The Inter-American Development Bank (IDB) granted Brazil a credit line of up to 1,000 million dollars to promote digital transformation in the South American country through better connectivity, the adoption of new technologies by the private sector, the training of digital talent and the…
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OECD warns about the growth of informal trade in Latin America
The Organization for Economic Cooperation and Development (OECD) warned that the crisis generated by the pandemic will cause strong increases in labor informality, inequality and poverty in several Latin American countries, so the…
China plans to work with Brazil in comprehensive strategic partnership
This Saturday, the Minister of Foreign Affairs of China, Wang Yi, expressed his intentions to strengthen ties of union and cooperation with Brazil, in order to promote a comprehensive strategic partnership and continue advancing in the…
Brazil becomes first Latin American country to launch bitcoin fund
This week, Brazil became the first country in Latin America to launch its own Exchange-Trade Funds (ETF) through the Brazilian Securities and Exchange Commission (CVM).
The exchange-traded fund was called "Hashdex Nasdaq Crypto Index ETF",…
Brazil stands out as the largest influencer in Latin America
Mexico, Brazil and Argentina are the Latin American countries with the greatest influence, according to the latest Global Soft Power Index 2021 report from the consulting firm Brand Finance.
This year, the ranking incorporates 12 new Latin…
Commerzbank will close subsidiaries in Venezuela and Barcelona
Germany's second private commercial bank, Commerzbank, plans to close its branches in Barcelona (Spain) and Venezuela, and also sell its subsidiaries in Brazil and Hungary.
The measure is due to the results released by the entity in 2020…
Bolsonaro seeks to accelerate privatization of Eletrobras
The president of Brazil, Jair Bolsonaro, along with other members of the Government, handed over to Congress an interim measure to accelerate the privatization of the energy company Eletrobras.
The company is on the list of State companies…
Telefónica sells 60% of its subsidiary in Chile
The telecommunications company Telefónica has announced the sale of 60 % of its infrastructure company in Chile called InfraCo to the international investment firm KKR, for 600 million dollars, as reported this Monday by the National…
Brazil will eliminate diesel taxes
The president of Brazil, Jair Bolsonaro, announced that the government will eliminate federal taxes on diesel for two months, in order to seek the tax exemption indefinitely, and will abolish tax rates on gas permanently.
This was…
Facebook will reduce political content in its post feed
Facebook will control the prominence of political content on its eponymous social network and this week will carry out a test to reduce this type of publications among a limited number of users in Canada, Brazil and Indonesia, and later in…
Softbank will invest 1,000 million dollars in Latin America
The Japanese conglomerate SoftBank Group plans to invest this year about 1 billion dollars from its Latin American private equity fund due to the possible boost of technological growth in the region due to the Covid-19 pandemic.
"We are…
Brazil’s recovery could turns slow
The risks associated with the evolution of the pandemic in Brazil and the cooling of emergency aid granted by the Government of Jair Bolsonaro could imply a scenario of slower economic recovery or even a temporary reversal of it.
This was…