Brazil’s central bank on Wednesday held interest rates at an all-time low less than a week after the victory of far-right lawmaker Jair Bolsonaro in presidential elections allayed fears of a currency sell-off.
Brazil’s environment and agriculture ministers on Wednesday criticized President-elect Jair Bolsonaro’s plans to merge their departments, saying it would hurt the country’s agenda on both fronts. Bolsonaro has pledged to roughly halve the number of existing ministries in an effort to reduce bureaucracy and government bloat. He also vowed to merge the planning, finance and industry ministries into one super ministry.
Brazil's President elect Jair Bolsonaro has vowed to push for a change in the current legislation which requires people to justify their need to carry a weapon in order to be given the mandatory license.
Brazil’s far-right president-elect, Jair Bolsonaro, is likely to tap army generals and an ultra-free-market economist for key roles in his cabinet. The former army captain styles himself as an outsider, even though he has spent a long career in Congress, and has mostly sought prospective ministers with little political experience.
Brazil's unemployment rate fell for the sixth straight month in September, according to government data released on Tuesday, two days after far-right congressman Jair Bolsonaro was elected president on a promise of sweeping change. The jobless rate -- measured in sliding three-month intervals -- was 11.9% for the period from July to September, down from 12.1% from June to August.
The president elect of Brazil Jair Bolsonaro in his first television interview as president elect said it was necessary to solve the problem of the Venezuela dictatorship of Nicolas Maduro, but underlined “there will be no intervention in Caracas, it will be through peaceful means”.
Mercosur is not a priority, and Argentina is not a priority for the new government of Brazil, the priority is to trade with all the world. The strong statement came from Paulo Guedes, signaled as the next Finance minister of president elect Jair Bolsonaro's cabinet and a crucial player in that team since the newly elected leader has admitted a limited knowledge of economics.
Brazil's president-elect Jair Bolsonaro says he wants the country's best-known anti-corruption judge to be justice minister or to serve on the Supreme Court. Sergio Moro has been the driving force behind an anti-corruption probe known as Operation Car Wash.
At exactly 19h18m, Sunday 28 October, the Electoral Superior Tribunal, TSE, minister Rosa Weber stated that Jair Bolsonaro, candidate for the “Brazil above all, God above all of us” coalition was mathematically elected president of Brazil. The new president is to take office next January first, for the period from 2019 to 2022.
With 99.99% of votes counted, it has become evident that one third of Brazilians turned their backs on the two candidates which have polarized the presidential election and its runoff this Sunday, 28 October.