Two months following President Luis Arce’s new law, Bolivia’s Central Bank bought 205 kg of gold to boost its declining foreign reserves. The bank says the new buys are nearly 30% of gold acquired in 12 years. The law paves the way for more gold purchases. This will help increase Net International Reserves (NIR). Bolivia’s […]
Trinidad’s Prime Minister Keith Rowley describes negotiations over the Dragon gas field as a significant challenge they’ve addressed since 2018. The Dragon field lies in Venezuelan waters but is close to Trinidad and Tobago, the Caribbean’s largest gas producer. It holds 120 million cubic meters of gas. The area neighbors Trinidadian fields run by Shell, […]
Egypt’s President Abdel-Fattah El-Sisi recently unveiled tax breaks designed to spur investment in crucial industries. Industries like green energy, electric cars, and pharmaceuticals will benefit. This move comes amid a high inflation rate of 36.5% for July 2023. Companies can also trade in stable currencies like euros and dollars. In 2021, Egypt made some products […]
A recent poll indicates 61% of Brazilians believe the military acted improperly under the former president, while 25% disagree and 14% are unsure. The survey points to an event on January 8. It questions the role of army officials at the presidential palace. Some attackers of government sites camped near army headquarters. No one disturbed […]
Mercosur and Bolivia plan to meet soon to expedite Bolivia’s membership by focusing on rules and tariffs. Officials say the next meeting aims to move Bolivia closer to joining. They discussed tariffs and rules in the last meeting. Brazil’s Congress needs to okay Bolivia’s entry. President Lula plans to speed this up, but lacks enough […]
Last Wednesday, Brazil's Navy and Tourism Ministry introduced the SafeSail app (Navseg) to enhance maritime safety nationwide. SafeSail is a free app. It adds comfort and security for both boat operators and passengers in Brazil's waters. The main goal is simple. The Navy wants to improve safety for everyone at sea. The app targets not […]
(Opinion) This week, the U.S. government sued Google for monopoly abuse in the ad market, where the tech giant rakes in $160 billion annually. Most come from ads. The claim is straightforward. Google destroyed or absorbed competitors to reach the top. Why does this matter? Google controls what we see online. Often, it shows us […]
President Luis Arce is accelerating a major chemical project in Bolivia with assistance from Argentine experts, including Federico Svarc. The project costs around $489 million. It’s located in Uyuni, rich in lithium. The facility will have four plants. They’ll make things like sulfuric acid and sodium hydroxide. The plants aim to save Bolivia $1.4 billion […]
President Nayib Bukele launched a new phase to combat gangs, asserting that El Salvador is now the safest country in Latin America. On Independence Day, he launched “Integration,” the sixth phase of the Territorial Control Plan. Alejandro Gutman will lead the new National Integration Directorate. Gutman has over 20 years of experience helping poor communities. […]
In Brazil, gasoline and ethanol prices have recently fallen, but diesel prices have reached a seven-month high. The National Agency for Petroleum (ANP) released this data on Friday, September 15. Between September 10 and 15, gasoline and ethanol sold for R$ 5.84 ($1.20) and R$ 3.64 ($0.75), respectively. Both fuels experienced a R$ 0.02 ($0.004) […]
Brazil's Cerrado, the world's most diverse savanna, covers 24% of the country and exists in 11 states. Experts say that export-focused agriculture threatens this region. Most forest loss in the Cerrado happens in Matopiba, an area spanning four states. A study reveals that 85% of forest loss in the Cerrado from January to July took […]
Brazil is home to 24 out of 45 startup unicorns in Latin America, with notable companies like Nubank, iFood, and 99, according to a Distrito study. Mexico and Argentina follow with seven unicorns each. Chile has three. Investors poured $11.6 billion into these Brazilian firms from 2019 to 2023. This total doesn't count IPOs or […]
Last year, a report found that 236,400 Brazilians were homeless, equating to one in every 1,000 citizens. The Ministry of Human Rights and Citizenship (MDH) released the study. Most of the homeless persons are in the Southeast region. The Federal District has the highest rate, with three in every 1,000 people homeless. Men make up […]
Julio Velarde, the head of Peru’s Central Bank, lowered the country’s 2023 growth forecast from 2.2% to 0.9%. He spoke during the “September 2023 Inflation Report” presentation. Velarde blames the cut mainly on the El Niño weather event and low public trust. The agriculture sector shrank by 2%. Fishing is expected to drop by 27%. […]
Miguel Cuevas, former House Speaker in Paraguay, was sentenced to five years in jail on Friday for unlawful enrichment. Cuevas is a member of the ruling Colorado Party. The court also banned him from any public roles for five years. He must give up assets worth about $276,000. Though he faced a 10-year jail request, […]
