A Brazilian federal court has overturned a provisional injunction that blocked a proposed tie-up between plane makers Embraer and Boeing, Embraer said on Monday in a securities filing. Brazil's Embraer announced in July its intention to sell 80% of its commercial aviation business to Chicago-based Boeing for US$ 3.8 billion. Embraer has said the deal is crucial for its survival.
Mercosur and the European Union will be holding a round of technical talks this week in Montevideo, starting on Monday, with the purpose of building a strong consensus that could anticipate an agreement sometime next year.
Brazil's former president, Lula da Silva, says he was jailed to prevent him from winning the 2018 presidential election which saw far-right candidate Jair Bolsonaro elected. In an exclusive interview with the BBC via letters from his cell, Lula said Judge Sergio Moro “did politics and not justice” when he sentenced him.
Brazil's right-wing President-elect Jair Bolsonaro named a pro-life evangelical pastor to head a new ministry of Women, Family and Human Rights that will also take over the agency looking after the country's 850,000 indigenous people. Damares Alves, a lawyer, preacher and congressional aide, is a staunch opponent of legalizing abortion, which is allowed only in cases of rape, anencephaly or when the mother's life is in danger.
Twelve people including 6 hostages were killed on Friday in a shootout between police and bank robbers attempting to blow up ATMs at 2 banks in a small town in northeastern Brazil, authorities said.
Brazilian outgoing president Michel Temer said on Thursday his government will leave a primary budget deficit fewer than 130 billion reais (US$ 33.3 billion) when he hands over the reins to President-elect Jair Bolsonaro on January first.
A Brazilian federal court on Thursday suspended a proposed US$ 4.75 billion tie-up between US aerospace giant Boeing and the civilian business of Brazilian plane-maker Embraer pending the government of president-elect Jair Bolsonaro taking office.
Environmental activists have labelled Brazil and Saudi Arabia “fossils of the day” during the United Nations two-week climate conference in Katowice, Poland.
Five of the world’s largest democracies now have populist governments, claimed The Guardian last week, and proceeded to name four: the United States, India, Brazil and the Philippines. Which is the fifth? At various points it name-checks Turkey, Italy and the United Kingdom, but it never becomes clear which. (And by the way, India’s prime minister Narendra Modi is not a populist. He’s just a nationalist.)
Traditionally leaders of Brazil have had to offer ministerial posts to allied parties to form a working majority in a Congress that has more than two dozen parties. But following years of corruption scandals that pummeled trust in Brazil’s political establishment, president-elect Jair Bolsonaro has chosen his cabinet ignoring powerful party bosses.