In the first quarter of 2024, passenger traffic between Brazil and the U.S. grew significantly. Latam and Delta Air Lines, in their joint venture that began in October 2022, transported 434,000 travelers between January and March. This number marked a 43% increase compared to the same period in 2023, accounting for 32% of all air […]
Argentina recently halted direct flights to Havana, indicating major policy shifts in aviation and foreign relations. Influenced by economic factors and strategic alignments, this decision ended services by Aerolíneas Argentinas and Cubana de Aviación on the route. Aerolíneas Argentinas pointed to substantial losses exceeding $500,000 in 2023 as the main reason for discontinuation. Concurrently, concerns […]
A diplomatic rift emerged when Brazil delayed authorizing the Uruguayan Air Force’s (FAU) emergency response to the catastrophic flooding in Rio Grande do Sul. FAU mobilized a Bell 212 helicopter and Hercules KC-130H aircraft carrying Zodiac boats and drones to assist. Despite this, Brazil stalled for nearly four days before allowing a flight transporting only […]
Austria’s Economy Minister, Martin Kocher, pushed for stronger economic ties with Brazil amid EU-Mercosur trade talks. While Austria’s 2019 law mandates opposition to this treaty, Kocher still sees potential for direct bilateral trade ties with Brazil. During his visit, he emphasized opportunities to improve import-export channels between the two nations. Both countries, he argued, can […]
In a remarkable turnaround, Carrefour, the retail behemoth that includes Atacadão and Sam’s Club, soared to a net profit of R$ 39 million ($7.65 million) in the first quarter of 2024. This reversal marks a significant shift from the substantial loss experienced in the previous year. This recovery sprang from increases in both gross sales […]
In the bustling world of logistics, JSL (JSLG3) emerges as a paragon of growth and efficiency. The first quarter of 2024 marked a significant milestone for the company, showcasing a net profit increase of 25.4% to R$33.6 million ($6.59 million). This leap forward was a result of strategic enhancements in operational efficiency, savvy capital management, […]
The Philippines, increasingly concerned about rising tensions in the South China Sea, is bolstering its defenses through strategic military drills and policy shifts. During the annual Balikatan exercise, 16,000 American and Filipino troops practiced coastal defense at the La Paz Sand Dunes. They simulated neutralizing an invading force using M-777 howitzers and 105 mm artillery […]
Auren, a beacon in renewable energy, unveiled a notable 10% surge in first-quarter profits, reaching R$ 253.6 million ($49.7 million). This uplift was fueled by rising energy prices, a direct consequence of the scant rainfall impacting Brazil’s energy scene. In such an environment, Auren’s savvy trading strategies capitalized on market volatility. The company’s EBITDA witnessed […]
Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) is strategically aiming for a supermajority in the upcoming general elections. The party seeks to win 400 out of 543 Lok Sabha seats, which would grant them unprecedented legislative power. Recent electoral successes in critical states have bolstered Modi’s position, driving the BJP’s campaign ambitions further. To […]
In Chad’s presidential election on May 6, 2024, Mahamat Idriss Deby, interim leader and son of former President Idriss Deby, secured a victory that extended the family’s decades-long rule. This election was the first since the military junta formed in 2021 following his father’s death. Despite calls for transparent civilian rule, international observers criticized the […]
In a bold move, Zeekr, a subsidiary of China’s Geely Auto, is making headlines with its upcoming U.S. IPO, aiming to raise over $1 billion. This significant step marks the largest U.S. listing by a Chinese company since 2021. It also signals Zeekr’s ambitious plans to expand and compete globally, especially against giants like Tesla. […]
As the sun rises over Brazil this Wednesday, the nation’s financial community anxiously awaits the Central Bank’s announcement. The Committee for Monetary Policy (Copom) is set to reveal the new basic interest rate, the Selic. Amid a bustling stock market’s closing hours, there is talk of a modest 0.25 percentage point cut, signaling a cautious […]
Two Brazilian football stars make headlines in the European transfer market, sparking excitement among fans and analysts alike. Vitor Roque of Barcelona might move to Tottenham Hotspur due to limited playtime in Spain. Previously with Athletico Paranaense, he seems poised to replace Richarlison, who has caught the eye of Saudi Arabian clubs. Roque’s agent, André […]
In the lively atmosphere of Defensores del Chaco Stadium, Corinthians secured a strategic 2-0 win over Nacional-PAR. This victory bolstered their Copa Sudamericana campaign on Tuesday. With goals from Yuri Alberto and Matheuzinho, the Brazilian team earned crucial points. They now hold second place in Group F with seven points, trailing Racing-URU. Corinthians seeks to […]
(Analysis) In his third term as President of Brazil, Luiz Inácio Lula da Silva has aggressively prioritized foreign policy. His goal is to enhance Brazil’s stature on both global and regional stages. His efforts, however, have revealed the complex dynamics of South American politics and the challenging path to leadership. From the outset, Lula aimed […]
As global focus on human rights and freedom of expression grows, the U.S. House’s Global Human Rights Subcommittee has acted decisively. They reached out to the Organization of American States (OEA), probing serious allegations of human rights abuses in Brazil centered around censorship. Spearheading this effort, Republican Congressman Chris Smith issued a letter on May […]
(Analysis) Renewable energy and electric vehicles are reshaping global markets, driving a major shift in mining towards strategic minerals. Elements like copper, nickel, and lithium become fundamental for new technologies that propel the energy transition. Amid this backdrop, BHP’s massive $39 billion offer for Anglo American initiates a potential wave of mergers and acquisitions. Aiming […]
UBS recently elevated Vale’s rating from ‘neutral’ to ‘buy,’ signaling a brighter outlook for the mining heavyweight. Accordingly, they’ve increased the target price for Vale’s ADRs from $13 to $15. As of midday in Brasília, Vale’s shares had climbed by 1.22% to R$64.96; the ADRs, even more notably, jumped by 1.99% to $12.84. This positive […]
OpenAI recently launched an innovative AI tool designed to spot deepfake images, boasting a remarkable 98.8% accuracy. Uniquely, this tool leverages training from its DALL-E 3 model and is available to selected misinformation researchers. Furthermore, its impressive precision makes it an effective tool against digital misinformation. Additionally, OpenAI’s initiatives aim to bolster the authenticity of […]
Uruguay, a small yet vibrant nation, has consistently shown remarkable economic resilience. As April concluded, economic activity saw a 0.3 percent increase, marking seven months of continuous growth. This trend is a welcome sign, indicating sustained progress despite past challenges. The upward trend started last fall, amidst various global and regional difficulties. The year 2023 […]
In the first quarter of 2024, Brazil experienced record-breaking foreign tourist spending and visitor numbers. According to the Ministry of Tourism, 740,483 international visitors brought in $2.06 billion, surpassing all previous records since 1995. International tourist numbers increased by 28.8% compared to the first quarter of 2023. They exceeded the previous high of 728,742 visitors […]
