On Thursday, Venezuela’s lawmakers allied with President Maduro passed a law to form a new state on land integrated into Guyana for generations. This legislative move underscores Maduro’s assertion of Venezuela’s governance over the vast 160,000 square kilometers Esequibo region amidst unresolved international legal battles. Importantly, this initiative presently has no direct effect on the […]
Paraguay has unveiled a plan involving the Public Ministry and Judicial Power to halt unauthorized Bitcoin mining that threatens its electrical grid’s quality and stability. The country, known for significant bitcoin mining due to affordable renewable energy, faces electrical strain from the rise of illicit mines. From 2019 to 2024, there have been 60 complaints […]
Italian Prime Minister Giorgia Meloni’s Mattei Plan reveals Italy’s intent to strengthen ties with Africa. Unveiled at the Italy-Africa Summit, this plan aims to diversify energy sources, address migration, and extend Italy’s influence in regions historically under French sway. Russia, China, and, to a lesser extent, Turkey, Iran, Morocco, and Brazil now also eye these […]
SQM is expanding its lithium refinery in Chile’s Atacama Desert with a $490 million project to meet the rising demand for electric vehicle batteries. Despite industry cutbacks due to oversupply and price falls, SQM continues to move forward, opting to increase its stock rather than reduce output. The expansion could make this refinery the world’s […]
In early March 2024, Mexico experienced a rise in inflation, reversing the recent trend of slowing price increases. The National Consumer Price Index (INPC) grew by 0.27% over the last two weeks. According to the National Institute of Statistics and Geography (Inegi), the annual inflation rate reached 4.48% as a result. The news arrived just […]
Bitcoin (BTC) has dropped more than 10% from its recent high, signaling reduced interest in Bitcoin ETFs. Experts at JPMorgan Chase & Co. believe the downturn could worsen. This week, 10 Bitcoin ETFs might record their biggest withdrawal since launching on January 11. At the time of publishing this post, Bitcoin is trading below the […]
PetroChina will soon get Venezuelan oil for its Guangdong refinery, thanks to the U.S. lifting sanctions on Venezuela. This move comes after a period of tension. The shipment is set to arrive over the weekend. Yet, future deals might stop if the U.S. imposes sanctions again. Insiders, who prefer to stay unnamed, shared this. In […]
The United States faced vetoes from Russia and China at the United Nations over its immediate ceasefire proposal in Gaza. This marked a departure from the U.S.’s prior reluctance to endorse ceasefire initiatives. Russia criticized the lack of clear peace terms and immediate ceasefire conditions in the U.S. proposal, suggesting misinformation by U.S. representatives. U.S. […]
In 2023, Brazilian companies experienced a surge in foreign investment, with M&A deals involving 47% foreign participation, a decade high. This rate has steadily grown from 20% in 2020 to 43% in 2022, reaching 58% of the investment value in 2023. Brazil's market appeal grew due to global economic shifts, attracting more international investors, according […]
India is embarking on a journey to redefine its democratic identity by launching a national democracy index. This decision comes after falling in international democracy rankings, leading the government to collaborate with the Observer Research Foundation (ORF). The aim is to create an index that reflects India’s unique democratic values, differing from Western critiques. Amidst […]
A recent survey by Mexico’s authorities shows citizens feel their happiest despite facing security, corruption, and inequality issues. The National Institute of Statistics and Geography (INEGI) found Mexicans’ average mood at 6.6 out of 10 in January 2024, the highest since July 2013. Men reported slightly higher happiness levels than women, with scores of 6.7 […]
In January, over a hundred attendees gathered in a California airplane hangar to witness NASA unveil its X-59 jet. This futuristic aircraft, designed to surpass the speed of sound, has reignited excitement for supersonic travel. Since the Concorde’s last flight in 2003, supersonic jets have been largely military-bound. However, NASA’s X-59 unveiling, a collaboration with […]
Colombia’s President Gustavo Petro has made a striking proposal to the Gulf Clan, urging this notorious drug cartel to negotiate. In Antioquia’s Apartadó, he suggested a shift from illegal operations towards regional prosperity. This marks a pivotal step towards peace, inviting a group linked to paramilitarism into dialogue. The Gulf Clan responded positively, showing a […]
(Opinion) Legally, former President Jair Bolsonaro’s future seems determined. Anticipate more indictments this year, including charges for vaccine fraud, misappropriation of state jewels, and post-election coup attempts. These charges are likely to lead to formal accusations, trials, and possible convictions by the Supreme Federal Court (STF). Bolsonaro’s allies are discussing how to delay or reverse […]
The Brazilian Army, under Brigadier General Marcelo Rocha Lima's leadership, is engaging with India to deepen defense ties. This visit aims to explore collaborative opportunities across various defense technologies, including advanced artillery, drone technology, and cybersecurity measures. The two nations are set to enhance collaboration across several domains: defense, space exploration, energy, including nuclear initiatives, […]
This Friday’s briefing reveals a quiet end to the week, with no major economic announcements on the horizon. This scenario echoes the calm of the previous day, indicating the market has digested the latest updates from the Federal Reserve and Brazil’s Monetary Policy Committee. A key event is Sabesp’s (SBSP3) post-earnings call, discussing Q4 results. […]
Today's highlight in soccer includes São Paulo's women's team facing Ferroviária in the Brazilian Women's Championship and Argentina taking on El Salvador in a friendly match. The day's schedule features various international friendly matches, notably Spain vs. Colombia and Argentina vs. El Salvador, along with games in the Uruguayan Championship. Here's where you can catch […]
Brazil's Central Bank is planning more interest rate cuts in 2024. JPMorgan and UBS BB, two big banks, see these cuts differently. Yet, both agree on the general economic trend. JPMorgan sees three cuts coming. First, they expect two cuts of 0.5% each. Then, they see one more cut of 0.25%. They believe the final […]
The European Union is moving forward to integrate Bosnia and Herzegovina as a member state, initiating talks following a formal endorsement. If Bosnia and Herzegovina joins the EU, it would be one of the first countries with a significant Muslim population to do so. This development comes six years after Bosnia and Herzegovina‘s initial application […]
On Thursday, March 21, the Bank of Mexico (Banxico) announced a key interest rate cut, its first in three years. This decision comes as the country experiences a deflationary phase yet faces persistent inflation risks. The Governing Board, consisting of five members, agreed to lower the overnight interbank interest rate by 25 basis points to […]
In early 2024, Brazil set a new record by gathering 467.158 billion reais (about $93.860 billion) in taxes. This is an 8.82% rise over the prior year's same span. Such an increase establishes a fresh high, says Receita Federal, the tax authority. This success points to the sturdy economy of Latin America's biggest country. Under […]
The Central Bank of Uruguay (BCU) disclosed that Uruguay experienced a modest expansion, registering a growth rate of 0.4 percent over the course of the year 2023. This modest growth comes despite the significant challenge of a severe drought. The BCU’s Report links growth to 2023’s tourism, a new pulp mill, and better 2023/2024 agricultural […]
The sugar surplus on the global stage is predicted to expand beyond initial expectations for the 2023-24 cycle, StoneX reports. Key recoveries in India and Thailand's sugar production towards the end of their harvest periods have led to this upward revision. StoneX estimates the global sugar output will exceed demand by 3.88 million metric tons, […]
On Thursday, the US dollar saw a slight uptick against the Brazilian real, closing up by 0.11% at R$4.9797. This mild increase came even as the dollar strengthened globally. Investors reacted to the Brazilian Central Bank’s cautious tone in its recent monetary policy announcement. The dollar’s rise to R$4.9797 came amidst a broader 0.80% increase […]
The upcoming 2023-2024 season forecasts global coffee production at 178 million 60kg bags. Arabica beans will contribute 57.4% of this figure, totaling 102.2 million bags. Robusta and Conilon varieties are expected to account for the remaining 42.6%, or 75.8 million bags. This detailed forecast spans from October 2023 through September 2024. This projection suggests a […]
