Wednesday’s oil prices closed uncertainly as investors evaluated Red Sea tensions and global economic influences. These developments occurred amidst global concerns, particularly related to demand forecasts, influenced by the U.S. interest rate cut expectations and China’s economic data. In the New York Mercantile Exchange (Nymex), February’s West Texas Intermediate (WTI) oil slightly increased by 0.22%, […]
Related Posts
São Paulo installs Brazil’s first intelligent traffic lights
São Paulo has embarked on modernizing its traffic signal network. A total of 2,586 smart traffic lights will be introduced at key traffic junctures, replacing malfunctioning conventional devices. As per the Municipal Public Services Regulatory Agency (SP Regula), the project will span three years. By the end of 2023, an estimated 270 intersections will be […]
Chilean economy shrinks by 1.1% yoy in Q2 2023
Chile’s Gross Domestic Product (GDP) experienced a year-on-year decline of 1.1% in the second quarter of 2023, primarily due to dips in sectors like trade, transportation, mining, and manufacturing, as stated by the Central Bank on Friday. Domestic demand, in turn, decreased by 5.6% during the aforementioned period, driven by reduced household investment and consumption, […]