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BRICS expansion on the horizon with Iran and the Arab world as top contenders
After a BRICS summit on Tuesday, August 22, discussions about the expansion of the BRICS group, which currently consists of Brazil, Russia, India, China, and South Africa, made notable progress. While a final decision wasn’t reached, it’s evident that the group’s membership might soon grow to include up to six new countries. Though Indonesia was […]
Eletrobras Reports Strong 9% Revenue Growth Amid Economic Shifts
Eletrobras (ELET6), a leading Brazilian energy company, reported a regulatory net revenue of R$9.7 billion ($1.9 billion) for Q1 2024. This represents a 9% increase from Q1 2023. Primarily, tariff adjustments in the transmission segment propelled this growth. Meanwhile, the generation sector faced challenges due to low energy prices and selling the Candiota power plant. […]