Brazil

• Saturday, November 19th 2022 - 10:06 UTC

  Economy Minister says Brazil's spending cap poorly constructed

  

  Brazil's Economy Minister Paulo Guedes Friday admitted the spending ceiling needed to be pierced because it was poorly constructed, but he insisted that the federal spending cap remains a necessary tool to ensure the stability of public accounts.

• Saturday, November 19th 2022 - 07:19 UTC

  Lula back steps and admits that fiscal and social responsibility, go hand in hand

  

  After having clashed with the baking and financial sectors of Brazil, which had an immediate effect on the currency, interest rates and the stock market, president-elect Lula da Silva said on Friday he was prepared to be fiscally responsible with government spending.

• Friday, November 18th 2022 - 09:22 UTC

  Lula to enforce international climate-related agreements

  

  Brazil's President-elect Luiz Inácio Lula da Silva Thursday pledged to enforce the international climate-related agreements once he takes office on Jan. 1 while advocating for global governance regarding these matters.

• Friday, November 18th 2022 - 09:17 UTC

  Inflation projections in Brazil lowered yet again

  

  Brazil's Economy Ministry Thursday released its Macrofiscal Bulletin, which showed that inflation for the year 2022 is projected to amount to 5.85%, an improvement from the previous 6.3% forecast.

• Thursday, November 17th 2022 - 19:14 UTC

  Important progress ahead under Lula, Argentine Ambassador foresees

  

  Former Vice President and current Argentina's Ambassador to Brazil Daniel Scioli said this week that once President-elect Luiz Inácio Lula Da Silva takes office on Jan. 1 there will be “very important advances” in bilateral relations.

• Thursday, November 17th 2022 - 19:09 UTC

  Unemployment drops in Brazil

  

  According to the Quarterly Continuous National Household Sample Survey (PNAD) released Thursday by Brazil's Institute of Geography and Statistics (IBGE), the unemployment rate in the third quarter of this year went down from 9.3% to 8.7% overall from the previous quarter, thanks to drops in six states: Paraná (-0.8 %), Minas Gerais (-0.9 %), Maranhão (-1.1%), Acre (-1.8%), Ceará (-1.8%) and Rondônia (-1.9%).

• Thursday, November 17th 2022 - 10:29 UTC

  Brazil's largest port privatization clears the decisive Audits Court

  

  The privatization of Brazil's largest and busiest sea terminal, the Port of Santos clears another barrier. In effect the final report released by the Brazilian federal court of audits TCU did not express major reservations over the privatization process.

• Thursday, November 17th 2022 - 10:18 UTC

  Lula wants to host COP30, announces Ministry of Indigenous People

  

  Brazil's President-elect Luiz Inácio Lula da Silva announced during his appearance at the Egyptian resort of Sharm El-Sheikh, that he will create a ministry of native peoples so that indigenous people “are not treated as bandits.”

• Wednesday, November 16th 2022 - 09:24 UTC

  Brazil signs biodiversity deal with Indonesia and Congo

  

  Brazil's Foreign Ministry announced that the South American country had reached a biodiversity agreement with Indonesia and Congo to preserve their respective tropical rainforests, which are the largest in the world.

• Tuesday, November 15th 2022 - 09:45 UTC

  South Korea and Brazil developing space rocket industry; first launch next month

  

  A South Korean space startup for small launch vehicles, Innospace has signed a commercial contract to launch a Brazilian military payload, a symbolic win for the burgeoning space exploration industry from the Asian country.