José Luciano Duarte Penido resigned from Vale's board as an independent member, citing political manipulation in the CEO selection process, to which Vale has not yet responded. He outlined how the board's majority, shaped by select shareholder interests and conflicts of interest, has compromised the process with biased leaks, undermining confidentiality. Penido lost confidence in […]
Venezuela enacted an airspace ban on flights to and from Argentina, awaiting compensation for Conviasa’s subsidiary Emtrasur over its aircraft detained since June 2022. Venezuelan Foreign Minister Yván Gil declared the country’s firm stance. He insists on full control over its airspace and demands reparations for what he views as harmful, unjust actions. The disagreement […]
President Luiz Inácio Lula da Silva's government plans to support airlines financially, aiming to lower Brazil's flight costs. The plan, revealed soon, will offer public funds as loan guarantees via the national development bank. This approach is seen as a temporary relief rather than a fix for the industry's broader issues. Lula focuses on affordable […]
President Joe Biden has revealed a bold $7.3 trillion plan for 2025 and aims to reshape the U.S. through fiscal prudence and greater equity. This vision may face challenges in Congress but outlines a hopeful future. Biden wants to cut U.S. deficits by $3 trillion in ten years. His strategy involves tax reforms, hitting the […]
Today, strategic rivalries, global threats, and local conflicts challenge the United States' long-held supremacy, marking a shift in worldwide power dynamics. Officials in the US have published a study that notes teamwork among nations such as China, Russia, Iran, and North Korea. They pose varied threats to the current global order. Issues range from growing […]
Datafolha's latest findings reveal a significant rise in disapproval for President Luiz Inácio Lula da Silva among São Paulo's electorate since August. In six months, the percentage viewing his government unfavorably jumped from 25% to 34%. About 28% consider his performance average, while 38% see it positively. Lula's approval remains high among the elderly and […]
Operation Car Wash (Lava Jato), now in its tenth year, prompts Brazil to reflect on the actions of its key legal figures. This extensive corruption probe is under new scrutiny, starting in Curitiba and spreading to major cities. Conviction reversals and critiques, mainly from affected politicians, spotlight figures like Deltan Dallagnol and Sergio Moro. Justice […]
The government and the private sector in Colombia are joining forces to drive significant reforms in the capital market. These reforms aim to improve both liquidity and access, reflecting a shared commitment to evolving market dynamics. César Ferrari, the country’s financial superintendent, stresses the importance of the capital market in fueling Colombia’s economic and social […]
The bustling Mekong River, a hive of activity, faces the prospect of transformation due to upcoming developments. The government, led by Prime Minister Hun Manet, is planning a $1.7 billion China-backed canal. This canal would create a new trade route from Phnom Penh to the Gulf of Thailand, avoiding Vietnam. It threatens traditional trade paths. […]
Telecom leaders Ericsson and Nokia are taking bold steps. They now create their own chips, a move Huawei first made. This change aims to make them more competitive in the 5G and AI fields. It shows how crucial advanced semiconductor technology is for better networks and new ideas. By making chips themselves, these firms are […]
(Analysis) Brazil is witnessing a perplexing scenario where, despite economic improvements, President Lula’s administration is experiencing a dip in public approval ratings. Political analysts are baffled by this paradox, with surveys across the board—from Genial to Quaest, Atlas, and Ipec—showing a noticeable decline in Lula’s popularity. The decline in support, notably among Lula’s former strongholds […]
BMW has defied expectations, becoming a major player in the electric vehicle (EV) market. This achievement is notable because BMW manufactures its EVs alongside traditional gasoline cars in Munich. Analysts criticized BMW’s unified body design for all propulsion types, fearing it might hinder competition with Tesla and Chinese EV manufacturers. Yet, BMW‘s strategy proved successful. […]
With beaches for all tastes, Bahia state in Brazil enchants natives and tourists but the land of Axé offers much more. There are the Chapada Diamantina's waterfalls, Salvador's rich culture, the historical bath in Porto Seguro... and even wineries in the São Francisco Valley! COSTA DAS BALEIAS (WHALE COAST) The cherry on the cake of […]
In Portugal's latest parliamentary elections, right-wing parties saw a notable increase in their representation, expanding from 97 to 135 seats in the Assembly of the Republic. This growth signifies a shift in the nation's political mood and mirrors a broader European pattern of rising right-wing influence. Founded in 2019, Chega secured 48 seats, marking a […]
The Pentagon has embarked on a groundbreaking journey to enhance the U.S. military’s capabilities by focusing on hypersonic technology. In partnership with startups like Castelion, the Department of Defense is driving forward the development of these advanced weapons systems. Castelion, rooted in SpaceX, funded by $14.2M including Andreessen Horowitz, pioneers cost-effective hypersonic missile systems for […]
In December 2022, President Gustavo Petro announced plans to update Colombia's fighter jet fleet, specifically to replace the IAI Kfir C10/12 COA jets with the Rafale CF3. However, the project was soon paused, leaving the future of the fleet's update in limbo. FAC evaluates fixed-wing combat aircraft types, including Air Superiority and Light Attack, as […]
A QuintoAndar/Imovelweb study reports rental price reductions in cities like São Paulo, Rio de Janeiro, Belo Horizonte, and Porto Alegre early in 2024. The survey highlights São Paulo among capitals where rent prices are slowing down. Released on March 11, 2024, the QuintoAndar Imovelweb Rental Index reveals a downturn in new rental agreements across Brazil's […]
A study by Itaú Educação e Trabalho and the Roberto Marinho Foundation reveals 9.8 million Brazilian youths lack basic education. Released Monday (11), the research shows most of these youths (78%) come from low-income families, and 70% are Afro-Brazilian. Specifically, 43% didn't complete elementary school, 22% finished elementary but didn't proceed to high school, and […]
Today’s football excitement includes Barcelona in the Champions League, Neymar’s Al-Hilal in the Asian Champions League, and the Copa do Brasil. Barcelona hosts Napoli at Camp Nou for the second leg of the round of 16. The first game ended 1-1, making a win crucial for both teams to advance. In London, Arsenal aims to […]
Cristiano Ronaldo’s Al-Nassr will not participate in the 2025 Club World Cup due to their Asian Champions League exit, missing qualification. The updated Club World Cup will host 32 teams, with Asia contributing four slots. Current champions Al-Hilal and Urawa Red Diamonds have claimed their places, leaving one spot open through rankings and another for […]
Today’s financial update focuses on Tuesday (12th), a crucial day for economic announcements expected to shape market trends. Brazil is set to reveal its February inflation figures at 9 AM. The figures will likely indicate a rise from January’s numbers, hinting at economic shifts. Predictions from the most recent Focus Bulletin suggest February’s inflation could […]
On Monday, President Lula criticized the country's Central Bank chief, Roberto Campos Neto, for policies slowing Brazil's growth. "The Central Bank president is holding back Brazil's economic progress, delaying job opportunities and wage increases for the people," Lula stated during an interview with SBT television. In 2023, Latin America's largest economy expanded by 2.9%, but […]
On Monday, the Central Bank of Argentina (BCRA) lowered its benchmark interest rate from 100% to 80%. This move reflects the country’s declining inflation rates. The BCRA also deregulated the minimum interest rates for fixed-term deposits in response to the economic climate and liquidity conditions. After a significant price adjustment in December 2023, inflation began […]
Venezuelan President Nicolás Maduro declared on Monday that the country expects to reach an 8% economic growth this year. This forecast holds regardless of any US sanctions. Maduro’s government has crafted a strategy to foster economic expansion without being swayed by the US sanctions policies. “In 2023, we target 8% growth, despite sanctions. Our nation […]
Hamilton Mourão, Brazil's former Vice President and current senator, highlighted the importance of accepting electoral defeat for the country's democracy. In a recent interview, he expressed sorrow over Bolsonaro's resignation and pointed out some supporters' refusal to accept the loss to Luiz Inácio Lula da Silva. This denial led to nationwide protests and violent incidents […]
