Brazil launched the “Janela Única de Investimentos” (Single Investment Window) portal, through which it will seek to attract international investment, reduce licensing procedures, and facilitate business creation.

According to the government announcement, the portal centralizes all the services, opportunities, and guidance needed for investors, promising to “reduce the time required to obtain licenses and documents by 35 %, in addition to increasing the volume of international resources by 12 %.”

The tool is structured around three main areas: “services for investors, provision of data and statistics, and promotion of the benefits that Brazil offers to investors.” It is planned to facilitate the opening of companies, investor visas, and support for key sectors such as biofuels and infrastructure. Furthermore, services related to patents and social security are expected to be included in the future.

In this regard, Vice President and Minister of Development, Industry, Trade, and Services, Geraldo Alckmin, stated that the country will be more attractive to global investors and added: “We are firmly committed to reducing costs, timelines, and bureaucracy, to providing tax breaks for investments, and to making life easier for those who want to produce and generate wealth, employment, and income in the country.”

In addition to this technological initiative, a decree was signed creating a program to offer legal assistance to international investors in the South American nation.

M.Pino

Source: tvbrics

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In Latin America, Ecuador maintains the lowest inflation rate in the region. During the month of July, annual inflation stood at 0.72 %, which, according to the National Institute of Statistics and Censuses (INEC), represents a slowdown compared to 1.57 % in the same month in 2024.

According to the local agency, this “represents an annual decrease of 1.32 percentage points.” However, it is important to clarify that “when inflation falls, it is usually interpreted as a sign of stability; the drastic drop in price levels over the last year reflects weak demand and possible economic stagnation.”

Domestically, the Consumer Price Index (CPI) grew only 0.11 percentage points monthly between June and July; a sign of a lack of dynamism in economic activity, reinforced by a drastic drop in prices in “key sectors.”

Service prices continue to rise, as do products in the Basic Family Basket, which comprises 75 items nationwide. In this regard, a comparison is made between the price of the basic basket in July, which was $813.82, and the monthly family salary for the same period, which was $877.33, “which means there is a surplus of $63.51.”

M.Pino

Source: radiopichincha

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La entrada Ecuador maintains the lowest inflation rate in Latin America apareció primero en Bitfinance.

Digital crimes are a threat to virtually every productive sector worldwide. Just as they empty people’s bank accounts, steal personal data, and impersonate others, hackers are finding new ways to affect sectors such as industry, healthcare, manufacturing, education, telecommunications, and supply chains, among others.

Internet criminals are using increasingly sophisticated methods, including the use of AI that allows for virtually imperceptible impersonation, to breach the protective barriers of individuals and businesses, as well as universities, oil facilities, healthcare centers, manufacturers, and more.

Among the most common attack methods is the introduction of malware into both personal and corporate computers to steal information. But cybercriminals also commit crimes through phishing, asset theft, card cloning at points of sale, malicious applications, and cyberespionage.

Losses from cyberattacks are in the millions. Beyond companies seeing their data exposed or simply losing it to hackers, there’s also the theft of assets, money in bank accounts that ends up in the hands of cybercriminals, data ransom demands, and operational disruption.

Solving all of this comes at a cost. In this sense, some projections of losses from cyberattacks this year point to more than $10.5 trillion.

M.Pino

With information from international media

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Eurozone inflation for the month of September, which stood at 1.7 %, was the lowest since April 2021, according to Eurostat.

The inflation rate slowed by half a percentage point compared to the 2.2 % rise in prices for the month of August.

According to data from the community statistical office, the value had initially been calculated at 1.8 %. On the other hand, “for the European Union as a whole, the inflation rate reading for the month of September shows a drop of three tenths, to 2.1 %”.

This slowdown in inflation in the eurozone in September reflects the 6.1 % drop in the cost of energy, which fell 3 % year-on-year in August, while fresh food prices rose by 1.6 %.

Also, “the price of non-energy industrial goods rose 0.4 % year-on-year in September, unchanged from the increase in August”.

The countries where the greatest increase in the cost of living was seen are Romania (4.8 %), Belgium (4.3 %) and Poland (4.2 %). On the contrary, the nations with the lowest price increases with an impact on the cost of living are Ireland (0 %), Lithuania (0.4 %) and Slovenia (0.7 %).

M.Pino

Source: forbes.es

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La entrada Eurozone inflation reached 1.7 % in September apareció primero en Bitfinance.

In Latin America, the country that will have the greatest economic growth in 2025 is Guyana, according to the predictions of analysts and organizations such as the World Bank, which projects an expansion of 12.3 %.

On a par with world economies, such as China and India, Guyana is preparing for growth supported by “its vast natural resources and the drive of a new industry.” The country, with some 800,000 inhabitants, has demonstrated sustained growth for five years. According to the latest report “on global economic prospects in the Latin American and Caribbean region, the World Bank (WB) adjusted its forecasts and highlighted the economic boom of a country, with exceptional growth projections for 2025.”

Guyana went from being one of the poorest nations in the region to one of the richest in terms of per capita income in five years. This is demonstrated by data from the WB 2024 report, which projects an expansion of 12.3 % for 2025. “Guyana’s economy expanded by 43.5% in 2020, 20.1% in 2021, 63.3 % in 2022, and 33.8 % in 2023. Growth of 43.0 % is expected for this year,” they say in the report.

One trump card that this country has been able to use is oil, which has made it the fourth-largest oil producer in the world, “above historically productive nations such as Qatar, the United States, Mexico and Norway.”

Although its economy is based on agriculture, gold and diamond mining, and forestry, “up to the beginning of this year, reserves of approximately 11 billion barrels of oil were discovered” with the possibility of reaching 17 billion.

The discovery of oil on the coasts allowed a substantial increase in GDP. Current production is almost double that of Ecuador and is expected to reach 800,000 barrels per day next year.

M.Pino

Source: cronista

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On September 16 and 17, the Business Leaders Summit will be held in Caracas, at the Eurobuilding Hotel, organized by Explosión Creativa under the motto “Venezuela del Futuro” to celebrate its 20th anniversary.

“The Explosión Creativa, a multi-platform event for good ideas, knowledge and business, has dedicated its career to promoting different projects in the areas of innovation, business development and entrepreneurship in Venezuela.”

Experts will meet at the event to give a series of conferences, business roundtables, as well as a “300-meter commercial exhibition in the pavilions of the tourism, agro-industry, automotive, retail, technology, health, banking, logistics, and other sectors.”

Leaders from the industrial, technological and banking sectors will gather in one place, with the participation of Colombia as a guest country thanks to the alliance between Pro Colombia and Explosión Creativa.

“Colombia’s participation has a special significance since the recently announced industrial economic zone will be promoted. It is an ideal opportunity for the private sector,” said Carlos Sánchez, CEO of the EXC Management Group by Explosión Creativa.

According to Juan Colmenares, Commercial Vice President, this year’s motto, “Venezuela of the Future” is a “bet on technological innovation as a potential for economic growth.”

 

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Una publicación compartida por Explosion Creativa (@explocreativa)

Awards to Venezuelan businessmen

The Business Leaders Summit is focused on “businessmen, investors, merchants, managers, company executives, entrepreneurs and the public,” who will enjoy the presentation of the Venezuelan Business Oscars and the Explosión Creativa Awards on Monday 16, in a gala evening to “recognize the success stories and the visionaries committed to innovation in the country.”

This year, Creative Explosion began a national tour of the Business Leaders Summit that started from Margarita Island, continued through Caracas and then moved on to Barquisimeto and Lecherías. “They also plan to reach the cities of Valencia, San Cristóbal, Maracaibo and Puerto Or65daz in the second half of 2025.”

Investment promotion and recovery of the productive apparatus

Among the objectives of this initiative are the efforts to “promote the best scenario for doing business, promote and boost non-traditional exports; present opportunities for the private sector of the Special Economic Zones as an intelligent economic development plan; highlight the rise of entrepreneurship, success stories and opportunities to strengthen it, support the reactivation of the productive apparatus with the promotion of investments in Venezuela as an investment destination, present the companies that support the Country Brand and that raise the name of Venezuela; promote technology and innovation as transversal processes for economic development.”

M.Pino

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La entrada Business Leaders Summit to be held in Caracas on September 16 and 17 apareció primero en Bitfinance.

On Thursday, May 23, the president of Venezuela, Nicolás Maduro, announced that he has allocated $7,657,093 to finance 210 projects in different key areas for the country, most of them led by women.

In a televised event, Maduro declared: “Today we are going to deliver the corresponding amount in dollars, to 7,657,093 dollars, doing a lot with what we have and generating resources, generating more and more resources based on the research applied to the technology, health, education.”

He highlighted that 821 women participate in the 210 projects that will be financed. He explained that of the total number of projects, 70 in the research area are related to the agri-food sector, “41 to the pharmaceutical sector, 29 to the field of social sciences, 15 to the dissemination of scientific and technological knowledge, 14 to hydrocarbons, 14 to the environment, 6 to the industry, 10 to the scientific hotbed and 1 to education.”

Maduro insisted on the need to disseminate these initiatives so that the population is aware of what is being done: “We must make a communication effort through the networks, the media, by institution, by university, so that the example of All these research projects, applied technology, infect generations of young people who are being trained throughout the country with a thirst for knowledge.”

The president also referred to the importance of activating the mechanisms for assigning training scholarships in postgraduate and higher preparation programs to all scientists in the country, both in national universities and for institutions abroad.

In this regard, he mentioned integration with the BRICS group, as an alternative so that Venezuelan researchers “can study in universities outside the country so that they can assume cooperation in knowledge and articulation with the world that has already been born.”

M.Pino

Source: elaragueno

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La entrada Nicolás Maduro approved more than USD 7 million for research projects apareció primero en Bitfinance.

The Minister of Petroleum, Pedro Tellechea, chaired a meeting with the board of directors of PDVSA Gas to analyze strategies that allow the country to strengthen the gas sector.

During the meeting, in the city of Anaco, Anzoátegui state, Tellechea took stock of the “productive and operational processes that are fundamental to continue strengthening recovery and growth in the face of illegal sanctions,” as highlighted in his account on the social network X.

Desde el estado Anzoátegui realizamos una importante reunión de balance con la Junta Directiva de PDVSA, donde revisamos la consolidación de procesos productivos y operativos fundamentales para seguir afianzando la recuperación y el crecimiento frente a las sanciones ilegales. https://t.co/xCQCO2W9Al

— Rafael Tellechea (@TellecheaRuiz) May 21, 2024

Likewise, the operational forests and objectives for this year were analyzed; “hiring plans and performance indicators, with the purpose of complying with strategic actions towards achieving objectives.”

The executive vice president of PDVSA, Héctor Obregón, also participated in this meeting; the vice president of Gas and president of Pdvsa Gas, Luis González; the vice minister of Gas and director of Offshore, Paula Henao; and the vice president of Pdvsa Gas, director of Processing, David Molina Ortiz; and other members of the Board of Directors of Petróleos de Venezuela S.A. (PDVSA).

Venezuela’s proven gas reserves amount to 195 trillion cubic feet. This figure places the South American nation in ninth place worldwide.

In this sense, President Nicolás Maduro’s recovery plan “includes optimizing processes and evaluating new perspectives in order to increase proven reserves and promote the country as a safe provider of clean energy, highlighted the PDVSA team.”

M.Pino

Source: ultimasnoticias

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La entrada Venezuela reviews strategies to strengthen the gas business apareció primero en Bitfinance.

Argentina recently presented to the advisory council of the automotive chain the bill for the Promotion of Production of Electric and Hybrid Vehicles. Those responsible for this initiative are the Secretary for Industry and Productive Development, José Ignacio de Mendiguren, and the Secretary for Strategic Affairs of the Presidency, Mercedes Marcó del Pont.

This is a new step for the South American country to delve into the development of new sustainable technologies applied in the national automotive industry, with the support of the Departments of Strategic Affairs, Energy and Transportation.

The bill establishes “improvements in the current regulation, under five axes: benefits for the production and export of electric vehicles, incentives for the production of electrical parts and special equipment, benefits for the production of electric personal mobility vehicles, incentives for the professional training and progress in retrofit regulation (conversion of internal combustion vehicles to electric)”, according to a statement from Industry and Productive Development.

The Secretary for Strategic Affairs of the Presidency, Mercedes Marcó del Pont, stressed that the new project seeks to strengthen a regulatory framework for national production, as well as support for local suppliers in the auto parts and equipment sectors.

She also assured that the “national production of hybrid and electric vehicles” is a priority for the State, in addition to being a “shared objective” with the private sector and unions.

M.Pino

Source: americaeconomia

(Reference image source: Michael Fousert, Unsplash)

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La entrada Argentina towards the automotive energy transition apareció primero en Bitfinance.

The world’s leading company in the manufacture of Bitcoin and cryptocurrency mining equipment, Bitmain, donated 1 million dollars to the Hong Kong Polytechnic University with the purpose of financing the execution of projects that allow revealing the “underlying benefits of mining”. of Bitcoin, projecting towards zero emissions. mining and renewable energies.

The company made this announcement through its main portal, where it explained that it will support research focused on determining contamination levels of cryptocurrencies, renewable energies, and energy generation processes.

As is well known, there are various investigations with antagonistic positions on the impact of Bitcoin mining on the environment. A study called “Bitcoin Net Zero” concluded that bitcoin “does not represent any kind of threat to the ecosystem and that the electricity consumption of its network is very low compared to other sectors.”

For its part, the Environmental Protection Agency (EPA) determined that “disturbing” results have been produced in the levels of contamination produced by Bitcoin mining.

Pillars of research

Bitmain in its announcement explained the 4 pillars on which it structures the investigations. The first refers to the need to verify the real levels of contamination from bitcoin mining, which could be achieved by analyzing, identifying and measuring the carbon footprint produced by the industry.

The second investigation will focus on “how Bitcoin is promoting the use of renewable energy for mining” in order to meet the goal of “100 % green mining with zero emissions” that the Bitmain company is proposing.

The third pillar will be based on “how bitcoin is optimizing energy generation processes” or smart energy. This study aims to analyze the efforts that governments and private organizations have been making in the development of innovative electricity generation technologies for Bitcoin mining and the advantages that the sector is imparting to the activity.

Finally, the company plans to carry out a sustainability study, which will focus on “how companies in the Bitcoin field have committed to achieving the goal of Zero Emissions promoted by the United Nations Organization (UN) for the year 2050”.

M. Rodríguez

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La entrada Bitmain donates $1 million to research bitcoin mining apareció primero en Bitfinance.