The Central Bank has cut the Selic, Brazil’s key interest rate, to 13.25% annually after almost a year without changes. Despite this reduction, corporate loans are likely to continue to have interest rates around 20%. According to the monetary and credit statistics released by the authority for June 2023, the average interest rate for legal […]
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Venezuelan president expresses concern about social media censorship against his government
Venezuelan President Nicolás Maduro has expressed concern about the systematic censorship imposed by major international social media companies on content produced by official media and the government party. Maduro highlighted that despite popular street mobilizations supporting the government, such news does not appear on social networks due to censorship. Maduro stated that national majorities are […]
São Paulo Faces Metro and Train Strike
Public transport workers in São Paulo decided on Monday night to go on strike on Tuesday. This action opposes the government’s privatization plans. Both city and state officials responded quickly. They declared Tuesday an optional workday and increased bus services. Specific metro lines affected include the Blue, Green, and Red. The metro trains on the […]