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economy

Bimbo’s profit in 2022 reached more than $2,000 million

Grupo Bimbo registered a net profit of approximately 2,500 million dollars in 2022, almost tripling the result obtained in the previous year, when it reached a figure of more than 800 million dollars, that is, 195 % more. According to the accounts report of the Mexican bakery, this better result is…
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Inflation continues to rise in Venezuela

As a result of the constant increase in the prices of goods and services, Venezuela could reach an inflation rate of 300 %. Economists point out that the injection of millions of dollars into the banking sector by the Central Bank of…
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Brazil’s economy grew 2.9% in 2022

The Brazilian Economic Activity Index (IBC) grew by 2.9 % in 2022, which is interpreted as the advance data of the Gross Domestic Product (GDP) of Brazil, which will be released in early March by the Brazilian Institute of Geography and…
Business

The United Arab Emirates to issue its CBDC

A recent announcement on digital finance in the United Arab Emirates reported notable progress in launching a CBDC, as a further step towards digital payments. The Board of Directors of the Central Bank of the UAE indicated this Sunday in…
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IMF and El Salvador assess the region’s economy

The Government of El Salvador received a visit from the Executive Board of the International Monetary Fund (IMF) to evaluate the economy of the region. The meeting is held as part of the traditional visit that the IMF maintains with member…
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Binance temporarily suspends dollar transfers

Binance, the world's largest cryptocurrency exchange, announced a temporary suspension of US dollar (USD) bank transfers effective February 8. The news came without any explanation, although the company added that they are working to…