The Brazilian stock market, Ibovespa, closed slightly down on Monday, at 126,931 points, marking a minimal decrease of 0.08%. This move comes amid a week filled with a heavy schedule of economic indicators, setting a cautious tone among investors. The U.S. dollar also saw a decline of 0.51% against the Brazilian real, settling at R$4.97, […]
The electricity sector is witnessing a significant demand spike due to artificial intelligence (AI) and green technology. This growth challenges the U.S. power sector’s net-zero emissions goal. The launch of ChatGPT marked a critical shift, emphasizing the need for AI infrastructure and making it a key topic at the CERAWeek conference in Houston. The demand […]
The famous site draws such a frantic crowd that there's barely space to spread a swimming towel on the narrow sand strip. Visitors even have to queue to marvel at the Mediterranean Sea's impressive waters. Many give up, unwilling to spend their vacation days like this. Crowded beaches are common in the largest Balearic Islands, […]
JetSmart Airlines is expanding its footprint, introducing two international routes from Brazil to Peru's capital, Lima. Starting Monday, the airline will forge new air links between São Paulo, Florianópolis, and Lima. The route from São Paulo, taking off from Guarulhos Airport, includes a layover in Santiago, Chile. On the other hand, the journey from Florianópolis […]
In 2023, El Salvador’s economy experienced significant advancement, with a 3.5% increase, outperforming the previous year’s 2.8% uplift. This progression, surpassing the 30-year norm of 2.1%, reflects the country’s economic resilience and forward momentum despite worldwide challenges. Enhanced performance was evident in 17 out of 19 sectors, underscoring a widespread recovery. The construction sector led […]
U.S. sugar producers are pushing to lower sugar imports from Mexico, pointing to violations of trade agreements. They have petitioned Commerce Secretary Gina Raimondo for a 44% cut in Mexico's sugar export quota to the U.S., starting April 1 for the fiscal year ending in September. Despite a drop in Mexico's sugar production last season, […]
World Cocoa prices soared past $9,000 per ton for the first time in two decades, surpassing copper prices. The jump stems from a supply pinch as demand from chocolate makers rises. They scramble for cocoa beans. Cocoa futures jumped 50% this month, and the price has more than doubled this year. West Africa, the top […]
Bitcoin enthusiasts are bouncing back from last week’s U.S. exchange-traded fund (ETF) withdrawals, with the leading cryptocurrency briefly soaring above $70,000 again. Digital assets witnessed a rally on Monday, with Bitcoin climbing up to 5.8% to reach $70,014. This marks the token’s first venture above the $70,000 threshold in over a week. Ether enjoyed a […]
Goldman Sachs predicts commodities will surge as central banks in the U.S. and Europe plan interest rate cuts, boosting demand. Analysts expect commodity prices to increase by 15% by 2024 due to lower borrowing costs, a revival in manufacturing, and ongoing geopolitical tensions. They see significant gains for copper, gold, and petroleum products, although they […]
Mumbai has ascended to become Asia’s premier city for billionaires, surpassing Beijing and ranking just below global frontrunners New York and London. The city’s 92 billionaires reflect India’s robust economic growth of 7.5% in 2023. Influential figures like Mukesh Ambani and Gautam Adani have played pivotal roles. India’s billionaire tally hit a new high with […]
The Spanish company Aena is rolling out a $380 million enhancement project at Congonhas Airport, aiming to boost its capacity dramatically. This move is expected to surge passenger numbers from 22 million to 29.5 million annually by 2028 and expand aircraft parking from 30 to 37 spots. The upgrade is a strategic move under Aena's […]
An investigation by El Comercio has raised questions about President Dina Boluarte’s financial records, revealing inconsistencies beyond her undeclared luxury watch collection. A $19,000 Rolex is now at the center of a potential money laundering investigation that traces back to Boluarte’s time as a minor public official. Unexplained deposits totaling $297,000 were noted by the […]
In 2024, Brazil's pursuit of fiscal stability is scrutinized. The Court of Auditors challenges the government's strategy amidst revenue concerns. The dispute highlights the tension between fiscal discipline and government functionality, avoiding excessive austerity measures. TCU skepticism prompts debate on Brazil's fiscal targets, urging reconsideration of financial strategies to protect essential public services. The government's […]
The United States has authorized a comprehensive arms sale to Bahrain, signaling a significant boost in the latter's military strength. DSCA's announcement includes Abrams tanks and specialized military vehicles for recovery, mine-clearing, and bridge launching. This move not only upgrades Bahrain's military assets but also its strategic defense mechanisms. The acquisition, featuring 50 M1A2 Abrams […]
The Sun Belt, a region spanning from California to Florida, has seen an influx of millionaires, making it a prime area of wealth in the United States. Texas, Arizona, and Florida see the fastest millionaire population growth, per Henley & Partners report with New World Wealth. Leading this growth, Austin, Texas, experienced a 110% increase […]
The Democratic Unity Platform, opposing Nicolás Maduro’s rule in Venezuela, highlighted a major obstacle this Saturday. The National Electoral Council is blocking Corina Yoris’s candidacy registration for the July 28 elections. Despite initiating the nomination process over 54 hours ago, the group has faced delays in accessing the system for Yoris’s candidacy, as shared on […]
Brazil’s Monday’s Morning Call spotlighted the financial market’s keen wait for Tuesday’s economic releases. The briefing underscored the importance of the IPCA-15 inflation preview and the Central Bank’s Monetary Policy Committee (Copom) meeting minutes. These documents are pivotal, hinting at possible rate adjustments ahead. A recent policy shift cut interest rates to a two-year nadir, […]
Botafogo, led by owner John Textor, has set its sights on hiring Quique Setién, previously with Barcelona, as its new coach. Globo Esporte reports that this move follows an extensive search for the right candidate. The Spanish football manager Setién, available since leaving Villarreal in September, matches Textor’s preference for an offensive gameplay style. His […]
Brazil's Senate President Rodrigo Pacheco (PSD-MG) has introduced a proposal to update the country's Civil Code. This plan might change how family, abortion, and property rights are viewed. A commission suggests changes that could let landless people claim rural land without paying owners. The proposal updates laws on personal, family, and business rights. Yet, it […]
The week of March 25 to 29, 2024, is packed with crucial economic updates that investors and analysts alike eagerly anticipate. These include inflation reports from Brazil and the U.S., along with employment data, all of which play a critical role in shaping the future direction of interest rates in both countries. On Tuesday, March […]
Ecuador is currently facing a profound shock following the brutal killings of Brigitte Garcia and Jairo Loor. Garcia was the country’s youngest Mayor. Both were found in a car with gunshot wounds; their deaths shed light on the nation’s crime and violence issues, often tied to drug trafficking. This incident underscores Ecuador’s insecurity, prompting a […]