A judge has barred a planned celebration marking the anniversary of the 1964 Brazilian coup which overthrew the democratic government of the elected leader Joao Goulart. President Jair Bolsonaro had planned to celebrate the anniversary of the start of the military dictatorship on Sunday.
Brazil’s central bank will take its time analyzing the economic impact from an increasing number of shocks from abroad and rising political tension at home that appear to be slowing the government’s reform process, its president said.
Travelers are scrambling to get plane tickets to Brazil now that the country has erased the need for a visa. Australian, Canadian, Japanese and American tourists will no longer need a visa starting June 17, 2019, and a new Kayak survey revealed searches for flights have shown double-digit increases.
Brazil’s jobless rate rose in February for the second straight month, government data showed on Friday, adding to pressure on new President Jair Bolsonaro to reignite a sluggish economic recovery.
Brazil's former president Michel Temer was hit with corruption charges on Friday, just a day after being charged in a separate graft case, the federal prosecutors office in Rio de Janeiro said.
Brazilian President Jair Bolsonaro and his economy minister tried to rescue their contentious pension reform bill on Wednesday, as deepening political chaos surrounding the government’s signature proposal slammed Brazilian markets.
Swiss pharmaceutical company Roche said this week it will stop producing medicines at its Rio de Janeiro unit in Brazil, a new blow to a country whose economy appears to be in its most sluggish decade in 120 years. Roche said the move will take place within the next five years because that factory is not financially sustainable.
Brazil Mines and Energy Minister Bento Albuquerque said that Venezuela had not complied with its contract to supply the northern state of Roraima with energy since March 7. Roraima is a neighbor of Venezuela and an international bridge has become an escape way for thousands of Venezuelans fleeing from the Nicola Maduro regime and the lack of food and medicines.
Brazil's pension reform process hit two speed bumps on Tuesday, as Economy Minister Paulo Guedes did not attend a first congressional hearing on the proposals and a bloc of eleven political parties demanded the removal of changes affecting retirement benefits for rural and disabled workers.
Brazil's federal prosecutor's office on Tuesday said it was opposed to far-right President Jair Bolsonaro's plan to allow the armed forces to officially commemorate the 55th anniversary of Brazil's military coup this weekend.