Brazilian unemployment in August fell to its lowest level since 2001 thanks in part to the nation's solid economic growth. The country's official statistics institute IBGE said the rate dropped to 7.6% from 8.1% in July and 1.9 percentage points from August 2007.
Norwegian aluminum group Norsk Hydro announced on Thursday that it will join with the Brazilian metals and mining company Vale Doce to build a new alumina refinery in northern Brazil, an investment totaling 2.6 billion US dollars.
With the purpose of injecting liquidity and preserve Brazil from the impacts of the US financial crisis, the country's monetary authorities eased rules on reserve requirements that banks must keep at the Central Bank.
Almost half of young Brazilians live in poverty conditions according to the latest Social Indicators 2008 report from the Brazilian Geography and Statistics Institute, IBGE
Brazilian President Lula da Silva called for vigorous action to reform multilateral institutions and enable them to prevent a future financial crisis. In a speech Tuesday before the UN General Assembly Lula da Silva said financial, food, energy, environmental and migratory crises reveal the multilateral system must be overhauled to meet 21st Century challenges.
Gasoline is rapidly becoming Brazil's alternative fuel as ethanol consumption zooms according to the latest reports from the country's Ministry of Agriculture. The tendency is strongly supported by consumers' demand and Brazil's auto industry.
God has publicly admitted that he's Brazilian said President Lula da Silva on the campaign trial for the coming municipal elections next October 5 underlining the achievements of his administration since he took office in January 2003.
Brazilian President Lula da Silva said on Thursday he has watched with sadness the collapse of Wall Street firms that made economic policy recommendations in emerging markets as if they were the super intelligent and we were the poor souls, according to Spanish news agency EFE.
Norway has pledged one billion US dollars by 2015 to preserve the Brazilian Amazon rain forest, as long as South America's largest nation keeps trying to stop deforestation, visiting Norwegian Prime Minister Jens Stoltenberg announced in Brasilia.
Brazil is determined to join the world's exclusive club of nuclear research and is willing to contribute with a billion US dollars to participate in the ambitious International Thermonuclear Experimental Reactor, ITER project in France.