In the first quarter of 2024, Vale, a titan in Brazilian mining, unveiled a notable 6.1% growth in iron ore output, reaching 70.837 million tons. This increment contrasted with a 20.8% dip compared to the final months of 2023. Vale’s sales narrative tells of a robust 63.826 million tons of ore sold, marking a 14.7% […]
Related Posts
Latam Brasil Ramps Up Domestic Flights Amid Travel Demand Boom
Latam Brasil is set to boost its domestic flights by 20% on 28 routes starting in April. This move, introducing 165 extra flights weekly, targets the surging travel demand within Brazil. Beyond São Paulo and the Federal District, the hubs of Latam in Brazil, the most significant increases are in Rio de Janeiro and Espírito […]
Italy Targets Corporate Taxes to Bridge $10 Billion Budget Gap
Italy’s government faces a challenging task as it seeks to increase tax revenue from companies. The administration aims to collect an additional €4 billion ($4.36 billion) by adjusting tax thresholds and removing certain deductions for businesses. This move comes as Finance Minister Giancarlo Giorgetti and his team work to address a €9 billion ($10 billion) […]
Saudi Strategy Upends Oil Prices
Global oil prices dropped sharply on Monday, largely due to Saudi Arabia’s decision to slash oil prices for some countries. Saudi Aramco, the state oil firm, significantly impacted market trends, overshadowing earlier geopolitical tensions. West Texas Intermediate (WTI) crude for February 2024 fell by 4.12% on the New York Mercantile Exchange, closing at $70.77 per […]