Oil futures saw varied performance but ended higher on Wednesday, reflecting sector trends and the Federal Reserve’s latest minutes. West Texas Intermediate (WTI) for April increased by 1.13% to $77.91 per barrel on the New York Mercantile Exchange. Meanwhile, Brent for April rose by 0.84% to $83.03 per barrel on the Intercontinental Exchange. The session […]
Luxury tourism in East Africa surges post-air travel reopening, driven by major investments from Marriott and Radisson Blu. This region, celebrated for its unparalleled travel experiences and high-end accommodations, is now drawing in luxury tourists from across the globe. Marriott International leads, aiming to open 30+ hotels in Africa by end of 2024, emphasizing East […]
South America offers a gigantic range of extraordinary travel destinations that leave nothing to be desired. If you are looking for emotions, adventure, unique experiences, culture or just relaxation, you will quickly find what you are looking for in South America. It is home to some of the most beautiful travel destinations in the world. […]
Lula's comparison of Israel's Gaza actions to the Holocaust sparked controversy but gained Latin American support. At a press conference in Ethiopia, Lula accused Israel of "genocide" against Palestinians, prompting Israel's foreign minister to reprimand Brazil's ambassador. Israeli Prime Minister Benjamin Netanyahu condemned Lula's remarks as "disgraceful," equating them to a trivialization of the Holocaust. […]
During a landmark meeting on Wednesday, Brazil's President Luiz Inácio Lula da Silva and U.S. Secretary of State Antony Blinken found common ground on forming a Palestinian state. They convened at Brazil's Palácio do Planalto, highlighting the urgency of reforming the UN Security Council, where the U.S. has a permanent seat. Their discussion emphasized the […]
Petroperú, Peru’s national oil company, is facing bankruptcy, as stated by the newly appointed Minister of Energy and Mining, Rómulo Mucho. During a recent interview, he made it clear that the company’s financial recovery hinges on substantial management reforms. Mucho dismissed the idea of selling Petroperú, emphasizing the significant investments and assets, including 60 properties, […]
The US dollar slightly strengthened against the Brazilian real, ending Wednesday with a 0.13% increase to close at 4.9385 reais. This movement was due to the anticipation and eventual release of the Federal Reserve’s meeting minutes, which highlighted concerns over early interest rate reductions. The day’s trading was marked by cautious trading patterns ahead of […]
The Rosario Board of Trade has revised Argentina's 2023/24 soybean and corn harvest forecasts to 49.5 million tons and 57 million tons, respectively. This adjustment follows a heatwave that impacted crops between late January and early February, marking a reduction from initial estimates. Despite this setback, Argentina's agricultural sector stands poised to achieve its second-best […]
