Argentina has made a significant strategic move to enhance its automotive industry’s global competitiveness. Under the leadership of Economy Minister Luis Caputo and President Javier Milei, the country has substantially reduced tariffs and taxes. This reduction specifically targets the automotive sector, with the goal of boosting exports and streamlining processes. The automotive industry, integral to […]
In the first quarter of 2024, Petróleos Mexicanos (Pemex) experienced a significant financial downturn. Profits plummeted by 91.7%, falling from MXN 56.735 billion ($3.40 billion) in early 2023 to just MXN 4.682 billion ($280.69 million) in the same period this year. A recent submission to the Mexican Stock Exchange noted that rising sales costs, administrative […]
General Motors (GM) officially declared that it will shut down its assembly operations in both Colombia and Ecuador. This decision shifts focus to national vehicle marketing and after-sales services. Today, GM starts winding down Colombia’s Colmotores plant, operational since 1956. The OBB plant in Ecuador will follow, ending activities by August 2024. Despite these closures, […]
In Miami, "The Messi Experience: A Dream Come True" vividly brings Lionel Messi's storied career to life. This immersive exhibition traces his journey from Rosario, Argentina, to becoming a 2022 World Cup champion and his recent move to MLS club Inter Miami. Staged in a hangar in Coconut Grove, the exhibit is set to tour […]
In the early hours of Friday, a devastating fire erupted at the Garoa Hostel on Farrapos Avenue in downtown Porto Alegre, claiming ten lives. The Rio Grande do Sul Military Fire Brigade responded swiftly with five trucks to combat the blaze in the three-story building, ultimately extinguishing the flames. Lieutenant Colonel Lúcio Junes da Silva, […]
São Paulo prepares for a weekend of art and music, readying its streets for a burst of rhythm and color. A Cor do Som kicks off the weekend on Friday with "Beleza Pura" and "Zanzibar" at a local spot. Metal fans will converge outdoors for Summer Breeze Open Air Brasil, enjoying global heavy riffs. Mel […]
(Analysis) This week, Jorge Messias of Brazil's Attorney General's Office took a decisive step that stirred national debate. By forwarding a document to the Supreme Federal Court, he initiated a process that could redefine the boundaries of press freedom in Brazil. This document, crafted under the administration of President Luiz Inácio Lula da Silva, proposes […]
In April, inflation in Brazil experienced a significant deceleration, as evidenced by the IPCA-15 index, which rose by just 0.21%. This rise fell short of the anticipated 0.29% monthly and 3.86% annually. Compared to March's 0.36%, the annual rate for April stood at 3.77%, down from last year's 4.14%. These figures from the Brazilian Institute […]
In the bustling metropolis of São Paulo, the real estate market is showing signs of robust growth, with property prices ascending across several key neighborhoods. This dynamic shift is highlighted in a recent study by QuintoAndar, which details the price variations within São Paulo. It compares them to similar trends in Rio de Janeiro and […]
In a day marked by mixed economic signals and internal corporate news, the Ibovespa index closed down slightly by 0.08% at 124,645 points, reflecting its third straight day of losses. This slight decline was influenced by various factors. These included financial results from Vale, pivotal decisions on Petrobras dividends, and fluctuating GDP figures from the […]
Brazilian President Luiz Inácio Lula da Silva, who started his term last year, aimed to revive South American unity, echoing his previous leadership goals. However, his plans to mend ideological and internal divisions faced substantial obstacles. Lula rallied 11 South American leaders in Brasília a year ago, reigniting discussions paused since the last Unasur/Unasul meeting […]
The European Commission has cut its forecast for 2024–25 wheat production to 120.2 million metric tons, marking a reduction from the initial estimate of 120.8 million metric tons. This latest projection is the lowest since 2020, reflecting significant changes in the agricultural landscape of the EU. These changes include a sharper-than-expected decrease in planting areas, […]
In a bold move to combat skyrocketing inflation, the Argentine Central Bank has reduced its benchmark interest rate from 70% to 60%. This decisive action marks the second 10-point rate cut this month, highlighting President Javier Milei’s aggressive strategy to stabilize the economy. With inflation climbing close to 300% annually, these cuts reflect growing confidence […]