Amid rising diplomatic tensions, Mexico has granted political asylum to Jorge Glas, Ecuador’s former Vice President. Glas has been sheltered in the Mexican embassy in Quito since December 17th. His stay in the embassy stems from legal troubles in Ecuador under the administration of President Andrés Manuel López Obrador. The granting of asylum comes in […]
To boost regional power stability, Mozambique's Electricidade de Moçambique (EDM) plans to increase its electricity supply to Zambia. The decision was made official through an updated agreement, boosting the energy supply from 50 to 90 MegaWatts (MW). This increase aims to tackle Zambia's urgent electricity crisis, which a severe drought affecting its hydroelectric dams has […]
Building on the success of its Rio de Janeiro predecessors, the LGBT+ Tourism Expo is poised for its São Paulo premiere. Set for July 25 at the Hotel Unique, this event is dedicated to exploring the vibrant LGBT+ tourism sector, a key player in the global tourism industry. The expo will not only feature an […]
(Analysis) In recent developments, Argentina finds itself at a crossroads, navigating through economic hardships and geopolitical shifts under President Javier Milei’s leadership. With an inflation rate soaring to 276%, the country’s financial woes have deepened, prompting a closer financial dependence on China. This reliance spans sectors like trade, finance, and infrastructure, showcasing the tightrope walk […]
In February 2024, Brazil's economic landscape faced significant challenges, with its Gross Government Debt (DBGG) reaching a record high of 75.55% of its GDP. This marked a 0.43 percentage point increase from January, escalating concerns over the country's fiscal health. The Brazilian National Treasury's projections indicated that the debt-to-GDP ratio would hit its highest at […]
The integration of AI into military strategy marks a significant shift towards greater operational efficiency, strategic precision, and adaptability in global defense. Countries like China and the United States are at the forefront, employing AI to transform contemporary warfare and enhance national security. AI promises to redefine battlefields, ensuring decisions are swift, actions precise, and […]
Argentina’s government has raised gas prices significantly to cut its fiscal deficit. This move aims to align prices with inflation and currency devaluation, sparking concern among businesses about potential price hikes. The Energy Secretary disclosed that, before winter’s peak demand, residential gas prices would jump 350% to 460%. This change is part of a plan […]
Gustavo Petro, inspired by Pedro Castillo’s rise to power in Peru, faced his own challenges when attempting to pass significant reforms in Colombia. Castillo’s story echoes Julio Ramón Ribeyro’s narrative—a humble teacher turned president, clashing with Peru’s Congress. A political crisis ensued as his governing attempts were thwarted, culminating in his eventual arrest. Colombia’s President […]
The initial period of Javier Milei's presidency in Argentina has not markedly improved ties with Brazil, led by President Luiz Inácio Lula da Silva. Despite a reduction in previous tensions, a wary distance persists. The ideological divide between these leaders from neighboring countries maintains a cautious status quo. Milei's offer of an olive branch, by […]
At its second LAAD appearance, Abu Dhabi's EDGE Group introduced a vast range of over 160 products in São Paulo. Showcasing more than 70 innovations in categories like autonomous systems and secure communications, the company emphasized its commitment to Brazil and Latin America. The opening of EDGE's first international office in Brasilia, aimed at the […]
For the first time, Mexico’s presidential race sees two women leading, highlighting a remarkable moment of unity. Xóchitl Gálvez, an opposition candidate from the PAN, PRI, and PRD alliance, found unexpected support after her son faced public scrutiny. A video showing her son, Juan Pablo, 26, acting aggressively in a Mexico City nightclub surfaced, leading […]
In a groundbreaking move, Ethiopia has decided to open its real estate market to international investors. Announced by Prime Minister Abiy Ahmed on March 23, this change ends a long-standing restriction on foreign property ownership. It’s a key part of Abiy’s plan to invigorate the economy through liberalization and foreign investment, a focus since his […]
Financial Markets are keenly awaiting this Friday’s U.S. job report for March, as its impact on interest rates is significant. Rates, now between 5.25% and 5.50%, might shift. Investors speculate on policy tightening from mid-year, yet uncertainty prevails. Attention also turns to February’s financial stats and Petrobras updates. The oil giant’s dividend decision remains pending, […]
On April 3, 2024, journalist Michael Shellenberger reported on Brazil’s enforcement actions regarding freedom of expression. He criticized Supreme Federal Court Justice Alexandre de Moraes, accusing him of actions that potentially undermine democracy. Moraes, a figure of considerable controversy in Brazil, faces allegations related to censorship, political activism, and a controversial background. Shellenberger’s outcry on […]
Friday, April 5, offers football fans a feast of matches from both South American and European competitions. The spotlight is on the Women’s Euro Qualifiers featuring Belgium vs. Spain, England vs. Sweden, and France vs. Ireland. The Women’s Euro Qualifiers featured standout matches, including Belgium vs. Spain, England vs. Sweden, and France vs. Ireland. GERMAN […]
The opening round of the Copa Libertadores showcased a range of outcomes, from victories to defeats, for Brazilian football clubs. Among seven teams, only Atlético-MG secured a win, triumphing 4-1 over Caracas in Venezuela, thanks to outstanding performances from Guilherme Arana and Paulinho. This victory stood as a beacon of hope amidst otherwise disappointing outcomes […]
In a noteworthy move for 2023, Brazil dramatically cut down the rate of deforestation in the Amazon by 36%, a milestone not seen since 2015. This significant achievement, spotlighted in an international report and dominating Brazilian media, underscores a pivotal shift in environmental policy and action within the country. Occupying 60% of this expansive and […]
A study by the Oswaldo Cruz Foundation and Socio-Environmental Institute revealed alarming mercury contamination among the Yanomami, Brazil's largest Indigenous group. The analysis involved 287 Yanomami individuals, revealing that a vast majority faced mercury levels exceeding safe limits. Specifically, 84% showed mercury levels above 2.0 μg/g, and 10.8% exceeded 6.0 μg/g, surpassing the World Health […]
In a noteworthy trend, Argentina’s parallel dollar, or “blue dollar,” has been on a decline, with its rate hitting 1,000 pesos per US dollar at major exchange outlets as of Thursday. This dip of five pesos mirrors a reduction from the day before, cumulating in a 10 peso (1%) fall over the week. Since the […]
In an alarming revelation by NordVPN, a leader in the cybersecurity industry, Brazil has been identified as the country most affected by internet data breaches. The report unveils that over two billion cookies containing user information were compromised last year alone. This study, analyzing 54 billion leaked cookies worldwide, identified Brazil as the chief cyber […]
This night Ecuador took a decisive diplomatic step by declaring Raquel Serur Smeke, the Mexican Ambassador in Quito, an undesirable person. The Foreign Affairs Ministry of Ecuador made this announcement, pointing to displeasing comments from Andrés Manuel López Obrador, the Mexican President. These remarks led to the decision, which aligns with international diplomatic norms under […]
In 2023, the soy and biodiesel industry in Brazil witnessed a robust 21% GDP growth, outpacing the prior year's performance. This upturn spanned the entire supply chain, notably in soy farming, as highlighted by research from Cepea at Esalq/USP and Abiove. The analysis pinpointed a rise across various sectors: inputs grew by 6.24%, soy production […]
Peru’s legislature rejected two impeachment bids against President Dina Boluarte amid financial misconduct allegations and falling popularity. The decision, made on Thursday, marked a key moment for the president, who is battling accusations of profiting illicitly from Rolex watch transactions. Parties on the political left rallied for Boluarte’s ouster, yet their efforts fell short, unable […]
Brazil’s Ibovespa index witnessed slight gains, closing up only 0.09% at 127,427 points, despite early surges above 1%. This modest increase reflects the market’s reaction to potential leadership changes at state-owned Petrobras and cautious sentiments in New York’s financial markets. Speculation about Jean-Paul Prates being replaced by BNDES president Aloizio Mercadante led to a 1.41% […]
On Thursday, the US dollar made a modest comeback against the Brazilian real, closing with a slight increase after fluctuating throughout the day. Initially, the dollar weakened, influenced by unexpected job market data from the US, prompting investors to lean towards riskier assets. Yet, as the afternoon approached, the currency found its footing, ending at […]