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Following the transition to Luiz Inácio Lula da Silva’s presidency, a national increase of 12% in gasoline prices has been recorded. Seven states have experienced a surge exceeding 15%, with Amazonas seeing the highest rise of 25%, bringing the cost per liter to R$6.30 (US$1.26 per liter or US$4.76 per gallon). Other significantly affected states […]
Angra 3, a crucial nuclear power project for Brazil’s energy sector, now faces significant delays. The plant, originally slated to begin operations between 2027 and 2028, will likely not start until late 2030 or early 2031. This setback highlights the complex nature of nuclear energy development in the country. The importance of Angra 3 for […]
Peru’s authorities shut 58 ports in a new development due to odd wave patterns on the central and northern coasts. These waves vary from mild to strong. The closure, which includes more than half of Peru’s ports, will last until January 7th. The National Emergency Operations Center (NEOC) confirmed this yesterday. They shared the news […]
In a recent interview, Finance Minister Fernando Haddad indicated that the performance of the agribusiness sector early this year will be the main contributor to Brazil’s Gross Domestic Product (GDP) growth in 2023. Despite a potential slowdown in the year’s second half, Haddad stressed that the strong performance in the first quarter would significantly underpin […]