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Brazilian Port Workers Strike Against Government Policy Changes

Argentina Reduces Import Tariffs on 89 Goods Significantly

Electric Motorcycle Rampage in Kenya

In Kenya, there are about 3 million such motorcycles running through the streets; and an "electric revolution" is quietly taking place here.

Brazil's September sugar exports hit a record $1.818 billion.

Meituan Taps into the Middle East

In August this year, Meituan released its earnings report for the second quarter and the first half of 2024, posting revenue of RMB 155.53 billion, a year-on-year increase of 22.9%. Operating profit reached RMB 16.46 billion, up 98.4% year-on-year.

UK Intensifies Crackdown on Illegal Immigration

On August 21, 2024, the UK Home Office announced the recruitment of up to 100 intelligence officers for the National Crime Agency (NCA) to tackle organized crime gangs exploiting asylum seekers using small boats to cross the English Channel. This initiative forms a crucial part of the UK government's strategy to address illegal immigration and criminal activities, aiming to curb these criminal networks' operations facilitating unlawful entry into the UK.

Peruvian President Boluarte Kicks Off Visit to China

Peruvian President Dina Boluarte is on a state visit to China from June 25 to 29, marking his first visit to the country. Shenzhen is the first stop of President Boluarte's visit. During his time in Shenzhen, Boluarte visited several well-known Chinese companies, including Huawei and BYD.

Zhongai Cloud Secures CNY Multi-Million Angel Round Financing

EqualOcean has learned that recently, the Chinese traditional medicine big data diagnostic platform Zhongai Cloud (中艾云) announced the successful completion of a CNY multi-million angel round financing. The funding was jointly led by Xincheng Investment (鑫诚创投) and the Comely Bodyline Industry Fund (歌曼丽产业基金) . This capital injection will primarily support ongoing product development and market expansion.

CRRC Changchun Signs Agreement to Export 24 Metro Trains to Brazil

EqualOcean has learned that Belo Horizonte, the capital of Minas Gerais, Brazil, recently signed a contract for a project involving 24 metro trains, which will be developed by CRRC Changchun Railway Vehicles Co., Ltd(中车长春轨道客车股份有限公司).

Mexico Upholds Anti-Dumping Duty on Chinese Metalized Plastic Balloons

On June 11,The Mexican Ministry of Economy announced in the official gazette that it has decided to adjust the anti-dumping duty on metalized plastic balloons originating from China, setting the rate at 161%. This measure took effect on June 8, 2023, and will remain in place for five years.

Chile's Exports Surpass USD 40 Bn in First Five Months,Service Exports Hit Record High

EqualOcean reports that the latest data from the Chilean Ministry of Foreign Affairs' International Economic Relations Undersecretariat indicates that Chile's exports reached USD 41.784 billion from January to May this year, marking a 1.9% increase or an additional USD 784 million compared to the same period last year. Among these, service exports set a new record.

Brazil's Petrobras Strengthens Partnership with Bank of China

Since President Lula took office at the beginning of 2023, Brazilian oil giant Petrobras has accelerated its financial activities.

Top 10 Most Valuable Companies in Brazil for 2024 Announced

Brazilian Stock Exchange (B3) recently released the list of the top 10 most valuable companies in Brazil for 2024. Leading the list is Petrobras (Petróleo Brasileiro S.A.), followed closely by Itaú Unibanco and Vale.

Yangpu District and Brazil Deepen Cooperation, Sign Significant Partnership Agreement

EqualOcean reports that on June 5, to celebrate the 50th anniversary of diplomatic relations between China and Brazil and to support the 7th Meeting of the China-Brazil High-level Coordination and Cooperation Committee, the China-Brazil Business Seminar was held in Beijing.

China and Brazil Hold Meeting to Expand Trade Negotiations

China and Brazil Strengthen Bilateral Relations with Expanded Trade Talks. As the BRICS alliance seeks further de-dollarization and expansion in 2024, member countries are also committed to expanding relations with each other.

Ipsos Survey Reveals 90% of Chilean Respondents Use Social Media Daily

A recent report from the internationally renowned polling firm Ipsos Group reveals that 90% of Chilean respondents use social media daily for communication, connecting with others, and browsing or creating audiovisual content, with only 1% reporting no use of social media.

Bolivian Heavy Transport Sector Blocks Roads, Fuel Transport Likely Affected

EqualOcean has learned that starting June 3, the Bolivian National Heavy Transport International Chamber (CBT) began blocking roads in several provinces to protest diesel and dollar shortages. This blockade could potentially impact the transportation of over 10 million liters of fuel.

Latin American Nations Raise Tariffs on Chinese Goods

EqualOcean has learned that in recent weeks, Mexico, Chile, and Brazil have all raised tariffs on Chinese steel products, in some cases more than doubling them. Colombia may also implement similar measures.

Chinese-Invested Peruvian Port Expected to Be Completed and Operational by Year-End

EqualOcean has learned that since May, the Peruvian Chancay Port terminal project, constructed under Chinese investment, has been progressing steadily and is expected to be completed by November this year, becoming a major logistics hub in Latin America.

China Railway Commences Construction of Oruro Highway Project in Bolivia

May 13th, local time in Bolivia, the groundbreaking ceremony for the Oruro-Challapata Section 1 bidirectional highway project (hereinafter referred to as the "Oruro Highway Project"), undertaken by China Railway(中国中铁), was held in Oruro. Nearly a thousand representatives from the Bolivian government, participating construction units, and communities along the highway attended the ceremony. Bolivian President Luis Arce personally attended the event and delivered a speech.