A political campaign fund set up in Brazil with public money to help fight corruption is not big enough for the country’s 2018 general election, the head of the country’s top electoral court said. Brazil’s scandal-plagued political class voted to establish the 1.7 billion Reais (US$542 million) fund to finance election campaigns after corporate donations were banned in the wake of the country’s biggest ever corruption scandal.1 comment
In a move that critics say impinges on the legitimacy of democracy, the Brazilian Congress has approved legislation allowing parties and candidates to force social media outlets to censor offensive or critical content by anonymous authors.6 comments
The chairman of Brazil’s Olympic Committee, who helped organize the Rio 2016 Games, submitted his resignation on Saturday, saying he wanted to concentrate on defending himself against corruption charges.1 comment
Apex-Brasil, the Brazilian Trade and Investment Promotion Agency, announced on Friday it has signed a Memorandum of Understanding (MoU) with the UK’s Department for International Trade (DIT) that aims to enhance cooperation to promote foreign direct investment between Brazil and the UK.
Brazilian police say they have foiled a bank heist plot in which would-be robbers dug a 500-meter tunnel to a Sao Paulo branch of government-owned Banco do Brazil.
Brazil’s Finance Minister Henrique Meirelles has hired social media experts to boost his image ahead of the 2018 election, the Sao Paulo, Brasilia and Rio do Janeiro media have anticipated, the sign yet that the former banker is seriously eyeing a run for president.
By Irina Slav for Oilprice.com - Say what you will about offshore oil and gas exploration, but it's still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.
A senior official in Brazil said there are no current plans to privatize the national oil company to deal with its massive debt, according to a new report by Reuters. Fernando Coelho Filho, the minister of mines and energy, had suggested that Petrobras could face such a sale in the future, but did not provide a concrete timeline.
The judge overseeing a sprawling corruption probe into billions of dollars in kickbacks to Brazilian politicians and officials said Monday that the investigation is nearing an end. Judge Sergio Moro didn't set a timeline for when the Car Wash probe might wrap up. However, he said he is personally a bit tired of the work and believes it is in its final phases.
Former Minister, Antonio Palocci, has sent a letter to the president of the Brazilian Workers' Party (PT), senator Gleisi Hoffmann (PR), requesting to step down from the party founded in the eighties by ex president Lula da Silva.