Brazil

Saturday, December 24th 2022 - 10:06 UTC
BB, World Bank team up to finance greener economy in Brazil

The World Bank's Board of Directors Friday approved a US$ 500 million financing project for actions in Brazil linked to sustainability and the carbon credit market. The project was approved today (23), in Washington, by the World Bank Board of Directors. Joining the initiative to create a one-stop shop is Banco do Brasil (BB).
Saturday, December 24th 2022 - 09:56 UTC
Uruguay's President to bring along two former colleagues to Lula's inauguration

Uruguayan President Luis Lacalle Pou Friday invited his predecessors Julio María Sanguinetti and José Mujica to the Jan. 1 inauguration of Luiz Inácio Lula Da Silva in Brasilia.
Friday, December 23rd 2022 - 18:21 UTC
No progress in Brazilian airline workers' strike

Brazil's National Union of Aeronauts (SNA) workers Thursday voted against a new proposal and thus their strike went into its fifth consecutive day, affecting airline operations at the country's largest air terminals.
Friday, December 23rd 2022 - 14:15 UTC
Brazil's trade surplus in 2023 expected to reach US$ 72 billion

Despite the global economic slowdown, the Brazilian Foreign Trade Association, AEB, indicated that the largest economy in South America is projected to have a higher trade surplus in 2023. Next year's positive result is expected to reach US$ 71,9 billion, which would be 14,3% higher than the US$ 62,9 billion this year.
Friday, December 23rd 2022 - 10:11 UTC
Future Brazilian VP to become Industry Minister as well

Brazil's President-elect Luiz Inácio Lula da Silva Thursday released the names of 16 of his future ministers for when he takes office on Jan. 1. Lula also said that 16 other ministers are to be named next week.
Thursday, December 22nd 2022 - 10:32 UTC
Two dead in southern Brazil heavy storms

Heavy storms in Santa Catarina have left 2 people dead and at least 140 people homeless, with health and transportation services suspended statewide, it was reported Wednesday. The most affected regions were the northern coast and Greater Florianópolis.
Thursday, December 22nd 2022 - 10:02 UTC
Uruguay brings forwards Covid-19 vaccination as cases soar

Uruguay's Health Minister Daniel Salinas Wednesday announced that the vaccination campaign against COVID-19 due to start in March 2023 had been moved forward in light of an increasing number of infections.
Thursday, December 22nd 2022 - 09:57 UTC
Pelé health takes turn for the worse

The latest reports from Sao Paulo's Albert Einstein Hospital regarding Brazilian football legend Edson Arantes do Nascimento, better known as Pelé, were anything but encouraging Wednesday.
Wednesday, December 21st 2022 - 10:24 UTC
Brazil planning to become world's largest cotton exporter, ahead of US

Brazil could become the world’s largest cotton exporter in 2023, because of an increase in the planted area helping it to surpass the United States, which could reduce sowing by 30% to make way for competing crops such as corn, soy, and wheat.
Wednesday, December 21st 2022 - 10:22 UTC
Abundant rainfall in central Brazil helps Paraná River recover navigable level

After years of forcibly lighter shiploads due to the intense down flow of the Parana River, the water level has begun to grow again, especially in the last couple of months. Thus according to the Rosario Grain Exchange, the average shipload of vessels sailing upriver rose 21% in two months and stood at more than 38,000 tons in November. Furthermore, the current water level is 23% above November last year and 19% above the November 2020 average.