October brought a notable decrease in unemployment rates for Brazil and Mexico, showcasing the strength of Latin America’s largest economies. Brazil’s unemployment rate dropped to 7.6%, the lowest since 2015, with the unemployed population falling to 8.3 million. Mexico’s unemployment rate also declined, reaching 2.75%. These improvements reflect robust labor markets, capable of enduring high-interest […]
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Angola’s Lulo Mine’s Diamond Sales Drop
Lucapa Diamond Company, overseeing Angola’s Lulo mine, recorded a $14.6 million decline, representing a 43% drop in diamond sales this quarter. Also, diamond production saw a 20% cut. As a result, dividends plummeted over 50% to $9.1 million. Yet, there’s a silver lining. Lucapa has kept 2,300 carats in stock and is planning to sell […]