Category: Economy
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How Fixed Wireless Access 5G is Overcoming the Digital Divide
When working from home and attending school virtually became part of everyday life during the COVID-19 pandemic, it taught us how vital residential broadband is.
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Women Business Owners Are Optimistic About the Future
Even facing inflationary pressures, supply chain disruptions, and economic uncertainty, women business owners and executives of small and medium-sized enterprises predominantly owned by women have an optimistic outlook on the short-term future of their businesses, according to a recent survey. The PNC Bank survey found that the expectations of women business owners (WBOs) for their…
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Eurasia Group Releases ‘Top Risks’ Forecasts for 2023
Eurasia Group, the world’s leading firm in research and consulting on global political risks, has published its “Top Risks,” the highly anticipated annual review of the company’s ten biggest threats to the trajectories of nations, industries, and institutions. Revealed every January, Top Risks helps investors, businesses, and members of the public prepare for and respond…
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Brazil and Argentina Study Creation of a Common Currency for Trade
The economic teams of Brazil and Argentina will work on a proposal to create a common currency that can be used in trade and financial flows. The goal would be to reduce operational costs and dependence on foreign currencies. In a statement in Buenos Aires, Argentina, Lula said that this will be done “with a…
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Minister of Finance: Nothing Can Prevent Brazil’s Push to Join the OECD
Brazil’s Minister of Finance, Fernando Haddad, said today (Jan 18) that the country may request changes to its proposal to join the Organisation for Economic Co-operation and Development (OECD). The topic is being discussed in a working group that is expected to advise President Luiz Inácio Lula da Silva on the next steps to be…
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More Than 400 Food Products Recalled Due to Possible Listeria Contamination
More than 400 food products sold under dozens of brand names have been recalled due to a possible listeria contamination, the U.S. Food and Drug Administration (FDA) announced. The recall from Fresh Ideation Food Group LLC includes sandwiches, salads, yogurts, wraps, and other ready-to-eat products sold in nine states and Washington, DC, from January 24…
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2023 – An Important Year for the Food Industry
The retail food industry faced challenges and opportunities in 2022. This year brought ongoing disruptions from the COVID-19 pandemic and rising financial pressures due to inflation, dramatically increasing costs for both retailers and consumers. The Consumer Price Index for all consumers rose more than 0.4% from August to now, and all prices increased 8.2% compared…
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Unemployment in the U.S. is the Lowest in 50 Years
The economy added more jobs in January than expected by economists. Employers created 517,000 jobs, according to the Department of Labor, a significant increase from the 260,000 new jobs recorded in December. Highlighting the extraordinary vitality of the labor market is the unemployment rate, which fell to 3.4%, the lowest since 1969, meaning that unemployment…
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Good News for Tourists: Changes in Exchange Rules and Reduction of IOF
The year started with good news for Brazilian tourists traveling abroad. Some measures have come into effect that should facilitate and reduce the cost of transactions in foreign currency. Check out the updates below.Reduction of the Financial Operations Tax (IOF)Since January 2, making international purchases has become cheaper, as the IOF rate has been reduced…
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Are Tipping Requests Out of Control?
On social media, yet another controversial topic is sparking discussions. This time, the debate involves a traditional practice in the United States: tipping. Many consumers have been complaining that the practice is becoming abusive. They are voicing concerns about tipping requests at drive-thrus or when purchasing just a muffin or a coffee at the neighborhood…