Stories for August 1st 2024

Thursday, August 1st 2024 - 23:00 UTC
Petrobras increases yoy output in 2Q of 2024

Brazil's State-run company Petrobras posted this week a 2.4% interannual increase in oil and natural gas output in the second quarter of 2024, with 2.7 million barrels of oil equivalent per day (boed) thanks to improving performances at five sea platforms and 12 wells, eight of them in the Campos Basin and four in the Santos one. However, compared to this year's first quarter of this year, average production fell 2.8% due to maintenance shutdowns and the natural decline of mature fields.
Thursday, August 1st 2024 - 21:03 UTC
Brazilian flag flies over Argentine Embassy in Caracas

The Brazilian flag was hoisted Thursday at the Argentine Embassy in Caracas, where six Venezuelan asylum seekers were left behind by the departing diplomatic team.
Thursday, August 1st 2024 - 10:50 UTC
Falklands stands down on Argos Georgia missing crewmembers recovery

On Wednesday 31 July 2024, the Falkland Islands Government formally stood down the recovery efforts to locate the missing crew members following the loss of the fishing vessel Argos Georgia. This follows consideration of all circumstances and in line with all international requirements.
Thursday, August 1st 2024 - 10:06 UTC
Musk agrees to fight Maduro “mano a mano”

Tycoon Elon Musk Wednesday accepted Venezuelan President Nicolás Maduro's challenge to engage in a fistfight. “If I win, he resigns as dictator of Venezuela,” the Tesla CEO said in his reply. If defeated, Musk -whose company SpaceX has launched numerous satellites into orbit- also offered to give Maduro a free ride to Mars.
Thursday, August 1st 2024 - 09:11 UTC
Brazil representing Argentine interests in Caracas

Brazil's diplomatic mission in Caracas will be representing Argentina's interests starting Thursday at 9 am local time after the Venezuelan regime of President Nicolás Maduro expelled Buenos Aires' delegation given President Javier Milei's decision not to recognize the results of the elections announced last Sunday whereby the incumbent head of state would have been chosen for the 2025-2031 term.
Thursday, August 1st 2024 - 09:07 UTC
Brazil's Copom keeps Selic unchanged

Brazil's Central Bank (BCB) Monetary Policy Committee (Copom) unanimously agreed Wednesday to keep the Selic basic interest rate at 10.5% per year, Agencia Brasil reported. The measure followed through on June's decision to stop the downward cycle that spanned from August last year until March this year, during which the Selic was lowered by 0.5 percentage points at each meeting until in May it was 0.25 percentage points.
Thursday, August 1st 2024 - 09:06 UTC
OAS fails to pass resolution calling for transparency in Venezuela

The Organization of American States (OAS) Permanent Council was one vote short Wednesday of passing a resolution to demand that Venezuelan electoral authorities publish the minutes of each voting table which would prove there was no fraud last Sunday when the incumbent Nicolás Maduro had been lawfully chosen for the 2025-2031 term.
Thursday, August 1st 2024 - 07:48 UTC
US Fed keeps rates unchanged; chair Powell believes a cut rate “could be on the table in September”

The Unites States Federal Reserve on Wednesday, following on a two day meeting (July 30/31) kept the key interest rate unchanged at a 23 year high of 5,3%, but chairman Jerome Powell said that the stage was set for the central bank's first rate cut in four years. With lower inflation and a cooler jobs market, this could happen at the next FOMC meeting in September.
Thursday, August 1st 2024 - 04:46 UTC
The rise of Latin American video-on-demand platforms: Regional streaming service out to reclaim markets

The Latin American landscape for streaming services is ushering in an exciting time for its subscriber base. For a long time, video-on-demand (VOD) subscription services like Netflix and Amazon Prime have been the dominant players in this industry.<br />
However, regional players such as Blim in Mexico, Looke in Brazil, and Flow in Argentina are gearing up for a showdown as local streaming services look to stamp their claim on their respective markets. Do the big-name streaming services have anything to worry about?
Thursday, August 1st 2024 - 04:38 UTC
Why does the wild west era still fascinate us?

Stories of cowboys and outlaws remain a big part of the entertainment industry. The latest movies and TV shows showcase different aspects of the Wild West period, but why are people still fascinated by it?