On May 2, 2024, El Salvador made history by inaugurating its first embassy in Riyadh, Saudi Arabia. This pivotal event marked El Salvador as the first Central American country to establish a diplomatic presence in the kingdom. The ceremony was attended by notable figures including El Salvador’s Foreign Minister Alexandra Hill and the Saudi Ambassador […]
Related Posts
Peru Investigates Ex-President Vizcarra for Corruption
Peru is probing ex-President Martín Vizcarra for suspected corruption. Reports had earlier indicated the arrest of his alleged corrupt associates. Vizcarra, in office since March 2018, was impeached by Congress in November 2020 over alleged favoritism towards construction firms. These serious allegations point to potential power abuses during his public service. After his removal, Vizcarra […]
Petrobras will team up with UAE fund Mubadala for research
Petrobras will team up with UAE fund Mubadala to study bio-refining and renewable fuels. The deal involves MIC Capital Partners, owned by Mubadala. The goal is to help Petrobras in bio-refining projects. Jean Paul Prates, the CEO, supports the deal. He said it helps Petrobras aim for a sustainable future. Last year, Petrobras sold its […]
Latin American Currencies Surge Amid Global Upswings
Emerging market currencies are having a strong week, thanks mostly to Latin American money. European currencies trimmed losses this Friday. Brazil, Colombia, and Mexico saw their currencies rise. These countries offer high interest rates, attracting risk-friendly investors. These gains follow new U.S. inflation data and signs of a stable economy in China. In contrast, Peru’s […]