President Luiz Inácio Lula da Silva’s government plans to support airlines financially, aiming to lower Brazil’s flight costs. The plan, revealed soon, will offer public funds as loan guarantees via the national development bank. This approach is seen as a temporary relief rather than a fix for the industry’s broader issues. Lula focuses on affordable […]
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Lula supports creation of Amazonian Parliament to enhance collaboration among countries
Brazilian President Luiz Inácio Lula da Silva advocated for the establishment of an Amazonian Parliament and a Forum of Amazonian Cities to enhance collaboration among countries in the region. Lula made this proposal during his closing speech at the Technical-Scientific Meeting of the Amazon in Leticia, Colombia. The event, hosted by the Colombian government under […]
Honduras Sets Ban on Crypto for Banks
Honduras’ CNBS has set a ban on banks dealing with cryptocurrencies. This rule announced on Friday but effective Monday, stops financial institutions from using cryptocurrencies and related assets. The ban is immediate, blocking these entities from transactions, investments, or holding any digital currencies not sanctioned by the Central Bank. Though crypto platforms are active in […]
Increase in magnetic anomaly across South America and the southern Atlantic Ocean
The South Atlantic Anomaly (SAA), a region where Earth’s magnetic field is weakening, extends across South America and the southern Atlantic Ocean. Recent findings indicate an increase in its size, with the U.S. National Oceanic and Atmospheric Administration (NOAA) reporting a 5% westward expansion over the past three years as of January 2023. The anomaly’s […]