Inhabitants of Isla Mulatos in Colombia strikingly resemble Vikings with their blue or green eyes, blond hair, and fair skin, setting them apart from the region's usual demographics. The secluded island is home to about 600 people with distinctive genetic makeups, which fascinate locals and scientists alike. Known as "culimochos," the community boasts over 200 […]
Gol Airlines has restarted flights from São Paulo to Bogotá, flying out of Guarulhos International Airport. This relaunch revived an inactive route in May 2011. Starting with four weekly flights, the airline plans to shift to daily service by July to cater to the winter peak season. Adding Bogotá to Gol’s destinations brings the total […]
In March, Peru saw an unexpected inflation surge, with Lima’s consumer prices rising 3.05% year-on-year, above economists’ 2.8% estimate. This increase exceeded all forecasts, with none of the surveyed economists predicting inflation above 3%. Month-over-month, prices rose by 1.01% from February, highlighting the ongoing challenge for the Central Reserve Bank of Peru (BCRP). The bank, […]
Fitch Ratings has downgraded Panama’s credit rating to BB+, removing its investment grade status due to the closure of a major copper mine last year. This event heightened fiscal worries and could dampen growth prospects. The nation’s rating now matches that of Vietnam, Colombia, and Serbia. Morgan Stanley’s Emma Cerda anticipates a similar move from […]
As President Abdel Fattah al-Sisi of Egypt begins his third term, the nation’s economy, reliant on international funding, faces a crucial juncture to avoid a severe financial crisis. Sisi’s landslide victory in the recent presidential election, securing 89.6% of the vote, sets the stage for his continued leadership, punctuated by a forthcoming inauguration before parliament. […]
Angola is taking significant steps to improve higher education by recruiting Cuban specialists for its public universities. This move advances the Angola-Cuba cooperation agreement to boost Angola’s academic workforce in health, sciences, engineering, and technology. The initiative involves Angola investing around 35 million euros in two contracts. 15.4 million euros are allocated to Sciences, Engineering, […]
According to recent private surveys, March’s inflation rate in Argentina is expected to be between 10% and 14%. This projection keeps inflation within double digits despite some downward revisions from analysts. The national stats agency Indec revealed that February’s Consumer Price Index (CPI) was 13.2%, with a year-to-date increase of 36.6% and a year-on-year surge […]
A bridge collapse in Baltimore threatens to slow down the export of crucial commodities like coal from a key East Coast port. This event underscores commodity supply chain vulnerabilities, notably at Baltimore port, a major U.S. coal export hub to Asia. Iron ore prices are wavering at about $100 per ton, reflecting a soft demand […]
Colombia faces a construction sector crisis, losing 50,000 jobs from February 2023 to 2024, the most significant drop in the industry. This downturn has sparked debates over government policies, especially concerning Social Interest Housing (VIS), under President Gustavo Petro’s leadership. Statistics reveal a decline in the construction workforce from 1.525 million to 1.475 million within […]
In March, the U.S. Manufacturing Purchasing Managers’ Index (PMI) slightly fell to 51.9 from February’s 52.2, per S&P Global’s latest report. This minor dip still signifies growth, as the index remains above the 50.0 mark for the third month, indicating ongoing expansion within the manufacturing sector. Economic conditions and demand improvements are credited for driving […]
S&P Global reported that in March, Brazil's manufacturing sector showed resilience as the Purchasing Managers' Index (PMI) dipped slightly to 53.6 from February's 54.1. This figure, staying above the crucial 50.0 threshold for the third consecutive month, signals ongoing expansion. The sector's performance in March is notably robust, registering as the second-highest since July 2022. […]
In Turkey’s recent local elections, opposition candidates gained ground in major cities, marking a pivotal moment. Istanbul’s mayor, Ekrem Imamoglu, moved ahead of the candidate from President Tayyip Erdogan’s governing AK Party. This progress suggests a strengthening of opposition forces. Similarly, in Ankara, Mansur Yavas, also from the opposition, claimed his win early on, underscoring […]
Japan’s economic stability is under scrutiny due to varied pressures from China and the U.S., the nation’s main trade allies. Fukutome warns of dual threats: deflation from China and potential U.S. inflation, especially amid the prospect of Trump’s policy resurgence. Trade dependency makes Japan susceptible to external economic trends. For instance, cheaper Chinese steel and […]
The rise of infrared-guided missiles poses a serious risk to military aircraft globally. HENSOLDT leads in developing advanced countermeasures with its Missile Launch Detection System (MILDS), particularly the AN/AAR-60 model. This system offers crucial protection by detecting missile exhaust plumes early, thus enabling effective counteractions. Integrated into various aircraft, including the Belgian Air Force's F-16 […]
In a surprising turn of events, Colombia’s President Gustavo Petro and Argentina’s President Javier Milei have smoothed over their previously tense relationship. Initially, Petro criticized Milei harshly during Argentina‘s elections, warning of chaos under Milei’s leadership and showing clear support for Sergio Massa, a more ideologically compatible candidate. Milei’s win stirred controversy; Petro criticized, sparking […]
Global hotel chains are spearheading impressive growth in Africa's hospitality sector. By late 2023, companies planned 524 new hotels with over 92,000 rooms across 41 African countries. 9.2% project plan increase signals Africa's growing allure as a travel hotspot, the largest surge since 2018. American giants like Marriott, Hilton, and Radisson, along with France's Accor […]
Santos claimed a narrow 1-0 win against Palmeiras during the Paulista Championship’s final first leg, held at Vila Belmiro. This victory prevents them from securing the championship in their next game at Allianz Parque. Otero scored the decisive goal early in the second half, with Guilherme providing the assist. This goal broke Palmeiras’ 20-game unbeaten […]
In 2023, Brazil's major federal companies, including Petrobras, Banco do Brasil, BNDES, Caixa, and Correios, saw their profits drop by 24% to R$182 billion ($36.4 billion). This downturn occurred in the first year of President Lula's third term. Petrobras notably experienced a 33% reduction in profit to R$124.6 billion ($24.92 billion). However, the oil giant […]
This week, from April 1st to 5th, the economic calendar is led by the U.S. labor market report, also known as the payroll report. Meanwhile, in Brazil, the spotlight is on industrial performance, among other key indicators. The focus is on domestic and international economic activity data, with Brazil’s Central Bank set to release monetary, […]
This Monday, the Saudi Championship clash between Al Ahli and Al Ittihad takes center stage, capturing the attention of football enthusiasts. Today’s lineup features exciting matches from leagues worldwide, including Italy’s Serie A, the EFL Championship, the Belgian League, and the Portuguese League, among others. Live Football Today: Where to Watch Serie A, Italy Bologna […]
Brazil's cocoa industry is on the brink of a significant uplift, with projections indicating a surge in sales by 30% come 2024. Known for exporting to nations like France, Germany, and several Asian countries, Brazil plans to enhance its production. This move comes as the world sees a decline in cocoa supply, primarily due to […]