Today, Petrobras announced a groundbreaking total shareholder payout for 2023 of R$94.35 billion ($18.32 billion). This included R$22 billion ($4.27 billion) in extraordinary dividends, setting a new record in their financial dealings. The company paid R$58.214 billion ($11.30 billion) in advances this year and proposed another R$36.139 billion ($7.01 billion) in extra dividends. Shareholders are […]
In the bustling first quarter of 2024, Angola saw a significant shift in its oil industry, exporting 94.4 million barrels of crude oil. This marked an 8.43% decrease from the previous quarter but showcased an 11.93% year-over-year increase. Despite fluctuations, the nation amassed $7.7 billion in revenue. Jose Barroso, Angola's State Secretary for Petroleum and […]
In a vibrant display of national pride, thousands flocked to Portugal's streets, celebrating the 50th anniversary of the April 25th Revolution. Lisbon's Praça do Comércio served as the focal point, where veterans of the 1974 coup showcased vintage military vehicles. The spirit of festivity spread across the nation, filling major city avenues like Lisbon’s Avenida […]
On May 4th, Rio de Janeiro's famous Copacabana beach will transform into a massive concert venue for Madonna. The city expects a record-breaking crowd of 1.5 million people, surpassing even its New Year's Eve gatherings. Everything is set for a smooth event from start to finish. The evening will start at 7 PM with DJ […]
Brazil’s football legend, Marta Vieira da Silva, has announced her upcoming retirement from the national team. This signifies the close of a transformative era in women’s soccer. Her career, ending after 2025, marks a key chapter in the sport. Marta, celebrated for her talent, leaves a legacy that extends beyond her six FIFA World Player […]
On April 25, 2024, Ecuador marked a significant milestone, securing a $4 billion deal with the International Monetary Fund (IMF) for the next four years. This agreement promises substantial support for Ecuador’s economic initiatives aimed at fostering stability and growth. Varapat Chensavasdijai, IMF’s mission chief for Ecuador, emphasized improving life for all Ecuadorians, especially the […]
(Analysis) As 2024 unfolds, Wall Street confronts significant challenges from a major economic slowdown and persistent inflation, which undermines investor confidence. Additionally, recent data reveal a downturn in the U.S. economy— the world’s largest—alongside rising inflationary pressures, escalating fears of “stagflation.” Stagflation is dreaded because it merges sluggish economic expansion with elevated inflation rates, resulting […]
In early 2024, the U.S. economy significantly slowed, with GDP growth dropping to just 1.6% in the first quarter from 3.4% in the preceding quarter. The U.S. Bureau of Economic Analysis BEA attributed the decline to reduced consumer spending, exports, and government investments. This downturn reflects significant cutbacks across various sectors of the economy. Simultaneously, […]
In 2023, the Dominican Republic escalated its military spending by 14%, totaling around $893 million. The decision stemmed from increased security concerns along the volatile border with Haiti after the 2021 assassination of Haitian President Jovenel Moïse. The Stockholm International Peace Research Institute SIPRI noted a minor 0.4% drop in military spending in Central America […]
Mexico faces declining oil production, primarily from the Ku offshore and Quesqui terrestrial fields, both vital assets under state-run Petróleos Mexicanos (Pemex). Recent figures from the National Hydrocarbons Commission show that in March 2024, the country produced 1.86 million barrels of oil daily. This marked a 3.6% decrease annually—70,000 fewer barrels than the previous year […]
In the evolving landscape of cryptocurrency, Sam Altman’s Worldcoin presents a unique venture, captivating the market with its innovative approach to digital identity. Utilizing a device called the “Orb,” Worldcoin scans users’ iris to create a secure, unique identifier for each individual. This biometric method not only enhances security but also paves the way for […]
In the dynamic world of digital banking, Mexico emerges as a contender, mirroring Brazil’s landscape from six years ago, before its neobank explosion. BofA highlights similarities but also stark differences in growth rates and market competition between the two countries. By 2021, Brazil’s neobank market penetration hit 80% following a 2018 boom, stabilizing since. Mexico […]
The Brazilian Senate recently approved significant legislative reforms, setting the stage for a considerable advancement in pharmaceutical clinical research. These regulations aim to attract investments totaling 5 billion reais (approximately $1 billion). Consequently, Brazil anticipates a new era of medical innovation. The bill, which reinforces the National System of Ethics in Clinical Research with Human […]
In the vast landscapes of Brazil, where nature’s bounty runs as deep as the mines of Pará, Vale stands as a titan. This global leader in iron production navigated the first quarter with resilience, even as net profits dipped. They reported a profit of $1.679 billion, down 9% from last year’s figures. As iron prices […]
Brazil has emerged as a major player for global investments, establishing itself as the top choice for foreign capital in Latin America. The latest Kearney report ranks Brazil 19th among the world's top 25 investment destinations. This marks a significant rise from its 22nd position in 2022 and its absence in 2023. Now, Brazil even […]
Brazil's government recently raised the import tariff on steel to 25% for selected products, positioning Usiminas, Brazil's largest steel producer, to potentially thrive. As global trade shifts, this increase, targeting specific steel items, is set to significantly alter the competitive dynamics favoring domestic companies. Usiminas, particularly dominant in the national market for rolled steels, sees […]
Amidst the vast, unyielding expanse of the Atlantic off the coast of Namibia, a narrative of opportunity and economic transformation unfolds. Galp Energia, a Portuguese oil titan, recently revealed a groundbreaking discovery in the Mopane field, forecasting an astonishing reserve of up to 10 billion barrels of oil. This weekend’s announcement marks a pivotal advancement […]
Amidst a day of mixed fortunes on the Brazilian stock market, the Ibovespa, Brazil’s primary stock index, closed down, falling below the significant 125,000-point threshold. Ending the trading day at 124,740 points, the index recorded a decline of 0.33%. This downward movement contrasted with the commercial dollar, which appreciated by 0.34% to R$5.14, breaking its […]
As Middle East tensions escalate, the allure of gold has soared, with its price reaching a peak of $2,400.67 per ounce. This significant 1.2% rise highlights a surging demand for stability. Globally, the United States holds the largest gold reserves, totaling 8,133 tons, according to Trading Economics. It is followed by Germany with 3,353 tons, […]
In a significant move, Google declared that it would block political advertisements for the forthcoming October municipal elections. This announcement on Wednesday aligns with the Superior Electoral Court (TSE) resolutions from February. These resolutions aim to minimize the misuse of artificial intelligence (AI) and combat the spread of misleading or misrepresented information. The TSE will […]