Latin America faces heightened tensions following the breakdown of diplomatic relations between Mexico and Ecuador. The situation escalated when Ecuadorian police breached the Mexican embassy in Quito to arrest Jorge Glas, a former Vice President of Ecuador hiding from a corruption charge. Mexico had offered asylum to Glas since December 2023, leading to his eventual […]
In Latin America, Colombia has the longest workweeks, averaging 44.2 hours, according to the International Labour Organization (ILO). Hot on its heels is Mexico, with workers there putting in 43.7 hours weekly, showcasing the hardworking nature of the region's second-largest economy. Peru grabs attention for a different reason - it has the highest share of […]
Brazil is making strides in olive oil production, aiming to cater to its vast market, among the largest in the world, amidst global price hikes. Now, less than 1% of its olive oil consumption is locally produced. The emphasis on high-quality products could boost domestic demand despite price increases. Production in Rio Grande do Sul […]
In the opening three months of 2024, Brazil set a new benchmark by introducing its agricultural goods into 26 fresh markets across 18 nations. This achievement marks an impressive tally of 104 new markets since early 2023. These milestones coincided with the start of President Luiz Inácio Lula da Silva's third term and Carlos Fávaro's […]
Goldman Sachs has expressed concerns regarding Brazil's fiscal management under President Luiz Inácio Lula da Silva. The firm criticizes the government's continued high public spending, questioning its ability to meet fiscal targets, especially the elimination of the primary deficit by 2024. Goldman Sachs describes Brazil's fiscal strategy as excessively expansionary. This approach, coupled with a […]
In a startling turn of events, researchers in Antarctica have uncovered a widespread die-off of Adélie penguins, attributed to the H5N1 avian flu. This discovery, which initially reported at least 532 dead penguins, hints at a death toll potentially reaching into the thousands. The arrival of H5N1 in Antarctica’s pristine environments represents a worrisome spread […]
Security Minister Patricia Bullrich and Governor Maximiliano Pullaro announced a plan to overhaul Argentina's organized crime strategy. During a press conference, they shared insights on the dire situation in Rosario, a city currently grappling with a wave of drug-related violence. This situation has led to the murder of innocents, causing widespread fear and prompting a […]
Nicaragua and Russia have signed a significant 10-year agreement, renewable for another decade, to enhance police training and address public safety concerns. Key activities include various educational efforts to strengthen law enforcement capabilities. Managua’s Police Training Center emerges as the focal point of this venture. It targets the enhancement of Nicaraguan officers and extends training […]
On Friday, the Mexican peso demonstrated remarkable resilience, closing at 16.46 against the US dollar, its strongest position since November 2015. This achievement, as reported by the Bank of Mexico (Banxico), signifies the peso’s robust performance in the face of global economic fluctuations. During the day, the currency saw highs and lows, eventually peaking at […]
Argentina’s Finance Minister, Luis Caputo, highlighted a significant drop in March’s inflation to about 10%, signaling an encouraging shift in economic trends. This prediction notably falls below many private analysts’ expectations, shining a light on the effectiveness of recent economic policies. In a local TV interview, Caputo highlighted deflation in the food and beverage sector […]
Saturday offers football enthusiasts exciting matches in Brazil and across Europe, showcasing major clashes. The highlight stays for the matches of the finals of the main state championships of the country: Paulista, Carioca, Gaúcho, Baiano, Catarinense. Know where to watch live the main matches of this Saturday: BRAZILIAN FOOTBALL 15h00 – Campeonato Paulista A3: EC […]
Former Ecuadorian Vice President Jorge Glas’s arrest at the Mexican embassy in Quito heightened Mexico-Ecuador tensions, cutting diplomatic ties. Convicted of corruption, Glas had sought asylum in the embassy, a request Mexico had approved hours before his arrest. The dramatic entry by police into the embassy was publicly shared by Mexican President Andres Manuel Lopez […]
Oil futures ended higher last Friday, propelling Brent crude to a peak of $91 per barrel, fueled by mounting tensions in the Middle East and Eastern Europe, which threaten supply lines. The upbeat demand forecast in the United States, underscored by a report revealing job growth exceeding expectations, also supported oil prices. WTI crude for […]
European stock markets experienced a significant downturn, closing over 1% lower this Friday. Stronger US employment data triggered the drop, hinting the Federal Reserve may maintain higher interest rates longer. The slump in European indices contrasted with gains on Wall Street, ending a week of mixed performances across Europe after a buoyant March. Notably, Ocado’s […]
The U.S. dollar climbed on Friday after the March payroll report greatly outperformed expectations, showcasing a substantial addition of 303,000 jobs, well above the forecasted 200,000. This surge, bolstered by an additional 22,000 jobs from prior months’ revisions, suggests a buoyant U.S. job market. This strong employment data implies the Federal Reserve might take a […]
On a Friday filled with optimism in the US, Wall Street indices climbed despite a stronger than expected March jobs report, showcasing a robust addition to the workforce. Contrarily, Brazil’s Ibovespa index took a downturn, dropping by 0.50% to settle at 126,795.41 points, resulting in a weekly loss of 0.96%. The decline, driven by payroll […]
In 2023, Cape Verde's economy expanded by 5.1%. Despite impressive growth below the 5.7% target, Cape Verde saw a remarkable 17.4% surge in 2022 post-pandemic recovery. Key sectors like information and communication, along with hospitality, significantly contributed to this economic momentum, according to the National Institute of Statistics (INE). Looking forward, the government sets a […]