Brazil's Monetary Policy Committee (Copom) unanimously decided Wednesday to cut down the country's basic interest rate known as Selic by 0.5 percentage points to 11.25% per year, Agencia Brasil reported.
Former Argentine Vice President Daniel Scioli will leave his post as Ambassador to Brazil to join President Javier Milei's team as Secretary of Tourism, Environment, and Sports, it was announced Tuesday in Buenos Aires after a meeting which was also attended by Interior Minister Guillermo Francos, who served on Scioli's cabinet when the latter was Governor of the Province of Buenos Aires.
President Luiz Inácio Lula da Silva sacked Brazilian Intelligence Agency (Abin) Deputy Director Alessandro Moretti for allegedly hindering the ongoing probe into the Bolsonaro family's use of said services for personal gain, Agencia Brasil reported. Lula's decision was published Tuesday in an extra issue of the Official Gazette (Diário Oficial da União - DOU).
Rio de Janeiro Councilman Carlos Bolsonaro has been accused of invoking his kinship to then-President Jair Bolsonaro to get information from Brazil's Intelligence Agency Abin about an ongoing investigation targeting his family, Agencia Brasil reported Monday.
Whether you are local to Mercosur or traveling to the area, you'll know that Mercosur is rich in diversity. So, let's take a look at some of the festivals that celebrate Mercosur's unique culture, and why these festivals continue to be popular.
After more than five hours of conversations, diplomatic delegations from Venezuela and Guyana agreed on Thursday in Brasilia to discuss the dispute over the oil-rich Essequibo territory peacefully. The gathering at the Itamaraty Palace resulted from talks between Presidents Nicolás Maduro and Irfaan Ali on December 14 in Saint Vincent and the Grenadines.
Brazilian President Luiz Inácio Lula da Silva will take on a series of international engagements next month, including a Caricom Summit in Guyana, Agencia Brasil reported. He will also be traveling to Egypt on Feb. 15 and 16 to thank his Egyptian counterpart Abdel Fattah al-Sissi for his support in pulling out Brazilian nationals and their families from the Gaza Strip.
South America's largest country is achieving record figures in its travel industry, Agencia Brasil reported. In 2023, Brazil saw 112.6 million passengers on domestic and international flights, marking a 15.3% increase from 2022's 97.6 million. In the next three years, we aim to reach 140 million passengers, Ports and Airports Minister Silvio Costa Filho said.
Japanese giant carmakers Toyota this week closed its São Bernardo plant, the company's oldest factory in Brazil which had been established in 1962. It was there that the Land Cruiser Bandeirante and the Corolla models were built in South America. Toyota's administrative headquarters for Brazil and South America also operated there for decades. It was said to be the company's first production facility outside Japan.
Last week the Falkland Islands welcomed the regional student competition 2024 winners, who are visiting the Falklands from Argentina, Chile, Paraguay and Uruguay.