Bolivia aims to welcome over 1.3 million tourists by the end of 2024, representing a significant 10% increase from the one million visitors in 2023. This goal would also surpass the record figures from 2019. That year, 1.2 million international travelers visited the landlocked South American country. These optimistic projections come from the Bolivian Vice […]
On May 23, Governor Tarcísio de Freitas of São Paulo approved an increase in the state’s minimum wage to R$ 1,640 (about $320). Announced the next day, this raise targets a significant uplift in living standards in Brazil’s wealthiest state. Since its establishment in 2007, São Paulo’s minimum wage has consistently exceeded the national standard. […]
In Brazil, Dasa’s shares climbed 3.93% to R$3.93 ($0.76) on Friday, following a 13.69% spike the previous day. This boost was sparked by news of potential merger talks with Amil, fitting seamlessly with Dasa’s strategic growth aims. A potential merger could significantly restructure Dasa’s finances, potentially cutting its net debt by at least R$2.5 ($0.49) […]
During the 2023/24 harvest season, Brazil’s orange juice sector, a global leader, navigates rough waters. This data was supplied by researchers from the Center for Advanced Studies in Applied Economics (Cepea). Although exports dropped by 7%, totaling 543.8 thousand tonnes, revenue jumped by 21%, hitting $1.3 billion in just six months. This increase, contrasted with […]
Carlo Acutis, a tech-savvy Italian teenager, may soon become the first saint of the millennial generation. Born in London and raised in Milan, Acutis showed an early passion for the Eucharist, which deeply influenced his life and work. Merging his spiritual devotion with his digital prowess, he created a website cataloging Eucharistic miracles, capturing the […]
India’s foreign policy has taken a dynamic turn, evolving with the shifting sands of global politics since the early 1990s. Once focused on neighboring Asian countries, India now casts its gaze westward, cultivating deeper ties in the Middle East. This strategic pivot is not just about geography; it’s about influence, energy, and stability on the […]
Europe is on a mission to establish itself in the space industry, inspired by SpaceX’s pioneering efforts. Initiatives like the Iris² satellite constellation and reusable rocket technologies show Europe’s intent to lead, not just follow. The Iris² project will revolutionize internet access by providing broadband across Europe and Africa. It aims to compete with SpaceX‘s […]
Early in the morning, Brazil’s Central Bank released detailed external sector statistics for the month of April. Although no other significant economic events were planned, this quiet day subtly hinted at underlying market tensions. These tensions indicated an attempt to reverse recent losses as the week concluded. Subsequently, the market’s attention pivoted to wider discussions […]
Amid leadership changes, Corinthians’ financial director Rozallah Santoro reaffirmed his commitment after a crucial meeting with President Augusto Melo. This followed weeks of speculation about his future due to a contentious sponsorship deal with VaideBet, an online betting company. The scandal erupted when allegations surfaced that part of the sponsorship commission was funneled to a […]
São Paulo’s victory over Águia de Marabá on May 23, secures their place in the Copa do Brasil Round of 16. On Thursday, at Morumbi, the team led by Luis Zubeldía won 2-0. Goals from Lucas Moura (penalty) and Erick sealed the win. In the first leg, São Paulo had already won 3-1 in Belém. […]
São Paulo is alive with cultural events this weekend, spotlighting both Brazilian and international talents. Music aficionados can dive into the Nômade and Somos Rock festivals, featuring legends like Alceu Valença, Baco Exu do Blues, Blitz, and Ultraje a Rigor. Moreover, the city is hosting fundraisers to support Rio Grande do Sul’s disaster victims. Musical […]
Republican Congressman Jim Jordan leads a U.S. House inquiry into the FBI’s potential role in curtailing free speech in Brazil. This investigation targets censorship and other actions against right-wing figures and journalists in Brazil and beyond. The Judiciary Committee asked FBI Director Christopher Wray to clarify the agency’s alleged collaboration with the Brazilian government. Reports […]
Azul and Gol, Brazil’s premier airlines, have embarked on a strategic alliance that promises to reshape their domestic air travel landscape. Starting by June’s end, this partnership will link networks across Brazil, adding over 2,700 new travel options with single-connection flights. This collaboration marks a strategic shift from Gol’s previous alignments, notably its 65% route […]
On May 23, 2024, the International Court of Justice ICJ denied Mexico’s urgent plea to protect its embassy and diplomat residences in Ecuador. Court President Nawaf Salam pointed out that Ecuador had already pledged to protect these sites, eliminating the need for further action. This dispute dates back to an intense incident at the Mexican […]
The U.S. Securities and Exchange Commission (SEC) recently green-lit Ethereum-based Exchange-Traded Funds (ETFs). This approval ushers cryptocurrencies further into mainstream finance, following the acceptance of Bitcoin spot ETFs. These Ethereum ETFs, embraced by top asset managers like VanEck, BlackRock, and Fidelity, promise to enhance stability and accessibility for Ethereum investments. They align with stringent Exchange […]
On Thursday, May 23, the world witnessed another downturn in oil prices, with global markets reacting nervously to U.S. economic indicators and a rising dollar. The New York Mercantile Exchange saw West Texas Intermediate (WTI) for July fall by 0.90% to $76.87 a barrel. Meanwhile, Brent for August dropped 0.65% to $81.11 on the Intercontinental […]
As Nvidia announced a staggering 628% surge in quarterly profits, reaching $14.8 billion, expectations soared for a ripple of positivity across global markets. However, the anticipated uplift in stock values fell flat. Instead, a robust U.S. Purchasing Managers’ Index reading bolstered the dollar, sparking increased risk aversion. In addition, this drove down major indices, including […]
The latest wheat harvest in Kansas, USA, has outperformed expectations, suggesting potential stabilization in global wheat prices. Wheat is essential for making everyday foods like bread, pasta, and couscous. Global wheat supply tightens due to adverse weather, mainly affecting Russia, the leading exporter. As a result, wheat prices have soared, rising over 10% in May […]
For the fourth year in a row, the robust coffee market braces for a shortfall, highlighting a sustained global supply challenge. Volcafe, a leading coffee trader, points out a significant deficit primarily centered in Vietnam, the world’s top robusta producer. This country is witnessing its lowest production in over a decade due to severe dry […]
Ángel Ramón Barchini, the Justice Minister of Paraguay, has officially resigned, sparking the first cabinet reshuffle under President Santiago Peña, who took office in August. Barchini, citing strictly personal reasons, submitted his resignation ahead of Peña’s trip to the United States in mid-May. He was succeeded by Nicora, previously the Deputy Minister of Criminal Policy. […]
Mexico’s economic growth dipped to a modest 1.6% in early 2024, just as a presidential election looms. From January to March, the GDP edged up by just 0.3% from the previous quarter, slightly better than the 0.2% expected by economists. Despite outperforming predictions in 2023, factors like weak export demand and harsh weather significantly slowed […]
Former Treasury Secretary Jeferson Bittencourt warns that Brazil’s fiscal framework is under threat of a “death blow” to economic strategies. Speaking to Estadão, he highlighted potential severe budget cuts next year, ranging from R$15 billion ($2.91 billion) to R$30 billion ($5.82 billion). These cuts stem from rising mandatory costs such as payroll and pensions. Historically, […]