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Brazil’s central bank has increased interest rates by 100 basis points for the third time, raising the Selic rate to 14.25%. The decision was unanimous, in line with economist expectations, …
Brazil Raises Interest Rates by 100 Basis Points; Anticipates Smaller Hike Ahead Read More
ArcelorMittal South Africa is negotiating with the government for funding to delay the closure of its long steel operations, initially scheduled for April 2024. The closure, which impacts 3,500 jobs, …
ArcelorMittal South Africa Negotiates Funding to Delay Long Steel Operation Closure Read More
Rwanda-backed M23 rebels in eastern Congo refuse negotiations with the government, seeking more concessions following their military victories. Their withdrawal from talks coincides with European sanctions against their leaders. Ongoing …
M23 Rebels in Eastern Congo Use Battlefield Gains to Avoid Negotiations Read More
Colombian Finance Minister Diego Guevara resigned following disagreements with President Gustavo Petro over budget cuts. His exit creates uncertainty about the management of public finances amid ongoing fiscal challenges. German …
Colombia’s Finance Minister Resigns Amid Budget Disputes with President Petro Read More
Argentina’s Congress debated a crucial IMF deal aimed at stabilizing the nation’s finances. President Milei’s government supports it, but faces opposition within Congress. Milei’s austerity measures have sparked protests, adding …
Argentina’s Congress Considers Key IMF Agreement Amid Financial Challenges Read More
President Bola Tinubu has declared a state of emergency in Rivers state, suspending its governor, deputy, and lawmakers for six months due to security concerns from pipeline vandalism. This decision …
Tinubu Declares State of Emergency in Rivers State Amid Political Crisis Read More
Brazil’s government has maintained its 2025 GDP growth forecast at 2.3% while increasing its inflation estimate to 4.9%. The economic growth is expected to slow in the second half of …
Brazil Maintains GDP Forecast for 2025 While Adjusting Inflation Estimates Read More
Brazil’s government has kept its GDP growth forecast for 2023 at 2.3% while raising inflation expectations to 4.9%. As the central bank prepares for another interest rate hike, the government …
Brazil Maintains 2023 GDP Forecast While Adjusting Inflation Rate Read More
The M23 rebels in eastern Congo have rejected negotiations with the Congolese government following significant military gains and sanctions. This situation has complicated peace efforts due to multiple competing processes …
M23 Rebels Leverage Battlefield Gains to Avoid Talks in Eastern Congo Read More
Switzerland fined Lara Warner, former compliance chief of Credit Suisse, 100,000 Swiss francs for failing to report a suspicious transaction linked to Mozambique’s finance ministry, part of the larger tuna …
Switzerland Fines Former Credit Suisse Executive Over Mozambique Case Read More