The Rio de Janeiro City Hall has unveiled plans for an urban revitalization project focusing on Carioca Street in the city's downtown area. The initiative seeks to boost Carioca Street's appeal, activate historic buildings, and create a tourist spot through a "Revived Beer Street." The project introduces craft breweries, shops, wider sidewalks, reduced lanes, and […]
Trafigura Group has confessed to a decade-long bribery operation in Brazil, spotlighting the pervasive corruption within global commodity trading. This acknowledgment is part of a settlement with the U.S. Department of Justice in Miami, where Trafigura agrees to pay fines and forfeitures totaling $127 million. This marks Trafigura's first admission, distinguishing it from its competitors, […]
Cuba faces dire power and food shortages, causing widespread protests, the most significant since 2021. This week, a glimmer of hope docks at Matanzas port: a Russian tanker with 715,000 barrels of oil, the first in a year. Cuba, struggling through a severe recession, blames the U.S. trade embargo, which has been in place since […]
In 1893, the Chicago World's Fair celebrated US textile prowess, highlighting over 200 manufacturers, including 60 cotton specialists. This event symbolized national pride and industrial promise. Fast forward, the US textile sector's decline has severely impacted cotton farmers. From the original 900 mills, only about 100 remain, reveals the National Cotton Council. This dramatic decrease, […]
Sam Bankman-Fried, once a star in the cryptocurrency universe as the CEO of FTX, received a 25-year prison sentence from a U.S. federal court. This verdict concludes a notable trial focusing on a vast financial fraud, where Bankman-Fried was accused of misappropriating $8 to $14 billion from customers and investors. His sentencing signifies a dramatic […]
Chile celebrated a landmark achievement in its industrial sector in February, showcasing a substantial annual growth of 7.9%—the highest since March 2018. As reported by the National Institute of Statistics (INE), this surge signifies a broad-based recovery across multiple sectors, with manufacturing leading the charge. Notably, the production of paper and related products jumped by […]
The agricultural sector is undergoing a transformative revolution with the integration of robotics and artificial intelligence (AI). This promises a future where food production is significantly more efficient, sustainable, and less dependent on manual labor. This shift, driven by precision agriculture, refines water usage, livestock monitoring, and resource management on farms. It leverages cutting-edge technologies […]
In a strategic move to fortify its national security, Japan is set to revamp its infrastructure by upgrading approximately 40 key transportation hubs. This initiative is in direct response to growing security concerns, particularly those arising from the vicinity of China and Taiwan. It forms a core part of Japan's updated national security strategy. This […]
During his Washington visit, Guatemalan President Bernardo Arévalo secured a $170 million pledge from the U.S. This fund will enhance health, development, and security in Guatemala, aiming to address migration’s root causes. Arévalo’s discussions with Vice President Kamala Harris and later, President Joe Biden, focused on key issues like migration and anti-corruption efforts. Biden highlighted […]
In Ecuador’s Guayaquil Regional Prison, inmates ignited a riot, protesting military treatment by setting fires and wielding weapons. Videos on social media captured the upheaval, showing inmates demanding President Daniel Noboa address their grievances about military conduct. The disturbance stemmed from issues with state treatment, not gang conflict. The National Service for Persons Deprived of […]
In 2022, Brazil saw a 19.8% jump in same-sex marriages, reaching 11,000—the highest since the 2013 mandate prohibiting registry denial. This data from the Brazilian Institute of Geography and Statistics (IBGE) reveals that most of these marriages (60.2%) were among women. However, these unions constituted just 1.1% of Brazil's total marriages, numbering 970,000 for the […]
French President Emmanuel Macron has called for an overhaul of the Mercosur-EU trade agreement to include climate objectives. Speaking to São Paulo's industry leaders, he criticized the current deal's shortcomings, particularly its neglect of environmental issues. Macron emphasized the need for an accord that mirrors today's environmental and biodiversity concerns. During his address at the […]
Brazil's President Luiz Inácio Lula da Silva's administration is launching a credit plan for small businesses. It includes low-interest loans for microenterprises and MEIs, Pronampe debt renegotiation, and favorable terms for women-led firms. Estadão reports these measures are forming into a Provisional Measure, spearheaded by multiple ministries amid Lula's popularity concerns. This initiative joins broader […]
From March 29 to June 28, Morocco will conduct extensive naval exercises near Western Sahara, from Agadir to Dakhla. This action aims to demonstrate Morocco's sovereignty over these areas amidst regional tensions. The drills prepare the naval forces for various scenarios, enhancing Morocco's military prowess and its stance as a regional leader. Debate surrounds the […]
On Wednesday, the oil market declined after an unexpected rise in U.S. crude inventories raised concerns about future demand. West Texas Intermediate (WTI) for May delivery decreased by 0.33% to $81.35 per barrel on the New York Mercantile Exchange. Brent crude for June also dropped by 0.26% to $85.41 on the Intercontinental Exchange. The decrease […]
Today’s market closely follows the Central Bank’s inflation report, IBGE’s joblessness data for February, and IRB Brasil’s (IRBR3) earnings. The stock market rose yesterday, gaining 0.65% to close at 127,690.62 points. Meanwhile, the U.S. dollar fell slightly to R$4.9793 against the Brazilian real, a 0.07% decline. Before the markets opened on Wednesday, Fábio Perina from […]
Amazon has taken a bold step in the artificial intelligence (AI) by investing up to $4 billion in Anthropic, an emerging competitor to OpenAI’s ChatGPT. This investment, Amazon’s most substantial to date, underscores its determination to stay at the forefront of the rapidly changing AI scene and challenge other giants like Microsoft and Google. Starting […]
Today’s football highlights include the clash between Palmeiras and Novorizontino in the Paulista Championship and Barcelona vs. Brann in the Women’s Champions League. In women’s football, the Barcelona vs. Brann and PSG vs. Hacken matches in the Women’s Champions League are today’s main events. Additionally, the day features a game between Palmeiras and Novorizontino in […]
On Wednesday, Brazil's top industrial groups urged French President Macron to finalize the Mercosur-EU free trade deal, under discussion for over twenty years. With Macron present at the Brazil-France Economic Forum in São Paulo, Fiesp chairman Josué Gomes da Silva called for deeper trade ties. He stressed the mutual benefits of such a deal for […]
In 2022, Brazil recorded only 2.54 million births, marking a 3.5% decrease from 2021 and the lowest figure in 45 years. The fall was 11.4% compared to the five years before the COVID-19 pandemic (2015-2019). The Brazilian stats agency IBGE shared these details. The IBGE pointed out a long-term decrease in birth and fertility rates. […]
Brazil marked a milestone by launching the "Tonelero" submarine, the third product of the Brazil-France Submarine Development Program (ProSub). This event, held on Rio de Janeiro's coast, was notable for the presence of Presidents Luiz Inácio Lula da Silva of Brazil and Emmanuel Macron of France. The diesel-electric "Tonelero" extends over 71 meters and weighs […]
The Mexican Peso reached 16.56 against the dollar on Wednesday, its best performance since late 2015. This surge is tied to expectations that Mexico’s central bank will maintain its strict monetary policy, which is crucial for controlling inflation. According to Bank of Mexico records, the peso reached a high of 16.5920 and a low of […]
Colombia decided to expel Argentine diplomats after Argentine President Javier Milei’s harsh words about Colombia’s President Gustavo Petro on CNN. Milei’s terming Petro a “terrorist murderer” led to this diplomatic action. Colombia’s Foreign Ministry condemned Milei’s comments, viewing them as an attack on Petro’s dignity and the nations’ trust. Details on the diplomats’ departure timeline […]
On Wednesday, Botafogo secured a commanding 4-0 victory over Boavista in the Taça Rio final, positioning them advantageously for their upcoming match. Tiquinho Soares scored twice, with Júnior Santos and Yarlen also finding the net. Their performances gave Botafogo a strong lead. The game started with Botafogo taking the upper hand. They dominated the first […]
Athletico-PR’s goalkeeper Bento turned heads with his exceptional displays against England and Spain, showcasing his talent on the international stage. Entrusted by coach Dorival Júnior, the 24-year-old goalkeeper significantly contributed to Brazil’s win and draw in these matches. Bento’s rising profile in football is leading to speculation about a move from Athletico-PR soon. The club, […]