Brazil

• Friday, February 5th 2021 - 09:55 UTC

  Fernandez and Bolsonaro expected to share a family photo on the 30th anniversary of Mercosur

  

  Argentine ambassador in Brazil, Daniel Scioli, has confirmed what was advanced by Uruguayan president Luis Lacalle Pou during this week's meeting with his Brazilian counterpart Jair Bolsonaro, a meeting of Mercosur heads of state, sometime at the end of March. The summit will coincide with the thirtieth anniversary of the trade block, which also includes Argentina and Paraguay.

• Friday, February 5th 2021 - 08:57 UTC

  Mining giant Vale signs US$ 7bn settlement deal over Brumadinho disaster that killed more than 270 people

  

  Brazilian mining giant Vale signed a settlement deal on Thursday to pay 37.7 billion reais (US$ 7 billion) to the state of Minas Gerais, following the collapse of a dam two years ago that devastated the city of Brumadinho and killed more than 270 people.

• Thursday, February 4th 2021 - 09:32 UTC

  Brazil ends the Car Wash anti corruption unit, which sent top politicians and business leaders to jail

  

  Brazil’s Car Wash anti-corruption unit has officially been disbanded putting an end for a team of prosecutors that sent dozens of Brazilian and regional political and business leaders to jail, including several former presidents.

• Wednesday, February 3rd 2021 - 09:20 UTC

  Brazil industrial production down 4,5% last year, auto and clothing worst hit

  

  Brazil’s industrial output plunged by 4.5% last year as the coronavirus pandemic battered Latin America’s largest economy, particularly the auto and clothing industries, the national statistics institute reported on Tuesday.

• Tuesday, February 2nd 2021 - 09:40 UTC

  Uruguayan president will share lunch with Bolsonaro in Brasilia on Wednesday

  

  Uruguayan president Luis Lacalle Pou will be flying to Brasilia on Wednesday to share an informal lunch with his peer Jair Bolsonaro, his first overseas trip since taking office, but also a clear balancing act of the country's foreign policy regarding its two huge neighbors.

• Tuesday, February 2nd 2021 - 09:16 UTC

  Brazilian teamsters strike to protest fuel prices fizzles out

  

  Brazil independent truckers strike got off on Monday to a weak start because of internal divisions on how to protest fuel prices. The government said traffic was flowing freely on all of the country's highways far from fears of a repeat of the 2018 protest that disrupted food and fuel supplies.

• Tuesday, February 2nd 2021 - 09:11 UTC

  Falklands Latam's links to Chile and Brazil suspended until June

  

  The Falkland Islands Government can confirm that commercial air links with both Chile and Brazil will remain suspended for a further three months until 29 June 2021.

• Tuesday, February 2nd 2021 - 08:54 UTC

  Petrobras strikes oil in the pre-salt Campos Basin offshore Rio de Janeiro

  

  Brazil's oil and gas giant Petrobras announced a hydrocarbon discovery in the pre-salt Campos Basin offshore Rio de Janeiro state, some 200 kilometers from the coast and at a depth of 2,950 meters.

• Saturday, January 30th 2021 - 09:34 UTC

  One for Bolsonaro: Brazil almost broke; primary deficit reaches 10% of GDP

  

  Only a week ago, President Jair Bolsonaro said Brazil was “broke” and the latest Treasury numbers have come close to backing the statement. Last year the country reported a record primary budget deficit of 743.1 billion reais (US$138 billion), a record 10% of GDP.

• Thursday, January 28th 2021 - 09:42 UTC

  Brazil on the brink of financial default, points out the Financial Times

  

  Brazilian president Jair Bolsonaro has been s skeptical of the coronavirus pandemic and the effectiveness of different vaccines to contain it, arguing that the economy, jobs and activity, were the priority above sanitary recommendations. As a result of this approach, his administration's federal spending jumped almost 40% between January and November, according to the Institute of International Finance. And Bolsonaro had even admitted the country is “broke.”