Carrefour Brazil demonstrated remarkable financial strength in the third quarter of 2024. The company’s net profit soared to R$ 221 million ($38.8 million), marking a 67.4% increase from the previous year. This impressive growth surpassed market predictions, showcasing the retailer’s adaptability in a challenging economic landscape. The adjusted net profit nearly doubled, reaching R$ 412 […]
Related Posts
Ethiopia Opens Real Estate Market to Foreign Investors
In a groundbreaking move, Ethiopia has decided to open its real estate market to international investors. Announced by Prime Minister Abiy Ahmed on March 23, this change ends a long-standing restriction on foreign property ownership. It’s a key part of Abiy’s plan to invigorate the economy through liberalization and foreign investment, a focus since his […]
Brazil’s federal government reports third-largest June deficit in history
In June, the federal government recorded its third-largest public deficit since the historical series began in 1997, posting a negative balance of R$45.22 (US$9.5) billion, according to data released by the National Treasury on July 27th, 2023. The deficit from January to June amounted to R$41.26 billion, inflation-adjusted. Over the last 12 months, the shortfall […]
China’s hydro diplomacy: water security, regional tensions, and the quest for balance in Asia
In 2022, China utilized a large-scale water transfer system to meet Beijing’s requirements even with the Yangtze River’s drastic decline due to severe drought. The South-to-North Water Diversion Project stands as a monumental engineering feat, transferring over a billion cubic meters of water across a vast distance, akin to the stretch from Amsterdam to Rome. […]