Most Brazilians feel that race and skin colour have great influence in labour relations and in the way they are treated by police and the judiciary, according to a report from the Brazilian Geography and Statistics Institute, IBGE.
Brazil’s unemployment rate fell to its lowest since January in spite of efforts by policy makers to cool growth and inflation in Latin America’s biggest economy. The jobless rate fell to 6.2% in June, from 6.4% in May and 7% a year earlier, the national statistics agency said in a report distributed in Rio de Janeiro.
Swedish truck-maker Scania controlled by Germany’s Volkswagen, reported second-quarter profit that missed analysts’ estimates as orders in Brazil slowed. Net income in the quarter rose to 2.43 billion kronor (380 million USD) from 2.37 billion kronor a year earlier, the company said in a statement.
After growing 20% annually over the past ten years and reaching a level of 800,000 tourists annually, the pace of cruise expansion in Brazil is expected to encounter a sharp slowdown in the 2011-2012 season.
Denmark-based Vestas has secured an order from a consortium created by Brennand Energia and Companhia Hidro Eletrica do Sao Francisco in the north east of Brazil to supply turbines with a total capacity of 90MW for three wind energy projects.
Brazil will reduce the ethanol content in gasoline in another effort to contain inflation since sugar (and ethanol) prices because of a poor crop have been soaring, according to the Sao Paulo press.
Brazil's central bank on Monday tightened rules on credit card loans backed by wages and pensions which households are increasingly using as a source of long-term borrowing.
Former Brazilian president Lula da Silva claimed elites defend social inequality and anticipated he would be active again in politics ahead of the 2012 municipal elections.
The construction of four diesel powered Scorpene-class attack submarines for the Brazilian Navy was launched on Saturday at a plant near Rio de Janeiro.
Influential foreign policy experts at the New York based Council on Foreign Relations (CFR) think the United States should move closer to Brazil politically and economically and recommend the creation of a Brazilian affairs office at the National Security Council.