Sources from Chile’s economic development agency and government confirm that Chinese firms BYD and Tsingshan have withdrawn from major lithium processing projects in Chile.

Both companies had planned to invest a combined $523 million in new plants, aiming to produce lithium iron phosphate (LFP) cathodes and batteries essential for electric vehicles.

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The Central Reserve Bank of Peru reduced its benchmark interest rate by 25 basis points to 4.5% on May 8, 2025, as confirmed by the bank’s official statement.

The board’s decision followed four months of holding rates steady and came as a response to mounting external risks and a modest uptick in domestic inflation. The move surprised many a

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Canada's production sector suffered a major problem in April, with Statistics Canada reporting a loss of 31,000 jobs in the industry.The national unemployment rate likewise rose greatly to 6.9%. This marks the highest jobless rate because November and signals that U.S. tariffs are now directly affecting Canada's export-driven industries.The task
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On May 9, 2025, President Donald Trump announced on Truth Social that an 80% tariff on Chinese imports “seems appropriate,” marking his first public proposal to reduce the current 145% tariff.

This announcement comes just before high-level trade talks in Switzerland, where Treasury Secretary Scott Bessent and chief negotiator Jamieson Greer will

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Brazilian President Luiz Inácio Lula da Silva stood out as the only leader from a major democracy to attend Russia’s Victory Day parade on May 9, 2025.

Nearly 30 world leaders joined Russian President Vladimir Putin and China’s Xi Jinping in Moscow, but most hailed from authoritarian regimes or Russia’s traditional allies.

European Union leaders,

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Brazil’s industrial sector posted a 4.7% revenue increase in the first quarter of 2025 compared to the previous quarter, according to the National Confederation of Industry. Year-on-year, the sector saw a 10.8% jump.

This growth stands out after a 2.4% drop in March revenue, which reversed some earlier gains. The Brazilian Institute of Geography

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