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Montevideo, April 5th 2025 - 00:38 UTC

Brazil

  • Saturday, December 21st 2024 - 10:13 UTC

    Brazil's Congress passes Constitutional Amendment regarding spending cuts

    ”Today we are delivering to Brazil savings of at least R$ 60 billion (around US$ 10 billion),” Senator Randolfe Rodrigues explained

    Brazil's Congress enacted Constitutional Amendment 135/24 regarding the fiscal spending cut package, Agencia Brasil reported. The new legislation stemming from the Proposed Amendment to the Constitution (PEC) 45/24 made changes to mandatory revenues and extended the Untying of Union Revenues (DRU) in a move to improve the federal government's fiscal balance, it was explained.

  • Friday, December 20th 2024 - 10:30 UTC

    Brazil's real recovers against US dollar

    Brazil's Central Bank sold US$ 5 billion to stabilize the exchange rate

    Brazil's Central Bank (BCB) successfully maneuvered Thursday and got the US dollar to fall against the local real after volatility gripped financial markets amid President Luiz Inácio Lula da Silva's planned taxation reforms, Agencia Brasil reported. The US currency closed at R$ 6.12 following Congressional approval of the Government's legal package.

  • Thursday, December 19th 2024 - 10:19 UTC

    Improved air connectivity heralds busy summer season in Brazil

    Sky Airlines started direct flights between Rio de Janeiro and Montevideo

    Brazil's tourism authorities expect a record-breaking summer season thanks to a recent boost in air connectivity, particularly with direct flights between Rio de Janeiro and Montevideo, Agencia Brasil reported.

  • Wednesday, December 18th 2024 - 22:17 UTC

    US dollar soars in Brazil amid fiscal uncertainty

    Haddad hopes the US dollar will settle down, eventually

    Amid uncertainty stemming from President Luiz Inácio Lula da Silva's planned measures, the US dollar soared Wednesday against the Brazilian real, hitting a new record of R$ 6.26 = US$ 1 while the stock market fell above 3%, also driven by the 0.25 percentage point interests cut by the US Federal Reserve (Fed).

  • Wednesday, December 18th 2024 - 10:22 UTC

    Brazil: Selic rate expected to keep growing next year

    Yoy inflation reached 4.87%, slightly above the 3% (+/- 1.5%) target

    Brazil's Central Bank's (BCB) Monetary Policy Committee (Copom) said Tuesday in a document that further hikes to the basic interest rate (Selic) were not to be ruled out next year given the rise of the US dollar against the Brazilian real, which crossed the BR$ 6 / US$ 1 barrier after the fiscal package announced by the Government of President Luiz Inácio Lula da Silva in recent days negatively impacted the market.

  • Monday, December 16th 2024 - 20:57 UTC

    Brazil's STF launches AI writing tool

    “MARIA's objective is not to replace people, but to assist the work of the STF,” it was explained

    Starting Monday, Brazil's Supreme Federal Court (STF) is using Artificial Intelligence (AI) software to write documents and produce images, videos, music, and audio. The Support Module for Writing with Artificial Intelligence has been named “MARIA” given its acronym in Portuguese.

  • Monday, December 16th 2024 - 09:58 UTC

    Former Bolsonaro's running mate placed under arrest

    Gen. Braga Netto is to remain under custody in a military facility in Rio de Janeiro

    Former Brazilian President Jair Bolsonaro's running mate in the 2022 elections, Gen. (Ret.) Walter Braga Netto, was arrested this weekend by the Federal Police (PF) in connection with the alleged plot to prevent Luiz Inácio Lula da Silva's inauguration.

  • Saturday, December 14th 2024 - 09:50 UTC

    Lula says he is “firm and strong”

    In the video footage posted on social media, Lula appears walking next to brain surgeon Marcos Stavale

    Brazilian President Luiz Inácio Lula da Silva released a video Friday after leaving the Intensive Care Unit at the Sírio-Libanês Hospital in São Paulo, Agencia Brasil reported. Lula underwent two surgical procedures in his head this week to drain a hemorrhage caused by a domestic accident in October that prevented him from attending the BRICS Summit in Russia, among other engagements.

  • Friday, December 13th 2024 - 10:59 UTC

    Defense minister Lord Coaker visits Chile and Brazil to strengthen defense relations

    UK Defense Minister Lord Vernon Coaker with Brazilian Chief of the Navy Admiral Olsen in Rio

    Defense Minister Lord Coaker's recent visit to Chile and Brazil focused on supporting global security and tackling increasing threats. There, he held talks with his counterparts and industry as the UK strengthens relations with partners around the world.

  • Friday, December 13th 2024 - 10:55 UTC

    Lula likely to run for reelection, minister says

    “The Brazilian people know that life has improved” under Lula, Pimenta insisted

    Brazil's Social Communication Minister Paulo Pimenta said Thursday that President Luiz Inácio Lula da Silva intends to run for a fourth term in office in 2026, perhaps to dispel rumors about his health after undergoing another surgical procedure in his head. In an interview with CNN Brazil, Pimenta insisted that Lula was “the most qualified and prepared person” to continue leading the country.