Author: HotspotorlandoNews

BRAZIL ECONOMY:  Selic Rate Should Return To 15% For The 1St Time Since 2006 BRAZIL The basic interest rate, Selic, should reach 15% or more in 2025, a level that has not been recorded since 2006. Currently, the interest is at 12.25% per year, but the monetary authority has indicated that it will increase it by 2 percentage points. According to the Focus Bulletin, financial agents predict a rise to at least 15% in July.

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By Christina Anagnostopoulos Not all places in the world celebrate the end of the year on December 31. Here’s a few other celebrations to bring in the New Year. LUNAR NEW YEAR Lunar New Year is typically celebrated in China, South Korea, Vietnam and other Asian countries. The festivities begin with the first new moon and end with the first full moon 15 days later based on the lunar calendar. Since this changes each year, it usually kicks off between January 21 and February 20 of the Western calendar. Before Lunar New Year, houses are cleaned to remove bad luck,…

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Migrants in Mexico anxious to enter US legally before Trump ends humanitarian programs Hundreds of migrants waited in long lines outside an immigration office in southern Mexico on Monday, hoping to secure safe passage north and enter the U.S. legally before President-elect Donald Trump takes office in January. Trump plans to end President Joe Biden’s humanitarian programs, including one that allows migrants in parts of Mexico to make an appointment on a U.S. government app, known as CBP One, to approach a port of entry and enter the U.S. legally.

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Angelina Jolie, Brad Pitt reach divorce settlement ending eight-year dispute Actors Angelina Jolie and Brad Pitt have reached a divorce settlement, her lawyer told Reuters on Tuesday, bringing an end to one of Hollywood’s most contentious and closely followed celebrity splits. Jolie filed for divorce from Pitt, her husband of two years and romantic partner since 2005, eight years ago. The relationship between two of Hollywood’s most well-known actors had provided steady fodder for the tabloid media for years.

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Lula’s embrace of new Brazil central banker has markets wary Galipolo replaces Bolsonaro appointee, vows continuity Lula’s picks hold majority of policy seats from January Market meltdown adds urgency to questions about handoff BRASILIA, Dec 30  After months of rancor, ties between President Luiz Inacio Lula da Silva and Brazil’s central bank look poised for an era of sweetness and light – which is precisely what worries some investors. Gabriel Galipolo, 42, is set to take the reins at the bank on Wednesday. The former deputy finance minister has earned a reputation for economic views that sometimes stray from his…

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