Stories for December 30th 2024

Monday, December 30th 2024 - 23:13 UTC
Brazil's financial markets adjust 2025 projections for the worse

Monday's issue of Brazil's Central Bank's (BCB) Focus Bulletin twitched last week's 2025 slightly for the worse, with higher inflation and a smaller Gross Domestic Product (GDP), Agencia Brasil reported. The study showed that the Broad Consumer Price Index (IPCA) should end 2025 at 4.96% from the 4.86% forecast last week. It was the 11th adjustment to the inflation projection and the ninth to the exchange rate between the local real and the US dollar.
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Monday, December 30th 2024 - 22:37 UTC
Paraguayan gang believed to be behind Misiones cop murder

The town of Eldorado in the Argentine province of Misiones dawned Monday with a commando-style group -reportedly of Paraguayan origin- storming at around 7 am into the Gendarmería Nacional Regional Unit III inside the local aeroclub killing Misiones Police Corporal Mauricio Miñarro with three shots in the head. Two FAL rifles and two 12-70 shotguns were stolen in the raid.
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Monday, December 30th 2024 - 10:58 UTC
Hard times ahead for Lula and Brazilian Real, the most devalued currency in 2024

US dollar expectations in the Brazilian market are beating forecasts having reached R$ 6.30 in December, (from 4.85 in January 2024) making the Brazilian Real one of the largest currencies of emerging countries, as the most devalued during 2024, despite the Central Bank pumping some US$ 17 billion to the market hoping to contain the slide.
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Monday, December 30th 2024 - 10:51 UTC
Azerbaijan Airlines E-190's back boxes sent to Brazil

Authorities said that the black boxes of the Brazilian-built Embraer 190 Azerbaijan Airlines jet that crashed on Wednesday in Kazakhstan will be sent to the manufacturing country's aviation watchdog to further investigate the causes of the accident near Aktau, a port on the Caspian Sea in western Kazakhstan, far from the aircraft's planned route.
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Monday, December 30th 2024 - 10:43 UTC
WaPo says Paraná Waterway riddled with drug trafficking

The Paraguay-Paraná Waterway channeling myriads of tons of cargo every year is one of the leading passages of cocaine shipments bound for Hamburg and Antwerp, among other destinations, the Washington Post reported. It runs for more than 3,300 kilometers, connecting at least 150 ports in five countries. It is arguably the most important river trade route on the continent.
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Monday, December 30th 2024 - 10:40 UTC
Former US President Jimmy Carter dies aged 100

Former US President James Earl “Jimmy” Carter Jr. (1977-1981) died Sunday in the State of Georgia, The Carter Center confirmed on social media. He was 100. He had been in hospice care in Plains, Georgia, since February 2023. Former First Lady Rosalynn Carter died on Nov. 19, 2023, at age 96.
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Monday, December 30th 2024 - 10:40 UTC
Falklands, Commander BFSAI visits remote mountain radar stations

The Commander of the British Forces South Atlantic Islands, BFSAI, with HQ at the Falkland Islands Mount Pleasant Complex, Brigadier Duff has been visiting the most isolated teams, such as remote mountain radar heads to wish them a Merry Christmas and offer his personal thanks in the form of a Christmas hamper.
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Monday, December 30th 2024 - 10:39 UTC
BYD EV manufacturer clashes and apologizes to one of its main markets due to slavery-like conditions

The Chinese BYD electric car factory construction in northern Brazil has turned out into a dispute between Chinese investors and Brazilian authorities who accused the Chinese contractor of having Brazilian labor working in slavery-like conditions that allegedly entered the country with temporary labor visas.
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Monday, December 30th 2024 - 10:30 UTC
Argentine SMEs post 21.7% improvement in exports

Argentina's Chamber of Small and Medium Enterprises (CAME) reported this weekend that exports between January and November exceeded US$ 9 billion, representing a 21.7% growth in shipments and 27.5% in tonnage, mainly to Brazil and Chile. Overall, South America accounted for 33.1% of sales.
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Monday, December 30th 2024 - 10:25 UTC
Uruguay confident Argentine tourists will save the Summer season

Uruguayan tourism analysts predict a 16% growth in spending from foreign travelers during the Summer. An increase in Argentine visitors is expected given the peso's recovery against the US dollar under Javier Milei's Libertarian administration, while the Brazilian front conveys the opposite image after a recent devaluation of the real.
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