A former Brazilian central bank head, Affonso Celso Pastore doubts the current GDP growth. He says it’s driven by government spending, not the market. “This rate won’t last,” he warns. He predicts a future drop in activity and rising interest rates. In a recent interview, he was blunt. “Private investment will shrink,” he said. “Right […]
Related Posts
Trinidad and Tobago’s Struggle Against Oil Spill Mystery
A mysterious shipwreck off Trinidad and Tobago has triggered an environmental crisis, affecting 1.4 million residents. The incident, linked to a “Gulfstream” vessel, resulted in a vast oil spill, tarnishing beaches and mangroves and raising alarm across the islands. Prime Minister Keith Rowley acknowledges the crisis remains unmanaged, stressing the urgent environmental threat. The ship’s […]
Siemens Acquires Altair for $10.6 Billion, Boosting Digital Capabilities
Siemens, the German industrial giant, has announced a $10.6 billion deal to acquire Altair Engineering, a U.S.-based software firm. This marks Siemens’ largest purchase since its $16.4 billion acquisition of Varian Medical Systems in 2020. The deal values Altair at $113 per share, an 18.7% premium over its recent stock price. Siemens aims to strengthen […]