Brazil’s world-famous Maracana stadium is to get a new name after the Rio de Janeiro state legislature voted on Tuesday to change its official title to the Edson Arantes do Nascimento – Rei Pele stadium.
The decision to annul former president Lula da Silva's conviction had an immediate effect in financial markets and scrambled forecasts for the 2022 Brazilian presidential race, with many investors betting it would polarize voters between right-wing populist president Jair Bolsonaro, and Lula, a left-wing populist but also his greatest opponent.
Brazilian state of Mato Grosso, the largest grain producer in the country, announced on Sunday that its hospital network has begun to collapse, as there is a lack of intensive care beds due to the increasing number of patients suffering from COVID-19.
President Jair Bolsonaro has told Brazilians to stop whining about Covid-19, as he criticized measures to curb the virus despite a surge in cases and deaths. His comments came a day after Brazil saw a record rise in deaths over a 24-hour period.
Brazilian president Jair Bolsonaro confirmed he will be traveling to Argentina on March 26th for the celebration of Mercosur's 30th anniversary, and also offered support for the president Alberto Fernandez administration negotiations with the IMF.
The shipping company Maersk expects world trade to grow by 3% or more in 2021. The company sees global trade recovering, but there is still a lot of uncertainty about the size of the impact of Covid-19 on the world economy in 2021. So it is implementing a global strategy that positions it for growth in several countries, including Mercosur members.
French supermarket chain Casino is being sued by indigenous groups from the Amazon, for allegedly selling beef linked to deforestation. The 11 indigenous groups, backed by NGOs in the US and France, are seeking €3.1m in damages.
Uruguay is very concerned, and threatened, by the situation in the city of Rivera, bordering the Brazilian city of Santana do Livramento, Rio Grande do Sul state, where the number of infections is alarming and continues to grow, while the Intensive Care Centers in the capital Porto Alegre are saturated.
Brazilian soy shipments this month should reach 15 million tons, which could establish a new record for a month, according to the maritime agency Cargonave, considering the 250 ships in the export line-up, a growth of more than 40% compared to the number seen in the same period last year.
With public finances threatened, Brazil’s Real has suffered as investors adjust to changing liquidity conditions globally, but some of it has not been justified by economic fundamentals, central bank President Roberto Campos Neto said on Tuesday.