StoneCo (STOC31) reported a 90% rise in its adjusted net profit for Q1 2024, driven by a surge in processed payments. Stone leads as a Brazilian fintech company. It provides payment processing solutions and financial services. The company achieved an adjusted net profit of R$ 450.4 million ($87.48 million) for the quarter ending in March. […]
Related Posts
Costa Rica’s Tourism Boom: Economic Gains and Housing Woes
Costa Rica, a jewel of biodiversity and natural beauty, faces a complex challenge. Its tourism industry, a vital economic pillar, is booming. In the first half of 2024, over 1.5 million tourists visited, marking a 14.5% increase from the previous year. This growth, while economically beneficial, has strained the local housing market, particularly in tourist […]
Beirut Drone Strike Kills Hamas Leader, Heightening War Tensions
A drone strike in Beirut’s Dahiyeh neighborhood, a Hezbollah stronghold, killed Saleh al-Arouri, the deputy chief of Hamas, and left six people dead. Hamas condemned the attack as Israel’s “cowardly assassination.” Al-Arouri was a key Hamas figure and a founder of its armed wing. He lived in exile in Lebanon after an Israeli imprisonment. Israeli […]
Brazil’s Strategic Investment in its Naval Forces
In 2024, the Brazilian Navy commissions the Humaitá (S41), the second Riachuelo-Class submarine, marking a milestone in its PROSUB. This achievement follows rigorous maintenance and testing phases, underscoring Brazil’s commitment to enhancing its naval capabilities. The Humaitá underwent RANAE maintenance, meticulously handled by Itaguaí Construções Navais (ICN) in collaboration with France’s Naval Group. This detailed […]