Yesterday, the Brazilian Federal Police requested the Supreme Federal Court (STF) to probe into the financial activities of former President Jair Bolsonaro. This action comes on the heels of an investigation launched into the alleged diversion and overseas sale of items gifted to the Presidential Office during official missions. Bolsonaro’s potential breach of financial confidentiality. […]
Related Posts
Brazil’s Economic Outlook Updated by Fitch
Fitch, a top risk assessment agency, has modified its growth predictions for Brazil’s economy. In 2023, the growth forecast is now 3.0%, down from the earlier 3.2%. Yet, 2024 shows promise, with projections increasing from 1.3% to 1.5%. These changes are due to various economic elements. The high Selic rate, Brazil’s base interest rate, is […]
Global Consumer Spending Set to Rise in 2025: NielsenIQ Forecast
Consumer spending worldwide will increase by 5.5% in 2025, according to a new report by NielsenIQ. This growth stems from declining inflation, anticipated economic recovery, and rising consumer confidence. The study, titled “Mid-Year Consumer Outlook: Guide to 2025,” projects an additional $3.2 trillion in consumer spending compared to 2024 forecasts. This uptick aligns with expectations […]
DR Congo’s Financial Center: A Turkish Triumph
People in Kinshasa, the capital of the Democratic Republic of Congo (DRC), are amazed. A Turkish company has quickly built a large financial center. Before, Chinese firms usually led such big projects. Even street vendors and security staff can’t believe the pace. They say it’s faster than previous Chinese efforts. In February 2022, Turkey’s President, […]