The United States government faces a growing challenge as its debt interest costs reach levels not seen since the 1990s. This development has sparked concerns about future policy options for the next administration in Washington. In the fiscal year ending September, the US Treasury spent a staggering $882 billion on net interest payments. This amounts […]
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Brazil Sets New Course in Cryptocurrency Taxation
Brazil is overhauling how it taxes cryptocurrencies, with changes to be proposed in the National Congress. This new plan will treat digital currencies similarly to stocks and securities, marking a shift from viewing them as commodities. A 15% profit tax on cryptocurrency earnings is proposed, moving away from taxing based on the volume of trade. […]
São Paulo’s Rosewood Hotel Joins Global Top 50 List
The ’50 Best’ organization named Brazil’s Rosewood São Paulo as the 27th best global hotel. It is located near Avenida Paulista in Bela Vista and won South America’s best hotel. Opened last year, the hotel has room rates between R$2,900 ($600) and R$9,500 ($1,900), according to Booking.com. It occupies a restored, early 20th-century building that […]
Bradesco’s ROE Improves to 12.4%, Still Behind Santander’s 17% in Q3 2024
Bradesco, Brazil’s second-largest private bank, released its third-quarter results for 2024. The bank reported a net profit of R$5.2 billion ($928.6 million), marking a 13.1% increase from the previous year. This performance slightly surpassed market expectations, signaling a continued recovery for the financial institution. The banking sector in Brazil has faced numerous challenges recently. High […]