In Santa Catarina state's capital, Florianópolis, Lagoa do Peri is the only freshwater beach in Brazil with the so-called Blue Flag. To get this title, the environment needs to have some characteristics, such as: Clean water; Presence of lifeguards; Cleaning service; Maintenance; Environmental education; Tourism education The French created the Blue Flag in the 1970s […]
Chile has become a green energy leader in a new development by launching Latin America’s largest battery storage facility. ENGIE Chile’s BESS Coya project, now operational, showcases the country’s dedication to decarbonization and places Chile at the forefront of the clean energy shift. This move aligns with Chile’s broader goal of being recognized for innovative […]
Bitcoin’s value fell sharply, triggered by a record withdrawal from Grayscale’s ETF, the largest for cryptocurrency. This event coincided with reduced expectations for Federal Reserve interest rate cuts. On Tuesday, Bitcoin’s price dropped 7.1%, reaching about $62,500 by midday in London. Other significant cryptocurrencies like Ether, Solana, and Dogecoin also saw declines. Bloomberg reports that […]
Latin America boasts 34.4 million square meters of corporate offices, with Mexico City and São Paulo leading by providing 7.2 million and 3.38 million square meters of Class A spaces, respectively. Cities like Bogotá, Santiago de Chile, Buenos Aires, Rio de Janeiro, and Lima also feature prominently, showcasing substantial premium office inventories. In 2024, a […]
Argentina recently halted construction on two major dams financed by China, stirring concerns over future Chinese investments. This decision impacts the ongoing projects and their workers and poses questions about the broader Argentina-China relations and South America’s geopolitical landscape. The Néstor Kirchner and Jorge Cepernic dams, which have been significant since 2017 and represent China’s […]
In February, Mexico saw a dramatic 80.7% decrease in kidnappings, reaching its lowest point in over five years, as announced by Secretary Rosa Icela Rodríguez. The country has made substantial efforts over the last five years, resulting in the arrest of 6,027 suspects, the dismantling of 603 criminal gangs, and the rescuing of 2,463 victims. […]
Brazil's tourism sector is witnessing a significant shift towards nature-based tourism, now making up 60% of the industry's revenue, as detailed by a study from Sebrae. This growth in eco-tourism underscores an evolving trend towards environmental experiences, with over 65.9% of travel companies offering such services. Mato Grosso leads in eco-tourism, supported by attractions like […]
At a critical juncture, Venezuela’s regime sidelines María Corina Machado despite her strong backing by the opposition Unitary Platform after a two-million-vote primary win. Her registration is blocked. Machado, via social media, vows to continue the electoral struggle, hinting at an opposition option for the July 28 presidential vote. She aims for quick, inclusive decisions […]
Aloizio Mercadante, BNDES leader, announced a 90 billion Brazilian reais ($18 billion) commitment to the automotive sector for 2023 and 2024. He stated the aim was initially 300 billion reais ($60 billion) under President Luiz Inácio Lula da Silva. Now, they expect to exceed this. Mercadante spoke about Brazil's economic improvements. He mentioned stable inflation […]
After eight years of maintaining interest rates below zero, the Bank of Japan (BOJ) has made a historic decision to raise interest rates above zero. Amid Japan’s main stock index nearing record highs, wages rise at the fastest rate in over three decades. Despite avoiding recession and low interest rates, this signals a pivotal moment […]
In the third week of March, Brazil's soybean exports showed a slowdown, increasing by only 0.7% from the previous year, compared to a 5.2% rise seen in the earlier weeks of the month. This deceleration brings the daily export rate to 580,000 tons, a slight uptick from last year's 575,700-ton daily average. By mid-March, Brazil […]
Javier Milei, embracing libertarian principles, took the helm in Argentina with a commitment to rapid fiscal reforms. His administration marks a departure from the past, achieving two consecutive fiscal surpluses within his first 100 days—a feat not seen in over a decade. These surpluses, however, stemmed from substantial spending reductions that have strained social services […]
President Luiz Inácio Lula da Silva of Brazil led a ministerial gathering to counter opposition criticism and reinforce the government's position amid declining approval ratings. On March 18, 2024, the session highlighted public security and health as crucial, defending against challenges from previous factions. This move seeks to present a united governmental front, emphasizing collective […]
Spain's Defense Ministry has entered a €207.4 million contract with Rafael Advanced Defense Systems, an Israeli defense technology firm. This strategic move aims to advance its military capabilities. This pivotal agreement, activated in early September 2023 and lasting until November 30, 2027, entails the provision of Litening V laser designation pods. These advanced targeting systems […]
As of today, Brazil embarks on a significant leap in telecommunications, with Anatel green-lighting 5G technology in an additional 395 municipalities. This step increases the total to 3,678 municipalities, embracing roughly 85% of the nation's populace, equating to about 181.3 million individuals. Introduced as an upgrade over 4G, 5G has been progressively coming online since […]
Nvidia is poised to significantly impact the AI and gaming sectors with the introduction of its Blackwell B100 GPUs in 2024. Named after the esteemed mathematician David Harold Blackwell, this next-generation lineup promises to more than double the performance of its Hopper H200 predecessor. The Blackwell B100 GPU is really good at AI tasks, doing […]
Foreign investors have pulled out R$694 million ($138.8 million) from Brazil's B3 stock market, continuing a 10-day withdrawal streak. This activity deepens a 2024 trend of R$24.16 billion ($4.832 billion) in net outflows, a sharp reversal from the previous year's R$44.9 billion ($8.98 billion) inflow. This retreat is partly due to the uncertainty in the […]
An Ipsos survey conducted globally placed Brazil at the lowest for personal security satisfaction, with only 53% of Brazilians satisfied, starkly contrasting the global average of 73%. This extensive study, which lasted from December 22, 2023, to January 5, 2024, covered 30 countries and involved 24,269 participants, including 1,000 Brazilians. Indonesia, Singapore, the Netherlands, and India […]
This Tuesday’s financial update continues Monday’s mood, with markets focused on a key economic schedule and the anticipation of Super Wednesday. Investors are tracking today’s GDP Monitor from IBGE and the Focus Bulletin. Any delays due to the Central Bank staff’s action could impact these releases. All eyes are on Super Wednesday, though. It’s when […]
Stocks in New York climbed Monday, with tech gains driven by AI enthusiasm, despite caution before Wednesday's Fed rate decision. By the afternoon, the Dow Jones, S&P 500, and Nasdaq had all climbed, showcasing significant growth, particularly in the tech sector. Nvidia's conference kickoff and its expected chip announcements contributed to a 0.70% increase. Alphabet's […]
On Tuesday, B3 and S&P Dow Jones, leveraging Cboe Global Markets’ expertise, launched the VXBR, an index that measures market volatility in Brazil. It mirrors the U.S. VIX, showing market fears and likely swings. The U.S. VIX uses 30-day S&P 500 options to predict near-term market moves. High interest in these options signals expected jumps […]
The 2024 Copa Libertadores is set to start on April 3rd, with the group stage running until May 29th. This year, seven Brazilian teams are in the fray: Fluminense, Palmeiras, Flamengo, Grêmio, Atlético-MG, São Paulo, and Botafogo, with Fluminense opening their campaign in Group A as last year’s champions. The detailed schedule for the group […]
Today, Tuesday highlights include Chelsea vs. Ajax and Lyon vs. Benfica in the Women’s Champions League, capturing soccer fans’ attention. Additionally, today’s schedule features matches from the Ecuadorian Championship alongside games from the Uruguayan Championship and the Argentine League Cup. Women’s Champions League Live Streams Ajax vs. Chelsea at 2:45 PM – Live on DAZN […]
Panama’s economy displayed robust growth in 2023, with its Gross Domestic Product (GDP) increasing by 7.3% from the previous year, reaching a substantial $78.823 billion, as the National Institute of Statistics and Census (INEC) reported. This growth was benchmarked against 2018 constant prices. The construction sector was a major growth driver, soaring by 36.7%, and […]
European stock markets ended Monday’s session with mixed results, reflecting investors’ tempered reactions to global economic signals and anticipation of central bank meetings. Early optimism from strong Chinese data faded amid central bank decisions, notably the Federal Reserve meeting, later in the week. The Paris CAC 40 retracted slightly by 0.20% to 8,148.14 points, stepping […]