In 2023, Nigeria witnessed a notable transformation in its business landscape as numerous multinational corporations opted to scale down their operations or exit the country altogether. A range of economic challenges drove this trend. For instance, Procter & Gamble (P&G) and Unilever shifted to import-only models. They faced difficulties with the local currency and repatriating […]
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Bolivia’s state-owned company, Yacimientos de Litio Bolivianos (YLB), has initiated an exploration campaign to assess the potential of salt flats and increase the country’s lithium reserves. The Vice-Minister of Exploration and Exploitation of Energy Resources, Raúl Mayta, announced this endeavor, which involves drilling 63 wells across various salt flats in the Potosí department. The primary […]
Gangs Target UN Helicopter: Haiti’s Security Nightmare Worsens
Haiti gangs open fire and hit UN helicopters mid-air as violence surges, marking a new low in the country’s ongoing crisis. The attack occurred on Thursday, forcing the aircraft to make an emergency landing in Port-au-Prince. Fortunately, all 18 people aboard, including three crew members and 15 passengers, escaped unharmed. This brazen assault highlights the […]
Rate Cuts Ahead: JPMorgan and UBS BB’s Forecasts for Brazil
Brazil’s Central Bank is planning more interest rate cuts in 2024. JPMorgan and UBS BB, two big banks, see these cuts differently. Yet, both agree on the general economic trend. JPMorgan sees three cuts coming. First, they expect two cuts of 0.5% each. Then, they see one more cut of 0.25%. They believe the final […]