The government of Brazilian President Jair Bolsonaro announced on Tuesday a financial package aimed at staving off a potential truckers' strike. Chief of Staff Onyx Lorenzoni said the Brazilian Development Bank will be providing US$ 128 million in credit to truckers and that the Ministry of Infrastructure will spend US$ 514 million on improving roads.
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.
Brazil’s Supreme Court delayed indefinitely a decision on whether former president Lula da Silva should be freed from prison, where he is serving a 12-term for corruption. One of the five justices called for the postponement to give more time to study the case after two of his colleagues decided against a release.
The Brazilian corruption probe known as Operation Carwash (Lava Jato) has placed three out of five living former presidents of Brazil as defendants. Michel Temer, the current president, and José Sarney so far have been only arraigned.
Brazil has opened criminal proceedings against former leaders Lula da Silva and Dilma Rousseff for allegedly receiving bribes with money diverted from state-owned oil giant Petrobras. The Workers Party (PT) of the two ex-presidents has strongly denied the charges, calling them a “scandalous maneuver” with partisan motives.
Brazil President-elect Jair Bolsonaro's party expects to recruit members from rivals in the Chamber of Deputies to form the biggest bloc with 61 seats, lawmakers said on Wednesday.
Brazil’s top electoral authority said it has found irregularities in the campaign accounts of President-elect Jair Bolsonaro and gave him three days to explain. In a document published late Monday, the TSE electoral court described possible campaign donations from illegal sources, donations from unidentified donors and lack of information on how campaign funds were spent, among other issues.
Several Latin American presidents and political activists are scheduled to hold the First Forum of Critical Thinking next week in Buenos Aires, just a few days before the G20 summit which this year in being hosted by Argentina and will convene the world's leaders.
Right-wing President-elect Jair Bolsonaro vowed in a tweet on Thursday to investigate Brazil’s state-run national development bank, BNDES, for corruption by opening its “black box” of secret transactions. BNDES is the largest development lender in the Americas with a loan book larger than the World Bank’s.
Jair Bolsonaro, a nostalgic of the Brazilian military dictatorship, has been chosen as the new president of the largest economy in Latin America after one of the most divided and tense campaigns in the history of the country obtaining 55% of the votes after the scrutiny of more than 99% of the polls.