Brazil’s Ports and Airports Ministry Announces Public Auction for Key Port Terminals Amid Recovery from Flood Crisis In a significant move aimed at bolstering Brazil’s maritime infrastructure, the Ports and Airports Ministry announced on Friday that a public auction for the operation of five critical port terminals will take place on August 21. This highly anticipated event comes at a crucial time as the country recovers from recent natural disasters and seeks to invigorate its economy through enhanced port capabilities. The auction will include three terminals in the northeastern city of Recife, one in Rio de Janeiro, and one in…
Author: BRICS+ News Services
Pátria Renda Urbana Expands Portfolio with Significant Pernambucanas Acquisition In a strategic move to bolster its holdings, Pátria Renda Urbana (ticker: HGRU11) is acquiring 23 additional stores from the Brazilian retail giant Pernambucanas. The transaction, valued at R$ 223 million, signifies an increased investment in a tenant that already represents a substantial portion of the fund’s portfolio. Details of the Transaction The purchase is structured in installments. HGRU11 has made an initial payment of R$ 66 million and will disburse an additional R$ 113 million upon completing certain due diligence procedures. The remaining balance of R$ 44 million will be…
Iran Set for Runoff Presidential Election: Pezeshkian and Jalili to Compete on July 5 Iran’s political landscape is gearing up for a decisive runoff election on July 5, as no candidate managed to secure a majority in the initial voting round. This election, which saw a total of 24,535,185 votes cast, will determine the next president of Iran, filling a crucial role at a time of significant internal and external challenges. Leading the field in the initial count is Massoud Pezeshkian with 10,415,991 votes. Pezeshkian, a prominent figure in Iranian politics, is known for his medical background and has previously…
Belgium and Jordan Urge Immediate Humanitarian Actions in Gaza and West Bank In a determined humanitarian plea, Belgium and Jordan have jointly called for urgent actions to address the ongoing crisis in Gaza and the occupied West Bank. This initiative comes in the wake of escalating tensions and deteriorating living conditions in these regions. The call to action, outlined in a social media campaign by the two nations’ missions to the United Nations, includes five pivotal points aimed at safeguarding human rights and providing immediate relief to those affected. A Call for Ceasefire and Respect for Human Rights The foremost…
Rainbow Chicken Set to Soar as Stand-Alone Entity on Johannesburg Stock Exchange Rainbow Chicken, one of South Africa’s most recognizable brands, will begin trading on the Johannesburg Stock Exchange (JSE) from July 1. The move marks a significant milestone as the company unbundles from its former parent company, RCL Foods, to become a stand-alone entity. The decision to list Rainbow Chicken on the JSE follows a thorough review by the board of South Africa’s consumer goods giant, RCL Foods Ltd. Earlier this year, the board announced its plans to spin off its vertically integrated poultry division. The newly independent Rainbow…
South Africa Grapples with Coalition Government for the First Time as ANC Loses Grip Historic Shift in the Political Landscape South Africa’s 2024 general elections have marked a significant turning point in the nation’s political trajectory, as the ruling African National Congress (ANC) experienced a staggering decline in voter support. After dominating the political scene for decades with nearly three-quarters of the vote in 2004, the ANC’s share dramatically fell to just 40% this year. This unprecedented drop is largely attributed to years of poor economic performance and widespread corruption, which have driven many disillusioned supporters to seek alternatives. The…
BRICS Nations Propose Grain Exchange to Strengthen Agricultural Trade In a significant development for global agriculture, the BRICS group of countries has thrown its weight behind an initiative to establish a grain exchange. Russian Agriculture Minister Oksana Lut made the announcement on Friday, highlighting the immense potential of the proposed platform. The exchange aims to streamline direct transactions between buyers and producers, a move that could revolutionize agricultural trade within the BRICS alliance. The initiative has also garnered the support of Russian President Vladimir Putin and is expected to be a key topic during the upcoming BRICS summit, scheduled to…
iStock
BRICS Nations Forge Ahead with Innovative Grain Exchange Initiative In a significant move aimed at revolutionizing the global agricultural trade, the BRICS group of nations have collectively endorsed a groundbreaking initiative to establish a grain exchange. This strategic development, announced by Russian Minister of Agriculture Oksana Lut on Friday, marks a pivotal step towards enhancing direct transactions between buyers and producers within this influential coalition. The BRICS conglomerate, consisting of Brazil, Russia, India, China, and South Africa, alongside recently inducted members Egypt, UAE, Ethiopia, and Iran, is poised to host this transformative exchange. The initiative has garnered the enthusiastic backing…
Ethiopia stands at a critical crossroads as it grapples with the detrimental effects of ethnic politics that have plagued the nation for the past three decades. The implementation of ethnic federalism by the TPLF has led to the marginalization of certain ethnic groups, inciting tensions and conflicts across the country. The recent atrocities in Tigray exemplify the need for Ethiopia to move away from divisive ethnic politics and prioritize national unity and inclusivity. Historically, Ethiopia has a rich heritage of multiculturalism and diversity that should be celebrated and upheld. The current trend of ethnic-based discrimination and violence goes against the…