Economy
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ECONOMY
Widening Wealth Gap: Brazil’s Elites Grow Richer, Faster
In Brazil, the rich are getting richer at an alarming rate, outpacing the general population and challenging President Lula's commitment…
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ECONOMY
Brazil May Fall Short of Achieving Fiscal Targets in 2024
As 2024 unfolds, Brazil confronts a significant fiscal challenge, with the federal audit court projecting a primary deficit of 55.3…
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ECONOMY
Panama Canal’s Drought Crisis to Affect Global Trade
A devastating drought in Panama has led to a 36% reduction in ship crossings through the vital Panama Canal. This…
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ECONOMY
Venezuela’s Oil Production Rises, Aiming Beyond a Million Barrels in 2024
Venezuela's oil production increased to an average of 783,000 barrels per day in 2023, marking a 9.3% rise from 2022,…
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ECONOMY
Dominican Republic Trials Innovative Four-Day Workweek Model
The Dominican Republic is set to pilot a groundbreaking six-month program for a four-day workweek, the first in the Caribbean,…
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ECONOMY
Venezuela’s Maduro Projects 8% Economic Growth in 2024
In his annual address, Venezuelan President Nicolas Maduro announced an optimistic economic growth forecast of 8% for 2024, marking a…
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ECONOMY
Argentine Cabinet Gathers for Pre-Davos Barbecue
Before President Javier Milei's Davos Forum trip, Argentina's cabinet ministers convened for a meeting, followed by a communal barbecue at…
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ECONOMY
Argentina Inflation Surges Past 210%, Challenging Milei’s Government
In 2023, Argentina faced a staggering 211.4% annual inflation rate, the highest since the 1989-1990 hyperinflation era. President Javier Milei's…
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ECONOMY
Mexican Stock Market’s Slow Start to 2024 Amid Mixed Signals
The Mexican Stock Exchange (BMV) experienced a marginal 0.03% decline in its key index, the IPC, settling at 56,175.67 points…
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ECONOMY
Brazil’s Visa Reversal: Tourist Visa Requirements for U.S., Australia, and Canada Delayed Again
Brazil has again postponed reintroducing tourist visa requirements for U.S., Australian, and Canadian citizens. This policy reversal follows former President…
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