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According to a current study by BBVA México, remittances to México are predicted to increase by 8.9% in 2023, reaching a historical high of approximately US$ 63.7 billion.This outlook surpasses previous projections that forecasted flows of around US$ 62.6 billion for the year.In the very first half of 2023, remittances to the nation reached US$ 30.238 billion,
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Read more: Record-breaking remittances: Mexico expects US$ 63.7 billion inflow in 2023
Write comment (97 Comments)The United States expressed its willingness to ease sanctions on Venezuela’s oil sector, potentially allowing more businesses and nations to import Venezuelan oil, provided Nicolás Maduro’s government takes steps toward holding free and fair elections.
A White House spokesperson stated, “Should Venezuela take genuine actions to reinstate democracy,
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Read more: U.S. signals possible easing of sanctions on Venezuela pending democratic reforms
Write comment (98 Comments)In a current advancement, Patricia Bullrich, the presidential nominee from the center-right coalition Juntos pela Mudança, voiced her opposition to Argentina's addition in the BRICS union, which comprises Brazil, Russia, India, China, and South Africa.Libertarian candidate Javier Milei echoed this sentiment.Speaking at the 20th Council of the
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Read more: [Brazil] - Argentine presidential candidates of the ideal decline BRICS accession
Write comment (94 Comments)Nicaragua experienced a 3% development in its Monthly Economic Activity Index (IMAE) in June 2023 compared to the very same month in the previous year, as detailed by the country's Central Bank.The IMAE evaluates the performance of a country's 17 major economic sectors and informs investment decisions.For the first half of 2023, from January to June, the IMAE
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India’s Chandrayaan 3 achieved a significant milestone with a successful landing near the Moon’s south pole, a potential repository for frozen water.
This accomplishment places India alongside pioneering nations like the U.S., Russia, and China.
Earlier missions primarily targeted equatorial regions, but recent endeavors focus on the south pole due
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Read more: Lunar liquid gold: India joins elite circle in the race for Moon’s water treasure
Write comment (95 Comments)The International Monetary Fund (IMF) approved a funding of US$ 7.5 billion for Argentina, as announced by an Argentine Ministry of Economy representative in Washington.This approval, validated in an IMF declaration, belongs to the 5th and 6th reviews under Argentina's financial obligation refinancing arrangement with the institution.On the exact same day as the
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Read more: IMF provides green light for US$ 7.5 billion dispensation to Argentina
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