UNESCO awarded the Terra dos Gigantes Geopark in Uberaba, Triângulo Mineiro, Brazil, the esteemed World Geopark status. This accolade elevates Brazil's count of UNESCO Geoparks to six, highlighting the country's rich geological and paleontological significance. Now, the global network includes 213 Geoparks in 48 countries, emphasizing conservation of heritage to support education, tourism, and development. […]
El Salvador is rolling out an innovative plan to issue 5,000 “complimentary passports” to skilled professionals worldwide. President Nayib Bukele’s announcement signals a strategic effort to enrich the nation’s economy by drawing in foreign talent and investment. This ambitious initiative targets a diverse group of experts, including scientists, engineers, doctors, artists, and philosophers, granting them […]
March brought a smaller-than-anticipated increase in Chile’s consumer prices, easing concerns at the Central Bank amid slow inflation decline towards the target rate. Prices edged up by just 0.4% from February, falling below Bloomberg survey predictions of a 0.6% rise. Consequently, the year-over-year inflation rate dropped to 3.7%. The Central Bank of Chile recently decelerated […]
Argentina is on track to significantly increase its foreign exchange earnings and bolster the Central Bank’s reserves in 2024, thanks to its energy sector. After facing a $4.4 billion deficit in 2022, the nation balanced its energy trade in 2023. Now, it’s projected to achieve a $4 billion surplus, marking a 20-year high. The boost […]
In fiscal year 2023, US border authorities recorded over 3.2 million interactions with migrants, surpassing previous years’ totals. These encounters have risen from 2.7 million in 2022 and 1.9 million in 2021, highlighting an escalating trend in irregular migration. The US Customs and Border Protection (CBP) noted that most individuals met at the southwest border […]
(Analysis) Ecuador’s President Daniel Noboa boldly defied international norms by entering the Mexican embassy, a move that has, so far, proven beneficial for him. The raid, conducted on a Friday night to capture Jorge Glas, a former vice president convicted of corruption, resulted in Mexico (and Nicaragua) cutting diplomatic ties. The United States and key […]
The ongoing and relentless ascent of gold prices to unprecedented record levels continues to baffle and perplex numerous market analysts and experts. Oil’s price increase has made hedging against its rise more costly, signaling a strong bullish sentiment in the market. The U.S. wheat harvest coincides with a growing health consciousness, leading to reduced wheat […]
In March 2024, Brazil's automotive industry witnessed a 3.2% month-over-month increase in vehicle production, reaching 195,751 units, a high point for the year. This reflects the industry's capacity to adapt and strive in a competitive international market. The sector experienced an 11.8% drop in production from the previous year. This decline highlights the impact of […]
(Sponsored) After many long years of debate and discussion, Brazil’s recent changes concerning sports betting within the country’s borders have finally brought both clarity and opportunity. Now that Brazil’s betting market is opening up, a new game has begun for operators. Brazil’s large population and primarily mobile-first culture present a sizable untapped market. While the […]
Taiwan Semiconductor Manufacturing Co. (TSMC) is stepping into a significant expansion in the United States with a $65 billion investment. This move positions TSMC, the world’s leading contract chipmaker, at the forefront of a technological leap in the U.S. The U.S. government is backing TSMC with a $6.6 billion grant, enhancing the company’s capacity to […]
In 2023, the US office market hit a historic vacancy rate of 19.6%, the highest since Moody’s Analytics began tracking in the late ’70s. This surge in unoccupied spaces eclipses the downturns of the early ’90s and mid-’80s, reflecting a profound shift in workplace dynamics. The move towards remote and hybrid models, accelerated by the […]
Kempinski, the renowned European luxury hotel chain with over a century of hospitality excellence, is set to expand its legacy to Brazil. Kempinski plans to debut in 2026, captivated by Brazil's stunning landscapes, with canyons, streams, and waterfalls setting the backdrop. This move taps into the burgeoning interest in enogastronomy and adventure tourism, offering activities […]
The 2024 Heritage Foundation's Index reveals Brazil ranks 124th among 184 nations with a 53.2 score, marking it as "mostly unfree" economically. The country’s economic freedom score is lower than the world and regional averages. Positioned just above Angola and India, yet trailing behind Nigeria and Russia, the country faces hurdles in enhancing its economic […]
Citigroup strategists question President Gustavo Petro’s pension reform in Colombia. They believe the plan, aiming for a multi-pillar system, might not pass or will be too diluted to impact markets significantly. Citi’s lead economist, Esteban Tamayo, highlights the short timeline and potential dilution of the reform. Currently, the Senate is debating it, resisting dismissal efforts. […]
In Brazil, innovative technology is revitalizing the cocoa industry. A unique machine, resembling a mini train, is revolutionizing cocoa pod harvesting by automating the process. This shift marks a significant departure from traditional, labor-intensive methods, signaling Brazil's commitment to modernizing cocoa production. Advancements could aid global markets amid supply shortages from African producers affected by […]
The AUKUS alliance, formed by the United States, the United Kingdom, and Australia, was originally established with the goal of bolstering Australia's submarine capabilities. Now, it stands poised to undergo an extraordinary expansion, signaling an expanded scope beyond its initial objectives. A move towards AI, quantum, and undersea tech indicates AUKUS's broader vision for advanced […]
Mexico plans to bring Ecuador before the United Nations due to a conflict ignited by an Ecuadorian police raid at the Mexican embassy. This operation aimed to arrest an asylum-seeking politician, causing a significant rift between the two nations. Foreign Minister Alicia Bárcena revealed that Mexico’s diplomatic team had returned from Ecuador, condemning the raid […]
(Analysis) Tensions between Israel and Iran, alongside global supply disruptions, are driving oil prices toward the $100 mark. Mexico’s decision to slash crude exports is tightening the global oil market, forcing U.S. refineries to tap more into domestic reserves. U.S. sanctions on Russia, along with potential actions against Venezuela, are causing delays in oil supply. […]
The week kicks off with a muted morning call, highlighting an absence of significant economic events on Monday’s market agenda. In such instances, the stock market often revisits previous contentious issues, potentially bringing Petrobras (PETR4) back into the spotlight. It’s essential to note that Petrobras, the state-owned oil giant, plays a crucial role in the […]
Brazilian clubs will take to the field for international competitions from next Tuesday (April9) to Thursday (April 11). This week, the second round matches of the two competitions organized by CONMEBOL will take place: the Copa Libertadores and the Copa Sudamericana. Seven Brazilian clubs compete in the Libertadores (Palmeiras, Grêmio, Atlético-MG, Flamengo, São Paulo, Fluminense, […]
In a recent development, Brazil is advancing efforts to regulate and tax leading technology companies, aiming to boost public revenue. A government task force is considering four taxation models, targeting a yearly boost of up to R$82 billion ($16.4 billion) to the treasury, according to local media. With proposals due in Congress soon, the aim […]
In an unprecedented moment for Mexico, two female candidates took center stage in the first of three debates ahead of the June 2 presidential election. Claudia Sheinbaum, Xóchitl Gálvez, and Jorge Álvarez tackled key issues including health, education, corruption, and violence against women. This historic debate highlighted the changing face of Mexican politics. The National […]
The week spanning April 8-12 is marked by key economic indicators from Brazil and the US, making “Inflation Wednesday” a focal point for global markets. This period also spotlights data on Brazil’s retail and service sectors. Financial experts eagerly await these updates, predicting shifts in investment strategies. The Brazilian IPCA and the US CPI stand […]