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In June 2023, Brazil’s external accounts experienced a deficit of US$843 million, a stark contrast from the surplus of US$ 266 million in the same month the previous year. However, a total of US$1.9 billion in direct investment in the country was reported, counteracting the deficit. The Central Bank unveiled this data on July 26. […]
The economic crisis in Argentina has led to a notable trend of Uruguayans crossing the border in search of more affordable food and fuel. However, this influx of cross-border shopping has resulted in a crisis for businesses in the border region of Uruguay. While the Argentine peso has experienced a significant devaluation of approximately 25% […]
Qatar Airways increases the number of flights to Brazil due to high demand. The Gulf state airways identifies Brazil as a key market in Latin America and is positive about its flight operations to the country. The Arab airline has a positive outlook for Brazil and will introduce its third daily flight between Qatar and […]
China is actively strengthening its economic ties with Middle Eastern countries, marked by multi-billion dollar investments from Chinese companies. During his recent visit to Saudi Arabia, Chinese President Xi Jinping signed agreements worth up to US$50 billion. These deals include Saudi Aramco’s plan to invest US$3.6 billion in Hangzhou’s Rongsheng Petrochemical and a joint venture […]