Brazil

Thursday, April 20th 2023 - 10:59 UTC
Lula's stance could jeopardize Mercosur-EU deal

Brazilian President Luiz Inácio Lula da Silva's stance on the war in Ukraine might jeopardize the Mercosur-European Union deal, according to a confidential report drafted ahead of a European foreign ministers' summit and accessed by Politico.
Wednesday, April 19th 2023 - 10:01 UTC
Brazil's top electoral court upholds sanctions against two lawmakers for spreading false content

Brazil's Superior Electoral Court (TSE) Tuesday ruled to uphold a decision fining Federal Deputy Carla Zambelli (PL-SP) and Senator Flávio Bolsonaro (PL-RJ) for publishing untrue content against President Luiz Inácio Lula da Silva during the 2022 election campaign, Agencia Brasil reported.
Wednesday, April 19th 2023 - 09:41 UTC
Brazil despite larger wheat crops, remains a net importer, but declining

Brazilian farmers will harvest a record wheat crop of 11.3 million tons in the 2023/2024 season, compared with 11 million tons in the previous one, StoneX said on Monday. In its first forecast for the new crop, StoneX said farmers will expand the planted area by 6.1% to 3.48 million hectares (8.599 million acres).
Wednesday, April 19th 2023 - 09:38 UTC
Brazilian fish exports, mainly fresh water tilapia increased 15% in 2022

Brazil’s fish export revenue increased by 15% last year, reaching a record of US$23.8 million, according to a report by Embrapa Pesca e Aquiculture in partnership with the Brazilian Association of Aquaculture (Peixe BR). Tilapia shipments, which accounted for 98% of the total, increased by 28% to US$23.2 million.
Tuesday, April 18th 2023 - 06:33 UTC
Ukraine war: Russia praises Brazil's pro peace position but is scolded by United States

Russian foreign minister Sergey Lavrov arrived in Brasilia on Monday, where he discussed issues such as trade and Russia’s war in Ukraine with members of Lula’s administration.
Monday, April 17th 2023 - 22:40 UTC
Brazilian analysts 2023 expectations: stronger Real vs the Dollar and economy will grow below 1%

The Brazilian Central Bank released its weekly Focus Bulletin this Monday, which brings together an estimate of the country's economy's future performance by leading financial markets analysts.
Monday, April 17th 2023 - 15:52 UTC
Ukraine rejects Lula's peace initiative to end the Kyiv/Moscow conflict

Ukraine, arguing sovereignty and territorial integrity has rejected a peace plan proposed by former Brazilian President Lula da Silva, stating that they will not renounce Crimea. Lula's proposal involved the withdrawal of Russian troops from Ukraine and the establishment of an autonomous region in the Donbass region.
Monday, April 17th 2023 - 09:24 UTC
New UAE investment in Brazil announced

Brazilian President Luiz Inácio Lula Da Silva and his entourage reached an agreement with the United Arab Emirates which foresees investments worth R$ 12 billion (around US$ 2.45 billion) in Bahia, Agencia Brasil reported.
Monday, April 17th 2023 - 09:04 UTC
Russian FM kicks off Latin American tour in Brazil

Russia's Foreign Minister Sergei Lavrov is off on a Latin American tour during which he will visit Brazil, Venezuela, Nicaragua, and Cuba between April 17 and 21 to strengthen bilateral cooperation in political, economic, commercial, educational, and humanitarian matters, according to Moscow.
Sunday, April 16th 2023 - 13:01 UTC
Lower-income groups less affected by Brazil's inflation

Inflation in Brazil decelerated for all income brackets in the month of March, according to a report from the Institute for Applied Economic Research (Ipea) released Friday, Agencia Brasil reported.