Brazil on Tuesday sharply criticized the European Union's decision to temporarily ban Brazilian beef imports and warned it could file a complaint with the World Trade Organization.
Brazil's dreams of becoming the first Latin American country to operate a nuclear submarine were reportedly discussed during a late January visit by defense minister Nelson Jobim to France.
Long-dormant plans to enter the nuclear submarine club were recently revived by Brazil, which already has a modest submarine-building capability.
Brazil's trade surplus narrowed to a 5 and a half year low in January as a cheaper dollar and rising consumer demand pushed imports to a record high. Imports increased to 12.3 billion US dollars in January from 10.6 billion in December.
Brazilian beauties wearing only sequins led carnival parades lasting until dawn Sunday as second-division samba groups used a kaleidoscope of colorful dancers and floats to launch the biggest part of Rio's five-day bash.
The fossil of a land-bound reptile that could be a link between prehistoric and modern-day crocodiles was put on public display for the first time at the Federal University of Rio do Janeiro, reports National Geographic.
Brazil's Cabinet official for racial equality resigned Friday amid charges she had abused her government-issued corporate credit card. Matilde Ribeiro told a news conference that she had committed a mistake in using the card to pay for a chauffeured car, restaurant meals, hotels and purchases in a duty free shop in 2007.
Brazil's Finance Minister Guido Mantega said that for the moment there's no reason to change the country's growth estimate of 5% for 2008, in spite of global recession fears, which he believes will impact most on developed countries.
Brazil's government managed Petrobras will bid strongly for Exxon's downstream assets in South America, O Globo newspaper reported this week from Rio do Janeiro.
The European Union will freeze all imports of Brazilian beef as from Thursday after Brazil failed to provide sufficient sanitary safety guarantees announced in Brussels EU Health and Consumer Affairs Commissioner Markos Kyprianou.
Xstrata Plc, the world's fourth- largest copper producer, rose to a three-week high in London trading after newspaper reports that Brazil's Cia. Vale do Rio Doce may agree to buy the company within the next few days.