The ongoing dispute between the Brazilian government and Eletrobras, Latin America’s largest power company, continues to simmer. President Luiz Inácio Lula da Silva has rejected the repurchase of Eletronuclear shares, complicating efforts to increase state influence in the privatized company. In addition, this conflict stems from the 2022 privatization of Eletrobras under former President Jair […]
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Uruguay Faces Social Security Crisis with Proposed Referendum
Pablo Mieres, Uruguay’s Labor and Social Security Minister, issued a warning on Wednesday. He said the country’s social security system could collapse if a referendum goes through. The PIT-CNT labor union is behind this push. They want to change the system by lowering the retirement age from 65 to 60. This move would reverse a […]
Global Commodity Trends This Week
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Honduras and China start negotiations on free trade agreement
The governments of Honduras and China have initiated negotiations for a Free Trade Agreement (FTA) between the two nations. The launch of the trade initiative follows the recent state visit of Honduran President Xiomara Castro to China, where 17 agreements were signed to enhance exchanges across various socioeconomic sectors. This visit also marked Honduras’s inclusion […]