Salic, a Saudi Arabian fund, is in discussions with Brazil’s Ministry of Agriculture to renew 40 million hectares of pasture. This move could double Brazil’s food production area, with no deforestation. Japan, South Korea, and the UAE are also in talks. However, Saudi Arabia is likely to invest the most via Brazil’s national bank. These […]
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Leaders in South America propose public-private collaborations for Amazon conservation
Ecuador’s current President, Guillermo Lasso, in conjunction with ex-Presidents Iván Duque of Colombia and Sebastián Piñera of Chile, recently assembled in the Ecuadorian province of Napo. Their gathering was organized to launch a novel proposition to bolster public-private cooperation aimed at preserving the Amazon jungle. These leaders, along with other prominent figures from the private […]
Brazil’s Trade Surplus Reaches $1.4 Billion in October
Brazil’s economy showed strong performance in the second week of October 2024. The country’s exports reached $7 billion, while imports totaled $5.6 billion. This resulted in a trade surplus of $1.4 billion for the week. The total trade flow amounted to $12.6 billion, according to official data. The Foreign Trade Secretariat of the Ministry of […]
Germany’s PMI Shows Improvement Amid Structural Weaknesses
The Purchasing Managers’ Index (PMI) for the eurozone rose to 49.7 in October, up from 49.6 in September. This figure, however, fell short of the economists’ consensus of 49.8 reported by “The Wall Street Journal”. A PMI reading below 50 indicates ongoing contraction in the economy. The industrial PMI increased from 45 to 45.9, surpassing […]