Recently, the Brazilian Ministry of Defense organized a key meeting to discuss the Defense Industry Dialogue (DID) with the Czech Republic. Their aim was clear: to deepen trade ties and bolster defense cooperation. At this event, defense groups and companies from both countries showcased their strengths. They aimed to spark technological and commercial exchanges. The […]
Related Posts
Venezuela plans to maintain oil production at 1 mb/d by the end of the year
Venezuela’s Minister of Oil, Pedro Tellechea, announced the nation’s goal to maintain oil production at over a million barrels per day (mb/d) by the conclusion of 2023. Tellechea also mentioned that the US-based Chevron Corporation is already operational in Venezuela and its oil production is progressing as per their plan. The minister further noted that […]
OPEC+ Aims to Extend Oil Production Cuts Through 2025
OPEC+, a coalition led by Saudi Arabia and Russia, is formulating a significant plan, sources tell Reuters. The proposal aims to extend major oil production cuts until 2025. This decision arises amid fluctuating oil supplies and economic uncertainties worldwide. Since 2022, OPEC+ has reduced oil output, addressing the surplus from heightened production in the U.S. […]
Economic Balancing Act: Rate Hikes Across Africa
Central banks across Africa, including Kenya and Nigeria, have raised interest rates to fight inflation and stabilize their economies. Nigeria’s rate hit 18%, aiming to reduce high inflation after several hikes since 2022. This move intends to make loans pricier and encourage savings, impacting living costs and goods’ affordability. Kenya surprised many by boosting its […]