South Korea says retrieves wreckage of North Korean spy satellite

The Brazilian defense company Avibras is at a crossroads. The firm, known for its missile and rocket launcher technology, is struggling financially. The government and military want to save Avibras from bankruptcy or foreign takeover. Avibras owes about R$600 million ($109 million) and filed for bankruptcy protection in 2022. This led to 420 job cuts, […]

Brazil’s current account deficit decreased to $28.6 billion (1.32% of GDP) in 2023 from the prior year’s $48.3 billion (2.47% of GDP), as reported by the Central Bank. The current account shortfall in December was reported at $5.8 billion, an improvement over the $7.5 billion recorded in the same month a year earlier. This deficit, […]

Elon Musk, Tesla’s CEO, recently pointed out the strong position of Chinese car makers. He believes that without trade limits, they could lead globally. In a Tesla earnings talk, Musk commended the Chinese car industry’s edge. He saw their global success as possible, depending on trade rules. Without these barriers, he noted, Chinese manufacturers could […]