Brazil

Thursday, July 21st 2022 - 21:20 UTC
Uruguay refuses to sign Mercosur Summit's joint statement

The Government of Uruguay Thursday refrained from signing the joint document penned at the Mercosur Summit in Asunción, on the grounds that it lacked any mention of flexibilization, which the Luis Lacalle Pou administration needs to broker one-on-one deals with other blocs or countries or blocs of the block.
Thursday, July 21st 2022 - 10:10 UTC
Brazilian prosecution begins accusation against gang that shipped cocaine to Europe in fruit containers

Brazil's Federal Prosecution Service formally accused eighteen of belonging to criminal gangs involved in sending cocaine in fruit containers to Europe through the port of Salvador, north of the country. With Operation Decontamination, twelve search and seizure warrants were ordered plus eight preventive arrests last April in several cities of the states of Bahia and São Paulo.
Thursday, July 21st 2022 - 09:46 UTC
Bolivian railroad seeks to boost region's global trade capabilities

Bolivia's Foreign Minister Rogelio Mayta Wednesday highlighted his country's Bioceanic Integration Railway Corridor (CFBI), which seeks to link the Brazilian port of Santos with Ilo in Peru to further develop the region's trade capabilities.
Thursday, July 21st 2022 - 09:41 UTC
Brazilian conservatives want Temer to join presidential race

While the upcoming presidential elections seemed an inevitable clash between the incumbent rightwing Jair Bolsonaro and the former PT Lula Da Silva, Brazilian media rocked the political stage Wednesday with rumors that former President Michel Temer might join the race on behalf of the conservative Brazilian Democratic Movement (MDB).
Thursday, July 21st 2022 - 07:13 UTC
Brazilians will again eat three meals a day, vowed Lula

Former Brazilian President Luiz Inácio Lula Dda Silva Wednesday said during a visit to his native state of Pernambuco that people in his country will go back to eating at least three meals a day if he beats the incumbent Jair Bolsonaro in the Oct. 2 elections.
Wednesday, July 20th 2022 - 10:55 UTC
Despite Mercosur summit in Paraguay, Bolsonaro keeps cutting tariffs for critical inputs of industry and medicine

Although Brazilian president Jair Bolsonaro is not attending the Mercosur summit in Paraguay, his administration continues with its policy of unilaterally reducing the common external tariff. In this case Brazil's Foreign Trade Chamber Executive Committee approved the reduction of import tariffs on thirteen items, including medicines, medical equipment, printing ink and polypropylene resin. Tariffs were cut to zero or reduced to 2%, from 2% and 6,5%.
Wednesday, July 20th 2022 - 10:50 UTC
Rio Grande port in south Brazil plans to increase export shipments from Uruguay and Paraguay

The Port of Rio Grande in the Brazilian southernmost state of Rio Grande do sul, will have continuous dredging of its access channel. The decision follows strong long-standing demand from operators and the fact that the main maritime port terminal in the state of Rio Grande do Sul also has close links with the three other Mercosur member countries, Paraguay, Argentina and Uruguay.
Wednesday, July 20th 2022 - 10:34 UTC
Bolsonaro tells foreign diplomats about “unreliable” voting machine

Brazilian President Jair Bolsonaro summoned some 40 foreign ambassadors to his Brasilia residence Monday. During the event, he gave yet another speech on the alleged cracks of the country's electronic voting system.
Wednesday, July 20th 2022 - 10:03 UTC
Brazil diversifying protein markets, Britain and Egypt with Halal cuts

Brazil, one of the world's largest exporters of beef is diversifying markets since its sales are concentrated in China and Hong Kong, a situation very similar to that of neighboring Mercosur partners, Uruguay and Argentina.
Tuesday, July 19th 2022 - 09:06 UTC
Brazilian unicorns hit by mass layoffs as financing runs scarce

Brazilian startup companies also known as “unicorns” are going through mass layoffs after their momentum seems to have calmed down and the consequences of COVID-19 lockdowns and their ensuing economic crises begin to take their toll, it was reported.