Agrishow 2024 concluded in Ribeirão Preto, São Paulo, setting new benchmarks for the global agribusiness sector. The event is Latin America’s largest agricultural fair, showcasing the latest in farming tech and sustainable farming. On May 3rd, the fair announced business intentions worth R$13.6 billion ($2.67 billion), a growth of 2.4% from the previous year. This […]
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Monday’s African Short News Roundup
This comprehensive overview encapsulates significant economic and political developments from various African nations and their international engagements. We delve into Angola’s banking sector, facing a notable decline in excess reserves, indicative of broader economic pressures. Meanwhile, Rwanda seeks to bolster economic relations and secure substantial trade deals at the Indonesia-Africa Summit. In Lesotho, the diamond […]
Dollar Peaks, Brazilian Stocks Dip
On October 5, the U.S. dollar closed at R$ 5.17, hitting its highest mark since March 27. In contrast, the Brazilian stock market fell by 0.28%, touching a four-month low. The dollar started steady but jumped after U.S. markets opened. At its peak, the currency hit R$ 5.19 around noon. Even so, the dollar has […]
Rural Land Ownership Uncertainty Looms in Brazil with Civil Code Revamp
Brazil’s Senate President Rodrigo Pacheco (PSD-MG) has introduced a proposal to update the country’s Civil Code. This plan might change how family, abortion, and property rights are viewed. A commission suggests changes that could let landless people claim rural land without paying owners. The proposal updates laws on personal, family, and business rights. Yet, it […]