Brazil needs to pump $456 billion into its manufacturing sector yearly for at least 7 years. That’s according to new data from Fiesp, São Paulo’s Industry Federation. They found that investments in this sector have hit a 20-year low. Therefore, urgent action is necessary for economic growth. Currently, only 2.6% of Brazil’s GDP is going […]
Related Posts
Bunge Beats Expectations: Agribusiness Giant’s Profit Surge
Bunge, the global agribusiness leader, has surpassed Wall Street’s profit expectations for the third quarter of 2024. The company’s success stems from increased volumes in grain trading and oilseed processing, offsetting lower margins in the current market. Bunge reported an adjusted earnings per share of $2.29, exceeding analysts’ estimates of $2.15. The agribusiness segment saw […]
China’s Top Builders Face Heavy Forex Losses Due to Weaker Yuan
Top Chinese property firms are grappling with nearly $3 billion in forex losses this year, mainly due to U.S. dollar loans as the yuan weakens. This adds more stress to their cash-strapped operations. A study by Nikkei Asia shows 24 top Chinese firms lost 21.25 billion yuan ($2.75 billion) in the first half. These paper […]
How does Israel’s Iron Dome defense system work?
The ongoing Israeli-Hamas war witnessed a surge of hostilities over the weekend as Palestinian terrorists launched a surprise attack on Israel, which the Israeli prime minister called the deadliest offensive in 50 years. The attack, dubbed Operation Al Aqsa Flood by Hamas, involved over 3,000 rockets, drones and commando raids that have targeted Israeli cities, […]