Cape Verde sent a 15-person delegation to the Web Summit in Rio de Janeiro to enhance remote work collaborations with Brazilian companies. Led by the Secretary of State for the Digital Economy, the initiative introduces a new talent platform. Pedro Lopes explained at the summit that this platform allows Cape Verdeans to remotely work for […]
Azul Linhas Aéreas, a prominent force in the Brazilian aviation industry, is on an ambitious path to broaden its international footprint. The airline recently announced the addition of Paraguay to its growing list of destinations, marking its ninth international route. This strategic move was unveiled during the World Travel Market event in São Paulo, highlighting […]
Venezuela's air travel sector is witnessing a significant revival, marked by enhanced national and international connectivity. This resurgence, driven by the reopening of long-dormant airports due to various factors including governmental decisions, economic crises, and the pandemic, signals a positive shift. Reinaldo Pulido, Vice President of Conseturismo, highlighted this progress, particularly noting operational restarts in […]
(Analysis) Jerome Powell, Chairman of the U.S. Federal Reserve, recently announced that U.S. interest rates might stay high for longer, complicating global monetary policy. Made on Tuesday, this announcement predicts delays in anticipated rate cuts due to ongoing high inflation. This change from Powell’s earlier statements has driven U.S. Treasury yields up and strengthened the […]
As the year ends, iron ore prices are poised to revisit the $100 per ton mark, driven by escalating pressures in China’s faltering real estate market. Predictions by Capital Economics suggest a further slip to $85 per ton by 2025, reflecting deeper market challenges. The firm links the downturn to decreased steel production and strict […]
February saw the fourth straight month of growth for the Brazilian Central Bank's Economic Activity Index (IBC-Br), a precursor to GDP. The index rose by 0.40% from January, with adjustments for seasonal influences, continuing its positive trajectory. Previously, the IBC-Br had faltered, posting declines across three months from August to October.2.59%, complemented by a 2.95% […]
Amid growing global tensions, Australia embarks on a transformative journey, reallocating AU$50 billion ($32 billion) towards reshaping its military. This overhaul, driven by Defense Minister Richard Marles, focuses on enhancing the Australian Defense Force (ADF). The aim is to create a robust presence in the Indo-Pacific, specializing in deterrence and amphibious operations. The unveiling of […]
Indigenous leaders from New Zealand, Tahiti, Tonga, and the Cook Islands have granted legal personhood to Pacific whales and dolphins. This transformative treaty, known as the He Whakaputanga Moana or Declaration for the Ocean, was crafted under the leadership of the Hinemoana Halo Ocean Initiative. It integrates Māori traditional wisdom with modern conservation strategies, heralding […]
EU boldly revives domestic magnesium production to reduce dependency on external sources, enhancing economic sovereignty. EU plans €2 billion investment to revive dormant production facilities, responding to geopolitical tensions and supply chain vulnerabilities. Romania positions itself as a pivotal player, spearheading the resurgence through revitalizing old mines and developing new capacities. One notable endeavor led […]
(Analysis) The Brazilian Real has significantly weakened since the beginning of the year, culminating in the dollar peaking at R$5.268 on Tuesday, April 16. Economists attribute this trend to global risk aversion, which complicates the economic landscape for President Lula's administration. Initially, in early 2024, the dollar was trading below R$4.90. Strong U.S. economic data […]
The Venezuelan Navy has taken a significant step forward in enhancing its maritime capabilities with the inauguration of a new facility dedicated to Iranian-made CM-90 surface missiles. The event led by Defense Minister General Padrino López and Navy Commander Admiral Villamizar Sánchez signifies a pivotal development in Venezuela's naval strategy. Located at the "Lieutenant Tomás […]
(Analysis) In Brazil, tensions between Congress and the Supreme Court (STF) are escalating, drawing attention nationwide and beyond. Criticism has peaked, with Elon Musk calling STF Justice Alexandre de Moraes a "brutal dictator" and pushing for his impeachment. Additionally, this conflict now focuses on the Senate, where significant future clashes may occur. At a crucial […]
From April 14th to 20th, the Brazilian and French armed forces will unite for the 'Jeanne d'Arc 2024' exercise, showcasing their military prowess and commitment to international cooperation. Maritime drills near Rio-Mangaratiba aim to boost naval power and refine security tactics through meticulous planning. Exercise divided into two phases: maritime phase (April 14-16) focuses on […]
Today, financial observers are closely monitoring two key developments: the rising dollar and the release of February’s economic activity index. The dollar’s journey saw it ascend to R$ 5.18 by Monday. By Tuesday, it increased by 1.64%, closing at R$ 5.2697. As the day progresses, further shifts are anticipated, with experts shedding light on this […]
This Wednesday, the Solomon Islands will face a critical election, with attentive global eyes closely watching the outcome. At the heart of the geopolitical tug-of-war is Prime Minister Manasseh Sogavare, seeking reelection amid deepening ties with China. Since 2019, when his government pivoted from Taiwan to Beijing, the bonds have strengthened, particularly through a security […]
April 2024 has been a challenging month for the Brazilian Real, which saw the sharpest depreciation globally against the dollar. By April 16, the Real had fallen by 5.1%, outpacing the declines of other currencies including Uruguay’s peso, Mexico’s peso, and Argentina’s peso. The Israeli shekel, also affected by ongoing conflict, similarly struggled. On that […]
On April 16, 2024, American journalist Glenn Greenwald highlighted Brazil’s extreme censorship, surpassing other democracies. He addressed the Brazilian High House’s Foreign Affairs Committee via videoconference, focusing on judicial actions affecting the social media platform X, formerly Twitter. Greenwald has notably shaped Brazilian political discourse through his investigative journalism, including the “Vaza Jato” leaks. These […]
March witnessed a surge in rental costs across Brazil's capital cities, with figures hitting all-time highs as per the QuintoAndar Imovelweb Index. São Paulo, leading the charge, saw its rental prices increase for the 32nd consecutive month. Rio de Janeiro, Belo Horizonte, Curitiba, Brasília, and Porto Alegre also recorded notable hikes in rental rates. In […]
On a rainy Tuesday at the Arena Fonte Nova in Salvador, a football match between Bahia and Fluminense faced unexpected interruptions. Heavy rain waterlogged the pitch, creating puddles that hindered the ball’s movement and occasionally stopped the game. Just 16 minutes into the first half, the adverse conditions forced officials to pause the game, with […]
Today’s Brazilian Championship highlights include São Paulo vs. Flamengo, Corinthians vs. Juventude, and Palmeiras vs. Internacional, all on Wednesday, the 17th. The day’s schedule also includes matches from the AFC Champions League, AFC Cup, U-20 Asia Cup, U-20 Brazilian Championship, UEFA Champions League, Uruguayan Cup, among others. AFC Champions League 07:00 – Ulsan Hyundai vs […]
This Tuesday marked a significant surge in the parallel dollar’s value in Argentina, continuing its upward trajectory for the third straight day. The rate hit 1,035 pesos per unit at major exchange houses, a peak not seen since March. Locally termed the “blue dollar,” this unofficial rate ascended by 20 pesos, a 2 percent increase […]
As 2024 unfolds, Mexico confronts fiscal challenges reminiscent of the difficulties last seen in the 1980s. The local economy’s cooling has alarmed the Mexican Institute of Finance Executives (IMEF), which shared insights on economic trends. José Domingo Figueroa explained that the preliminary 2025 budget, unveiled in March, indicated increased spending and revenues. Fiscal pressures intensify […]
In the early months of 2024, Uruguay saw an influx of 1,135,102 international tourists, a notable increase of 3.9% from the first quarter of 2019. This growth, albeit lower than the previous year's surge, still brought satisfaction to Eduardo Sanguinetti, the Minister of Tourism. The year prior, the nation had welcomed 1,219,198 visitors, significantly surpassing […]
In the first quarter of 2024, Vale, a titan in Brazilian mining, unveiled a notable 6.1% growth in iron ore output, reaching 70.837 million tons. This increment contrasted with a 20.8% dip compared to the final months of 2023. Vale's sales narrative tells of a robust 63.826 million tons of ore sold, marking a 14.7% […]
This Tuesday, the Haitian government introduced a transitional council to lead the nation after Prime Minister Ariel Henry’s resignation. This strategic move aims to stabilize Haiti, which has been grappling with increased violence and political turmoil. The council will serve until February 2026, appointing new leadership and exercising certain presidential powers. The council’s installation date […]