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Ethiopia imposes state of emergency over possible militia uprising
Ethiopia’s central government declared a state of emergency following weeks of escalating tensions and conflicts with Fano, a militia previously allied with the federal army, in the Amhara region (northwest). The government cited the illegal activities of these armed groups as a threat to law and order in the region and an obstacle to ensuring […]
Surge in Global Cargo Theft Amid Rising Costs; Latin America Most Affected
In 2023, cargo theft rates surged worldwide, particularly in Latin America where Mexico, Brazil, and Argentina reported the highest incidents. According to TT Club and BSI Screen Intelligence, inflation has notably driven the increase in thefts, especially of food and beverages. Violent thefts involving cargo vehicles became more frequent in Chile, Colombia, Argentina, and Peru. […]
Rising Oil Prices Put Petrobras in a Bind
Oil prices reached a yearly peak of $97.69 per barrel this Thursday, the highest rate since last August. In response, Brazil’s state-run oil firm Petrobras faces pressure to adjust fuel prices. According to industry data, Petrobras’ gasoline price is 8% lower than global rates. This difference equals about 27 Brazilian cents per liter. Diesel, the […]