Iraq and Kuwait took steps on Sunday to establish the final demarcation of their borders, created by the United Nations three years after the 1990 Gulf War. However, even after 30 years, the maritime boundary between the two countries remains a point of contention. During the visit of Kuwaiti Foreign Minister Salem Abdullah Al Jaber […]
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Brazil’s Central Bank Slashes Selic Rate
Under the Monetary Policy Committee’s (Copom) decision, Brazil’s Central Bank has made a significant move by reducing the Selic rate. On December 13, 2023, the rate was cut by 0.5 percentage points, a notable fourth consecutive reduction. This adjustment brought the base rate from 12.25% to 11.75%, the lowest since May 2022. This decision marks […]