In 2024, Latin America faces economic growth slowdown, with the World Bank predicting a GDP rise of only 1.6%, down from earlier 2.3% estimates. This forecast, reminiscent of the 2010s, highlights ongoing structural problems preventing prosperity. Key growth barriers include low investment, weak consumption, high interest rates, and falling commodity prices, worsened by global uncertainties. […]
Italy’s Digital Nomad Visa marks a significant step for the counry in embracing the global trend of remote work. This initiative, highlighted by Business Insider, officially started last week, concluding years of legislative discussions. The visa caters specifically to remote workers not from the EU or Switzerland. It seeks to draw in highly skilled individuals […]
In 2024, Africa’s economy is set for a significant rebound, demonstrating resilience amid past global challenges and the pandemic. Expectations point to the continent eclipsing global growth rates, with a projected 4% GDP increase for both 2023 and 2024, outstripping global forecasts of 2.7% and 3.2%. This upward trajectory marks a powerful recovery, showcasing the […]
Brazil is overhauling how it taxes cryptocurrencies, with changes to be proposed in the National Congress. This new plan will treat digital currencies similarly to stocks and securities, marking a shift from viewing them as commodities. A 15% profit tax on cryptocurrency earnings is proposed, moving away from taxing based on the volume of trade. […]
The UN Security Council recently addressed the status of the Esequibo region, caught between Venezuela’s claims and Guyana’s administration. This area, notable for its vast oil and mineral wealth, remains a significant dispute point. Carolyn Rodrigues-Birkett, Guyana’s envoy, reported widespread support for her country’s stance on maintaining the region’s current boundaries. This meeting responded to […]
Brazil has prolonged its visa-free policy for tourists from the United States, Canada, Australia, and Japan until April 10, 2025. Before the recent policy change, travelers from the US, Canada, and Australia would have needed to secure a visa to enter Brazil starting this Wednesday. Emphasizing reciprocity, Brazil was about to reinstate these visa requirements. […]
In March, Brazil witnessed its inflation rate decelerate significantly to 0.16%, marking a sharp decline from February's rate of 0.83%. This data, released by the IBGE on April 10th, highlights a trend lower than many had predicted. Analysts expected rates ranging from 0.15% to 0.42%, with a median guess at 0.24%. This latest figure contributes […]
In March 2024, Brazil set a new record by exporting 4.293 million 60-kg bags of coffee, according to the Coffee Exporters Council of Brazil (Cecafé). This represents a significant 37.8% increase from the previous year. This boost led to a 35.2% rise in revenue, achieving US$913.6 million, up from US$675.7 million in March 2023. Canephora […]
U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida are poised to significantly enhance U.S.-Japan relations. They plan to do so with over 70 groundbreaking agreements during a state visit to the White House. This suite of agreements signals a robust effort to reinforce partnerships in the Indo-Pacific, directly countering China’s increasing regional influence. […]
In an effort to rejuvenate its coffee industry, Honduras has announced an investment exceeding $3 million. Honduras, a key ICE supplier, faces setbacks since 2020: adverse weather, production drops, and migration crisis impacting coffee sector. Despite these challenges, the recent uptick in coffee prices on the New York Stock Exchange (ICE Future US) signals a […]
Emerging markets, including powerhouses like Brazil, India, and Indonesia, are increasingly central to the global economy’s dynamics. A detailed analysis by the International Monetary Fund (IMF) revealed that the G20’s emerging economies have significantly upped their ante in world trade. Since 2001, they have doubled their share and now represent a third of global GDP. […]
Recently, China and Russia have taken significant steps to strengthen their strategic partnership, highlighting an increasingly solid alliance amidst rising tensions with Western nations. At a key meeting in Beijing, Presidents Xi Jinping of China and Vladimir Putin of Russia emphasized their countries’ deepening political trust. They also highlighted their mutual commitment to bolstering strategic […]
Tech giants are ushering in a new era of growth in artificial intelligence (AI), with strategic investments spreading across the globe. Microsoft’s £2.5 billion investment to expand its AI data center infrastructure in the UK is a major milestone. The investment aims to boost machine learning with over 20,000 GPUs, strengthening the UK’s role as […]
Today’s financial spotlight is on the release of key inflation data from Brazil and the United States. Investors worldwide are on edge, anticipating the Consumer Price Index (CPI) updates that could sway global economic policies. Scheduled for early disclosure, these inflation figures are critical amid speculations about Brazil’s Selic rate’s direction and the Federal Reserve’s […]
(Analyse) The recent clash between Elon Musk and STF Justice Alexandre de Moraes highlights Brazil's deep political divide. It particularly illuminates the tension between Senate President Rodrigo Pacheco and Chamber President Arthur Lira. Pacheco's call for tighter control on social media to stop unrestricted online behavior has brought attention to the Chamber's inaction. As elections […]
At Fidae 2024 International Air and Space Fair, Chile and Brazil signed a declaration to boost satellite technology cooperation. This pivotal agreement, led by both nations' defense ministers, targets joint training, skill enhancement, and knowledge exchange initiatives. It underscores a commitment to leveraging satellite technology for a range of collaborative efforts. Chile’s Minister of National […]
The updated Kearney FDI Confidence Index update ranks Argentina, Brazil, and Mexico as Latin America’s top international investment attractors. The Index assesses global investor confidence and ranks countries based on their attractiveness for foreign direct investments. Notably, Mexico ascended to the 21st position, marking its return to the top 25 most favored nations for global […]
This Tuesday, oil prices took a hit, marking a second day of decline after a recent uptrend, with Brent crude dropping below the $90 mark. This retreat is partly seen as investors cashing in on gains. Additionally, the reduction in tensions between Iran and Israel has played a role in softening oil prices. May’s West […]
Today, the dollar saw a decline, settling back to R$5, continuing the downward trend observed in the previous session. This retreat reflects the cautious stance of investors awaiting the release of U.S. consumer inflation data scheduled for tomorrow. Meanwhile, yields on U.S. Treasury bonds have decreased as the market waits for more data to adjust […]
Copper has recently made headlines due to its significant price jump, a development that benefits the economies of Chile and Peru immensely. In the last month, the price of this essential metal surged over 8% globally, fostering optimism for its future. Credicorp Capital, associated with Peru’s largest bank, Banco Credicorp, predicts a booming future for […]
In a stark display of market resilience, Brazil’s Ibovespa index surged by 0.80%, achieving a remarkable milestone at 129,890.37 points. This contrasts with the ambiguous signals emanating from New York’s financial district. Mixed U.S. market performance, amid anticipation of key data releases like CPI and PPI, underscores global financial vigilance. Investors worldwide are poised on […]
A recent Deutsche Bank survey unveils a divided stance on Bitcoin, with a notable fraction of participants envisioning a steep drop to below $20,000 by the year’s end. This potential fall would slash the cryptocurrency’s value by over 70%, harking back to the lows of 2022. On the flip side, a smaller group, just 10% […]