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The Brazilian government, under President Luiz Inacio Lula da Silva, recently introduced a legislative package, known as the Democracy Package, proposing harsher penalties for what is called ‘crimes against democracy’. The proposal follows the January 8 riots where former president Bolsonaro’s supporters allegedly invaded the headquarters of government branches in Brasília, which the current administration […]
In the first quarter of 2024, Petróleos Mexicanos (Pemex) experienced a significant financial downturn. Profits plummeted by 91.7%, falling from MXN 56.735 billion ($3.40 billion) in early 2023 to just MXN 4.682 billion ($280.69 million) in the same period this year. A recent submission to the Mexican Stock Exchange noted that rising sales costs, administrative […]
In March 2024, Brazil’s oil output slightly decreased by 2.7%, recording 3.356 million barrels daily. Despite this dip, production was up 7.7% from the previous year. Similarly, natural gas production fell 3.1% to 143.98 million cubic meters daily, yet increased by 3.9% year-over-year. The broader trend in Brazil’s energy sector highlights significant growth, particularly in […]
Brazilian President Luiz Inácio Lula da Silva has enacted a decree to revise civilian access to firearms and ammunition, modifying the more lenient policies of his predecessor, Jair Bolsonaro. The intention is to control the amount of weaponry and ammunition accessible to civilians and limit the procurement of firearms by hunters, shooters, and collectors. The […]