Roberto Campos Neto, President of the Central Bank of Brazil, emphasized on Friday that Brazil's economy still significantly depends on the US dollar. This statement came despite government strategies initiated in the early 2000s aimed at reducing foreign debt and boosting domestic borrowing. During a lecture organized by the International Monetary Fund, Campos Neto highlighted […]
In early 2024, Cape Verde's economy brightened with an 11% rise in the Tourist Price Index (IPT) from the previous year. The INE attributed this rise primarily to the thriving hotel, cafe, and restaurant sectors. Meanwhile, sectors like vehicle rentals and entertainment saw a decrease in activity by 7.8%, showing a shift in consumer preferences. […]
Angola is spearheading a major international effort to recover nearly $1.9 billion tied to Carlos São Vicente, a businessman with Portuguese-Angolan roots. Helder Pitta Grós, the nation's Attorney General, launched this campaign after a strategic Public Prosecution Service meeting. He announced the initiative to tackle corruption and economic crimes. São Vicente, son-in-law of Angola’s first […]
In Brazil's lush sugarcane fields, a sustainable revolution in aviation fuel production is rapidly gaining significant momentum. This movement positions Brazil to become a global leader in sustainable aviation fuel (SAF) production. The United States has embraced Brazilian ethanol, incorporating it into the first SAF plant operated by LanzaJet in Georgia. Brazilian mills like São […]
After ending a long drought with great weather, Argentine corn farmers started this season hopeful for a bountiful harvest. They aimed to boost President Javier Milei's efforts to revive the struggling economy. Yet, their optimism now faces a challenge due to an outbreak of green leafhoppers, known locally as 'cigarrinha verde.' These insects transmit spiroplasma, […]
On March 19, the National Confederation of Industry (CNI) released a survey showing a March increase in industrial production and continued job growth in the sector. Big and medium-sized companies increased their production last month. The production indicator rose to 51.0 points, up 2.5 points from February's 48.5 points. Job growth is also strong. The […]
Today’s football highlights include matches from the Saudi Championship, various European leagues, and League One. Below are the times and channels where you can watch today’s football matches live: Spanish Second Division 3:30 PM – Tenerife vs Leganés – Star+ Uruguayan Championship 3:30 PM – Liverpool-URU vs Defensor Sporting – Star+ Italian Championship 3:45 PM […]
In 2023, Brazil's average monthly household income per capita saw a notable increase of 11.5%, rising to R$1,848 ($352). This update, provided by the Brazilian stats agency IBGE on April 19, 2024, marks the highest income record since the statistical series began in 2012. Total income for households reached R$398.3 billion ($75.87 billion), up 12.2% […]
Under the leadership of President Santiago Peña, Paraguay has taken a decisive step to bolster its internal security with the inauguration of a new Joint Task Force (FTC) outpost in the Canindey Department. This move is designed to intensify the fight against the illegal trafficking of drugs and weapons, addressing a critical challenge facing the […]
Codelco, a state-owned leader in global copper supply from Chile, faces a dip in production this month due to a fatal accident at the Radomiro Tomic mine. This mine has seen the most substantial drop in production in 25 years. During an interview in Santiago, Chile’s Mining Minister, Aurora Williams, stated that April’s copper output […]
Recent innovations in lithium-ion battery technology have led to significant improvements in both the lifespan and efficiency of these essential components in many of today’s electronic devices. Researchers have developed a new charging method that utilizes high-frequency pulses, a technique that contrasts sharply with traditional steady-current charging. This innovative approach minimizes battery stress, enhancing overall […]
Recent satellite images have consistently shown two Chinese warships at Cambodia's Ream Naval Base, sparking discussions about the enduring nature of China's military involvement in the region. The People's Liberation Army Navy (PLAN) corvettes, stationed primarily at a new pier, indicate a potential permanent deployment. The analysis from the Center for Strategic and International Studies […]
The crypto community is buzzing with anticipation as the fourth Bitcoin halving approaches on Friday, April 19. Set for around 10:30 PM Brasília time, this pivotal event will slash the issuance rate of Bitcoin, the premier cryptocurrency, by half. Bitcoin halving, a fundamental mechanism occurring every four years, cuts the mining rewards of Bitcoin in […]
José Raúl Mulino, leading Panama’s presidential race, has vowed to close the Darién Gap, a notorious and dense jungle corridor that serves as the only land route between Colombia and Panama. In recent years, this area has become a critical path for migrants, particularly those escaping economic struggles in Venezuela. Others journey from distant regions […]
In a striking statement on Thursday, former Brazilian President Jair Bolsonaro voiced concerns about Brazil teetering on the brink of dictatorship. He shared this sentiment through a video posted on social media, rallying supporters to convene in Copacabana for a Sunday morning demonstration. Bolsonaro's call to action was spurred by a sense of urgency over […]
As the week drew to a close, Friday mirrored Thursday’s calm, lacking impactful economic data to stir the financial markets. Despite the day’s quietude, the Brazilian stock market, B3, remained a focal point due to the Ibovespa’s persistent decline. On the previous day, the index scraped by, barely maintaining stability and closing almost unchanged. During […]
On Thursday, April 18, 2024, Israeli airstrikes targeted Iran following a drone and missile attack on April 13. At 9:30 PM Brasília time, drones were detected over Isfahan, Iran, but the damage has not been fully assessed. Explosions were heard near Ghahjaworstan, 340 km from Tehran, near major nuclear sites like Natanz. The Fars News […]
Oil futures experienced a slight decline on Thursday, reflecting the markets’ subdued response to the ongoing tensions in the Middle East. Despite the potential for escalations, particularly from Israel, the week passed without any new significant developments that might worsen the situation. On the New York Mercantile Exchange, June delivery West Texas Intermediate (WTI) decreased […]
The Brazilian orange market is currently experiencing significant stress due to a combination of disease, climate change, and market dynamics. This has led to a noticeable impact on both domestic and global orange juice supplies. In São Paulo, the traditional heart of Brazil's citrus production, orange and orange juice prices have soared by nearly 40% […]
As the sun rose on Thursday, the financial world watched closely as the U.S. dollar resumed its ascent, settling at R$5.25. This modest increase signaled a continuing trend influenced by speculative insights into interest rates across the United States and Brazil. Investors scrutinized every bit of data, dissecting the potential shifts that could impact their […]
The Ibovespa, Brazil’s primary stock index, narrowly avoided a seventh straight day of losses by closing slightly higher, marking a marginal increase of 0.02%, to settle at 124,196 points. This small rise followed a dip to its lowest point of 2024 earlier in the day at 123,396 points. Concurrently, the Brazilian Real appreciated slightly by […]
Haiti is demanding billions of dollars from France as compensation for payments made by the island’s ancestors in exchange for independence. Around 20 Haitian NGOs are actively pursuing this claim at the United Nations Permanent Forum on People of African Descent in Geneva. They are advocating for the establishment of an independent commission to oversee […]
During this week, a pivotal moment unfolded at NATO headquarters as Argentine Defense Minister Luis Petri met with Secretary-General Mircea Geoana. With a determined handshake, Petri delivered Argentina’s formal request to join the ranks of NATO's global partners. This marked a significant stride in Argentina's quest to align its military capabilities with international standards. Argentina's […]
In March 2024, Brazil welcomed a record-setting 740,483 international visitors, surpassing all previous records since 1989. This marked a slight 1.6% increase over the 2018 record of 728,742. Comparatively, this figure was 28.8% higher than March 2023’s 577,215 visitors and 21.1% more than just before the pandemic in March 2019. The surge reflects Brazil's successful […]
