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Cocoa costs skyrocketed to unmatched heights in 2024, surpassing all major commodities. The marketplace saw a shocking 175% gain over 12 months. This remarkable rise stemmed from bad harvests in Ivory Coast and Ghana, the world's leading cocoa producers.Supply worries and market volatility drove cocoa futures to record levels. Rates reached
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Read more: [Brazil] - Cocoa Reigns Supreme: The Sweet Surge of 2024's Top Commodity
Write comment (94 Comments)Soccer superstar Lionel Messi has made a bold move into the real estate market. The Argentine player listed his property portfolio as a Real Estate Investment Trust (REIT) in Spain. This venture, named Edificio Rostower Socimi, debuted with a valuation of €223 million ($232 million).
Messi’s REIT owns a diverse array of properties. It includes s
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- Category: Brazil
Read more: Lionel Messi Ventures into Real Estate with $232 Million Portfolio
Write comment (98 Comments)The Mexican peso ended 2024 on a weak note against the U.S. dollar. Experts and the Bank of Mexico (Banxico) pointed to favorable bets on the American currency as the primary cause. Speculative changes also played a role ahead of the U.S. administration change.Banxico's records show the peso closed at 20.8829 systems per dollar in interbank o
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Read more: Dollar Strength Pushes Mexican Peso to Yearly Low as 2024 Ends
Write comment (92 Comments)Vietnam's 86 million Facebook users deal with a new truth as Decree 147 takes effect. This sweeping web law, implemented from December 25, 2024, mandates social media platforms to verify user identities and share data with authorities.Tech giants like Facebook and TikTok need to now gather Vietnamese contact number or ID numbers from users, shop
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Read more: Vietnam's Digital Crackdown: New Law Reshapes Online Freedom
Write comment (91 Comments)Bolivia's gas reserves have actually diminished significantly over the previous five years. The state-owned company YPFB reported a 50% decrease in licensed reserves since 2018. Current reserves stand at 4.5 trillion cubic feet (TCF), down from 8.95 TCF in 2018. YPFB President Armin Dorgathen blamed this steep drop on a number of elements. Previous accreditation
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- Category: Brazil
Read more: Mismanagement and Overconsumption Deplete Bolivia's Gas
Write comment (91 Comments)Toyota Motor Corporation deals with a curious scenario. The world's biggest automaker reports decreasing production for the tenth successive month, yet its sales continue to increase. This paradox highlights Toyota's durability in a tough global market.In November 2024, Toyota's worldwide production fell by 6.2% compared to the previous year. The c
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Read more: Toyota's Paradox: Sales Climb as Production Slips
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