Brazil's Monetary Policy Committee (Copom) unanimously decided Wednesday to reduce the economy's basic interest rate (known as the Selic rate) by 0.5 percentage points to 12.25% per year, Agencia Brasil reported.
Former Brazilian President Jair Bolsonaro and his running mate in the 2022 elections General Walter Braga Neto were found guilty Tuesday by the Superior Electoral Court (TSE) of using the Sept. 7 Independence Day celebrations for political gain, Agencia Brasil reported.
Brazilian minister of Ports and Airports Silvio Costa Filho, announced the termination of the Investment Partnership Program (PPI), which had originally set the conditions for the privatization of the management of the Port of Santos.
Brazil did not enjoy the globalization process that started in the 1980s to its fullest potential. Still, it may have a second chance now amid the current de-globalization process – essentially an adjustment of globalization.
Brazilian President Luiz Inácio Lula da Silva Tuesday praised Argentine football start Lionel Messi on winning his eighth Ballon d'Or award. Messi should serve as an example to Brazilian players, said Lula on social media.
Brazilian Foreign Minister Mauro Vieira was highly critical of the United Nations Security Council's performance regarding the ongoing war between Israel and the terrorist group Hamas. We failed, said the top diplomat of the country currently chairing the body, Agencia Brasil reported.
Due to recent heavy rains on the Brazilian side, the tourist attraction of the Iguazú Falls has been closed to visitors at least until Wednesday pending damage assessments given a water flow 16 times higher than usual, it was reported.
Brazilian President Luiz Inácio Lula da Silva told Spanish Prime Minister Pedro Sánchez during a telephone conversation last week that he was keen on finalizing the trade agreement between the European Union (EU) and Mercosur.
A Brazilian-developed vaccine against cocaine addiction is almost ready for public distribution. The drug, named Calixcoca, “would block the effects on the brain,” according to the researchers behind the project.
Ecuadorian towns in the Amazon region have been reported to be undergoing power outages that might drag on at least until December if current drought conditions are to persist, according to local authorities. The power cuts have caused havoc and traffic chaos in a country where violence reigns supreme and darkness only adds to the insecurity condition.