In the second quarter of this year, Mozambique experienced a 15.6% surge in manufacturing export revenue, says the Bank of Mozambique. This climbed from $321.4 million to $371.8 million, as noted in a report by the Bank of Mozambique. Aluminum bars and cables were the major contributors to this growth. To break it down, revenue […]
President João Lourenço is about to address Angola's National Assembly on the state of the nation. This comes at a historic moment. A president faces an impeachment motion for the first time in Angola's nearly 50-year history. The opposition party, UNITA, is behind this bold move. Although it's unlikely to succeed, the motion has unsettled […]
Ferrari announced earlier this week that they have started accepting cryptocurrency for their luxury cars in the U.S. Next, they plan to bring this payment option to Europe. Enrico Galliera, the head of sales, said the move comes from customer and dealer demand. Most companies have avoided crypto payments so far. They worry about unstable […]
The Central Bank of Peru reports a 2.8% annual fiscal deficit up to September 2023. This is 0.2% higher than last month and 1.1% more than December 2022. In September, the deficit reached 2.417 billion soles ($629.1 million). This number far exceeds the 318 million soles ($82.8 million) deficit from September 2022. The bank says […]
In Ecuador, around 13.4 million citizens are eligible to vote in an urgent runoff election. The government declared a nationwide state of emergency because of a spike in crime and an economic downturn. This election pits Luisa González against Daniel Noboa, who gathered 33.6% and 23.47% of votes in the initial round, respectively. President Guillermo […]
China has given EHang approval to test electric air taxis, aiming to revolutionize the transport industry. This move marks a significant step for EHang towards commercializing battery-operated aerial vehicles. Shortly after the announcement, EHang's stock trading in the U.S. shot up by as much as 51%, indicating strong investor interest. EHang's EH216-S model got initial […]
The Argentine government is making strong moves to curb illegal dollar trading, especially as elections approach. Law enforcement agencies have initiated a series of raids on venues known as “caves” in Buenos Aires. These caves are notorious for facilitating the trading of U.S. dollars on the black market. This measure is in response to a […]
A drought in the Amazon has halted river shipping, with boats, including one carrying gas cylinders, stuck since September 2023. Officials warn that this could hurt nearby grain exports. In Madeira, grain companies like Cargill are still operating. But they are carrying less weight as a safety step. Shipping company AP Moller-Maersk says sailing near […]
The National Security Council is boosting military security at the Dominican Republic's border with Haiti. They aim to make the existing one-month border closure stronger. The focus is to keep out gang members who are running from UN forces. On September 15, President Luis Abinader Corona ordered a full border closure. He did this because […]
(Opinion) The Middle East is rapidly evolving, and Israel faces simultaneous threats from multiple directions. This rising possibility of a multi-front conflict has become a hot topic in regional strategy talks. Recently, on a Friday, Israel conducted airstrikes near Lebanon. This move sparked worries about Hezbollah getting involved. Meanwhile, the ongoing battle between Israel and […]
By September 2023, Brazil-U.S. trade totaled $55.5 billion, making it the second-highest year on record. Amcham Brazil released this data. Compared to 2022, trade between the two countries fell by 17.4%. This decline mainly comes from a 26.5% drop in imports, which equals $10.4 billion less. On the other hand, exports dipped only 4.5%. According […]
The Ibovespa, the São Paulo Stock Exchange's main index, ended the week at 115,754 points, reflecting a 1.11% drop on Friday but an overall weekly gain of 1.39%. Meanwhile, the commercial U.S. dollar closed at R$ 5.09, showing a 0.77% increase on Friday but dropping 1.41% for the week. The Dow Jones rose slightly by […]
After Saudi Arabia and Israel hinted at a new agreement two weeks ago, Hamas’ recent attack on Israel has unsettled the Middle East peace process. Now, that seems unlikely. After the attacks, Saudi Arabia shifted its stance. It now strongly supports a two-state solution for the Palestinians. This shift brings the Palestinian issue back into […]
Venezuelan Foreign Minister Yván Gil confirmed in Rome that Venezuela wants to supply energy to Europe. He spoke at the 11th Italy-Latin America and Caribbean Conference. During the talk, Gil said that Latin America is a reliable source for energy. This includes both fossil and alternative forms. He shared a video on social media to […]
Chapecoense secured a 2-1 victory over Criciúma in the 32nd round of Brazil’s Serie B Championship, with the match held at Criciúma’s Heriberto Hülse Stadium. Gustavo Cazonatti scored both goals for Chapecoense. Meanwhile, Hygor scored one for Criciúma. After this game, Criciúma holds eighth place with 51 points. They missed a chance to move closer […]
