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Latin America
Trends
- 1Costa Rica to invest $300 million in grid modernization●Costa Rica “invertirá 300 millones de dólares de financiamiento de la Unión Europea (UE) y Francia para modernizar su si
Costa Rica will invest $300 million in funding from the European Union and France to modernize its electricity system and move toward greater renewable energy generation. The announcement highlights continued European support for decarbonization efforts in Latin America, with Costa Rica already known for drawing most of its power from renewable sources.
- 2Nubank in early talks to buy Monzo for up to £10 billion●Nubank is in early talks to buy Monzo at up to £10 billion
Brazilian digital banking giant Nubank is reportedly in early-stage talks to acquire British challenger bank Monzo in a deal valuing the UK fintech at up to £10 billion. The potential acquisition would mark one of the largest cross-border deals in digital banking and a major expansion for Nubank into the European market, though no agreement has been confirmed.