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 […]
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Power outages expected to affect 12% of Cuba Tuesday night
The state-owned Electric Union of Cuba (UNE) anticipates power outages affecting approximately 12% of the nation on Tuesday evening, following several weeks without reported shortages. The last significant shortage occurred at the end of June, when outages impacted 17% of the country, as per UNE estimates. The company predicts a peak generation capacity of 2,719 […]
Risk Landscape Across Latin America: An Overview
Latin America’s markets are undergoing shifts due to a mix of economic volatility, supply chain disruptions, and political changes. Luca Moneta, a senior economist at Allianz Trade, points out to Bloomberg Linea that these factors contribute to an average risk rating of B3 across the region. Economic growth, inflation, and currency fluctuations influence this rating. […]
Global Supply Chains Shift Amid US-China Chip Conflict
The US and China have intensified their competition over semiconductor dominance. Countries led by the US and the European Union have invested approximately $81 billion in semiconductor development to challenge China’s industrial policy. Globally, governments have earmarked $380 billion for semiconductor initiatives, aiming to dominate AI development. The US and China will hold their first […]