Morocco is taking measures to oversee cannabis cultivation more effectively. The National Agency for the Regulation of Cannabis Activities (NARCA) is leading these efforts. Recently, a series of guides was released to streamline the process, and production facilities have begun operations. In June, Morocco initiated the licensed cultivation of cannabis for therapeutic purposes. The management […]
With the 2024 Lok Sabha elections on the horizon, Prime Minister Modi’s Independence Day speech provided a reflective account of India’s trajectory since 2014, while offering a glimpse into his vision for the future. Over the years, his addresses consistently spotlighted India’s expanding global influence and the renewed energy driving its development. Within this narrative, […]
According to a recent survey conducted by the well-regarded Universidad Diego Portales in Chile, 60% of Chileans are inclined to vote against the proposed new constitution, set to be decided in a referendum on December 17. The current constitution, originating from the era of Augusto Pinochet’s dictatorship, underwent modifications in the democratic era. The study […]
Approximately 200 detainees housed across six detention facilities in Guinea-Bissau experienced a three-week gap in food supply from the state-appointed contractor. The prison administration revealed this lapse was due to the service provider halting the food supply, citing non-payment of their monthly dues amounting to roughly 28,000 dollars. This amount, provided by the Finance Ministry, […]
In 2022, the total assets of Angola's Public Sector Enterprises (SEP), which comprises 71 companies, stood at 26.9 trillion kwanzas (equivalent to 32.67 billion dollars), marking a 5.2% reduction from the previous year. This update was shared by Ednilson Sousa, head of the Public Company Monitoring Department at the State Asset and Equity Management Institute […]
(Opinion) Next week’s BRICS Summit in Johannesburg, South Africa, will witness the participation of delegations not just from member countries Brazil, Russia, India, China, and South Africa, but also Bolivia and Argentina. There’s heightened global interest in this year’s assembly, partly due to speculation regarding Russian President Vladimir Putin’s presence, who will ultimately attend virtually, […]
Brazil's Finance Minister, Fernando Haddad, has consistently advocated for revenue-boosting strategies aiming for a balanced national budget in 2024. However, internally, there's an understanding of the potential risk of running a deficit next year. Haddad's approach has tempered concerns about President Luiz Inácio Lula da Silva's spending intentions. He faces the challenge of generating an […]
Leading global brands are showing renewed interest in establishing stores in high-end shopping centers in São Paulo, Brazil's largest consumer market. Brazil is the country with the fastest-growing number of millionaires, and São Paulo stands as the nation's epicenter of wealth creation Luxury brands such as Louis Vuitton and Moncler have announced expansion plans. Louis […]
China’s real estate industry has been navigating choppy waters lately, with a series of financial setbacks plaguing major developers. Soho China, a notable developer in the commercial property realm, recently revealed a drastic 93% decline in its six-month net profit from the previous year, standing at 13.61 million yuan ($1.9 million). Most of this revenue […]
Brazil's corn ethanol production is set to hit 6 billion liters this season, marking a nearly 40% increase from the last cycle and setting a historical record for the nation. In comparison, the 2019 season closed with a production of just under 800 million liters, indicating the current output is nearly eight times greater. The […]
The dollar started its session on Friday on an uptick, surpassing the R$ 5.00 threshold, a level not seen since June 2nd. Global factors heavily influenced this movement. Despite easing pressures from Treasuries, anxieties about China persist, especially after real estate developer Evergrande sought bankruptcy protection in the U.S. By 9:55 a.m., the dollar was […]
(Opinion) The Brazilian political scene appears to be thick with intrigue as allegations swirl around former President Jair Bolsonaro. As two major investigations converge, the air feels heavy with a mix of anticipation and skepticism. In a recent unfolding, key figures like General Mauro Cesar Lourena Cid and lawyer Frederico Wassef have come under the […]
European nations are increasingly emphasizing investments in Brazil. Recent figures from the Central Bank reveal that Brazil attracted investments of US$901.4 billion in 2021. Out of this, 62.9% originated from Europe. The Netherlands is leading the pack from Europe, contributing 40.5% of the European total. In comparison, the U.S. contributed 22.2%, and China accounted for […]
Recently, the UAE's state-owned EDGE Group unveiled a strategic alliance with the Brazilian Navy, committing to co-investment in creating advanced long-range anti-ship missiles, enriched with cutting-edge anti-jamming technology. Expanding their Brazilian collaborations, EDGE Group has now also forged a strategic partnership with Turbomachine, a front-runner in the aerospace domain, renowned for their expertise in gas […]
In a recent meeting between President Luiz Inácio Lula da Silva and the Speaker of the House of Deputies, Arthur Lira, key decisions regarding a ministerial reshuffle were discussed. This reconfiguration of the government will witness the integration of the Centrão, a political . . . To read the full NEWS and much more, Subscribe to […]
Next week, India and Russia will conduct lunar missions targeting the uncharted south pole of the Moon. This reflects a renewed global enthusiasm for moon missions, with goals such as establishing bases and utilizing lunar resources. Nations like the US, China, and European Space Agency (ESA) members are planning return trips to the Moon, including […]
South Africa’s primary opposition party, the Democratic Alliance (DA), has teamed up with six other smaller parties to challenge the ruling African National Congress (ANC) in the 2024 general elections, local sources reported on Friday. The alliance was solidified at the Multi-party Convention held this week in Johannesburg. At this gathering, a unified strategy was […]
On Friday, the Lithuanian government reported the full closure of its border with Belarus. This decision comes after indications that two out of the six border crossings with Belarus would be shut due to the presence of the Wagner mercenary group in Belarus. The country’s Interior Minister, Agne Bilotaite, during an interview with Lithuania’s public […]
As confirmed by the Russian Defense Ministry, Russian and Chinese warships are engaged in cooperative exercises in the Pacific Ocean, focusing on rescue training and aerial defense strategies. The naval units of both nations are active in the East China Sea waters. “During this time, naval forces from both countries undertook anti-submarine drills, defended against […]
In an effort to enhance oil production, Venezuela has turned to previously dormant oil wells, resulting in a 10% increase in output. Over the first half of 2023, the state-owned Petróleos de Venezuela (PDVSA) witnessed an over 10% surge, translating to an added 81,000 barrels daily compared to January’s figures. Experts highlighted that many of […]
The Prosecutor General’s Office of Colombia has declared charges against an additional 22 individuals over alleged corruption ties with the Brazilian construction giant, Odebrecht. As per the Prosecutor General’s statement on social media platform X (formerly Twitter), “Odebrecht executives allegedly crafted a corrupt network, channeling more than 80 billion Colombian pesos (around USD 20 million) […]
On August 17th, Ecuadorian presidential candidate, Daniel Noboa, confirmed that his campaign convoy was attacked while passing through Durán, located in the southwestern province of Guayas. Taking to Twitter, Noboa said, “Our convoy was targeted in Durán. Thankfully, we emerged unscathed. Intimidation and fear have no place in the nation we envision and are committed […]
The Brazilian Air Force (FAB) reported the disappearance of a helicopter carrying three passengers in the dense Amazon rainforest. For unknown reasons, the aircraft went missing in the region between the states of Amapá and Pará in northern Brazil. On Wednesday, the helicopter took off from Bona's base in the Maritepu village at 12:00 local […]
On Argentina’s recent financial trading day, the unofficial dollar price, also known as the “blue dollar”, decreased 20 pesos (2.56%), closing at 760 pesos per unit in the country’s leading exchange houses. This shift marked a break from its consistent ascent over ten successive days and occurred for the first time since the primary elections […]
Brazil's top court, the Supreme Federal Tribunal, has mandated a financial disclosure for former President Jair Bolsonaro (2019-2022) and his wife, Michele Firmo, amidst allegations concerning the illicit sale of presidential jewels. The directive, issued by Judge Alexandre de Moraes, was in response to a request from the Federal Police. They are scrutinizing the alleged […]
