A radar failure over the Amazon forced Brazil to turn back or ground a string of international flights Saturday, deepening a national aviation crisis just hours after the president unveiled safety measures prompted by the country's deadliest air disaster.
Three days after Brazil's worst air accident president Luiz Inacio Lula da Silva addressed the nation and promised that in 90 days he will be announcing the construction of a new airport for the city of Sao Paulo.
Brazil's Central Bank Monetary Policy Committee, Copom, announced Wednesday a half percentage cut in the basic interest rate or Selic, which dropped from 12% to 11.50% on an annual basis.
Investigations are continuing into what caused Brazil's worst air disaster, as attention turns to the plane's landing speed and the general safety conditions of the country's busiest airport which could end being closed down.
Following Brazil's deadliest air disaster that killed over 200 people federal prosecutors sought a court order to shut down the entire Congonha airport, Brazil's busiest, until the investigation into the crash was completed.
Brazil signaled this week it would take a tough stance in talks to save a global trade deal saying last-ditch compromise proposals were too weighted in favor of rich-country interests.
Declassified documents prove that United States was planning a military coup in Brazil in the early sixties to prevent labor leader Leonel Brizola from reaching power and the possible Cubanization of the country revealed Tuesday Folha de Sao Paulo.
A passenger jet crashed and burst into flames after skidding off a runway at Brazil's busiest airport Tuesday and barreling across a highway, officials said. All 176 people on board were feared dead in what would be Brazil's deadliest air disaster, and at least 15 people were killed on the ground.
An estimated 130.000 Brazilians have financial assets valued at over a million US dollars which totals 573 billion US dollars, well above half the country's GDP, according to a report published Sunday in Folha de Sao Paulo.
President Luiz Inacio Lula da Silva said that Brazil will budget about half a billion US dollars over eight years to complete its nuclear program, including uranium enrichment technology, a third plant and finishing the building of a nuclear-powered submarine.