The first ever summit between the European Union and Brazil is taking place in Portugal marking the start of what both sides hope will become a new strategic partnership on issues such as energy, climate change and human rights.
The United Nations High Commissioner for Refugees welcomed an offer by Brazil to resettle an estimated 100 Palestinians formerly living in Iraq starting in mid-September.
Foreign visitors to Brazil last year left an estimated 4.3 billion US dollars, up 11.77% over 2005, in spite the number actually dropped and the recurrent air traffic problems in Brazilian skies.
Energy corporations will invest 133 billion US dollars in the next ten years looking for oil and gas in Brazil according to a release from the country's Ministry of Mines and Energy.
Brazil's largest air carrier TAM Linhas Aereas signed a memorandum of understanding to buy 22 Airbus A350 XWB jets plus four A330-200s, the European manufacturer announced Friday.
Venezuela's President Hugo Chávez' likely failure to attend the upcoming Mercosur presidential summit in Paraguay is not a politically transcendental issue, but a simple problem of agenda, said Marco Aurelio García, Brazilian President Luiz Inácio Lula da Silva's foreign affairs aide.
British Prime Minister Tony Blair told President Luiz Inacio Lula da Silva in a telephone call that he is counting on Brazil's help to "save" the Doha round of the World Trade Organisation (WTO) talks.
Brazil's budget primary surplus reached in April 23.5 billion Reales (approx 12 billion US dollars) following on an equally positive March, 19.4 billion Reales (approx 10.2 billion US dollars) reported the Central Bank.
Brazilian government-controlled oil company Petrobras is planning to invest 18 billion US dollars in the gas sector over the next four years, most of it in 2008, taking Brazil's current production from 27.5 million cubic meters in 2006 to 70 million cubic meters by 2011.
Brazilian beef exports netted 443 million US dollars in May, a new monthly record high according to the Brazilian Beef Industry and Exporters Association (Abiec). Shipments totaled 266.000 tons, up 28.6% over May 2006.