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Economy · Costa RicaSince Costa Rica is a tightly dollarized economy, it is intended to analyze the impact that exchange rate policy is generating on the Costa Rican economy; especially, in sectors that have income in dollars such as tourism and exports. There are other activities that have taken the decision to dollarize their sales operations, such as rentals, vehicle sales, among others. Let's remember that the export sector is the engine of our economy; at the …See the Story
The blow to exporters with the exchange rate below ¢500 per dollar
Costa Rica · Costa RicaAfter two years of administration, citizens' grades on President Rodrigo Chaves' and his most recognized ministers' performance suffer the typical wear of any in power. President Rodrigo Chaves is the figure with the highest recognition of the entire Executive Power (99.6%) and the one with the best evaluation by citizens (6.5 out of 10); however, his average grade has not stopped falling since taking office. This is a phenomenon shared with the…See the Story
After two years of government, how does the citizenship status of Rodrigo Chaves and his main ministers evolve?
Donald Trump · Costa RicaDonald Trump returned to New York criminal court on Friday where he is being tried for falsifying accounting documents to hide damaging news, at the end of a week in which the underhanded practices of sensationalist press were dissected. The prosecution accuses Trump of 'election fraud' after payment by his then personal lawyer, Michael Cohen, of $130,000 to porn actress Stormy Daniels to buy her silence in the final stretch of the elections won…See the Story
How did the tabloid press help Donald Trump to become president? A former director described it this way to the courts
Artificial Intelligence · Costa RicaChina unveiled Vidu on Saturday, a counterpart to the US artificial intelligence tool Sora, capable of creating realistic videos simply by entering text. Sora, which was introduced in the United States in February, is owned by OpenAI, the company that developed ChatGPT and image generator DALL-E. Should ChatGPT be banned from classrooms? Five universities in Costa Rica weigh in. The launch of this new tool is a major advancement in artificial in…See the Story
China presents a new AI video generator, similar to OpenAI's tool.
Travel · Costa RicaThe United States issued new rules on April 24, 2024, for airlines operating both domestic and international flights with origins or destinations in the country. The new guidelines, signed by US President Joe Biden, relate to how airlines should handle passengers in the event of canceled, changed or delayed flights. Under the current rules, airlines decide how long a delay must last before reimbursing customers. However, this practice will be li…See the Story
The United States has new rules for airlines that impact Ticos travelers: we explain how you can take advantage of them
Costa Rica · Costa RicaThe Compulsory Supplementary Pension Scheme, better known as the ROP, has the option of investing funds in instruments in dollars or colones. The composition of the portfolio has always been mainly dominated by the national currency, but recently there has been an inclination towards dollars. In the last twelve months (with data up to March 2024), there has been a 22% growth in the amounts invested in dollars under this regime. This has been gre…See the Story
ROP investments in dollars rose 22%. Which operators invest the most in the currency?
Costa Rica · Costa RicaLa cotización de la tonelada de cobre superó este viernes 26 de abril los $10.000 por primera vez desde abril de 2022 en la Bolsa de Metales de Londres (LME), impulsada por el aumento de la demanda.Desde finales de febrero, el precio del cobre subió casi un 18%, debido al temor de un gran déficit en el mercado mundial. El cobre, un metal de alta conductividad y muy dúctil, tiene muchos usos en la transición energética y la demanda ha crecido.Lit…See the Story
Copper overcomes the $10,000 per ton barrier driven by the energy transition
Tesla · Costa RicaEl organismo regulador de la seguridad automotriz en Estados Unidos (NHTSA) informó el viernes que abrió una investigación para determinar si el fabricante de autos eléctricos Tesla solucionó los problemas de seguridad del Autopilot, la función de conducción asistida de la marca.La pesquisa tiene como objetivo averiguar si el nuevo programa que la empresa propiedad del magnate Elon Musk (SpaceX, red X) implementó, con la actualización del softwa…See the Story