Brazil is not only the biggest country in Latinamerica but also has the largest economy and expects to play a leading role in the global economy in the near future, however a report from the World Bank is not so enthusiastic and points out to a series of challenges the country must address if it wishes to effectively become a super star.
Brazil advanced toward its target of joining the small club of nations that have nuclear-powered submarines with the opening of a naval shipyard installation that will build French-designed submarines.
Brazilian security forces seized control of two crime-ridden ‘favelas’ slums near Rio do Janeiro’s international airport and seaport Sunday in a new bid to drive out drug traffickers ahead of the 2014 World Cup and the 2016 summer Olympics.
The Brazilian economy grew a mere 0.9% in 2012 despite government stimulus measures, its worst performance in three years, official statistics showed Friday. But prospects for the coming years are considered encouraging given the international events to be hosted by Brazil and the electoral calendar.
Paraguay, north Argentina and Brazil are in dengue alert following the confirmation of over 200.000 cases of the mosquito transmitted viral disease so far this year. The situation is considered worst that in previous years because besides a deep rise in the confirmed cases, the circulation of the four sero-types (strains) of dengue (1, 2, 3 and 4) has been detected, which means the disease keeps expanding.
Brazil’s Bovespa-index futures declined with the equity gauge poised for its biggest monthly drop since May, after iron-ore producer Vale SA posted a record loss in the fourth quarter.
The US Air Force has chosen Brazil’s Embraer for a 427 million dollars contract to supply light attack planes to Afghan forces, the company said Thursday, despite competition from an American bid.
President Dilma Rousseff said on Wednesday that Brazil must cut its high business costs to become more competitive and vowed to keep inflation in check. The leader anticipated that 2013 will be a year of major infrastructure investments in roads, railways, ports and airports to try to stop bottlenecks from holding the economy back.
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Brazil’s current account deficit surged to a record high in January, outpacing foreign direct investment for the third straight month because of the widening trade gap according to central bank data.