Amid geopolitical tensions, Brazil’s fiscal challenges, and U.S. interest rate uncertainties, the dollar hit a high on April 16, 2024. It reached $5.2802, marking a 1.84% increase and a peak since last March. Concurrently, Brazil’s primary stock index, the Ibovespa, declined by 0.76% to 124,386.78 points. This decline reflects broader global market downturns, which are […]
Related Posts
Vale Board Member Exits Over Brazil’s Government Meddling
José Luciano Duarte Penido resigned from Vale’s board as an independent member, citing political manipulation in the CEO selection process, to which Vale has not yet responded. He outlined how the board’s majority, shaped by select shareholder interests and conflicts of interest, has compromised the process with biased leaks, undermining confidentiality. Penido lost confidence in […]
Maputo Elects New Mayor with Anti-Corruption Pledge
Razaque Manhique, the newly elected mayor of Maputo from the Frelimo party, commits to a relentless fight against corruption. He promises governance for Mozambique’s capital city that prioritizes the people, aiming for inclusivity over his five-year term. Upon taking office, Manhique highlighted his resolve to tackle corruption head-on, stating even top municipal leaders could be […]
In the first quarter of 2023, China emerged as the leading global car exporter, surpassing Japan
The first six months of 2023 saw a significant rise of 75.7% in car exports from China, as the China Association of Automobile Manufacturers (CAAM) reported. In this period, China exported a total of 2.14 million vehicles, with electric cars accounting for about 534,000 units. This shows a 160% increase in overseas electric car sales […]