable volatility last week, despite recent breakthroughs in the Chinese market boosting futures prices. Fernando Iglesias of Safras & Mercado highlights the return of supply pressures in certain regions post-initial enthusiasm from Chinese market access. Iglesias observes that abattoirs have maintained full operational schedules, probing lower prices in places like […]
Santos FC’s journey to the 2024 Campeonato Paulista semifinals has earned them a place in the 2025 Copa do Brasil. This marks a major comeback, as they were not part of the competition in 2024. Their success in the state league secured one of the five spots allocated by the league for the national tournament, […]
This Monday marks the beginning of a significant week for the stock market, spotlighting vital economic indicators and key earnings reports. Today’s focal point is the Brazilian Central Bank’s January Economic Activity Index. Its release is highly anticipated despite potential changes due to standard Central Bank operations. At 07:00 AM, we’ll see the Eurozone’s inflation […]
Febrafite, the esteemed national association of state tax auditors in Brazil, has highlighted the stark contrast between Brazil and Europe regarding tax accumulation. Their comprehensive study meticulously examines the tax burden across a variety of products, uncovering significant disparities. In Brazil, a complex tax system results in taxes stacking up at numerous stages within production […]
Beijing’s increasing control has now diminished Hong Kong’s role from being the premier bridge between the West and China to a lesser global financial center. The integration with Xi Jinping’s authoritarian regime drives significant companies out. Data from the region’s Census and Statistics Department show an 8.4% drop in foreign companies with regional headquarters in […]
(Analysis) Tax collection spiked in January, yet President Luiz Inácio Lula da Silva’s administration is far from achieving fiscal balance. Despite this revenue uptick, primarily from one-time events, there’s concern. The government may view it as an opportunity to boost spending, risking further public debt increase. President Lula has already suggested expanding the government spending […]
América-MG defeated Atlético-MG in a critical match that determined who would advance to the Minas Gerais State Championship final. Despite América-MG’s win, Atlético-MG moved on to the final, thanks to their first-leg advantage. The game’s end brought heated exchanges between players and referees, especially involving América-MG’s Benítez. This Argentine player’s dispute with the referee led […]
Brazil is working hard to secure foreign funds for its green makeover, aiming to adopt more sustainable production methods. This move faces challenges, but Neirevane Nunes, an environmental expert, believes in the effort. In 2023, President Luiz Inácio Lula da Silva's team rolled out the Ecological Transformation Plan. This plan backs the shift to green […]
A new study reveals that over 60% of the previously restored Brazilian Amazon has been cleared again, with more areas being destroyed than regenerated. This research points to a trend by Brazil's National Institute for Space Research (INPE) from 2008 to 2022. In 2018, about 24% of cleared land began to recover. This figure dropped […]
The Brazilian stock market is gearing up for an eventful week, with major companies set to disclose their financial performances. Among the most anticipated are the results from Sabesp, which could pave the way for the company's privatization through a forthcoming share offering. As the earnings season draws to a close, the spotlight turns to […]
This week, Brazil and Colombia's central banks and Mexico's are meeting to discuss rates, with experts suggesting possible rate cuts in Brazil and Colombia based on economic signals. Brazil's cenral bank might reduce rates by 50 basis points, citing a need for caution. Colombia could follow with a similar cut to 12.25%, keeping options open […]