The latest report from the Kiel Institute for the World Economy reveals that the military aid promised to Ukraine, in light of the Russian invasion that began in February 2022, has not been as substantial as initially pledged. Despite the recent Ukrainian offensive, the assistance received is considerably less than promised at the beginning of […]
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Orange Prices in Brazil Reach Historical High
In São Paulo, orange prices reached a historic high this March. Cepea reports the Pera variety selling for up to R$100 ($20) per 40.8 kg box in some areas. This price peak is unprecedented since Cepea began tracking orange prices in October 1994, even when adjusting for inflation. Cepea notes that this record surpasses previous […]
De Beers Cuts Diamond Prices Amid Sales Slump
De Beers, a leading diamond company from Southern Africa, has reduced prices to rejuvenate sales after a market slowdown. Last year, the diamond market nearly halted, prompting major miners to stop supply to prevent further price drops. De Beers responded by slashing prices by about 10% across all categories in its first sale of the […]
Rising Unemployment in Chile’s Recent Quarter
In the September-November quarter of 2023, Chile experienced a rise in unemployment, reaching 8.7%. This increase, as reported by the National Institute of Statistics (INE), was 0.8 percentage points higher compared to the same period last year. The growth in the labor force outpaced the total number of individuals gaining employment. This imbalance contributed to […]