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The global oil market experienced significant turmoil over the past 24 hours, with crude prices plummeting to their lowest levels in months following a double shock of OPEC+ supply increases and Trump’s tariff announcements.
As of this morning, WTI crude is trading at $66.20 per barrel, continuing its downward trajectory with a loss of 0.245
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Read more: Historic Oil Selloff: Brent Crude Posts Largest Single-Day Loss Since August 2022
Write comment (94 Comments)Gold rates settled at $3,101.31 on Friday morning, dropping 0.24% from the previous close as traders examined the effect of new U.S. tariff policies. The rare-earth element experienced extreme volatility over the past 24 hours, according to the most recent NYMEX trading data.Gold rose to an unprecedented high of $3,167.57 on Thursday after President
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Read more: Gold Retreats from Record High as Markets Digest Trump Tariffs
Write comment (96 Comments)Private financial experts have slashed Mexico's 2025 development projection to 0.41% in a Bank of Mexico survey, marking the fourth successive downgrade because January 2024 and the lowest projection in 12 months.This down spiral shows mounting pressures from strained trade relations, industrial contraction, and financial restrictions, overthrowing earlier hopes
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Read more: Economists Cut Mexico's Growth Forecast to 0.41%, Says Banxico
Write comment (95 Comments)Chilean President Gabriel Boric and Indian Prime Minister Narendra Modi announced formal negotiations for a Comprehensive Economic Partnership Agreement (CEPA) throughout bilateral talks in New Delhi this week.The deal aims to change a minimal 2007 trade pact, with both leaders advising groups to complete terms by 2025. Bilateral trade reached $2.6
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Read more: Chile-India Talks Target Lithium, Trade Expansion, and Antarctic Cooperation
Write comment (96 Comments)Ecuador deals with a high-stakes presidential overflow on April 13 between leftist prospect Luisa González and incumbent Daniel Noboa, separated by less than 17,000 votes in February's very first round.González, a protégé of previous President Rafael Correa, leads recent accredited polls by 2-3 portion points, though experts alert the race stays volatile.Ecuador faces a high-stakes governmental overflow on April 13 in between leftist prospect Luisa Gonzlez and incumbent Daniel Noboa, separated by less than 17,000 votes in Februarys first round.Gonzlez, a protg of previous President Rafael Correa, leads current accredited polls by 2-3 portion points, though analysts warn the race stays unstable. Noboa, who acquired office in November 2023 after his predecessor liquified Congress, seeks a complete term by interesting service interests amid economic uncertainty.Gonzlezs platform revives Correas state-driven policies, focusing on social welfare and public facilities. She targets voters disappointed by rising unemployment and inequality.Noboa, heir to a banana empire, stresses private-sector collaborations and energy reforms to bring in foreign investment. Both prospects grapple with surging criminal activity and a fractured legislature, making complex efforts to pass reforms.The first-round results revealed plain divides: Gonzlez dominated rural locations, while Noboa protected metropolitan. A March survey of 3,000 voters showed Gonzlez at 51.4%support, Noboa at 48.6%, with a 1.8 %margin of error.Leftist Gonzlez Narrowly Leads Ecuadors Presidential Runoff Polls.(Photo Internet reproduction)A separate study of 5,422 participants narrowed the space somewhat, reflecting moving allegencies. Security dominates voter concerns, with murder rates doubling since 2021 and unlawful mining fueling violence.Ecuadors Runoff ElectionNoboa vows military-led crackdowns, while Gonzlez advocates social programs to address origin. Financially, Noboa intends to broaden oil exports and stabilize energy grids, taking advantage of global market disruptions.Gonzlez promises renewable resource financial investments and task production through public works. Magnate fear her policies might prevent foreign capital, while unions criticize Noboas austerity measures.With 82% citizen turnout in February, the runoff will evaluate Ecuadors tolerance for polarizing ideologies. The elections result will shape local alliances, particularly regarding Chinas growing impact and U.S. trade relations.As both candidates court uncertain citizens, Ecuadors choice between continuity and populist revival underscores more comprehensive Latin American struggles to stabilize development and equity.
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Read more: Leftist González Narrowly Leads Ecuador's Presidential Runoff Polls
Write comment (98 Comments)Embraer revealed Sweden's purchase of four C-390 Millennium military transportation airplane during the LAAD Defence - & Security 2025 occasion in Rio de Janeiro, solidifying the Nordic country as the ninth operator of the jet.The $710 million arrangement includes ensured production slots, aligning Sweden with Brazil, Portugal, Hungary, South Korea,
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Read more: [Brazil] - Brazilian Aerospace Firm Embraer Secures Strategic Swedish Deal for C-390 Jets
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