Brazil’s leading company, Petrobras, yesterday celebrated its 70th birthday. It was founded on October 3, 1953, under Getúlio Vargas’ rule. Since then, it has played a key role in Brazil’s economic growth. Today, Petrobras is pivoting toward sustainable energy. President Luiz Inácio Lula da Silva picked Jean Paul Prates to guide this change. The company […]
Related Posts
Goldman Sachs Soars: Investment Banking Prowess Fuels 45% Profit Surge
Goldman Sachs has emerged as a shining star in the banking world. The financial giant reported a remarkable 45% increase in profits for the third quarter of 2024. This impressive growth stems from the company’s strong performance in investment banking. Goldman Sachs raked in $2.99 billion, showcasing its ability to thrive in a competitive market. […]
Saudi Arabia Pledges $5 Billion Investment in Egypt Amid Economic Cooperation
On October 16, 2024, Saudi Arabia’s Crown Prince Mohammed bin Salman and Egypt’s President Abdel Fattah al-Sisi met in Cairo to strengthen economic ties. The leaders signed agreements to protect mutual investments and form a supreme coordination council between their countries. Egypt has faced economic challenges, including high inflation and currency devaluations. In response, the […]
A Lost Decade Looms Over LatAm’s 2023 Economic Outlook
The Economic Commission for Latin America and the Caribbean (CEPAL) has revised its 2023 growth forecast for the region to 2.2%, up from 1.7%. This modest increase points to persistent economic challenges beyond the pandemic’s impact. Amid global economic slowdown and inflation control, no significant changes in monetary policies are expected from key central banks. […]