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- ☀ Domingo Brief — Bye Bye Fujimori
☀ Domingo Brief — Bye Bye Fujimori
Each Sunday, take two minutes to catch key stories and opportunities shaping Latin America.
Latinometrics
September 15, 2024 • Reading Time: 3 minutes
Welcome back to the Domingo Brief! This week, we’re following Brazilian deforestation rates, Mexican industrial real estate, and more.
Trivia of the Week 🎯
Over 40% of you correctly guessed Puerto Rico as the site of the world's (former) largest radio telescope, the Arecibo Observatory. This iconic observatory was in operation for over 50 years before its collapse in 2020, and was used for studying distant planets and detecting signals from outer space.
Each week, tune back in for the answer to the previous week’s trivia question. No cheating!
Which South American country is home to a unique species of penguin that lives in forests rather than the coast? |
🇧🇷 Deforestation alerts in the Amazon rainforest were 10.6% lower last month than last August’s numbers, signaling a positive shift in Brazil's efforts to protect this critical ecosystem. The decline reflects the growing commitment of both government initiatives and grassroots efforts to preserve the rainforest's rich biodiversity in the face of severe challenges and threats. The figures from this last month represent a drop of over 69% from 2022, and the lowest number of acres under deforestation alert since 2018.
Latinometrics: It’s not all good news, though. Brazil is currently experiencing its worst wildfires in over a decade, as over 50K wildfires are raging across the country. Over 70% of the country is covered in the smoke, while Brazil represents about a whopping 60% of all Latin American fires at present. A third of the fires are caused by manmade deforestation (to clear land for cattle grazing), while the Amazon’s worst drought in 40 years also plays a role.
🇨🇱 Huachipato, Chile’s largest steelmaker, will turn off its blast furnace for the final time tomorrow. The 74-year old firm, formally known as Compania Siderurgica Huachipato, produced 1M tons of steel in 1997 but today has lost so much ground to Chinese competition it can no longer compete. Over 2.7K jobs will be lost.
🇩🇴 Eaton will open its fifth manufacturing site in the Dominican Republic this year, following the announcement of an assembly plant in Santiago de los Caballeros. The new facility, which will have the capacity to produce 65K Bussmann series fuses for use in everything from electric vehicles to data centers, is expected to create roughly 300 manufacturing jobs.
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