
President Jose Mujica said that Uruguay is ‘aligned’ with Brazil in economic policy, and if the government of President Dilma Rousseff decides to devalue its currency, “Uruguay will follow” and as Brazil, “Uruguay is not satisfied with the functioning of Mercosur”.

The 124 richest people in Brazil hold assets totalling 544 billion Reais equivalent to 238.6bn dollars or 12.3% of the country’s GDP, which is considered one of the most unequal in the world. The 124 are included in Forbes magazine latest publication that brings together all those Brazilians with fortunes over a billion Reais (approx 438 million dollars).

Reports that the United States spied on Brazilian oil company Petrobras, if proven, would be tantamount to industrial espionage and have no security justification, Brazil's President Dilma Rousseff said on Monday.

German carmaker Daimler plans to build a new Mercedes factory in Brazil to benefit from growing demand for compact cars in the country, its chief executive told a German newspaper.

Police in Brazil used tear gas, dogs and rubber bullets to scatter protesters against corruption who tried to interrupt Saturday’s Independence Day celebrations including military parades in Rio de Janeiro, Brasilia and in dozens of other cities which led to scuffles between marchers and police.

Brazilian President Dilma Rousseff, angered by a recent report that the US government spied on her communications, said on Friday that President Barack Obama had taken responsibility for what happened and that she may proceed with a planned visit to Washington next month.

Angered by recent revelations that the United States spied on its emails and phone calls and even its president, Brazil's government is speeding up efforts to improve the security of its communications - and hopefully keep more of its secrets under wraps.

Brazilian President Dilma Rousseff's popularity recovered from a recent drop caused by massive street protests as the government tried to deal with the sluggish economy and concern that inflation will rise the Estado de S. Paulo newspaper reported on Friday.

Brazil will probe telecommunications companies to see if they illegally shared data with the United States National Security Agency after it was found the US had been spying on President Dilma Rousseff. Brazil’s government has accused the US of lying about the NSA’s activities in the country.

International Olympic Committee President Jacques Rogge said his organization and future games hosts must overcome the challenge of convincing the wider public about the benefits of staging sports’ biggest event.