500 days into the war, and Ukraine stays alive

Nunes Secures Bolsonaro’s Support in São Paulo Mayoral Runoff

Ricardo Nunes, the incumbent mayor of São Paulo, has confirmed an event with former President Jair Bolsonaro for October 22, 2024. This marks a significant change in their relationship as the mayoral race enters its final stretch. Nunes praised Bolsonaro as “the greatest right-wing leader in our country,” emphasizing the importance of his support. The […]

Brazil’s tax reform could lead to economic destabilization, Bolsonaro says

On Sunday, former President Jair Bolsonaro expressed concerns that the proposed tax reform could potentially induce inflation, unemployment, and economic disruption. The statement was posted on his Twitter account. Bolsonaro’s comments came in response to criticism from Valdemar Costa Neto, president of Bolsonaro’s party, PL, who had previously pointed out that Bolsonaro was being negatively […]

Chilean Peso: Standout Volatility in a Stabilizing Latin America

While global currency volatility declines, the Chilean peso remains an outlier in Latin America, defying the region’s trend toward stability. Investor concerns about potential constitutional changes in 2021 and 2022 have kept the peso’s volatility unusually high. The central bank’s aggressive interest rate cuts, amounting to 4 percentage points within eight months, have fueled this […]