Costa Rica stands at a critical crossroads, facing an energy crisis reminiscent of challenges not seen since 2007. This week, the nation’s energy authority sounded alarms about potential power cuts. Triggered by an intense El Niño, the severe drought has dramatically decreased rainfall, pushing the country’s electricity supply to the brink. Renowned for its lush […]
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In the first half of 2023, fires ravaged 2.15 million hectares across Brazil, marking a one percent decrease from the same period in 2022, as outlined by MapBiomas, a collaborative network of civil society organizations. MapBiomas’ report reveals that the Amazon was most affected, with 1.45 million hectares, or 68% of the country’s total burned […]
MSCI Decision May Boost Brazilian Stocks in US by $4.7 Billion
Following MSCI’s recent announcement, Brazilian companies trading on foreign exchanges might soon enjoy a significant financial boost. Starting in August, these listings will qualify for the MSCI Brazil index. This change could channel $4.7 billion into companies like Nu Holdings (Nubank), StoneCo, XP, and PagSeguro, Morgan Stanley strategists report. The firms, which went public in […]
Myanmar’s Unity Threatened by Intensifying Border Conflicts
With military junta support, the president of Myanmar recently raised alarms about the country’s unity. State media reported his concerns following intense clashes near China. On Wednesday, President Myint Swe suggested a potential split without effective border conflict management, as per the Global New Light of Myanmar. According to analysts, conflict in Shan state, near […]