Nubank, Brazil’s digital banking giant with over 100 million customers, has set its sights on the telecom industry. The fintech company unveiled NuCel, a new mobile phone service, in partnership with Claro Brazil. This move marks Nubank’s first major venture outside the financial sector, potentially shaking up the telecom market. NuCel aims to simplify mobile […]
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Ready for some robo-relaxation at the gym or your next hotel stay?
Imagine this scenario. You’ve just finished a grueling workout at the gym or checked into a swanky hotel. Your muscles are aching, and all you want is a good massage. But instead of booking a session with a human masseuse, you’re directed to a high-tech pod that promises to knead away your stress using artificial […]
Brazil’s IPCA-15 CPI records deflation in July, year-over-year increase at 3.19%
In July, the National Broad Consumer Price Index-15 (IPCA-15), an early measure of Brazil’s official inflation, saw a deflation of 0.07%, the Brazilian Institute of Geography and Statistics (IBGE) reported. This followed a marginal increase of 0.04% in June. For comparison, in July 2022, the IPCA-15 rose by 0.13%. The July deflation was lower than […]
Angola’s $7.8 Billion Oil Sector Expansion
Angola’s oil industry is embarking on a major expansion with three contracts totaling approximately $7.8 billion, as mentioned in the Jornal de Angola. These agreements, involving the National Agency for Petroleum, Gas and Biofuels (ANPG), Azule Energy, Sonangol, and Equinor, focus on the Lower Congo Basin’s oil exploration. This move is a significant step towards […]