Author: Steven Sahiounie

The national oil giant Petrobras will remain under government control. Brazil’s newly returned President Luiz Inacio Lula da Silva has scrapped plans to sell off eight state-run corporate giants, including the oil company Petroleo Brasileiro, known as Petrobras, Brazilian news website G1 reported on Monday. Lula, who was at the helm from 2003 through 2010, was sworn in as Brazil’s president on January 1. Imprisoned for graft in 2018, Lula’s convictions were overturned in 2019, allowing him to defeat Jair Bolsonaro in October’s election. The decision to remove state corporations from the list of state asset sales was one of…

The dire prediction comes amid a broad slide in digital coins. There is no value in cryptocurrencies and investors should sell their digital assets before they become worthless, prominent crypto-sceptic Peter Schiff has suggested. As economists sound the alarm over a so-called “crypto winter” amid the massive drop in the value of digital coins after the collapse of the FTX exchange, Schiff insists that this is not an accurate term to describe the situation. “This is not a #crypto winter. That implies spring is coming. This is also not a crypto ice age, as even that came to an end after a couple of…

The EV manufacturer will have to pay around $2.2 million for what has been labeled incorrect advertising. The antitrust regulator of South Korea is fining Tesla $2.2 million (2.8 billion won) for overstating the driving range of its electric vehicles (EVs), which have turned out to be shorter in cold weather. According to a statement released by South Korea’s Fair Trade Commission on Tuesday, the automaker falsely promoted and exaggerated the driving range and charging speed of its EVs, and also its estimates of fuel-cost savings. According to the watchdog, the driving range of the American EV maker’s cars can…

New year equals new outlook. Apply this formula liberally to travel planning in 2023.After nearly three years of travel disruptions and complications, many countries have dropped most of their pandemic restrictions. People are traveling internationally in large numbers, and there’s plenty of pent-up demand to spread around the world.International tourism was expected to reach 65% of pre-pandemic levels by the end of 2022, according to the United Nations World Tourism Organization, with some areas recently reaching levels closer to 80% or 90% of their 2019 arrivals. And experts are cautiously optimistic about a continued travel rebound.Many travelers are charging full steam ahead…

Projected debut date for CR7 in Saudi ArabiaLegendary forward Cristiano Ronaldo has officially found a new club, signing for Saudi Arabia side Al Nassr in the aftermath of the 2022 FIFA World Cup.Now the question becomes when Ronaldo will begin play for Al Nassr, with clubs having returned from the World Cup break and domestic play resumed.Many players who saw significant World Cup action are still filtering back into their clubs. For example, champion Lionel Messi has yet to return to PSG, although that is expected to take place soon.When will Cristiano Ronaldo debut for Al Nassr?Cristiano Ronaldo is rested…

Ross Stewart’s sixth goal in five games helped Sunderland secure a point at struggling Blackpool, who had Callum Connolly sent off late on.Scotland striker Stewart, who now has a goal in each of his four matches since returning from a troublesome thigh injury, glanced in Trai Hume’s header to level at the Stadium of Light.Shayne Lavery opened the scoring for Blackpool in the first half when he galloped onto a pass from CJ Hamilton and fired past Anthony Patterson.Amad Diallo hit the crossbar, as did Stewart before his leveller, and it proved a nervy finish for the 10-man Seasiders once…

mobile point-of-sale system, consisting of software and portable hardware, is one technology-based option that can alleviate pressure.understanding of their operations at any point in time by connecting all in-store and ecommerce channels.In addition, mPOS solutions can also help retailers in stocktaking, inventory receiving, and transferring stock to and from a central warehouse. Partial cycle counts and automated warehouse transfers prompted by specific reason codes improve accuracy while minimizing errors. Stocktaking is generally performed twice a year, giving plenty of time for stock discrepancies to develop. The ability to employ mPOS devices for stocktaking and cycle counts simplifies stock verification and…

Unlike Lula’s first two terms in office, the current economic outlook is gloomy with high inflation and interest rates.In early October, Jair Bolsonaro’s poll-defying performance in Brazil’s first-round presidential election revitalised his stuttering campaign.Ultimately, though, it was Luis Inácio Lula da Silva (or Lula) who triumphed in the nail-biting run-off vote. The tally was close, with Lula clinching victory by just 1.8 percentage points.Tensions have been running high since then and will remain elevated until January 1, when Lula will be inaugurated.In a highly divisive and violent election, Lula’s promise to protect democracy and reduce poverty galvanised left-wing voters. He…

New law will help double family-owned businesses’ contribution to the nation’s GDP to $320 billion in 2032 by preparing them for the future economyThe new family business law looks set to strengthen corporate sector and diversyfy the UAE economy by attracting investment in key sectors and contributing more to the country’s gross domestic product (GDP) in coming years, experts say.New law, which becomes effective this week, will follow best international practices and aim at enhancing corporate governance structure in the country. It will help double family-owned businesses’ contribution to the nation’s GDP to $320 billion in 2032 by preparing them…

Spanish consumer prices rose 5.8% in December – at their slowest annual pace this year, thanks to lower electricity prices compared to a year ago, flash data from the National Statistics Institute (INE) showed on Friday.Still, core inflation, which strips out volatile fresh food and energy prices, was at 6.9% year-on-year, higher than the 6.3% recorded a month ago, the INE data showed.In November, Spain had the lowest inflation in the 27-member European Union with a rate of 6.7%, after peaking in July at around 11%.”We make a very positive reading. Five points in five months … Core inflation is…