On Tuesday, the Ibovespa surged 2.18% to 130,380.15, signaling a move towards new highs due to key factors. The Central Bank released minutes from its latest policy meeting the same day. The document hinted at possible future rate cuts, sparked by adjustments and a softer stance on U.S. rates. Consequently, Brazil’s currency gained strength, with […]
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(Opinion) The Basel-based Bank for International Settlements (BIS) has announced a blueprint for a new monetary system incorporating digital central bank currencies (CBDCs). While the touted benefits include seamless integration of exchange services and more efficient transactions, this plan could be a harbinger of a dystopian future where an unprecedented level of economic control and […]
Brazil’s Struggle to Integrate Affordable Air Travel
In 2023, Brazil’s aviation industry faced challenges integrating budget airlines into its domestic market, a trend also observed across Latin America. The Brazilian government aimed to reduce air travel costs but encountered obstacles due to the country’s high operational expenses, especially labor and legal costs. The National Civil Aviation Agency (ANAC) highlighted the necessity for […]
Colombia Police Station Under Attack
An explosive struck a police station in Timba, Southwest Colombia, says an official statement. Officers report being unharmed after the incident. The authorities are now checking for civilian casualties. Locals state that the blast also damaged a school, a hospital, and workshops. Cauca Governor Elias Larrahondo, in a talk with Blu Radio, said identifying the […]