Canada’s central bank has taken a significant step by reducing its key interest rate by half a point to 3.75%. This move promises greater relief for borrowers and signals success in the fight against inflation. For nearly a year, Canada maintained its benchmark rate at 5.0%, the highest level in two decades, before initiating cuts […]
Related Posts
Jazz Pioneers Inspire São Paulo’s Inaugural Jazz Weekend
The São Paulo Jazz Weekend debuts this weekend, drawing inspiration from legendary jazz festivals. This two-day event at Memorial da América Latina showcases jazz, bossa nova, choro, and Brazilian instrumental music. Newport Jazz Festival, the “grandfather of music festivals,” celebrated its 70th anniversary in July. Its founder, George Wein, also created the New Orleans Jazz […]
Brazil’s soaring investment in Angola: returning to 2012 levels amid infrastructure and cultural ties
Brazil’s financial engagement in Angola has notably increased, with investments rising by 67% from 2020 to 2021, reaching US$1.24 billion. This growth brings Brazil’s investments back to levels previously observed in 2012. Angola leads as Brazil’s top African investment destination, surpassing South Africa, which received US$103 million in 2021, based on recent data from Brazil’s […]
Global Powers Eye Maritime Potential of Chile’s Punta Arenas
Punta Arenas, set against the backdrop of the Magellan Strait and snow-capped mountains, has evolved from a scenic port to a global maritime hub. This transformation is driven by blocked routes in the Middle East and Europe, climate changes affecting the Panama Canal, and emerging green hydrogen technology. In early 2023, shipping traffic saw a […]