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Canada’s millennials twice as likely to live with parents as boomers once were

7 May 2026 at 02:33
Millennials were twice as likely to live with their parents in 2021 than baby boomers were at the same age, a trend that was particularly acute in expensive cities but not fully attributed to affordability challenges. Read More

Iran weighing latest U.S. proposal to reopen Strait of Hormuz

7 May 2026 at 01:20
The U.S. and Iran were circling around a fresh proposal to end the war on Wednesday, as President Donald Trump searches for an exit from a conflict that has elevated energy prices and damaged his political standing. Read More

Trump administration eyeing oil under U.S. military bases for reserve refill

7 May 2026 at 00:29
The Trump administration is studying using oil under land at U.S. military bases and other Department of War sites to help refill the nation’s depleted emergency reserves, according to a person familiar with the matter. Read More
  • ✇The Rio Times
  • Braskem Q1 2026 Operational Data Weak but Citi Sees Spread Recovery Ahead Richard Mann
    Braskem (B3: BRKM5), Latin America’s largest petrochemical company, released its Q1 2026 operational report on Tuesday May 5, showing Brazilian resin sales of 782,000 tonnes (down 3 percent year-on-year) and chemical sales of 622,000 tonnes (down 2 percent), with domestic ethylene utilisation falling to 69 percent from 74 percent a year ago, according to the […] The post Braskem Q1 2026 Operational Data Weak but Citi Sees Spread Recovery Ahead appeared first on The Rio Times.
     

Braskem Q1 2026 Operational Data Weak but Citi Sees Spread Recovery Ahead

6 May 2026 at 18:59

Braskem (B3: BRKM5), Latin America’s largest petrochemical company, released its Q1 2026 operational report on Tuesday May 5, showing Brazilian resin sales of 782,000 tonnes (down 3 percent year-on-year) and chemical sales of 622,000 tonnes (down 2 percent), with domestic ethylene utilisation falling to 69 percent from 74 percent a year ago, according to the […]

The post Braskem Q1 2026 Operational Data Weak but Citi Sees Spread Recovery Ahead appeared first on The Rio Times.

  • ✇The Rio Times
  • Ninth Failed Power Tender Pushes Ecuador Toward October Blackout Risk Florencia Belén Ruiz
    Ecuador’s electricity deficit problem worsened on Monday, May 4, 2026 when the Corporación Eléctrica del Ecuador (Celec) declared its 77 million dollar tender for a 50 MW diesel-generator lease at Pascuales failed because all four bidders were disqualified for missing minimum requirements or contract deadlines. The collapse marks the second power-contract failure in less than […] The post Ninth Failed Power Tender Pushes Ecuador Toward October Blackout Risk appeared first on The Rio Times.
     

Ninth Failed Power Tender Pushes Ecuador Toward October Blackout Risk

6 May 2026 at 18:57

Ecuador’s electricity deficit problem worsened on Monday, May 4, 2026 when the Corporación Eléctrica del Ecuador (Celec) declared its 77 million dollar tender for a 50 MW diesel-generator lease at Pascuales failed because all four bidders were disqualified for missing minimum requirements or contract deadlines. The collapse marks the second power-contract failure in less than […]

The post Ninth Failed Power Tender Pushes Ecuador Toward October Blackout Risk appeared first on The Rio Times.

  • ✇The Rio Times
  • Paraguay Pays $150M to Construction Sector to Clear State Debt Backlog Sofia Gabriela Martinez
    Paraguay construction debt is being cleared on schedule, the Ministry of Public Works (MOPC) confirmed on Tuesday, May 5, 2026, after the government released 106 million dollars to road and infrastructure contractors in April against an original target of about 60 million dollars. The Santiago Peña administration committed in mid-April to disburse a total of […] The post Paraguay Pays $150M to Construction Sector to Clear State Debt Backlog appeared first on The Rio Times.
     

Paraguay Pays $150M to Construction Sector to Clear State Debt Backlog

6 May 2026 at 18:42

Paraguay construction debt is being cleared on schedule, the Ministry of Public Works (MOPC) confirmed on Tuesday, May 5, 2026, after the government released 106 million dollars to road and infrastructure contractors in April against an original target of about 60 million dollars. The Santiago Peña administration committed in mid-April to disburse a total of […]

The post Paraguay Pays $150M to Construction Sector to Clear State Debt Backlog appeared first on The Rio Times.

  • ✇The Rio Times
  • Prio Posts $460M Q1 Profit as Wahoo First Oil Drives Record 155K Barrel Output Iolanda Fonseca
    Prio S.A. (B3: PRIO3), Brazil’s largest independent oil producer, reported Q1 2026 net income of US$460 million on Tuesday May 5, up 33 percent year-on-year from US$345 million, with adjusted EBITDA surging 91 percent to US$852 million on record production of 155,400 barrels per day, according to the company’s earnings release filed with CVM and […] The post Prio Posts $460M Q1 Profit as Wahoo First Oil Drives Record 155K Barrel Output appeared first on The Rio Times.
     

Prio Posts $460M Q1 Profit as Wahoo First Oil Drives Record 155K Barrel Output

6 May 2026 at 18:35

Prio S.A. (B3: PRIO3), Brazil’s largest independent oil producer, reported Q1 2026 net income of US$460 million on Tuesday May 5, up 33 percent year-on-year from US$345 million, with adjusted EBITDA surging 91 percent to US$852 million on record production of 155,400 barrels per day, according to the company’s earnings release filed with CVM and […]

The post Prio Posts $460M Q1 Profit as Wahoo First Oil Drives Record 155K Barrel Output appeared first on The Rio Times.

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