The Pheu Thai party, removed from power through a coup in 2014, secured the endorsement from the pro-military United Thai Nation party for their prime ministerial candidate’s parliamentary vote slated for August 22nd. The United Thai Nation, having gained fifth place in the May elections, revealed its intention to join the Pheu Thai-led coalition, which […]
Related Posts
Portugal Clarifies Position on Colonial Reparations
During the weekend, Portugal’s government confirmed it is not pursuing any reparations initiatives for its former colonies. This clarification came after President Marcelo Rebelo de Sousa acknowledged Portugal’s colonial injustices and hinted at possible reparations for countries like Brazil. His remarks recognized historical wrongs and suggested remedies. Two days after admission, the Portuguese Council of […]
New High-Value Banknotes Set for Release in Argentina
Argentina’s Central Bank today announced the release of new 10,000 and 20,000 pesos banknotes in June to combat inflation. The current highest note, 2,000 pesos, is worth about 2.45 U.S. dollars. These new notes will make transactions easier and reduce costs in the financial system. The bank reused existing designs to save resources. The 10,000 […]
Brazil’s State-Driven Pharmaceutical Push: BNDES Funds “Brazilian Ozempic” and More
Brazil’s government is taking a hands-on approach to pharmaceutical development. The Brazilian Development Bank (BNDES) has reached record levels of funding for the country’s drug industry in 2024. This move echoes strategies often seen in more socialist-leaning economies. BNDES President Aloizio Mercadante announced that by mid-July 2024, the bank had approved R$2 billion ($357 million) […]