Ecuador’s President, Guillermo Lasso, confirmed that the scheduled elections for August 20th would proceed despite the tragic killing of presidential candidate Fernando Villavicencio at the age of 59. Villavicencio was fatally shot during a political event in Quito on August 9, 2023. In response to the incident, a 60-day state of emergency has been declared […]
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Colombia Helps Ecuador with Energy Crisis
Ecuador’s energy crisis, resulting in blackouts, prompted President Guillermo Lasso to meet with Colombia’s President Gustavo Petro for solutions. After the meeting, Lasso announced good news on social media. Colombia will send 450 megawatts of electricity to Ecuador. This is the most the connecting line between the two countries can handle. Lasso also said they’ll […]
U.S. Dollar Dips as Investors Eye Powell’s Speech and US Data
The US dollar slightly dipped against the Brazilian real to R$ 4.94 as market players awaited key US economic indicators and Federal Reserve Chair Jerome Powell’s upcoming speech. This minor decline reflects broader market hesitancy, with futures also seeing a decrease. This situation underscores the global financial community’s focus on the economic policies of leading […]
Brazil’s Renewable Energy Rise in 2023
In 2023, Brazil significantly increased its electric capacity by 8.4 gigawatts, with wind and solar sources contributing 90.4 percent to this growth. This update comes from the Ministry of Mines and Energy MME. Key regions like Rio Grande do Norte, Minas Gerais, and Bahía led the expansion. Each state added about 2 gigawatts. This growth […]