Business, Finance & Economics
Move over Orlando, Brazil’s Balneário Camboriú is on the rise
Balneário Camboriú is known as Brazil’s Dubai for the rows of skyscrapers that line the beachfront. It’s home to the three tallest buildings in Brazil. But there’s another city that Balneário Camboriú seems to be increasingly emulating: Orlando, Florida, for its theme parks.
Russia’s wartime production fuels its economy
Ukrainian troops have withdrawn from some of their positions in the Donetsk region as Russian troops have advanced. Military production has increased significantly in Russia as one of the anchors of its wartime economy, which is projected to grow over the next year, despite heavy international sanctions.
Toronto is experiencing a car theft epidemic
Residents of Toronto, Canada, are scrambling to protect their cars from an epidemic of car theft. Many are simultaneously installing tire clamps, steering locks, burglar alarms and steel bollards in their driveway, but have their cars stolen anyway. Thefts increased by 40% last year as Anita Elash reports from Toronto.
Brazil’s innovative Pix banking system is replacing cash and credit cards
PIX is a three-year-old system developed by the Brazilian Central Bank that has revolutionized how Brazilians pay for things. It’s like sending an instant wire transfer through the banking app on your phone with the click of a button, and no fees. Michael Fox reports from Florianópolis, Brazil, on how the banking app has changed Brazilian society in just three years.
