Brazil has expressed worry about Venezuela blocking opposition candidate Corina Yoris from the July elections. This is the first time Brazil has challenged Venezuela's actions. On Tuesday, the Ministry of Foreign Affairs stated that Yoris was unfairly prevented from registering despite facing no legal issues. This act conflicts with previous Barbados agreements, and officials have yet […]
Bassirou Diomaye Faye’s electoral victory marks a transformative moment in Senegalese leadership, advocating for a fresh approach to governance with a strong emphasis on transparency. Garnering 53.7% of the vote, he outpaced Amadou Ba’s 36.2%, per preliminary data. At 44, Faye is set to be Africa’s youngest leader elected democratically, hinting at changes in foreign […]
In March, public trust in Javier Milei’s Argentine government slightly waned amid legislative obstacles and economic strife. Yet, a survey indicates sustained support for Milei’s administration, though not as high as before. The Government Confidence Index (ICG) dropped by 0.5% to 2.56 points in March, a 10.5% decrease from its peak in December. Still, it’s […]
In a significant turn for Venezuelan politics, an opposition party beat the clock to register its presidential candidate, potentially changing the election’s dynamics. This development introduces a split within the opposition, possibly favoring President Nicolás Maduro’s reelection bid. Stalin González, a prominent opposition figure, announced on social media that Un Nuevo Tiempo nominated Zulia’s Governor, […]
Funds and asset managers are significantly increasing their optimistic stakes on the Mexican peso, hitting the highest enthusiasm seen in over a year. The currency’s strong performance persists, even amidst concerns of being overvalued. According to the Commodity Futures Trading Commission (CFTC), leveraged fund contracts have surged to 45,186. At the same time, institutional asset […]
On Tuesday, a study evaluated Brazil's 26 state capitals on 40 social aspects like education, health, and environment. The Sustainable Cities Institute (ICS) released "The Inequality Map of Brazil's Capitals," inspired by the São Paulo Inequality Map. This assessment gave each capital a score between 1 and 26, where 26 indicates the best performance. Curitiba […]
In Brazil, 495 companies are contesting Finance Minister Fernando Haddad's tax reform, which seeks to boost public funds by R$24 billion ($4.8 billion) in 2024. The dispute focuses on restrictions placed on the use of tax credits awarded by judicial decisions, which significantly impacts large firms. Mixed responses from the judiciary have complicated Brazil's extensive […]
The specialty coffee market is poised for substantial growth, expected to surge by over 12% to reach $152.69 billion by 2030. This expansion heralds promising prospects for coffee producers globally, offering a pathway to increased income and the exploration of new, quality-focused coffee varieties. A Brainy Insights study underscores the market's potential, predicting a 12.32% […]
Japan is transitioning from its pacifist post-World War II stance to a significant defense exporter role globally. Tokyo has approved a plan to export advanced fighter jets developed with the UK and Italy under the Global Combat Air Programme (GCAP). This strategic move aims to enhance Japan's defense capabilities and deepen international defense and technology […]
Argentina’s private sector witnessed the sharpest wage decline in nearly 30 years due to the peso’s significant devaluation under President Javier Milei, reports indicate. This significant financial shift highlights the immediate impact of Milei’s economic strategies, as detailed by government findings. In December, inflation-adjusted salaries dropped by 11%, the steepest monthly decline in 29 years […]
Brazil faced a dramatic increase in wildfires in February, with the area of burned land skyrocketing by 410% to 950,300 hectares from the previous year. This surge in fire incidents was detailed in a report by the Fire Monitor, part of the MapBiomas Fire network, and coordinated by the Amazon Environmental Research Institute (IPAM). The […]
Argentina is stepping up its fight against drug trafficking in Rosario, using military force in a groundbreaking operation. This move involves deploying over 120 personnel and various equipment, highlighting cooperation between national and local authorities. Operation initiated under Interior Security Law highlights Argentina's dedication to combat drug trafficking, responding to the Crisis Committee's call. Defense […]
UBS analysts predict 72% annualized revenue growth in artificial intelligence over the next five years. The Swiss bank forecasts an 18% profit increase for the global technology sector in 2024, signaling a robust financial outlook despite potential market volatility. As the first quarter of the year concludes, U.S. stocks are on track to finish higher. […]
Brazil’s national soccer team stands as the fourth most valuable globally, despite missing key players for friendlies against England and Spain. Managed by Dorival Junior, the team’s market value reaches €927 million, trailing only behind three European countries. The World’s Top 20 Most Valuable Soccer Teams 1. England | Team market value: €1.41 billion 2. […]
Today’s soccer highlights include Brazil vs. Spain at the Bernabéu, France vs. Chile in Marseille, and notable matches featuring Portugal and Argentina. Today’s soccer highlights include the Brazilian national team and other European team friendlies. At the Santiago Bernabéu, home of Real Madrid, Brazil takes on Spain in its second international fixture of the year. […]
A Datafolha survey conducted on March 19-20 reveals Brazilians' deepening economic fears, showing increased anxiety over inflation and job scarcity. Many also believe their financial situations have worsened. Disapproval of President Luiz Inácio Lula da Silva rose slightly, from 30% to 33%. This uptick reflects broader concerns over economic prospects, impacting 2,002 voters in 147 […]
This week’s financial update points to a series of pivotal economic events set for Tuesday (26), capturing the attention of market participants. The agenda features the release of Copom meeting minutes, Focus market report updates, preliminary March inflation data, and key corporate earnings announcements. The investment community is particularly keen on the Copom minutes, following […]
Justice Alexandre de Moraes of Brazil's Supreme Court demanded an explanation from ex-President Jair Bolsonaro for his stay at the Hungarian embassy. This incident, spanning from February 12 to 14, followed the seizure of Bolsonaro's passport. It was part of an investigation into a alleged coup following the 2022 elections. Photos of Bolsonaro at the […]
In January 2024, Peru’s mining exports soared by 15%, reaching a robust $3.104 billion, as reported by the National Society of Mining, Petroleum, and Energy (SNMPE). This significant increase is mainly due to the higher market values of most metals, with lead, zinc, and molybdenum being the only exceptions. Copper stood out, with its exports […]
In an ambitious move to bolster Brazil's renewable energy sector, Chinese EV giant BYD joins forces with Raízen, a leading Brazilian energy corporation. Together, they aim to construct nine solar power installations across Brazil. This initiative is poised to enhance the country's clean energy capabilities significantly. Leveraging its vast experience in engineering, procurement, and construction, […]
Northeast Brazil, known for its economic challenges, is now seeing a bright future thanks to Chinese investment. A recent seminar by the Pernambuco State Industry Federation made this clear. It showed that the region is rising, backed by funds from China's Belt and Road Initiative. Múcio Aguiar, a leading press figure, compared the US and […]
On Monday, Venezuela’s leader, Nicolás Maduro, expressed optimism about the country’s full entry into BRICS by 2024. He spoke on Telesur, highlighting this goal. Maduro said, “We hope to become a full BRICS member at the Moscow summit.” This move would elevate Venezuela from a partner to a full member. Maduro wants closer ties with […]
In Brazil, a leading producer of soybeans, the upcoming 2023/24 season is poised to present significant challenges for farmers, diverging from the positive trends of recent years. DATAGRO Grains warns falling prices may lead to farmers facing losses despite decreased production costs. Lower productivity expectations worsened by adverse weather conditions like El Niño exacerbate farmers' […]
Since mid-2021, the Southern African Development Community's Military Mission (SAMIM) has supported Mozambique's fight against Islamist terrorism in Cabo Delgado. Yet, by July 2024, it will withdraw due to a lack of funds, spotlighting the Southern African Development Community (SADC) financial woes and strategic dilemmas. Foreign Minister Veronica Macamo highlighted these financial issues, with member […]
Angola is stepping up its efforts to halt illegal diamond mining, a pressing issue involving around 1.3 million unauthorized workers. This group, composed mainly of foreigners, employs approximately 300 large dredging machines, indicating the scale of the problem. The government has raised concerns about the significant negative impacts on the environment, human life, public health, […]