Brazil reaffirmed its influence in Africa with the visit by President Dilma Rousseff on Thursday of the oil rich ‘brother’ nation Angola. Rousseff had previously visited South Africa and Mozambique.
Brazil’s Supreme Court suspended until mid-December a higher tax on imported cars imposed in September to protect local manufacturers from cheap import from China, Korea and elsewhere.
Brazilian Senate Constitution and Justice Committee approved this week the bill for the creation of a National Truth Commission to research unsolved serious crimes committed between 1946 and 1988, which includes the controversial military dictatorship period from 1964 to 1985.
Argentine and Brazilian footwear manufacturers clashed this week over restrictions to trade, mainly through the delay in approving import licences but agreed to keep talking next month in Rio do Janeiro.
Brazil’s central bank cut borrowing costs by half a point for a second straight meeting. The bank’s board, led by President Alexandre Tombini, voted unanimously to reduce the benchmark Selic rate to 11.5% from 12% percent.
Former Brazilian president Lula da Silva recommended European Union leaders to stop discussing balancing budgets and recapitalization of banks and find a solution to the current crisis through more economic growth, more trade and more jobs.
Ricardo Teixeira has dominated Brazilian football for so long that, like many of the best players, he is known by just one name. They call him the cartola, literally the top hat, a title given to football bosses that instil respect and fear in equal measure and can carry more than a hint of shadiness.
Britain’s House of Commons strongly supports a closer bilateral relationship with Brazil, which it describes as a democratic, well governed, responsible state but regrets the hardening position of Brazil towards the Falklands and the HMS Clyde incident.
Argentina, Brazil and Mexico meeting in Uruguay ahead of the G-20 summit in France next November, agreed to demand a greater role for the region in global affairs and in helping to resolve the global economic crisis.
Former Barcelona (1993/95) striker Romario and 1994 World Cup champion came on stage to say that Argentine star Lionel Messi still has some way to go before he can call himself the best player ever.