In the first five months of 2023, Honduras experienced a 2.5% expansion in economic activity, according to a report by the Central Bank of Honduras (BCH). This growth was primarily fuelled by sectors including hospitality and financial intermediation. The country’s economy remained resilient despite a challenging global economic context, achieving an annual variation of 4% […]
Banco Unión, Bolivia’s state-owned bank, has started transacting in Chinese yuan, according to Bolivia’s Minister of Economy, Marcelo Montenegro. In addition, the government is discussing the potential implementation of a Chinese bank within the country. Due to an ongoing dollar shortage in Bolivia, the government is exploring other currencies, such as the yuan, for financial […]
Argentina, a leading global corn exporter, recently amplified the available volume for corn exports and added corn to its portfolio of goods that receive advantageous exchange rates for exporters. This adjustment aims to bolster the inflow of foreign currency into the country, which has been grappling with a reserve shortage. The Argentine Secretariat of Agriculture’s […]
EY's latest Renewable Energy Country Attractiveness Index (RECAI) positions Chile as the most favorable nation in Latin America for renewable energy development. Globally, Chile ranks 14th, ahead of Brazil (18th) and Argentina (30th), but behind the United States (1st), Germany (2nd), and China (3rd). This ranking comes amidst debates in Chile about further expansion of […]
Brazil and Chile have implemented a roaming agreement as part of their broader free trade pact. The agreement, administered by Brazil's National Telecommunications Agency (Anatel), went into effect on July 25. It mandates that mobile service providers in both nations apply domestic rates to international roaming services. This applies to personal mobile service providers and […]
Latin America, a region historically recognized for its rich cultural heritage and natural resources, is now making significant strides in the field of technology. With a growing population, a strong entrepreneurial spirit, and increasing investment in digital infrastructure, Latin American countries are emerging as major players in the global tech industry. This article explores the […]
Panama’s government has expressed readiness to assist the U.S. in bolstering the resilience and diversity of its semiconductor supply chain. Amid escalating geopolitical tension and consequent risk of worldwide semiconductor shortage, Panama’s involvement could prove vital. The country’s Commerce and Industry Minister, Federico Alfaro Boyd, suggests leveraging Panama’s nearshoring capabilities for semiconductor manufacturers. The strategic […]
The International Monetary Fund (IMF) has updated its economic outlook, offering revised growth projections for Latin American economies. The recent IMF report indicates anticipated GDP growth for Brazil and Mexico, the region's dominant economies. In contrast, Argentina's economic outlook has experienced a significant downgrade. The IMF's updated predictions indicate a 1.9% GDP growth for Latin […]
In June 2023, the federal government reported a revenue total of R$180.4 (US$38) billion), marking a 3.37% decrease in real terms compared to the previous month. The earlier period in June 2022 saw a collection of R$186.7 billion. This decrease represents the second time in 2023 that monthly revenue dropped, with a previous decline of […]
Financial ratings entity Moody’s recently discussed potential risks facing Israel after the enactment of a contentious judicial reform. The agency maintained Israel’s A1 rating, having downgraded from the “positive” category earlier this year. The downgrade was attributed to governmental changes and the polarizing effects of the reform, which appears to diminish judicial independence while expanding […]
The 2023-2024 cereal production is predicted to set new records, says the International Grain Council (IGC). Corn and rice yield are projected to grow, with the total cereal output, excluding rice, pegged at 2.3 billion tons, slightly higher than the 2021-2022 season. Corn production is expected to rise by 5.5% YoY to 1.22 billion tons, […]
“Any force that seeks to shift the balance of power under the pretense of ‘preserving democracy’ should be met with healthy skepticism and robust resistance” (Opinion) In today’s convoluted world of political maneuvering, nothing is black and white, and the tectonic shifts in the power structures of two vastly different countries like Brazil and Israel […]
For the first time, the German military will be part of a large-scale exercise in the Asia-Pacific region. From Saturday, July 22, they will join Exercise Talisman Sabre 2023, which is primarily designed to boost US-Australian military collaboration. The inclusion of Japan in recent years highlights an increasingly cohesive military alliance. German paratroopers and marines […]
(Opinion) The launch today of Lula TV, officially known as the Gov Channel, in Brazil, opens up a new chapter in the annals of Brazilian government-citizen interaction. Though not entirely novel, it's a concept that signals a potentially seismic shift in the country's political communication landscape. The Gov Channel is designed to serve as a […]
Arthur Lira, the President of the Chamber of Deputies, has recently expressed concern regarding the potential consequences of the income tax reform proposed by the current administration. He voiced his apprehensions during a meeting with business leaders in São Paulo. Lira believes that discussions surrounding income and fund taxation should be held separately and at […]
The U.S. dollar value in Argentina’s unofficial market has spiked to a new high, following recent monetary and fiscal policies implemented by the government. This induced a partial devaluation of the Argentine peso, with the dollar rising by 3.9% to 550 pesos per unit on the parallel market. The uptick occurred subsequent to governmental adjustments […]
The São Paulo municipality holds the record for the lowest incidence of intentional violent deaths per 100,000 residents in Brazil, as per the 17th Brazilian Yearbook of Public Security's findings. In 2022, São Paulo registered a rate of 8.4 homicides per 100,000 people, notably below the national average of 23.4. Last year, São Paulo marked […]
CS:GO skins have long been a cherished aspect of the game, allowing players to personalize their weapons and showcase their style. With the release of Counter-Strike 2 on the horizon, some players may consider selling their old skins. However, before making a decision, it’s essential to understand that they will carry over to CS2, making […]
In July, the National Broad Consumer Price Index-15 (IPCA-15), an early measure of Brazil's official inflation, saw a deflation of 0.07%, the Brazilian Institute of Geography and Statistics (IBGE) reported. This followed a marginal increase of 0.04% in June. For comparison, in July 2022, the IPCA-15 rose by 0.13%. The July deflation was lower than […]
According to recent data from travel metasearch engine, Kayak, São Paulo and Lisbon have emerged as the preferred travel destinations for Brazilians in the second half of 2023. Other popular destinations include Rio de Janeiro, Recife, and Fortaleza among others. Interestingly, eight out of the ten most searched destinations are within Brazil, indicating a strong […]
Bare Necessities Tour & Travel, an American travel firm, has introduced a novel nudist cruise set to commence in 2025. The 11-day trip will originate in Miami, extending through Puerto Rico, the Bahamas, and St. Lucia, offering passengers an unclothed experience in these tropical landscapes. The concept is an extension of the company's annual "Big […]
In an official meeting in Tehran, Bolivian Minister of Defense, Edmundo Novillo, and his Iranian counterpart, Mohammad Reza Ashtiani, have mutually confirmed a deal wherein Bolivia will purchase drones from Iran. The visit involved discussions about cooperation regarding anti-smuggling and anti-drug trafficking efforts, academic training in nanotechnology, and holistic national development support. The drone systems, […]
During a recent BRICS meeting discussing space collaboration, Russia's space agency suggested the possibility of its partners - Brazil, India, China, and South Africa - contributing to the construction of a module for its upcoming orbital station, the Russian Orbital Station (ROS), according to Interfax News. The plan for the ROS includes the first module […]
The U.S. space agency, NASA, has expressed its desire to intensify its collaborative efforts with Brazil. The partnership aims to improve the surveillance of deforestation in the Amazon rainforest and bolster preservation activities. A meeting between NASA Administrator Bill Nelson and President Luiz Inácio Lula da Silva took place at the Planalto Palace in Brasilia […]
Libya, Niger, and Chad are collaboratively studying a project that could result in a railway link between these neighboring nations, as announced on Monday. This development is a result of a meeting in Tripoli involving Said al Kilani, responsible for the Libyan railroad project’s management and implementation, and ambassadors from Niger and Chad to Libya, […]
