Founded in 2015 by BRICS countries, the New Development Bank (NDB) is set to issue $5 billion in loans in 2024, marking its significance in global finance. This move aligns with a time when China’s lending in Africa has dropped to its lowest in two decades. With $100 billion in initial capital and $50 billion […]
Related Posts
Dollar’s Rise Amidst Global Watch
On a cautious Monday morning, the U.S. dollar climbs to R$4.90 as investors globally await crucial inflation data from Brazil, the U.S., and China. At 9:45 AM Brasília time, the currency marked a 0.41% increase, standing firmly at R$4.90. Previously, it closed at R$4.88, after a slight dip of 0.51%. Throughout 2024, the real has […]
Lula, Putin, and Brazil’s Criminal Court Dilemma
Luís Inácio Lula da Silva’s backing of Vladimir Putin at the G20 summit brought Brazil’s relationship with the International Criminal Court ICC into the limelight. Lula assured Putin, who has an ICC arrest warrant against him, of no arrest in Brazil. However, ex-Supreme Court Minister Celso de Mello emphasized Brazil’s duty to cooperate with the […]
Victory for Real Madrid in Copa del Rey Showdown
Real Madrid clinched a 3-1 victory over Arandina, advancing to the Copa del Rey’s round of 16. Goals by Joselu, Brahim Díaz, and Rodrygo propelled the team forward, despite Nacho’s own goal for Arandina. With a focus on future matches, Real fielded a reserve team, showcasing depth and strategy. The match unfolded with Real dominating […]