US Delta Air Lines Inc. agreed to buy a 100 million dollar stake in Gol Linhas Aereas Inteligentes SA, Brazil's second-largest airline by market value, and begin booking passengers on each other's jets.
Ford Motor Company announced that it will invest 800 million Reais (446 million dollars) to build a new global model in its Sao Bernardo do Campo plant, the heart of Brazil’s auto industry.
The European Commission decided to cut aid from its 2014-2020 budget to 19 emerging economies including Brazil, Argentina, Uruguay and seven other Latin American countries, the EU development commissioner Andris Piebalgs said on Wednesday.
Brazil’s economy shrank in the third quarter, prompting the government to slash its growth forecast for the year, one week after announcing stimulus measures to contain the spillover from Europe’s debt crisis.
Brazil is going through a wind power boom as production prices fall and government incentives attract a growing number of foreign suppliers. The wind power sector has a current capacity of around 1,400 megawatts, and is expected to grow nearly eight-fold by 2014, according to the Brazilian Association of Wind Energy ABEEolica.
The advance of the mosquito transmitted leishmaniasis in South America, (Uruguay and Chile are the only countries with no registered cases) motivated a recent symposium to address the challenge in Punta del Este.
Some fifty Brazilian cities are exposed to serious outbreaks of dengue during the austral summer and another 236 are on ‘alert’ for the same reason, according to a paper presented Monday by Brazil’s Health minister Alexandre Padhilla.
Uruguay will have to learn to live with Argentina’s ‘unpredictable policies” and its growing tendency to protectionism, both from President Cristina Fernandez as from Brazil in a context where both economies growth is slowing down.
The US top Republican on the Senate Foreign Relations Committee said President Barack Obama is missing opportunities to strike closer ties with Brazil, allowing China to steal market share from US companies in Latin America’s biggest economy.
Former FIFA president Joao Havelange resigned from the International Olympic Committee on Sunday, just days before he was to face an ethics inquiry it was reported by the Sao Paulo press.