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Innovative Antibiotic Tackles Global Superbug Threat

For years, the global medical community has grappled with the challenge of superbugs—bacteria that have developed resistance to standard...

Western Union Reconnects US-Cuba Financial Lifeline

On Thursday, Western Union resumed its remittance service to Cuba, reconnecting the economic lifeline that many Cubans depend on. This...

Brazil’s Robust Sugar Harvest Stabilizes Global Supply

For the second year running, Brazil's sugar production has increased, promising to stabilize lower prices and alleviate shortages faced by global markets. The country, renowned...

Robust Q1 Earnings for Major Brazilian Banks in 2024

In early 2024, Brazil's top four retail banks earned a remarkable R$26.3 billion ($5.16 billion), marking a 12.4% year-over-year...

Dorival Junior Announces Brazil Squad for Friendlies and Copa América

Brazil's head coach Dorival Junior announced the Copa América squad and also listed players for the pre-tournament friendlies in...

Germany Deploys State-of-the-Art Frigates in Strategic Indo-Pacific Push

As dawn illuminated the Port of Rota in Spain, the Baden-Württemberg (F222), Germany's newest...

Brazil’s Robust Sugar Harvest Stabilizes Global Supply

For the second year running, Brazil's sugar production has increased, promising to stabilize lower prices and alleviate shortages faced...

Robust Q1 Earnings for Major Brazilian Banks in 2024

In early 2024, Brazil's top four retail banks earned a remarkable R$26.3 billion ($5.16 billion), marking a 12.4% year-over-year...

Brazil’s Inflation Rises to 0.38% in April

Brazil's inflation rose to 0.38% in April, exceeding March's 0.16% but falling below April of last year's 0.61%. The Brazilian...

CPFL Gains as B3 Faces Quarterly Profit Drop

CPFL Energia (CPFE3) reported a substantial net profit of R$1.75 billion ($342.1 million) for the first quarter. This marked a 6.3% increase from the same period in 2023, driven primarily by its improved energy distribution operations. In...

Brazilian Government and BID Launch Flood Recovery Measures in Rio Grande do Sul

On Thursday, Brazil's government announced an economic recovery package to assist Rio Grande do Sul following severe flooding. President Luiz Inácio Lula da Silva led...

Political Rifts and Rate Decisions: Brazil’s Central Bank at a Crossroads

(Analysis) Late one Wednesday evening, the Central Bank of Brazil subtly lowered the Selic rate from 10.75% to 10.50%. This modest adjustment, though minor, reveals deep political rifts within the bank's leadership that reflect broader economic...

The Rise of Congressional Authority in Brazil

(Analysis) In Brazil, 2013 marked a pivotal year as legislative reforms transformed the power dynamic between the Executive and Legislative branches. These adjustments significantly altered the management of presidential vetoes, amplifying Congress's role in governance. Previously, Brazilian...

Banco do Brasil Outperforms Expectations in a Volatile Financial Quarter

In the dynamic world of 2024, Banco do Brasil (BBAS3) shows resilience and strategic adaptation. Despite a 1.5% quarterly dip in adjusted net profits, the bank posted an 8.8% annual growth, earning R$9.3 billion ($1.82 billion). This...

Oi’s Q1 Losses Skyrocket 120% to $545 million

Oi, a major Brazilian telecommunications provider, faces a severe financial crisis while navigating its second judicial reorganization since March 2023. The company disclosed a first-quarter 2024 net loss of R$2.78 billion ($545 million), soaring 120% from...