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Venezuela’s Industrial Sector Eyes 10% Growth in 2024
The Venezuelan Confederation of Industrialists (Conindustria) forecasts a potential 10 percent growth for the industrial sector in the upcoming year, contingent on the continuation of eased U.S. sanctions against Venezuela. Luigi Pisella, the president of Conindustria, shared with local broadcaster Unión Radio that the industry is anticipating growth. “With the current scenario of eased sanctions, […]
El Salvador’s Prisoners Triple, Tops U.S. Rates
El Salvador now has about 100,000 prisoners, says the Security Ministry. This spike follows President Nayib Bukele’s steps against gangs. Since March 2022, police have arrested over 72,600 people for suspected gang links, says Justice Minister Gustavo Villatoro. The country jailed 1.6% of its 6.3 million residents. This is three times higher than the U.S., […]
Dollar’s Decline Linked to U.S. Labor Market and Global Commodity Trends
In a volatile trading session, the U.S. dollar experienced slight fluctuations against the Brazilian real, closing at R$5.6397, reflecting a minimal 0.01% decline. This minor adjustment caps a day marked by global economic cues and commodity price shifts, with a particularly keen focus on the U.S. labor market’s latest data. The dollar’s journey throughout the […]