Brazil

Welcome to The Rio Times’ daily African news roundup.

We bring you the latest and most significant stories to keep you informed about the continent’s current events.From political updates to cultural highlights, we ensure you stay updated on Africa’s dynamic landscape.

Here are today’s top headlines.Nigeria Targets 2 Million Daily Oil ProductionThe CEO of the Nigerian National Petroleum Corporation Ltd (NNPCL), Mr.

Mele Kyari, highlighted Nigeria’s potential to increase its daily oil output to 2 million barrels with minimal effort, during the Nigerian Oil Gas Energy Week in Abuja.Ethiopia and Somalia Reduce Tensions with Turkey’s MediationAfter mediated discussions in Ankara by Turkey, Ethiopia and Somalia agreed to ease tensions related to a port agreement with Somaliland, planning further meetings to continue their diplomatic progress.Wednesday’s African Short News Roundup.

(Photo Internet reproduction)Dacia/Renault Maintains Leadership in Moroccan Auto MarketDacia/Renault has solidified its position as the leading brand in Morocco’s automobile market, holding a 26% market share in the passenger vehicle segment despite a slight decline in overall vehicle registrations.Angola Showcases Lobito Corridor in SwitzerlandAngola recently highlighted the potential of the Lobito Corridor and its agricultural sector in Basel, Switzerland.

These sectors are key business opportunities aimed at attracting European investment.Tunisia Sets Presidential Elections for October 6Tunisia will hold presidential elections on October 6.

The announcement from the Tunisian presidency did not specify whether President Kais Saied, in power since 2019, will run for re-election.Saied has ruled with an iron fist since assuming full powers on July 25, 2021, by dismissing his Prime Minister and freezing the Parliament.UNHCR Seeks $1.5 Billion for Sudanese RefugeesThe UN Refugee Agency (UNHCR) needs $1.5 billion to assist over 3.3 million people displaced by the ongoing conflict in Sudan.The conflict has also displaced nearly 10 million people, with more than two million crossing into neighboring countries.Nigeria Prepares for Kenya-Style ProtestsAmid growing anger over poor living conditions and corruption, Nigerian state security is on high alert.Mass protests in Kenya, which forced the government to cancel $2.4 billion in tax hikes after 20 deaths, have inspired calls for similar actions in Malawi, Uganda, and Zimbabwe.These countries face high debt and steep tax increases, with their governments accused of mismanagement.Comoros President Appoints Son to Government PostComoros President Azali Assoumani has appointed his son, Nour El Fath, to coordinate government affairs in a cabinet reshuffle.This follows a January election, considered fraudulent by the opposition.

Violent protests resulted in one death and at least 25 injuries after the electoral body declared Assoumani the winner of a fourth five-year term.Guinea-Bissau’s President Criticized for Creating “Anti-Coup Battalion”The creation of an “anti-coup” battalion by Guinea-Bissau President Umaro Sissoco Embaló has faced criticism from civil society and legal experts.Over 600 soldiers have joined this new defense unit, raising concerns about its legitimacy.Critics argue that such decisions require involvement from other state structures, such as the National People’s Assembly.Stay informed with The Rio Times as we bring you the latest developments across Africa.Wednesday’s African Short News Roundup





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International Funds Flock to Chinese Stocks as Government Stimulus Ignites Market Rally


[Brazil] - Suzano Reduces 2024 Cellulose Production by 4% Due to Market Challenges


[Brazil] - Rio Election: Centrist Paes Maintains Lead as Bolsonaro-Backed Ramagem Rises


Havaianas Maker Refocuses on Core Products Under New Leadership


[Brazil] - International Tax Reform: Brazil's Move to Implement 15% Minimum Rate for Multinationals


[Brazil] - Qualicorp Shareholders Clear Founder in Political Scandal


[Brazil] - Brazilian Pharmaceutical Giant EMS Sets Sights on Global Expansion



[Brazil] - Latin American Housing Prices Soar: Colombia and Mexico Lead the Charge


Colombian Oil Sector Faces Challenges as Foreign Investment Declines


[Brazil] - Gold's Glitter Intensifies: United States and Germany Gain Most as Prices Soar Amid Global Tensions


[Brazil] - Court Ruling Could Save Brazil R$ 50B in Tax Refunds and Hamper Export Competitiveness


[Brazil] - Vale Diversifies Portfolio with New Critical Minerals Fund


[Brazil] - Rio Film Festival: Connecting Cinephiles with Global Cinema


[Brazil] - Shellenberger Reveals U.S. Government's Role in Brazilian Censorship Complex


[Brazil] - Brazilian Rap's Shift: From Political Diversity to Left-Wing Elitism


Germany 34 Years After Reunification: Facing Challenges but Poised to Lead Europe


Japan's Gamble on One-of-a-Kind Kostaive COVID Vaccine Dubbed 'Third Atomic Bomb'



Corinthians Narrowly Loses to Flamengo in Copa do Brasil Semifinal


Yen Tumbles as Japan?s New Leadership Cools Rate Hike Expectations


[Brazil] - Ecuador's Tourism Industry Faces Challenges Amid War on Drug Gangs


[Brazil] - Crime Dominates Brazil's Municipal Elections, Testing Lula's Leadership


Brazilian Firms Struggle as Interest Rates Soar and Currency Weakens


Thursday's Soccer Games: Where to Watch Live and Schedules


Uruguay's Tourism Sector: Urgent Need for Revitalization


Saudi Arabia Braces for Wider Budget Deficit as Economic Reforms Accelerate


Philippines' $7 Billion Fighter Jet Tender Attracts Global Aerospace Giants


Peru?s Inflation Cools Below 2%, Marking a Milestone


Niger's Economic Revival: Petroleum Exports Fuel Optimism Amid Challenges


Meta's Strategic Shift: Vietnam to Host Next-Gen VR Headset Production


Congo's Coltan Crisis: M23 Rebels Rake in $300K Monthly from Seized Mines


[Brazil] - Geopolitical Tensions Drive Dollar's Modest Rise Amid Middle East Conflict


[Brazil] - LATAM Airlines Soars: $1.4 Billion Bond Offering Marks Post-Bankruptcy Triumph


[Brazil] - Brazil's Oil Output Drops 3.5% in August 2024, Natural Gas Surges 8%


Ecuador's Congress Resumes Political Trial Against Interior Minister


[Brazil] - Lula Envisions Stronger Brazil-Mexico Trade Ties and Equitable Growth


Economic Challenges: Bolivia Faces 19.7% Export Drop and Trade Deficit


Paraguay's GDP Grows 4.6%: Economy Outperforms 2024 Projections


Sheinbaum Shapes Cabinet: Continuity and Change in Mexico's New Administration





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