Category: Politics
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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 $1.03 trillion, according to the…
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Brazil Attracts 41% of Foreign Direct Investment in Latin America in 2022
Benefiting from the global economic recovery following the COVID-19 pandemic, Latin America and the Caribbean recorded an increase in foreign direct investment (FDI) in 2022, reaching a historic high, as announced by the Economic Commission for Latin America and the Caribbean (ECLAC). Last year, the region attracted US$ 224.58 billion in foreign investments to its…
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Nubank reaches 80 million customers in Brazil
Nu Holdings Ltd surpassed 80 million customers in Brazil in July 2023. Along with its operations in Mexico and Colombia, the company reached 85 million customers in Latin America. This number has more than doubled in two years, since June 2021, when Nubank had a customer base of 41 million. Based on official data from…
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Brazil Can Be Richer and Greener
Brazil is in a strong position to provide a better life for its population while also successfully facing the threat of climate change, according to a new report from the World Bank Group. The “Country Climate and Development Report for Brazil” outlines that Brazil can become a global clean energy powerhouse and save the Amazon…
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Trump Indicted for Attempting to Overturn Election Results
Former President Donald J. Trump was indicted on Tuesday (1) for his widespread effort to overturn the 2020 election, following an extensive federal investigation into his attempts to remain in power after losing the presidency. The indictment, presented by Special Counsel Jack Smith in the Federal District Court in Washington, claims that Trump conspired three…
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Starting in 2024, Americans Need a ‘Visa’ to Visit Europe
Next year, American citizens will be required to obtain a travel authorization to enter 30 European countries. The European Union announced a new program that will come into effect in January 2024. What you need to know Before purchasing a ticket or booking a hotel, visit the “European Travel Information and Authorization System (ETIAS)”. On…
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Starting in 2024, Americans Will Need a ‘Visa’ to Visit Europe
Next year, U.S. citizens will be required to obtain a travel authorization to enter 30 European countries. The European Union announced a new program that will come into effect in January 2024. What You Need to Know Before purchasing a ticket or booking a hotel, visit the “European Travel Information and Authorization System (ETIAS)”. On…
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Trump Leads in Republican Race for the White House
Former President Donald J. Trump is dominating the race for the Republican presidential nomination. In second place is Governor Ron DeSantis, according to the first poll conducted by The New York Times/Siena College regarding the 2024 campaign. Trump, who has 57% of the voting intentions, has decisive advantages in almost all demographic groups and regions…
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American Economy Grows More Than Expected and FED Raises Interest Rates Again
The economic recovery in the United States gained momentum in the spring, as high consumer spending and a resurgence in business investment helped keep recession at bay once again. The inflation-adjusted gross domestic product increased at an annual rate of 2.4% in the second quarter, according to the Commerce Department. This was above the growth…