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Global military spending hit a record $2.4 trillion in 2023, a 6.8% rise, with the US and China comprising almost half.However, the most significant increase came from the Democratic Republic of Congo (DRC), which saw its military spending soar by 105%, reaching $794 million. This marked the greatest boost globally.Africa's military expense r
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Read more: DRC and South Sudan Lead Global Surge in Military Spending
Write comment (94 Comments)In May 2024, Colombia's economy grew by 2.4%, a significant leap from last year's modest figures, signaling a strong recovery.This development, the year's second biggest, followed a substantial 5.6% rise in April, suggesting strong upward momentum.Agriculture led this robust expansion with a 4.60% boost, ranking 4th for the year.This sector
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Read more: Colombia's Economic Resurgence in May
Write comment (93 Comments)In the very first half of 2024, Brazil's worldwide tourism rose to 3.6 million arrivals, a substantial increase.This 9.7% boost over the previous year signals an ongoing recovery from pre-pandemic levels, exceeding 2019 by 1.9%. Forecasts now recommend that Brazil may surpass its 2018 high of 6.6 million visitors by year-end. Most tourists flew
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Read more: [Brazil] - Brazil's Tourism Boom: Record-Breaking Visitor Numbers in 2024
Write comment (96 Comments)The dollar rose nearly 2% to R$ 5.586 on Thursday as financiers adopted defensive positions over Brazil's fiscal stability concerns.At 4:30 PM, the industrial dollar increased 1.74%, reaching R$ 5.579 for both purchasing and selling.On the B3 exchange, the first-maturity dollar futures contract (DOLc1) rose 1.69%, hitting 5,591 points. The previous
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Read more: [Brazil] - Dollar Climbs to R$ 5.58 Amid Brazil's Fiscal Uncertainty
Write comment (98 Comments)On July 18, 2024, oil markets closed without a clear direction, with Brent crude inching up 0.04% to $85.11 a barrel.
In contrast, West Texas Intermediate (WTI) fell by 0.17%, ending at $81.30 a barrel. This fluctuation underscored the complex forces at play in the oil markets.
A surprise drop in U.S. crude inventories initially pushed prices up.
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Read more: Oil Prices Waver Amid Market Uncertainty
Write comment (93 Comments)In a definitive relocation, the Israeli parliament has turned down the facility of an independent Palestinian state.This vote casts a long shadow over the Israeli-Palestinian conflict, highlighting the established divisions that have challenged peacemakers for decades.The idea of Palestinian statehood is not new. Originating from the UN's 1947 proposition f
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Read more: Unyielding Gridlock: The Israeli Parliament Rejects Palestinian Statehood
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