Author: Gobeva

Brazil’s economy is set to cool this year, a Reuters survey found, amid an intensifying tug of war between the government and some lawmakers over which sector should pick up the tab for adjustments needed to meet ambitious budget goals. Gross domestic product (GDP) increased more than expected in 2023 partly due to improved investor optimism over Finance Minister Fernando Haddad’s efforts to rectify deep imbalances. But the picture on that front is now more mixed. The country’s fiscal side “remains the weakest link among its macroeconomic fundamentals,” Rabobank analysts wrote in a report, warning of a possible rise in…

It is less than a year before the U.S. election in 2024, when American voters will decide on the president and the governing direction for the next four years. The current president, Joe Biden, is most likely to run as the Democratic nominee, while former President Donald Trump could still represent the Republicans. In other words, we might repeat the 2020 race. Recent polls indicate that Biden is behind Trump in several key battleground states including Wisconsin and Michigan, where Biden only won by razor-thin margins in the last election, further complicating the situation. In recent years, China-U.S. relations have…

A third wave of Russian forces is attacking the eastern Ukrainian town of Avdiivka and systematically shelling the center of the industrial hub, its Ukrainian head said Friday. The nearly-encircled town near the Russian-held regional stronghold of Donetsk has faced a fierce onslaught for more than a month. “The third wave (of assaults) began. They are attacking from all directions, from the flanks of the south and north, as they did before. They are attacking the industrial zone,” Vitaly Barabash, the head of the town, said. Avdiivka has been on the front line since 2014 and is part of the…

LIMA, Dec 7 (Reuters) – Peru’s justice oversight board suspended Attorney General Patricia Benavides amid an anti-corruption probe and as protesters on Thursday called on President Dina Boluarte to resign on the anniversary of her first year in office. Prosecutors allege that over the last six months, Benavides led a team of officials who were coordinating a scheme in which lawmakers facing criminal investigations could be cleared if they agreed to appoint or dismiss certain judges. An anti-corruption team from Benavides’ own office has been investigating her and the officials. In a statement late on Wednesday, the justice board said…

The Philippines has delivered a significant blow to China’s ambitious Belt and Road Initiative (BRI) by opting to exit the trillion-dollar infrastructure project of President Xi Jinping. The announcement followed a recent collision between a Philippines boat and a Chinese coastguard vessel in the South China Sea. Furthermore, China’s military alleged that a Philippines military ship entered waters near Scarborough Shoal without permission. The Philippines’ decision comes on the heels of the grand Belt and Road Initiative Summit in Beijing where President Xi welcomed leaders and delegates from over 140 nations to commemorate the project’s decade-long journey. The Philippines’ Department of Transportation has announced…

Peru’s digital nomad visa allows individuals to work remotely from the country, provided they do not receive salaries from Peru-based companies. If you’re a digital nomad with dreams of experiencing the majestic wonder of the world — Machu Picchu — we have exciting news for you! Peru will launch its digital nomad visa, inviting remote workers to create workspaces in this South American paradise. Now, you can fulfil your travel aspirations, from trekking in the Colca Canyon to exploring Lima, all without the hassle of visa concerns. Peru’s digital nomad visa has been introduced through an update to the current foreign immigration…

Peruvian power producer Engie Energia Peru SA (LIM:ENGIEC1) said that it has signed an agreement to acquire companies that own 76.8 MW of wind power assets in the Andean country. The package includes the 18.4-MW Duna and 18.4-MW Huambos operational wind farms, and a pair of greenfield wind projects, Naira I and Naira II, each of 20 MW. The assets are located in the Peruvian region of Cajamarca. Financial details were not disclosed. Engie Energia Peru also did not name Spanish renewables company Grenergy Renovables SA (BME:GRE) as the seller. Grenergy connected Duna and Huambos to the grid in early 2021. The…

MOSCOW, Oct 15 (Reuters) – President Vladimir Putin said on Sunday that suggestions the United States should prepare for a war against Russia and China were nonsense, and warned the West that any war against Russia would be on a whole different level to the conflict in Ukraine. A bipartisan panel appointed by the U.S. Congress said on Thursday that Washington must prepare for possible simultaneous wars with Moscow and Beijing by expanding its conventional forces, strengthening alliances and enhancing its nuclear weapons modernization programme. Putin, who is to visit China this week, said the United States had stoked tensions with Beijing by building…

The US President Joe Biden was hosting a second summit with some Pacific Island leaders in Washington on Monday. Some Chinese experts said rather than calling it a “welcome tour,” it’s more like a “brainwashing trip” as the ultimate goal of the US government is instrumentalizing and militarizing the region to serve its own interests, making it an important pivot in the southern hemisphere to weaken China’s influence while increasing US’ dominance not only economically but also in areas such as military and security. The meeting is expected to focus on topics such as combating illegal fishing, opening embassies, promising…

Peru will exercise caution when it comes to cutting borrowing costs to avoid inflation flaring up again at a time of anaemic economic growth, the head of the country’s central bank, Julio Velarde, told LatinFinance. “Inflation has come down. It had never been outside the target range for as long and we are going to be cautious with interest-rate easing so that we do not return to inflation,” Velarde said in an interview on the sidelines of the annual meeting of the World Bank and International Monetary Fund in Marrakech, Morocco. Peru’s headline inflation rate was 5% annualized through September, with…