Argentine President Javier Milei, in his Congress-opening speech, highlighted the challenges facing Argentina’s defense forces. Milei underscores the military’s dire financial situation, lacking resources, readiness for evolving global threats, and global peace. This underfunding and discredit, he argued, not only reduce Argentina’s global standing but also compromise its territorial protection. Defense Minister Luis Petri supported […]
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Argentina Slashes Interest Rates in Fight Against Soaring Inflation
In a strategic move, the Central Bank of Argentina has significantly reduced its benchmark interest rate from 80% to 70%. Announced on Thursday, this adjustment is the third under President Javier Milei, who has been in office since December. With a firm commitment to addressing the nation’s high inflation rate, which has escalated to over […]
State Tax Waivers in Brazil Skyrocket: 189% Rise in Five Years
Brazil’s state governments are set to forgo R$ 267 billion ($47.68 billion) in revenue through tax benefits by 2025. This figure marks a dramatic 189.13% increase from 2020 levels, nearly tripling in just five years. A study by Fenafisco, the Federation of State and District Tax Authorities, highlights this trend. The organization warns about the […]
Venezuela and China initiate partnership for space exploration
Venezuela’s Bolivarian Agency for Space Activities (ABAE) and the China National Space Administration (CNSA) agreed to collaborate on space research, including participation in the International Lunar Research Station (ILRS) project. This partnership signals Venezuela’s entry as the first American country to be involved in this initiative. According to Venezuela’s Minister of Science and Technology, Gabriela […]