Mexico’s state-owned oil company, Petróleos Mexicanos (Pemex), is grappling with severe financial setbacks. The company reported a staggering loss of 161.4 billion pesos ($8.05 billion) in the third quarter of 2024. This figure more than doubles the losses from the same period last year. Pemex’s revenue also declined to 426.1 billion pesos ($21.26 billion), a […]
Related Posts
Challenges in Brazil’s B3 Stock Exchange Amidst Foreign Investor Retreat
In early 2024, the B3 Stock Exchange in São Paulo underwent significant upheaval, marking one of its most challenging periods since 2010. The primary index, Ibovespa, declined by 6.16%, while the Ptax dollar rate climbed by 6.83%. This turbulence reflects a market riddled with uncertainties and a notable flight of foreign capital. Foreign investors, responsible […]
Morocco’s Sahara Strategy: A New Era of Proactive Diplomacy and Regional Integration
King Mohammed VI’s recent speech to the Moroccan Parliament marked a significant shift in the country’s approach to the Sahara issue. The King emphasized a move from reactive policies to proactive initiatives, placing the Sahara at the heart of Morocco’s continental strategy. The monarch outlined several key projects that demonstrate this new approach. These include […]