Category: Economy
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Why Vacation Days Are Disappearing in the U.S.
August is the official vacation month in the United States. And although Instagram gives us the impression that everyone is traveling this summer, it’s not quite like that. It’s alarming how few vacation days Americans take. According to a report from The Washington Post, American workers are taking fewer vacation days than ever. Official data…
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The Era of Cheap Streaming Is Coming to an End
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in Arts & Culture, Brazil, Business, Economy, Entertainment, Geral, In Focus, Inside, TV, United States, Video, WorldDisney CEO Bob Iger announced that the company will increase Disney+ prices for the second time in less than a year. The monthly cost of the ad-free plan will rise by $3 to $13.99 in October. Hulu, in which Disney has a majority stake, will also raise the monthly cost of its ad-free subscription by…
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DeSantis’ Policy: People, Events, and Businesses Are Leaving Florida
One thing is true: in a war, there are casualties. Florida Governor Ron DeSantis’ “woke war” is no exception. DeSantis, who promises that if elected president, he will make the United States more like Florida, has been promoting a wave of extremist legislation in his state. He has restricted academic freedom and banned diversity and…
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Drex: Understand What It Is and How the Digital Real Will Work
The virtual version of the real took another step towards implementation on Monday (7). The Central Bank (BC) announced that the Brazilian digital currency will be called Drex. With the platform in the testing phase since March and the first simulated operations scheduled for September, the digital real aims to expand business possibilities and stimulate…
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Drex: Central Bank of Brazil to Launch Virtual Currency in 2024
The Central Bank of Brazil announced its plan to adopt a virtual currency by 2024, called “Drex,” which will have a value equivalent to the physical money currently in circulation.
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American Credit Card Debt Hits Record $1 Trillion
American credit card debt has just reached a new and undesirable milestone: for the first time, it exceeds $1 trillion, according to data released on Tuesday (8) by the Federal Reserve Bank of New York. During the second quarter, credit card balances surged by $45 billion, or nearly 4.6%, to $1.03 trillion, according to the…
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Agribusiness Leaders at Event at the Jockey Club of São Paulo
São Paulo will host the 1st edition of Agrotalk Business on August 8, an invitation-only event that will open discussions on the current Brazilian economic scenario. The confirmed speakers are: Antonia Fontenelle, entrepreneur and commentator; Antonio Cabrera Mano Filho, former Minister of Agriculture; Evaristo de Miranda, researcher at Embrapa; Paulo Junqueira, president of the Rural…
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Federal Government Expands Access to Credit for Small Businesses
On August 1, the U.S. Small Business Administration (SBA) began implementing changes aimed at expanding small businesses’ access to capital. The improvements to the 7(a) and 504 loan programs will increase small businesses’ ability to access financing to start and grow through a broader network of lenders with streamlined procedures. The SBA has also made…
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H&M enters Brazil
H&M announces plans to launch its stores in Brazil in 2025. H&M continues its expansion in Latin America by initially entering the major cities in Southeast Brazil, aiming to further increase its presence throughout the country over time. H&M opened its first store in Latin America in Mexico in 2012, and today it is also…
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Brazil Attracts 41% of Foreign Direct Investment in Latin America in 2022
Benefiting from the global economic recovery following the COVID-19 pandemic, Latin America and the Caribbean recorded an increase in foreign direct investment (FDI) in 2022, reaching a historic high, as announced by the Economic Commission for Latin America and the Caribbean (ECLAC). Last year, the region attracted US$ 224.58 billion in foreign investments to its…