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Fitch Ratings announced a revision of its credit rating on Petróleos Mexicanos (Pemex), lowering it to B+ from BB-. This decision is due to operational struggles and significant financial demands the state-run firm is experiencing. Fitch also put the rating on negative watch, expressing uncertainty about the Mexican government’s ability to enhance Pemex’s liquidity and […]
In 2023, Brazil recorded its highest oil reserves since 2015, achieving 15.9 billion barrels. This 7% increase over last year is significant. It marks the country’s largest reserve since the 16.2 billion barrels in 2014. These gains are largely due to new discoveries in the pre-salt layers. Environmentalists argue these existing reserves are ample for […]
In a historic development, Spain significantly advanced its resolution of internal conflict by passing an amnesty law on March 14, 2024. The Spanish Congress approved the measure in a close vote of 178 for and 172 against. Prime Minister Pedro Sánchez, leading a government with support from the pro-Catalonia party, championed this law. It aims […]
As technology becomes more integrated into our lives, we need to consider how it affects our legacy and our loved ones. There are some uncomfortable but necessary end-of-life conversations we should all have with our loved ones, but passwords usually aren’t one of them. Yet with so much of our professional, personal and financial life […]