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MercoPress, en Español

Montevideo, May 24th 2025 - 10:38 UTC

Brazil

  • Monday, May 12th 2025 - 20:37 UTC

    Lula announces sizeable Chinese investments in infrastructure

    Lula made those remarks at a Sino-Brazilian Business Forum in Beijing

    Brazilian President Luiz Inácio Lula da Silva announced Monday that Chinese investors would be allocating some R$ 27 billion (US$ 4.69 billion at the current exchange rate) to infrastructure and other development in the South American country. He made those remarks during his participation in the Brazil-China Business Forum in Beijing. The investments will also cover the areas of education and technology, it was explained.

  • Monday, May 12th 2025 - 10:39 UTC

    Lula kicking off Beijing tour with meetings with businesspeople

    Lula is to sign at least 16 agreements with China this week

    Brazilian President Luiz Inácio Lula da Silva is to meet Monday with executives from two major Chinese companies. Later in the day, he is to hold an encounter with representatives from the health sector and sign a series of agreements before closing the Brazil-China seminar. He is currently in Beijing on an official visit to strengthen business ties.

  • Monday, May 12th 2025 - 10:04 UTC

    Petrobras strikes high-quality oil in Santos Basin Pre-Salt Aram block

    The exploratory well in the Aram block, is located 248 kilometers off the Santos coast, at a water depth of 1,952 meters

    Petrobras has announced a new oil discovery in the pre-salt Santos Basin, identifying “high-quality oil without contaminants” at the 3-BRSA-1396D-SPS exploratory well in the Aram block, located 248 kilometers off the coast of Santos, at a water depth of 1,952 meters

  • Saturday, May 10th 2025 - 10:55 UTC

    Brazil's STF reaches majority to convict Congresswoman Zambelli

    Zambelli also has another case before the STF

    Brazil's Federal Supreme Court (STF) has a majority vote to sentence Congresswoman Carla Zambelli to 10 years in prison for hacking the National Council of Justice's (CNJ) electronic system in 2023. Case rapporteur Alexandre De Moraes, along with Justices Flávio Dino and Cristiano Zanin, have voted in favor of conviction, while Luiz Fux and Cármen Lúcia -completing the Court's First Panel- have yet to cast their opinions.

  • Saturday, May 10th 2025 - 07:58 UTC

    Brazil eyes railroad to Chancay to facilitate trade with China

    Xi Jinping supports this project as part of China's trade expansion in the region

    Brazilian and Chinese authorities are evaluating the construction of a railroad to the Chancay mega-port in Peru through Acre, near Bolivia, to Bahia on the Atlantic coast, which would reduce the maritime trade distance to Asia by approximately 10,000 kilometers while easing reliance on the congested port of Santos, Planning Minister Simone Tebet explained.

  • Friday, May 9th 2025 - 11:10 UTC

    Lula and Russia's Victory Day celebrations

    From Moscow Lula will be traveling to Beijing (Pic REUTERS)

    Brazilian President Luiz Inácio Lula da Silva had a special seat in Moscow's civil-military parade celebrating the 80th anniversary of the Soviet Union’s victory over Nazi Germany in World War II. The event, known as Victory Day, marks the unconditional surrender of the Germans in 1945.

  • Thursday, May 8th 2025 - 15:20 UTC

    Brazil’s new World Map sparks debate: A southern perspective on global geography

    Lula da Silva defended the map, stating, “The Earth is round. Our perspective matters.”<br /> <br />

    Brazil has launched a new world map that places the South American nation at the center of the world, challenging traditional Eurocentric perspectives. Released by the Brazilian Institute of Geography and Statistics (IBGE), the map is part of the country’s updated Geographical Atlas, emphasizing Brazil's prominence in global affairs.

  • Thursday, May 8th 2025 - 10:41 UTC

    BCB ups Selic rate to 14.75% per annum

    It was the sixth Selic rate hike in a row

    Brazil's Central Bank's (BCB) Monetary Policy Committee (Copom) unanimously decided Wednesday to raise the Selic benchmark rate by 0.5 percentage points to 14.75% per year, consolidating a contraction cycle. This decision was driven by high food and energy prices and global economic uncertainties, and the financial markets were expecting the move.

  • Wednesday, May 7th 2025 - 19:34 UTC

    Brazil tackling famine crisis by suspending fraudulent benefits

    Some 4.1 million fraudulent benefits have been canceled, saving Brazil R$ 34 billion (US$ 5.9 billion) annually, Dias explained

    Brazilian Minister of Development and Social Assistance Wellington Dias highlighted Wednesday that his country, one of the world's leading food producers, was beginning to overcome its famine problem affecting over 33 million people. He made those remarks during the Bom Dia Ministro broadcast show on the State-run EBC station.

  • Wednesday, May 7th 2025 - 10:41 UTC

    Brazil's STF indicts 7 others in “Parallel Abin” case

    Brazil's STF indicts 7 others in “parallel Abin” case

    Brazil's Supreme Federal Court (STF) unanimously decided to indict seven more people in connection with a coup plot during the government of former President Jair Bolsonaro.