Astrotourism is gaining popularity in Brazil with the establishment of the first "dark sky park" in Latin America. Located in the Desengano State Park, this remote village in Rio de Janeiro has minimal light pollution, allowing visitors to witness the breathtaking beauty of the night sky. The park's preserved Atlantic forest and mountainous surroundings contribute […]
Paraguay is on track to record a soybean harvest of 10.4 million tons, despite significant transportation challenges. The country, ranked as the third-largest soybean exporter globally, grapples with low river levels on the Paraguay-Paraná waterway. This essential route for moving goods has suffered due to a drought in central-west Brazil, impacting water levels downstream and […]
Colombia's housing market is in its toughest period in 15 years, with sales down 17.7% from January to March 2024, totaling 32,017 units. High inflation and rising interest rates have driven this steep decline. Camacol's president, Guillermo Herrera, reports this as the weakest first quarter in over a decade. The downturn has significantly reduced new […]
In Latin America, financial habits show stark differences as some nations embrace digital payments while others cling to cash. Bolivia and Ecuador heavily use cash, significant in their economies, while Chile and Brazil lead in adopting digital payments, which diminishes traditional methods. An Inter-American Development Bank (IDB) report details this divide, noting challenges in expanding […]
In the scenic coastal city of Balneário Camboriú, Santa Catarina, a groundbreaking project is underway. The Triumph Tower is poised to redefine the city’s skyline, aiming to become the tallest residential building in the world at 509 meters and 154 floors. Scheduled for a second-half 2024 launch in the Barra Sul area, it is set […]
Boston Dynamics has recently transitioned its Atlas humanoid robot from hydraulic to electric systems, unveiling a quieter, more agile version. This change marks significant advancements in robotic technology and design. Previously noted for its noisy hydraulic operations, the new electric Atlas now operates silently, enhancing both its efficiency and aesthetic appeal. In a demonstration, the […]
In 2023, the global wind industry achieved a record by adding 117 gigawatts of new capacity, marking a 50% increase from the previous year. This expansion could power about 80 million homes at full capacity, showcasing significant advancements in the sector. The Global Wind Energy Council’s (GWEC) annual report revealed that recent growth pushed total […]
São Paulo, often heralded as a global pizza capital second only to New York, has added another feather to its cap. Leggera Pizza Napoletana, one of its local treasures, has been honored as the finest pizzeria in Latin America. This prestigious recognition came during the 50 Top Pizza Latin America 2024 awards on April 17 […]
Brazil’s 2023/2024 sugarcane season is breaking records, with projections showing an unprecedented output of 713.21 million tons. This remarkable 16.8% increase from the previous year's 610.80 million tons heralds a new era for agricultural achievements in the country. The National Supply Company (Conab) detailed these figures in their latest release on Thursday, confirming a historic […]
Over the past decade, Africa has seen about 18,700 high-net-worth individuals leave the continent. They left due to falling local currencies and weak stock markets. Countries like Nigeria, Egypt, Angola, and Zambia have seen significant currency declines against the dollar. For example, from 2013 to 2023, the South African rand dropped 43% against the US […]
The Peruvian Navy has committed $463 million to enhance its maritime defense capabilities through a contract with South Korea's HD Hyundai Heavy Industries (HD HHI). In the presence of President Dina Boluarte, a strategic deal was signed to construct four naval vessels, enhancing national defense. Scheduled for delivery by 2029, the fleet includes one frigate, […]
The faltering confidence among Americans in key national institutions such as the military and the judiciary is unveiling deeper societal worries and skepticism. The military, once among the most esteemed institutions in the United States, has seen its trust plummet to the lowest in 25 years. This decline, documented by various sources including the Defense […]
Ecuador’s dollar-denominated bonds are shining in the global financial markets, achieving significant gains among emerging economies. This surge stems from the expected new financing deal with the International Monetary Fund (IMF), which boosts investor confidence in Ecuador’s economic strategies. This week, the bonds maturing in 2040 rose 2.5 cents, reaching 50.4 cents on the dollar, […]
Colombia's Defense Minister, Iván Velázquez, recently announced the addition of 1,600 professional soldiers to the Colombian Army. This move, unveiled during a Security Council meeting in Huila Department, is part of a larger strategy to fortify the nation's military. Launched in late 2023, the plan aims to recruit 16,000 professional soldiers by 2026, bolstering regions […]
América Móvil, a dominant force in Latin American telecommunications, is strategically positioning itself to capitalize on the turmoil surrounding its Chilean competitor, WOM. Daniel Hajj, CEO of América Móvil, recently highlighted the potential for significant market consolidation in Chile. Amid WOM’s financial turmoil, highlighted by a Chapter 11 bankruptcy filing, competitor actions gain significance in […]
(Opinion) As President Lula navigates his third term, he focuses on the 2026 elections, building strategies around economic policies. His approach relies heavily on public spending to boost GDP growth and garner voter support, but its effectiveness is widely debated. Lula’s economic policy, aligned with the Workers’ Party’s (PT) philosophy, prioritizes enhancing social benefits, easing […]
At Rio de Janeiro’s iconic Maracanã Stadium, São Paulo faced a disappointing 2-1 defeat to Flamengo in a critical Brazilian Serie A match. This loss significantly increased the pressure on São Paulo’s coach, Thiago Carpini, challenging his tactical approach and leadership skills. Occurring in the season’s second round, this game heightened scrutiny on Carpini’s capability […]
On April 19, India, which is home to 1.4 billion individuals, commences a significant democratic exercise across the nation. This electoral marathon spans until June 1, involving nearly one billion voters, marking it as the world’s most extensive democratic election. Prime Minister Narendra Modi seeks a historic third consecutive term. Under Modi, India became the […]
Thursday, April 18, 2024, finds the financial markets in a contemplative mode, lacking any significant domestic data to guide trading. This lull follows a week bustling with crucial economic indicators, leading today’s market participants to shift their focus retrospectively. On such days, investors and analysts alike delve into previous data to gauge future market directions. […]
In a significant gesture, Argentine President Javier Milei has invited Brazilian President Luiz Inácio Lula da Silva for an informal meeting, aiming to mend past tensions. Previously calling Lula a “communist,” Milei now seeks dialogue to enhance relations between Argentina and Brazil, two major South American economies. This week, Argentine Foreign Minister Diana Mondino personally […]
On Wednesday, April 17, 2024, Brazil and Colombia stood united in their support for a peaceful resolution in Venezuela. They advocated for a negotiated agreement between President Nicolás Maduro and the Venezuelan opposition. Colombian President Gustavo Petro proposed that this agreement be ratified through a plebiscite before the next presidential elections. Brazilian President Luiz Inácio […]
(Analysis) Bitcoin is approaching the end of its third consecutive week of declines, with the price falling from a high of $73,830. This downturn hints at diminishing bullish momentum amid a broader shift towards risk aversion in the market. This trend is linked to unexpected increases in U.S. inflation, which have postponed expected interest rate […]
The World Bank Group (WBG) pledges to invest $7 billion annually in Brazil's development until the year 2028. This funding includes $2 billion from the International Bank for Reconstruction and Development (IBRD) and $5 billion from the International Finance Corporation (IFC). The Multilateral Investment Guarantee Agency (MIGA) also supports this initiative. Developed in partnership with […]
On Wednesday night at Arena Barueri, Internacional secured a narrow 1-0 victory over Palmeiras in the second round of the Brasileirão. The sole goal, scored by ex-Palmeiras player Wesley, not only continued Inter’s winning streak but also added a twist of poetic justice to the evening. The match’s defining moment came from Wesley, who turned […]
Today, Thursday, marks a busy day for soccer enthusiasts, with several key matches set to take place. Highlighting the day’s fixtures are Botafogo’s clash with Atlético-GO in the Brazilian Championship and the match between Venezuela and Brazil in the South American Under-20 Women’s Championship. Additionally, today’s schedule features games from the UEFA Conference League, Ecuadorian […]