Brazil

Tuesday, January 19th 2021 - 09:27 UTC
With Trump leaving, Brazil backtracks in its opposition to Huawei's 5G bid

China's telecommunications sector is celebrating that the Brazilian government became the first in the world to backtrack on its opposition to Huawei's 5G bid. Brazil will not seek to bar the Chinese telecommunication giant from its 2021 5G network auctions in June, according to reports published in the newspaper Estado de S. Paulo.
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Tuesday, January 19th 2021 - 09:16 UTC
Brazil launches vaccination campaign, but many supply problems persist

Brazil launched on Monday the national inoculation program with China's Sinovac Biotech vaccine, but so far it includes five of the country's 26 states. After weeks of setbacks, many Brazilians cheered the first wave of inoculations, from bustling clinics in Sao Paulo to a spectacular shot planned at the foot of the Christ Redeemer statue overlooking Rio de Janeiro.
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Tuesday, January 19th 2021 - 09:16 UTC
Bolsonaro allies expected to win control of both houses in Congress

Brazil’s right-wing president Jair Bolsonaro sponsored candidates are expected to win control of Congress next month, politicians and analysts said on Monday, despite controversy of the management of the pandemic.
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Tuesday, January 19th 2021 - 08:29 UTC
Brazilian economy forecasted to grow 3,45% this year with 3,75% inflation

Brazilian financial and market analysts upgraded their economic growth forecast for 2021, from 3.41% to 3.45%, and maintained the projection at 2.5% for 2022, the Central Bank of Brazil announced Monday.
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Monday, January 18th 2021 - 09:25 UTC
Brazil approves two vaccines against Covid-19: AstraZeneca and China's Sinovac

Brazil approved two vaccines for emergency use against the coronavirus on Sunday as the country’s death toll from the disease it causes neared 210,000 and some of its hospitals grappled with an oxygen shortage.
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Friday, January 15th 2021 - 09:30 UTC
Delays in launching an inoculation program in Brazil, threatens the economic recovery

The risks to an expected economy recovery in Brazil during 2021 are increasing as delays in rolling out a vaccine program against coronavirus continues to be delayed, according to Moody's rating agency.
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Thursday, January 14th 2021 - 09:19 UTC
Brazilian oil export record in 2020, average 1,4 million bpd

Brazil established a new record for oil exports in 2020, with sales averaging 1,4 million bpd and a peak of 1,9 million bpd during the month of May, according to the Mines and Energy minister Bento Albuquerque. The minister also announced that on 7 January, Brazil's oil giant Petrobras reached a daily production record of 2,84 million barrels of oil, beating the previous mark set in 2015, with 2.79 million BOE/day.
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Thursday, January 14th 2021 - 08:44 UTC
Britain trying to contain the coronavirus Brazil variant from reaching UK

UK Prime Minister Boris Johnson announced on Wednesday the government was looking at ways to stop a variant of the novel coronavirus found in Brazil from entering Britain.
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Thursday, January 14th 2021 - 08:35 UTC
Bolsonaro accuses Ford of closing its plants because “they want subsidies”

Brazil’s President Jair Bolsonaro attributed Ford Motor Co.’s decision to close its three plants in Brazil to the end of multibillion-dollar subsidies from the government.
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Wednesday, January 13th 2021 - 09:14 UTC
Brazilian interest rates in the next 24 months expected to rise steadily

The outlook for Brazilian interest rates over the next two years rose to their highest in several months, a central bank survey of economists showed on Monday, even as exchange rate and inflation expectations held steady.
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