This week focuses on key global economic events, including Brazil’s first inflation data of 2024 with the IPCA-15 index. Additionally, President Luiz Inácio Lula da Silva’s recent meeting with China’s Foreign Affairs Minister Wang Yi underscored Brazil’s commitment to the ‘One China’ policy. This meeting is crucial in the lead-up to Chinese President Xi Jinping’s […]
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Brazil’s Coffee Harvest Sees 8% Growth in 2023
Brazil is set to harvest over 55 million coffee bags in 2023, marking an 8% increase from 2022. The latest estimate from Conab, Brazil’s agricultural agency, reveals a positive trend in coffee production. This growth is mainly attributed to a surge in the Arabica variety, which is expected to witness a 6.8% increase, constituting 70.6% […]
ExxonMobil’s $10 Billion Investment Signals Renewed Confidence in Nigeria’s Oil Sector
ExxonMobil has unveiled plans for a $10 billion investment in Nigeria’s deepwater oil operations. This announcement came during a high-level meeting between Nigeria’s Vice President Kashim Shettima and ExxonMobil executives at the UN General Assembly in New York. The centerpiece of ExxonMobil’s new strategy is the Owo project, a substantial subsea tie-back representing the bulk […]
Brazil Secures Key Meat Export Deal with Egypt
Brazil and Egypt have significantly strengthened their trade relations, especially in the meat export sector, through a strategic “pre-listing” agreement. During President Luiz Inácio Lula da Silva’s recent visit to Egypt, an arrangement was secured simplifying the export process for Brazilian beef, pork, and poultry. This was achieved by recognizing the equivalence of Brazil’s meat […]