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Brazil’s Fight Against Usury Compared to Developed Nations
In March 2024, Brazil saw credit card interest rates soar to an annual peak of 421.3%, as reported by the Brazilian Central Bank. This report highlights the ongoing challenges within Brazil’s credit industry where rates reached as high as 442.1% annually. Amidst this volatility, the total credit market expanded to R$5.873 ($1.1) trillion, a 1.4% […]
Cuban economy recovering slower than desired, government says
Cuba’s economy is recovering more slowly than anticipated, as per Alejandro Gil, the Cuban Economy Minister. Despite a 1.8% growth in the gross domestic product (GDP) in 2022, which fell short of the projected 4% growth, the improved figures have not significantly elevated living standards. Gil acknowledged that growth has been uneven across different sectors. […]
Brazil Acts Against Suspected Hezbollah Activities with Key Arrest
Recently, the Brazilian Federal Police apprehended Abdulmajid in Rio de Janeiro on suspicions of recruiting for Hezbollah in Brazil. The arrest was part of Operation Trapiche. This operation aimed to reveal key players in these recruitment activities. Abdulmajid, originally from Syria, became a Brazilian citizen after moving to Brazil in 2008. His first arrest in […]