Ex-Petrobras Director Got US$1.5 Million For Pasadena Deal

Ex-Petrobras Director Got US$1.5 Million For Pasadena Deal

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Former Petrobras director, Paulo Roberto Costa, told investigators that he received US$1.5 million from a lobbyist to aid in the purchase of the Pasadena refinery in the United States. The statement was made in September as part of his agreement with authorities for a reduced […]

Brazil has the 4th Costliest Big Mac in the World

Brazil has the 4th Costliest Big Mac in the World

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – According to a survey conducted by British weekly, The Economist, Brazil has the fourth most expensive Big Mac in the world. The latest Big Mac Index, released on January 22nd, shows that the ever-popular sandwich can be bought at McDonald’s restaurants all around the country […]

Brazil to Adopt Actions to Assure Energy Generation

Brazil to Adopt Actions to Assure Energy Generation

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The government of Brazil is discussing measures to reinforce the generation of energy in the country after a partial blackout in eleven states and the capital, Brasília, on Monday, January 19th. The causes of Monday’s blackout are still in dispute, the Ministry of Mines and […]

Brazil Increases Taxes on Fuels, Imports and Credit

Brazil Increases Taxes on Fuels, Imports and Credit

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government’s new economic team announced the first measures which they hope will reduce the country’s primary deficit and put the economy back into the path of sustainable growth. Finance Minister, Joaquim Levy, announced on Monday, the government will increase taxes on fuels, imports […]

Analysts Forecast Higher Inflation in Brazil for 2015

Analysts Forecast Higher Inflation in Brazil for 2015

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – For the third consecutive time financial analysts, surveyed for the Brazilian Central Bank’s Focus Bulletin, have increased their forecast for inflation in 2015, with the estimate going from 6.6 percent to 6.67 percent. The forecast continues to hover above the 6.5 percent maximum inflation target […]

Taxes Increase at Brazilian Infraero Airports

Taxes Increase at Brazilian Infraero Airports

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Agencia Nacional da Aviação Civil – ANAC (National Civil Aviation Agency) announced it is increasing airport taxes for both domestic and international flights by an average of 14.21 percent at government-administered airports. The tax increase will be implemented at the beginning of February. According […]

Mudslide Emergency Drills Begin in Rio’s Favela Communities

Mudslide Emergency Drills Begin in Rio’s Favela Communities

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With the onset of summer in Rio de Janeiro comes the risk of heavy rains, which often flood roads and entire neighborhoods. In the past, summer thunderstorms have also led to deadly mudslides in some of Rio’s poorer communities, which are often built on unstable […]

Brazil to Improve Ports to Transport Record Grain Harvest

Brazil to Improve Ports to Transport Record Grain Harvest

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s government announced measures to assist the transport of what is expected to be a record grain harvest in the country in the 2014-2015 season, including incentives for ports located in the Northern part of the country and improvements in roads so that production does […]

São Paulo Faces Floods on Streets, Shortage in Reservoir

São Paulo Faces Floods on Streets, Shortage in Reservoir

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Not even the recent torrential summer thunderstorms, which have flooded streets in São Paulo city and left thousands in the dark, are helping to increase water levels at the city’s main reservoirs. Since the beginning of 2014, the city has been facing the worst drought […]

Looting and ‘Lei Seca’ Mark Weekend at Rio’s Beaches

Looting and ‘Lei Seca’ Mark Weekend at Rio’s Beaches

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The second weekend of 2015 was not only marked by high temperatures and crowded beaches, but looting or the mass robberies known locally as “arrastões” (big drags) and the start of Operação Lei Seca – Praia (Operation Dry Law – Beach). While one group […]

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