In a Tuesday session marked by volatility, the US dollar maintained stability against the Brazilian real, reacting to robust US job market data yet ending with negligible changes. The commercial dollar settled at R$4.945, showing no significant movement. The spot dollar, in contrast, saw a minor decline of 0.11%, closing at R$ 4.9462. Despite this, […]
Related Posts
China’s $47 Billion Bet to Dominate the Global Chip Market
China has launched a $47 billion semiconductor fund, the largest in a series to boost its chip sector. The China Integrated Circuit Industry Investment Fund Phase III aims to counter U.S. restrictions on advanced technology access. The first fund phase began in 2014 with 138.7 billion yuan ($19.2 billion). The second phase followed five years […]
Illegal Mining Spreads in Brazilian Amazon
A new MapBiomas study finds 41% of Amazon’s mined areas were developed in the last five years. Illegal mining in Brazil increased by 35,000 hectares in 2022, with the Amazon holding 92%. National parks and indigenous lands are particularly affected. MapBiomas reports that mining has taken place in these areas for over 20 years. However, […]
Trump and Musk’s Growing Bond: What It Means
Donald Trump is considering an advisory role for Elon Musk if he wins the White House in November. This growing relationship could give Musk more influence in the public sector. Musk’s SpaceX already leads private launch services for NASA and the Pentagon. Additionally, it is the largest private satellite carrier. In early March 2024, Trump […]