Link to article: https://www.reuters.com/world/americas/canadian-firm-lobbies-brazil-amazon-potash-mine-permit-2022-03-31/ Toronto based potash Brazil Potash Corp urges Brazil to open a potash mine in the Amazon to stop reliance on imports, which were disrupted with the Ukrainian War. The company’s owner, Stan Bharti, met with Bolsonaro to discuss the Amazon mining project worth 2.5 billion dollars which was held up since 2017 due to the indigenous… Read more »
Link to article: https://apnews.com/article/russia-ukraine-putin-technology-caribbean-europe-333356e67f5e52e4506870d4b66f0f4d US Senator Marco Rubio will co-chair a hearing Thursday with US officials to talk about China’s growing influence in Latin America. He worries, especially as the US focus is on Russia, that China will become a growing power in the future while Russia is dwindling. China is becoming a top trade partner, financing infrastructure, and aiding… Read more »
Link to Article: Canada’s economy likely gains momentum as Omicron wanes | Reuters The Canadian economy is starting to have gains now that COVID restrictions are being lifted. Canada had for the first time since the beginning of the pandemic a quarter where their GDP was higher than it was at the beginning of the pandemic. This is occurring at… Read more »
Link to Article: Mexico inflation descent to be long, slow process, board member says | Reuters The Mexican Central Bank has recently said that the inflation of the Mexican Peso is going to be a long descent and will likely not be down until 2024. Mexico is trying to lower their inflation to be below 3%. The current rate of… Read more »
Link to Article: Brazil police say Bolsonaro committed no crime in interference probe | Reuters The Brazilian president Bolsonaro has been cleared of possible crimes related to messing with police affairs. Back in 2020 Bolsonaro replaced the director general of the Brazilian police. This happened at the same time that one of Bolsonaro’s sons was under investigation by the police…. Read more »
Link to article: https://www.reuters.com/world/americas/us-preps-possible-spike-border-crossings-officials-mull-lifting-covid-curbs-2022-03-29/ United States officials are facing a challenge with the anticipated influx of migrants at the US-Mexico border if COVID restrictions are released. The policy, put into place in March 2020 under the Trump administration, is called Title 42 COVID-19 health order. Implemented by the CDC, there is now a deadline this week to address the future… Read more »
Link to article: https://www.reuters.com/business/energy/venezuela-could-add-400000-bpd-oil-output-if-us-approves-licenses-petroleum-2022-03-11/ Venezuela could increase its oil output to at least 400,000 barrels per day. This increase would only happen if the United States authorizes the request by PDVSA, the Venezuelan state-owned oil and natural gas company, to trade venezuelan crude oil. As stated by Venezuela’s Petroleum Chamber, Reinaldo Quintero, This would allow the OPEC member’s oil production… Read more »
Link to article: https://www.reuters.com/world/americas/south-american-nations-push-exclude-fertilizer-russia-sanctions-2022-03-10/ Nations in South America are proposing the exclusion of fertilizer from sanctions on Russia. This proposal is supported by Argentina, Bolivia, Chile, Paraguay, and Uruguay, and was initiated by Brazil. The proposal will be submitted to the United Nations’ Food and Agriculture Organization. Brazil being one of the world’s top food producers argues that crop nutrients,… Read more »
Link to article: https://www.reuters.com/business/environment/bolsonaro-pushes-mining-brazils-indigenous-lands-citing-fertilizer-pinch-2022-03-09/ The Brazilian President, Jair Bolsonaro, attempted to rush through a law that would allow mining on indigenous reservations to get fertilizer supplies. His efforts to rush the bill were unsuccessful as party whips decided it might anger voters in an election year. The bill will be studied and considered again in 30 days. Brazil is the… Read more »
Link to article: https://www.theguardian.com/business/2022/mar/01/sanctions-are-neither-new-nor-guaranteed-to-be-effective-just-look-at-cuba It has been 60 years since the United States first imposed economic sanctions on Cuba and the country has continued under a socialist regime the entirety of that time period. US sanctions have had a variety of effects on the countries being sanctioned. In Cuba, it is estimated that the economy has lost around 130 billion… Read more »
