Nicaragua has initiated a landmark lawsuit at the International Court of Justice ICJ in The Hague against Germany. The claim? That Germany’s arms sales to Israel violate the Convention on the Prevention of the Crime of Genocide. Nicaragua argues these arms sales contribute to actions against Palestinians in the Gaza Strip, undermining efforts to prevent […]
On Tuesday, Brazil's IRS, the Receita Federal, launched 21 audits against those linked to laundering money for the PCC. Known as Brazil's major crime syndicate, the PCC engages in drug trafficking, arms smuggling, and financial crimes. This operation, named End of the Line (Fim da Linha), investigates the illegal flow of funds through bus companies […]
On April 9, 2024, the Central Bank of Brazil's Focus report revealed forecasts of a rise in inflation for 2024 and 2025. Nevertheless, the economy is on track to maintain its growth. Over a hundred financial entities foresee Brazil's 2024 GDP growth rate increasing, marking the eighth straight upward revision. Analysts see a small inflation […]
On April 9, Venezuelan authorities detained Tareck El Aissami, the former oil chief, highlighting a significant move against corruption. Accused of a massive $21 billion fraud in Petróleos de Venezuela (PDVSA), El Aissami’s arrest signals a broader effort to clean up the nation’s oil sector. Attorney General Tarek William Saab spearheads this campaign, dubbed ‘PDVSA-Crypto’. […]
In 2023, South America significantly boosted its lithium production, with Chile, Argentina, and Brazil leading the charge. This vital component, essential for electric vehicles, is abundant in the region, making it a key player globally. The United States Geological Survey (USGS) reports that these three countries contributed over 30% to the world's lithium supply. Chile […]
Starting from August 10th, Aerolíneas Argentinas has announced plans to discontinue its direct flight services between Buenos Aires and New York. This change allows the airline to double its Miami and Madrid flights and boost Caribbean service. It's a strategic decision to focus on more profitable destinations amid the unpredictable aviation market. The route to […]
Paraguay has declared it will shut down its embassies in Egypt, Canada, Portugal, Australia, and Switzerland. The country cites financial limitations and reciprocity agreements as reasons for this decision. Foreign Minister Lezcano stated that after thorough discussions, embassies will close but diplomatic ties will continue through non-resident ambassadors. He pointed out that the affected countries […]
The IMF highlights a growing US-China trade divide, creating distinct US- and China-aligned economic blocs. This emerging economic scenario, though not as starkly divided as the Cold War era, marks a considerable shift. According to the organization, it features less fragmentation overall and boosts the significance of non-aligned economies' roles. Already in February 2024, World […]
Spain plans to revise its Golden Visa program, echoing actions taken by other European nations like Portugal, Ireland, Greece, and Malta. These countries have either concluded or modified their investment-based residency schemes due to risks associated with money laundering and unvetted capital inflows. This decision aligns with the European Commission and Parliament's warnings, aiming to […]
In a landmark event, the Descorchados wine guide, a benchmark for South American wines, has awarded perfect scores to two Argentine wines for the first time in its 26 years. This significant milestone highlights the excellence and unique qualities of South American viticulture, particularly the celebrated Malbec grape. Zuccardi’s Finca Piedra Infinita Supercal 2021 and […]
In a pivotal stride toward stability, Haitian leaders have reached a consensus on forming a transitional council. This initiative is designed to shepherd Haiti from its present state of chaos, marked by rampant gang violence and political discord, to a more stable and democratic future. The blueprint for this nine-members council includes a mix of […]
In April 2024, Mali experienced a record heatwave with temperatures hitting 48.5°C (119.3°F), the highest April temperature in Africa. This event is not isolated but part of a concerning trend where extreme temperatures have threatened lives across the continent. With over 100 deaths attributed to this specific heatwave, the incident underscores the urgent need for […]
São Paulo-based Nubank is branching out into the international banking scene by launching a global account service, targeting the affluent Ultravioleta client segment. Nubank is a leading digital bank in Latin America, renowned for its innovative approach to banking and financial services, aimed at simplifying customers' lives through technology. This strategic move is in collaboration […]
U.S. Senators from both parties unite, urging President Biden to reimpose sanctions on Venezuela. Their concern targets the government led by Nicolás Maduro for undermining opposition figures ahead of the planned presidential election, which they believe will not be conducted freely or fairly. Group, featuring Ben Cardin, Marco Rubio, and Bill Cassidy, expresses concerns over […]
In an unexpected turn, Myanmar’s military regime officials began evacuating Myawaddy, a key town on the Thai border. This marks a notable setback since the regime’s inception on February 1, 2021. The evacuation, highlighted by the departure of officials and “sensitive cargo,” including cash, signals a significant blow to the regime. This is accentuated by […]
Brazil has experienced a record-breaking number of dengue fever fatalities, the highest since data collection started in 2000. Surpassing the previous highs of 2023 and 2022, the country confronts its most severe dengue outbreak yet, with an alarming death toll. Alberto Chebabo, the head of the Brazilian Society of Infectology, highlighted the epidemic's unprecedented scale. […]
Elon Musk's satellite internet venture, Starlink, has launched a half-price offer for its Brazilian customers. Starting on April 5, 2024, this deal slashes the cost of Starlink's internet setup and offers a reduced monthly rate of R$ 184 ($36) through April 30, 2024, without taxes. This move comes amidst escalating disputes between Musk and Brazilian […]
The Brazilian soybean market experienced stable to lower prices on Monday. Throughout the day, market volatility was noticeable. Safras Consultancy reported significant trading volumes, with increased sales activity from producers seizing good market opportunities on April 8, 2024. The soybean prices in various regions were as follows: Passo Fundo (RS) dropped from R$121 to R$119 […]
The Argentine Air Force is gearing up for the integration of 24 F-16 combat aircraft into its fleet, as confirmed by the force's top officials. The logistic support for these jets will be centered at the Area Material Río Cuarto in Córdoba province. The contract for the F-16s is set to be signed in Denmark […]
This Tuesday, the Central Bank of Brazil is set to release a crucial report, paving the way for Wednesday's March Consumer Price Index (IPCA) announcement. These updates are likely to influence economic forecasts, with the financial community keenly awaiting adjustments in inflation expectations, the Selic interest rate, and GDP growth projections for 2024. Economic projections […]
(Opinion) Elon Musk, who heads the platform X, formerly Twitter, recently criticized Alexandre de Moraes, a controversial Brazilian Supreme Court Justice. In an April interview with Fox News, he stressed the critical role of the next elections. He hinted at Moraes’s involvement in political matters, including the release and political support of Luiz Inácio Lula […]
Zurich, Switzerland, tops the list for smart city technology adoption, as per the Institute for Management Development (IMD) ranking announced Tuesday. The IMD Smart Cities Index 2024 considered technical performance across various indicators, incorporating responses from residents. In the latest edition, no American city made it into the top 20. The highest-ranked, New York, is […]
Tuesday features the Copa Sudamericana match of Corinthians vs. Nacional-PAR and the Copa Libertadores game of Fluminense against Colo Colo. The day’s schedule also includes matches from the EFL Championship, Champions League, Copa do Nordeste, among others. Euro Cup Qualifiers 2pm – Germany (F) x Iceland (F) – ESPN and Star+ 2pm – Sweden (F) […]
Yesterday, Brazil's Senate President, Rodrigo Pacheco, announced a crucial move towards regulating social media to prevent platforms from making arbitrary decisions. This decision arises from recent clashes between Supreme Court judges and Elon Musk, the owner of the X network. Pacheco stressed the necessity of crafting laws that intelligently and efficiently manage social media usage […]
Over the last 34 years, Brazil has achieved a remarkable feat in healthcare by increasing its number of doctors fourfold. This surge has led to a record-high of 2.81 doctors per thousand citizens, making Brazil a leader in healthcare provision. This expansion ranks Brazil second globally for the quantity of medical schools, as reported by […]