Brazil

Saturday, March 6th 2021 - 09:55 UTC
Bolsonaro confirms his trip to Argentina and supports negotiations with IMF

Brazilian president Jair Bolsonaro confirmed he will be traveling to Argentina on March 26th for the celebration of Mercosur's 30th anniversary, and also offered support for the president Alberto Fernandez administration negotiations with the IMF.
Saturday, March 6th 2021 - 09:49 UTC
Maersk forecasts 3% world trade growth; regulations a challenge in Mercosur

The shipping company Maersk expects world trade to grow by 3% or more in 2021. The company sees global trade recovering, but there is still a lot of uncertainty about the size of the impact of Covid-19 on the world economy in 2021. So it is implementing a global strategy that positions it for growth in several countries, including Mercosur members.
Saturday, March 6th 2021 - 08:40 UTC
Casino supermarkets sued under French law for selling beef linked to deforestation

French supermarket chain Casino is being sued by indigenous groups from the Amazon, for allegedly selling beef linked to deforestation. The 11 indigenous groups, backed by NGOs in the US and France, are seeking €3.1m in damages.
Friday, March 5th 2021 - 08:57 UTC
Dramatic Covid-19 situation in Southern Brazil threatens Rivera, Uruguay

Uruguay is very concerned, and threatened, by the situation in the city of Rivera, bordering the Brazilian city of Santana do Livramento, Rio Grande do Sul state, where the number of infections is alarming and continues to grow, while the Intensive Care Centers in the capital Porto Alegre are saturated.
Friday, March 5th 2021 - 08:25 UTC
Brazilian soy exports in March should reach 15 million tons: 250 ships waiting to load

Brazilian soy shipments this month should reach 15 million tons, which could establish a new record for a month, according to the maritime agency Cargonave, considering the 250 ships in the export line-up, a growth of more than 40% compared to the number seen in the same period last year.
Wednesday, March 3rd 2021 - 08:40 UTC
Brazil's currency losing ground: central bank chief says it is not justified by economic fundamentals

With public finances threatened, Brazil’s Real has suffered as investors adjust to changing liquidity conditions globally, but some of it has not been justified by economic fundamentals, central bank President Roberto Campos Neto said on Tuesday.
Wednesday, March 3rd 2021 - 08:38 UTC
Producer price inflation in Brazil anticipates Central bank will raise interest rates

Brazil's statistics agency IBGE said on Tuesday the monthly rate of producer price inflation kicked off this year at its second highest, with prices rising across all 24 activities surveyed.
Wednesday, March 3rd 2021 - 08:08 UTC
The great Pele received his first dose of Covid-19 vaccine, “unforgettable day”

The great Brazilian football star Pele received his first dose of a COVID-19 vaccine on Tuesday, calling it an “unforgettable day.” The 80-year-old Brazilian football great posted the news on his social media channels along with a picture of himself receiving the shot in his right arm.
Tuesday, March 2nd 2021 - 09:54 UTC
Bolsonaro promises to sign on Tuesday a decree suspending a tax on diesel to prevent a truckers strike

Brazilian President Jair Bolsonaro said on Tuesday he would suspend a tax on diesel fuel, to try and placate truckers, but the government would instead hike taxes on banks to offset lost revenue.
Monday, March 1st 2021 - 08:55 UTC
Coronavirus “Manaus” variant detected in UK: three in England, three in Scotland

A coronavirus “variant of concern” first detected in Brazil has now been found in the UK. Three cases have been detected in England and separately three in Scotland. In England, officials are still trying to track down one of those who tested positive for the new variant.