Your Global News Source
Venezuela and Qatar have pledged to strengthen their cooperative and friendly relations, as established in a meeting held in Caracas between Venezuelan Foreign Minister, Yván Gil, and the Qatari Ambassador to Venezuela, Rashid Mohsin Fetais. Gil stated the dialogue’s goal was to bolster bilateral ties. In May, the Venezuelan government acknowledged the 50th anniversary of […]
The Central Bank of Brazil anticipates foreign investment will drop to $65 billion this year, compared to $90.6 billion last year. They’ve revised the 2023 forecast from $75 billion to $65 billion, representing 3% of Brazil’s GDP. Inter-company loan repayments will likely decrease. The bank credits this to robust international trade earlier this year. Conversely, […]
The U.S. dollar fell against the Brazilian real as markets reacted positively to Federal Reserve Chair Jerome Powell’s comments on possible interest rate cuts amidst inflation uncertainties. He stated that cuts “will likely be appropriate” this year if economic conditions align with expectations, despite inflation progress being uncertain. The spot U.S. dollar dropped 0.19% to […]
In a significant move towards normalizing relations, Turkey and Egypt have exchanged diplomats for the first time in a decade, as stated in a joint announcement issued by both countries. Salih Mutlu Sen has been appointed Turkey’s envoy to Egypt, while Amr Elhamamy will serve as the Egyptian ambassador to Turkey. The decision to elevate […]