Tag: Brazil

• Thursday, December 8th 2016 - 11:53 UTC

  Temer submits pension reform bill: retirement age raised to 65

  

  Brazil's President Michel Temer submitted a crucial bill to Congress that would raise the retirement age to 65. The draft bill, part of a pension reform plan, would apply to all men under 50 and women under 45, following 25 years of contributing to social security.

• Thursday, December 8th 2016 - 11:44 UTC

  Brazil Supreme Court defuses clash with Senate, but Calheiros no longer in presidential succession line

  

  Brazil’s Supreme Court voted Wednesday to leave Senate President Renan Calheiros in his powerful leadership post, raising hopes economic overhauls making their way through Congress can be approved.

• Wednesday, December 7th 2016 - 10:57 UTC

  Constitutional clash in Brazil, Senate disobeys Supreme Court: countdown for Temer presidency?

  

  Brazil moved a step closer to a constitutional crisis on Tuesday as the head of the Senate refused to abide by a Supreme Court Justice ruling stripping him of his powerful post. A defiant Sen. Renan Calheiros told reporters he won’t recognize a decision handed down late Monday by a single high-court judge. The clash could mean the beginning of the countdown for president Michel Temer weak administration and his fiscal reforms program

• Tuesday, December 6th 2016 - 06:43 UTC

  Renan Calheiros suspended from Parliament during his trial for corruption

  

  Brazil's Senate Speaker Renan Calheiros was suspended from duties by a Supreme Curt judge Monday, pending his trial where he faces corruption charges in what constitutes anothe blow to President Michel Temer's administration. The decision, made by judge Marco Aurelio Mello was effective immediately, but needs to be confirmed by a majority of judges on the supreme court bench, a court official said.

• Tuesday, December 6th 2016 - 06:19 UTC

  It's Official: Chapecoense are South American Cup Champions

  

  The South American Football Confederation (CONMEBOL) Monday officially awarded the 2016 South American Cup title to the Brazilian team Chapecoense, who lost most of their players and staff as their airplane crashed in Colombia last week on its way to playing the final's first leg in Medellín against the local squad of Atlético Nacional, who was awarded the Conmebol's Fair Play Centennial prize.

• Thursday, December 1st 2016 - 14:13 UTC

  From dream to nightmare in seconds: Chapecoense fans cry their heroes

  

  Fans of Chapecoense, the Brazilian football club enjoying a fairy tale season until almost wiped out in a plane crash, wept outside the stadium on Tuesday. All year, the once struggling, impoverished club had delighted the people of Chapeco, a city of about 200,000 in Santa Catarina state. Now, only grief remains.

• Thursday, December 1st 2016 - 14:00 UTC

  ºBrazil central bank lowers Selic rate to 13.75%; warns about global uncertainty

  

  Brazil's central bank cut its key interest rate Wednesday for the second month running, as data showed that the recession hitting Latin America's largest economy continued into the third quarter. The central bank lowered the benchmark Selic rate by a quarter of a percentage point, to 13.75% -- still one of the world's highest.

• Wednesday, November 30th 2016 - 11:08 UTC

  University of Sao Paulo targets the Moon for 2020

  

  According to a project announced Tuesday by the University of São Paulo, Brazil plans to launch its first mission to the moon in December 2020 with a nanosatellite to orbit the star to the effects of the space environment on different life forms.

• Wednesday, November 30th 2016 - 10:39 UTC

  Massive violent protests against Brazilian congress discussing austerity bill

  

  Thousands of people gathered on Tuesday in Brasilia outside Brazil's Congress to protest against the austerity plan of President Michel Temer and against what they see as attempts to shield corrupt politicians. Student groups and labor unions organized the demonstration to coincide with a debate in the Senate on Temer's proposal for a constitutional amendment that would cap public spending for 20 years.

• Wednesday, November 30th 2016 - 10:14 UTC

  Brazil economic outlook lowered according to Central bank survey

  

  Economists again lowered their outlook for Brazil's economic performance in 2016 and 2017, as the effects of a deep recession persist in Latin America's largest economy.