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Ibovespa Gains Amid Strong Results from Itaú and Vale
On the first day of Copom meetings, the Ibovespa closed up 0.58% at 129,210 points, despite mixed results from New York’s markets. The commercial dollar dipped 0.12% to R$5.06, while futures interest rates dropped across the curve, highlighting a positive day for Brazil. Analysts predict a small reduction in the Selic rate by 0.25% to […]
Colombia’s Workforce Overhaul: Promises and Pitfalls of New Labor Laws
President Gustavo Petro’s proposed labor reform in Colombia has ignited fierce debate across various sectors. The reform aims to bolster workers’ rights and stimulate economic growth, but critics warn of potential negative consequences. Key changes include increasing overtime pay for Sundays and holidays from 75% to 100%. Additionally, the start of the night shift has […]
Strained Pakistan-Afghanistan relations due to cross-border activities and conflicts between armed groups
Pakistan and Afghanistan’s relationship has seen recent strain over alleged cross-border activities. The Pakistani Army has raised concerns about Afghanistan-based armed groups targeting its forces. This concern centers around the supposed freedom these groups, including the proscribed Tehreek-e-Taliban Pakistan (TTP), have in Afghanistan, a claim the Afghan Taliban government denies. Tensions have been inflamed since […]