On Saturday, on social media, Gustavo Petro, Colombia’s President, claimed that Francisco Barbosa, the Prosecutor General, plans to remove him from office. Petro stated, “Barbosa seeks a coup with the appearance of legality.” As Colombia’s initial leftist leader, Petro stressed that the law shields him from prosecutorial inquiry. He blamed Barbosa for unjust practices, including […]
Related Posts
Emerging Economies to Benefit from Oil Trends in 2024
Emerging markets expect a significant rise in 2024, buoyed by likely Federal Reserve rate cuts and declining oil prices. Analysts indicate a substantial drop in Brent crude prices, leading to lower inflation and enhancing the appeal of bonds in developing countries. Experts highlight oil’s impact on emerging market inflation. As inflation slows, local currency bonds […]
Swedish Company Ventures into Venezuelan Oil
Maha Energy, a Swedish company, is entering Venezuela following the U.S.’s relaxation of sanctions on the country. Maha secured rights in the Petrourdaneta project, linked to Brazil’s Novonor group. Kjetil Solbraekke, Maha’s CEO, confirmed this development. If successful, Maha might obtain Novonor’s 40% share in a joint venture. This venture involves Petróleos de Venezuela, the […]
New Home Launches in Brazil Drop by 13.8%
A recent study by Abrainc and Fipe reveals a 13.8% decline in new home launches in Brazil during the first half of 2023. The research accounted for 49,505 units, marking a 1.7% decrease in overall value, equating to R$15 billion ($3.05 billion). Twenty member companies contributed to the study. For medium and high-end homes, the […]