The Biden administration has ended a six-month leniency period by reinstating oil sanctions on Venezuela. This action follows President Nicolás Maduro’s failure to comply with agreements aimed at ensuring fair elections scheduled for July. The U.S. Treasury Department has announced that the relevant license for oil and gas production will expire soon, with a deadline […]
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Trade wars reloaded: state interventions placing pressure on free trade
The surge in subsidies and state interventions, fueled by global supply chain issues and geopolitical instability, is placing pressure on the principles of free trade. Over the past decade, these protective measures have increased by 150%, reaching over 50,000 worldwide. Governments often favor local investments and production to maintain supply chains for strategic goods like […]
Japan Spikes Prices for Tourists to Curb Overtourism
Japan plans to charge different prices for foreign visitors and locals at restaurants and tourist attractions. This strategy aims to address overtourism and boost revenue. For example, a Tokyo restaurant charges locals $38 for an all-you-can-eat seafood course, while tourists pay $44. Himeji Castle might raise entrance fees for foreigners from $7 to $30, with […]
Brazil’s Stock Market Hits Third Consecutive Record
The Ibovespa, Brazil’s main stock index, hit a new high on Tuesday, closing at 131,850.91 points. Earlier in the day, it even surpassed 132,000 points. This marks its third consecutive record day. The streak of records started last Friday. This was right after Brazil’s Chamber of Deputies approved a tax reform. The market has been […]