Brazil surpassed 30,000 deaths from the coronavirus outbreak on Tuesday as the disease continued to rip through South America's worst-hit country. Figures released by the health ministry showed a new record 1,262 deaths in the previous 24 hours, as well as 28,936 new infections.
Hundreds of demonstrators converged on the square in front of the Rio de Janeiro state government palace Sunday, protesting crimes committed by the police against black people in the Brazilian city’s poor neighborhoods, known as favelas.
Brazil's financial analysts downgraded their economic growth forecast for 2020 from -5.89% to -6.25%, marking the 16th downward adjustment in a row, the Central Bank of Brazil said on Monday.
Brazil's May soybean exports jumped 45% on the year to reach 15.5 million tons, the second-highest monthly soy shipment ever, the latest foreign trade department data released on June first showed, with a hefty 74% of this volume bound for China.
The United States has delivered two million doses of the anti-malarial medicine hydroxychloroquine (HCQ) to Brazil to fight COVID-19, the White House said Sunday, though the drug has not been proven effective against the coronavirus.
Brazil reported a record 33,274 new cases of the new coronavirus this weekend, the health ministry said, and the death toll surpassed that of France and now ranks below only the United States, Britain, and Italy.
Brazilian President Jair Bolsonaro joined supporters protesting against Congress and the Supreme Court in Brasilia on Sunday, stoking concerns of an institutional crisis in the nation that now has the world's second-highest number of coronavirus cases after the US.
Brazilian plane manufacturer Embraer SA, the world's third-largest commercial jet builder, should obtain US$600 million in credit lines from Brazil's state development bank BNDES and private banks in June, government sources said on Sunday.
LATAM Airlines Group's U.S. bankruptcy filing last week will delay its potential bailout in Brazil to at least July and also push back aid to its rivals at least through the end of June.
Despite a record number of new coronavirus cases reported in Brazil this week, Sao Paulo –the largest city in South America and home to Brazil's financial hub– will allow shops and malls to reopen after two months of loosely enforced quarantine.