Brazil appears to have the best long-term prospects among rising economic powers, thanks to its stable policy framework, ample natural resources and good relationship with its neighbours, former U.S. President Bill Clinton said on Tuesday in a ringing endorsement of an economy that has struggled lately.
Brazil's defence industry is booming, fuelled by government incentives to modernize the country's armed forces and develop a robust, export-oriented military industrial complex. With the world's sixth largest economy, Brazil was ranked as the eighth largest arms exporter in the 1980s but currently languishes in 30th place, according to industry experts
Forbes magazine ranked German Chancellor Angela Merkel the most powerful woman in the world for the second year in a row in the annual list dominated by politicians, businesswomen and media figures. US Secretary of State Hillary Clinton placed second, followed by Brazilian President Dilma Rousseff, making the top three spots unchanged from last year.
President Dilma Rousseff continues to enjoy high approval ratings as Brazilians remain mostly unaffected by the country's recent economic slowdown, according to a poll released on Tuesday.
Brazil's government unveiled on Wednesday measures to lure up to 133 billion Reais (66 billion dollars) in private investment for new roads and railways needed to unclog the country's transportation bottlenecks.
Seven years after a corruption scandal rattled the government of former President Lula da Silva, Brazil's Supreme Court began on Thursday a landmark trial that could mar the wildly popular leader's legacy.
Brazilian president DIlma Rousseff said that with the incorporation of Venezuela, Mercosur has become a global power in food and energy and becomes the fifth world economy with a GDP of 3.3tn dollars.
Venezuela signed on Tuesday an agreement to purchase 20 commercial aircraft from Brazil’s Embraer in an operation valued at 900 million dollars
Uruguayan president Jose Mujica and his peer Dilma Rousseff signed in Brasilia a bilateral agreement to promote the free circulation of goods and services and the strengthening of political and trade links between the two countries.
Argentine President Cristina Fernández said on Tuesday during a press conference held at the Mercosur extraordinary summit in Brasilia, that Venezuela’s entry to the bloc “strengthens the entire region” and creates a “new pole of power” at world level.