In a world buzzing with digital innovation, Brazil’s central bank digital currency (CBDC), Drex, is making headlines. Though recently delayed, Brazil’s leading banks remain upbeat about Drex’s potential. Initially set for a sooner release, Drex’s journey has been extended to 2025. The Central Bank aims to refine its testing phase, which now focuses on practical […]
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Brazilian Service Sector Experiences First Decline Since February 2024
The Brazilian service sector faced a setback in August 2024. The sector’s volume dropped by 0.4% compared to July. This decline marks the first decrease since February of the same year. The Brazilian Institute of Geography and Statistics (IBGE) released these findings in their Monthly Service Survey. Despite this monthly dip, the sector showed growth […]
Portugal’s Electoral Showdown
Portugal will hold a pivotal election on Sunday, March 10, 2024. The nation will select 230 Assembly of the Republic members. This vote will determine the successor to Prime Minister António Costa from the Socialist Party (PS). Costa, who has led since 2015, planned to serve until 2026 after a 2022 victory. However, an investigation […]