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In the vast waters of the South China Sea, a significant conflict brews over the region’s abundant oil and natural gas resources. This area, crucial for global trade, contains approximately 11 billion barrels of oil and 190 trillion cubic feet of natural gas. It draws intense interest from bordering nations like Vietnam, the Philippines, and […]
Eve Air Mobility establishes first eVTOL production facility in Brazil’s São Paulo state
Eve Air Mobility, a subsidiary of Embraer, has disclosed plans to establish a production facility for their electric vertical take-off and landing vehicles (eVTOLs), colloquially known as ‘flying cars’, in Taubaté, São Paulo. The announcement coincided with the 150th birthday of aviation pioneer Santos Dumont. The company plans to utilize and expand an existing Embraer […]
Brazil’s Industry Optimism Reaches New Heights
January saw a notable surge in Brazilian industry confidence, highlighting improvements in both present and future business prospects. The Getúlio Vargas Foundation (FGV) reported this upswing on Monday (29). The Industry Confidence Index (ICI) rose by 1.8 points to 97.4, marking its fourth consecutive increase. This level is the highest since August 2022, when it […]