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Brazil Sets All-Time Export Record in April on Oil and Soy Surge

Brazil’s April export value hit $34.148 billion, the highest monthly figure ever recorded since the historical series began in 1989, with the trade surplus reaching $10.537 billion (+37.5% YoY) on the back of an oil-price surge tied to the Middle East war and a record soy harvest. Oil-price increases pushed average crude export values up […]

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Brazil Central Bank Buys Dollars in Futures First Time in 10 Years

The Banco Central do Brasil bought $500 million in dollar futures on May 6, marking its first reverse-swap auction since November 2016 and signaling a turn in FX policy as the real surged 11% year-to-date and emerged as the best-performing major currency of 2026. Through the operation the BCB took the buy side of dollar […]

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Spain’s Iberdrola to Invest $9.5 Billion in Brazil Grid Renewal

The Neoenergia concession renewal triggered a R$47 billion ($9.5 billion) five-year investment commitment announced on May 8 across four Brazilian electricity distributors as their 30-year concession contracts move toward signature. Coelba in Bahia leads the package with R$25 billion ($5.1 billion) in capital expenditure through 2030, followed by Cosern in Rio Grande do Norte at […]

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Peru Confidence Drops as Petroperu Refineries Risk Halt

Peru’s energy and economic outlook deteriorated sharply this week as state oil firm Petroperu faces refinery shutdowns and the BCRP three-month business confidence index fell to 44.6 points in April, the first negative reading in 2 years. The Iquitos refinery has paralyzed for lack of crude, and Talara (95,000 barrels per day capacity) and Conchán […]

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USA & Canada Intelligence Brief for Friday, May 8, 2026

The Rio Times — USA & Canada Pulse Issue Nº 18 · ~3,800 words · 14 minute read US nonfarm payrolls rose 115,000 in April against a 65,000 consensus while unemployment held at 4.3 percent, but the BLS revised February down a further 23,000 to minus 156,000 and trimmed the three-month average to 48,000 jobs […]

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Embraer Q1 Profit -51% but Record R$7.6B Rev, US$32B Backlog

Embraer (NYSE: EMBJ, B3: EMBR3), Brazil’s flagship aerospace company and the world’s third-largest commercial aircraft manufacturer, reported Q1 2026 adjusted net income of R$145.4 million ($29M), down 51.5 percent year-on-year from R$299.9 million, while delivering record first-quarter revenue of R$7.6 billion ($1.45B, +18% in BRL, +31% in USD), according to the SEC 6-K filing released […]

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Europe Intelligence Brief for Friday, May 8, 2026

The Rio Times — Europe Pulse Friday, May 8, 2026 · ~3,400 words · 12 minute read Today’s Europe intelligence brief opens with British Prime Minister Keir Starmer suffering disastrous local-election losses across England, Scotland, and Wales as Nigel Farage’s Reform UK swept up hundreds of council seats and Energy Secretary Ed Miliband was reported […]

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Argentina Industry and Construction Surge to End 8-Month Slump

Argentina’s industrial production rebounded 5% year-on-year in March 2026 according to INDEC data published May 7, ending eight consecutive months of decline, while construction (ISAC) surged 12.7% YoY in a parallel rebound that vindicated Economy Minister Luis Caputo’s pre-publication forecast. The seasonally-adjusted print showed industry rising 3.2% month-on-month and construction 4.7% MoM, with the trend-cycle […]

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Asia Intelligence Brief for Friday, May 8, 2026

The Rio Times — Asia Pulse Friday, May 8, 2026 · ~3,400 words · 12 minute read Today’s Asia intelligence brief opens with the 48th ASEAN Summit closing in Cebu under Marcos chairmanship with concrete deliverables: a joint Middle East statement, accelerated APSA fuel-sharing ratification, a new regional oil stockpile system covering crude and refined […]

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Africa Intelligence Brief for Friday, May 8, 2026

The Rio Times — Africa Pulse Friday, May 8, 2026 · ~3,400 words · 12 minute read Today’s Africa intelligence brief opens with Mali Foreign Minister Abdoulaye Diop ruling out any negotiation with jihadist groups as Bloomberg confirms the junta’s hardline stance two weeks after the April 25 coordinated JNIM-FLA offensive killed Defense Minister Sadio […]

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Germán Vargas Lleras, Colombia’s former vice president and two-time presidential candidate, has died

Medellín, Colombia – Colombian politician Germán Vargas Lleras died Friday in the capital Bogotá, according to Semana magazine. His death brings an end to a political career spanning more than 30 years, including as a senator, minister, vice president, and two-time presidential candidate. 

On Monday, Vargas Lleras was admitted to the Intensive Care Unit at the Luis Carlos Sarmiento Angulo Cancer Treatment and Research Center in Bogotá. He was later transferred to another hospital where he lost a battle with cancer he had been fighting for years. He was 64 years old. 

Political career

Born in Bogotá on February 19, 1962, Vargas Lleras grew up in a political family. His grandfather, former President Carlos Lleras Restrepo, was a pillar of the country’s Liberal Party. 

He would go on to make a name for himself on his own, serving as a city councilman, congressman, minister, and ultimately leader of the Cambio Radical political party.

Vargas Lleras first ran for president 2009. He traveled the country, participated in debates, and garnered nearly 1.5 million votes. It wasn’t enough to win, but he finished third. 

The winner of the election, Juan Manuel Santos, would later call on him to serve as a minister in his cabinet. 

In 2014, Santos chose him as his running mate for reelection. Together they won in the runoff, and Vargas Lleras took office as vice president on August 7 of that year. 

Once his term as vice president ended, Vargas Lleras did not sit idle. In 2018, he ran again for president, this time with the “Mejor Vargas Lleras” coalition backed by Cambio Radical. 

His policy proposals included  infrastructure, housing, and a more efficient public administration.

In the first round, he received over 1.4 million votes but finished fourth, knocking him out of the runoff race. His campaign stated that he would not officially endorse either of the remaining candidates, Iván Duque and Gustavo Petro. 

Over time, he kept a lower profile, though he never completely stepped away from politics.

During his career, Vargas Lleras would survive two assassination attempts and a “parapolitics” scandal in which he was accused, but never charged, with benefitting politically from his connections to warlord “Martin Llanos”.

Health issues

In his later years, his health gradually got in the way of politics; reportedly, he suffered from a benign meningioma, a tumor in the membranes surrounding the brain and spinal cord, which was detected in 2016 after a fainting spell. 

On March 11, former President Álvaro Uribe commented on his condition, saying, “My best wishes for the health of Dr. Germán Vargas Lleras, a distinguished patriot whom I respect despite our occasional disagreements.”

During his final months, the former vice president stayed out of the public eye, though he briefly reappeared on March 3  in a video concerning the March 8 parliamentary elections. 

Upon learning of his death, former President Santos wrote on X that he is “deeply saddened” and described Vargas Lleras as “an exceptional colleague.”

Current President Gustavo Petro also mourned the political leader’s death: “Both in the Senate and on the campaign trail, he behaved like a gladiator. As someone who often disagreed with him, I regret that his seriousness in debate will be lost,” he said on his X account.

Featured image: Germán Vargas Lleras

Image credit: Germán Vargas Lleras via Facebook.

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Colombian journalist found dead days after being reported missing

Bogotá, Colombia – Authorities in Colombia confirmed the discovery of the body of Mateo Pérez Rueda, an independent journalist and Political Science student at the National University in Medellín, who had traveled to Briceño, Antioquia, to document the security situation in that region, where the 36th Front of the dissidents of the former FARC operates.

The body has been released to the family following dialogues between organized crime groups and humanitarian organizations, including the ICRC. The family wasn’t allowed to enter the zone either.

“He was murdered by Jhon Edison Chalá Torrejano, from the Darío Gutiérrez front, which is a divided group from the 36th Front, fragmented into various criminal groups,” stated President Gustavo Petro through his X account.

The 25-year-old reporter had become an important voice for the communities of northern Antioquia, founding and serving as the director of the digital media outlet El Confidente de Yarumal.

In this role, he covered issues related to organized crime, administrative corruption, public order, security, and local politics in municipalities where organized crime and illegal armed groups operate actively, such as Valdivia, and Ituango. Because of this, he faced legal prosecutions, conciliation summons, and other hostile acts against him.

The country entered into an active search for Mateo following the report of his disappearance on May 5 in the rural hamlet of Palmichal, where local residents and relatives of the victim had reported that the journalist had been murdered by members of the criminal group led by alias Calarcá Córdoba.

Alias Calarcá is a guerrilla leader participating in President Gustavo Petro’s “Total Peace” negotiations, and his arrest warrant was suspended by the government to facilitate talks with the armed group.

According to local media, Mateo contacted several officials seeking someone to accompany him to a rural area to get information about the ongoing armed conflict in the region.

Reports state that authorities and neighbors reportedly recommended that he should not leave the urban center, as no one, even government officials, have guaranteed safety going into these sectors; the journalist reportedly ignored these warnings and set off on his motorcycle.

Defense Minister Pedro Sánchez initially handled the case as a disappearance, but Mateo’s loved ones pointed out that it could be a kidnapping and murder just a few hours after losing contact with him, when his vehicle, wallet, cell phone, and keys were found abandoned. 

Sánchez also offered a 300 million COP (around $80,500 USD) reward for information leading to those responsible for Mateo’s suspected murder. 

This situation also highlights the ongoing risks for those practicing journalism in Colombia, mostly in rural territories and conflict zones. 

According to the FLIP, a press freedom foundation, since 2022, armed groups have attacked the press 387 times, using threats and displacement to force silence.

Featured image: Mateo Pérez Rueda

Image credit: FLIP

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