Thousands of people gathered on Tuesday in Brasilia outside Brazil's Congress to protest against the austerity plan of President Michel Temer and against what they see as attempts to shield corrupt politicians. Student groups and labor unions organized the demonstration to coincide with a debate in the Senate on Temer's proposal for a constitutional amendment that would cap public spending for 20 years.2 comments
Economists again lowered their outlook for Brazil's economic performance in 2016 and 2017, as the effects of a deep recession persist in Latin America's largest economy.Add your comment!
Brazilian president Michel Temer signed legislation on Tuesday which opens the way for oil companies other than state-controlled Petrobras to operate the coveted sub-salt acreage. The bill repeals a controversial 2010 rule that requires Petrobras to hold a minimum 30% operating stake in assets governed by production-sharing contracts, mainly sub-salt assets.2 comments
Brazil lost 751,800 formal jobs from January to October 2016, the country's Labour Ministry reported. According to the ministry's unemployment registry, the figures are only slightly better than the same period last year, when the Brazilian economy registered a net loss of 818,900 jobs.
Brazil is getting ready for a blockbuster 2017 harvest and booming exports, amid favorable weather forecasts, according to recent estimates. With a plentiful harvest expected, Brazil’s National Grain Association predicts grain exports will rebound, with soybean exports of 60 MT in 2017, compared with some 51 MT for 2016. Corn exports will increase to 30 MT, compared with some 18.5 MT in 2016, the association reported.
Brazil's President Michel Temer promised Sunday during a press conference he would step in should legislators under suspicion of corruption make an attempt to grant themselves any sort of amnesty, in what was perceived as a move by th Executive to sweep away much of the untrustworthiness it has brought upon itself as scandals kept surfacing in recent months.
Dr Vijay Rangarajan CMG has been appointed United Kingdom's Ambassador to Brazil in succession to Alexander Ellis. Dr Rangarajan will take up his appointment in Spring 2017. Outgoing ambassador Ellis has been appointed Director General at the Department for Exiting the European Union and will be taking his new role next January.
A United Kingdom member of parliament and Special Envoy for Trade and Investment, Mark Prisk is in Brazil for a round of business talks in the oil and gas, financial services, mining and infrastructure sectors. Mr. Prisk is visiting Brazil for the second time in six months and his agenda will take him to Rio do Janeiro, Belo Horizonte and Brasilia.
A Brazilian minister resigned on Friday amid allegations that he enlisted President Michel Temer's help to pressure a fellow Cabinet member to approve a luxury apartment development project in a preservation zone. The announcement feeds a growing scandal over alleged misuse of power that threatens Temer's presidency only six months after he replaced a predecessor ousted from office by Congress — and at a time corruption investigations have tarred many senior politicians.
Federal prosecutors and Odebrecht SA have agreed on the world's biggest plea and leniency deal under which the embattled engineering conglomerate would pay around 7 billion Reais (US$ 2 billion) in fines related to its role in Brazil's biggest corruption scandal, local media reported.