In March 2024, Brazil's federal revenue hit a record R$190.6 billion ($37.37 billion), the highest since 1995. This 7.22% real increase from the previous year highlights a strong economic strategy supported by effective tax management. The Federal Revenue Service managed this success by overseeing collections totaling R$660.85 billion ($129.57 billion) in the first quarter. This ..read more

On Tuesday, the Chicago Board of Trade (CBOT) witnessed significant spikes in the prices of key staples like wheat and corn. This surge is primarily driven by the anticipation of reduced global supplies due to severe drought conditions affecting major producers such as Russia and the United States. The situation has grown more complex due ..read more

In early 2024, Brazil's international air travel industry achieved impressive growth, with a 23.5% surge in international passenger traffic. This spike was most evident in March, as nearly 2 million travelers flew internationally, marking a 20.8% increase from the previous year's 1.6 million. March also saw a significant rise in flight operations, with an addition ..read more

In a compelling press briefing this Tuesday, President Luiz Inácio Lula da Silva openly challenged the financial pressures dominated by the U.S. dollar. The event tackled upcoming shifts in Brazil’s Central Bank leadership and key fiscal strategies, highlighting a crucial phase in Lula's leadership. Lula sharply criticized the retiring Central Bank President, Roberto Campos Neto ..read more

For the first time, Brazil’s economy is set to grow over 2% in 2024, indicating a positive economic shift, according to market participants. On April 23, 2024, the Central Bank’s Focus Bulletin reported Brazil’s GDP is expected to grow by 2.02%. This milestone shows revived market confidence in Brazil’s economic resilience and potential. However, this ..read more

For the first time, Brazil’s economy is set to grow over 2% in 2024, indicating a positive economic shift, according to market participants. On April 23, 2024, the Central Bank’s Focus Bulletin reported Brazil’s GDP is expected to grow by 2.02%. This milestone shows revived market confidence in Brazil’s economic resilience and potential. However, this ..read more

Venezuela, faced with mounting international sanctions, is now turning to cryptocurrency for oil trading, according to local media. This represents a significant shift away from the traditional financial systems that the U.S. dollar dominates. Moreover, the country’s move seeks to avoid the economic barriers, particularly those set by the United States amid geopolitical strife. Therefore ..read more

Usiminas, a major player on Brazil's Ibovespa stock index, saw a sharp 10% drop in its shares after releasing first-quarter results for 2024. Located in Belo Horizonte, Brazil, the group is a pivotal steel producer in Latin America, significantly influencing the region's economic landscape. Despite showing strengths in its steel division due to cost efficiencies ..read more

In response to the escalating terrorism in the Sahel, African leaders convened at a recent summit to advocate for stronger regional security cooperation. They proposed the creation of a new military force comprising several West African nations. This move is driven by the realization that the traditional reliance on Western allies such as the US ..read more

Amidst the ongoing Ukraine conflict, the United States has escalated its sanctions against China, aiming to limit Russia’s military capabilities. This comprehensive strategy involves sanctioning individuals, companies, and financial institutions across China, Turkey, and the UAE. The targeted entities are accused of supporting Russia’s military and technological efforts, including Chinese companies that have been supplying ..read more