Record Number of Companies in Brazil Seek Bankruptcy Protection

Record Number of Companies in Brazil Seek Bankruptcy Protection

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The number of companies in Brazil seeking judicial recovery in 2015 was the largest in the past ten years, according to data released by Serasa Experian, a credit and business research company. In all 1,287 companies that sought bankruptcy protection through a judicial recovery plan, […]

Zika Virus Linked to Microcephaly in Two Brazilian Newborns

Zika Virus Linked to Microcephaly in Two Brazilian Newborns

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – New evidence announced on Wednesday in the United States strengthens the theory put forth by the Brazilian government that the surge of microcephaly cases in the Northeastern part of the country may be caused by the Zika virus. The U.S.’s Center for Disease Control (CDC) […]

Brazil Unlikely to Meet Primary Surplus Target in 2016

Brazil Unlikely to Meet Primary Surplus Target in 2016

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government is expected to announce this week a significant cut in the 2016 budget to try to balance public accounts. According to economists however, the reduction is not likely be sufficient for the government to meet its target of a primary surplus of […]

Fines for Disorderly Conduct Increase in Rio for 2016 Carnival

Fines for Disorderly Conduct Increase in Rio for 2016 Carnival

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – With thousands of partygoers on the streets during the five days of Carnival, some of the main concerns for city of officials in Rio de Janeiro have been dirty streets filled with trash and waste. To curb people causing public disorder the city instituted […]

São Paulo Carnival Attendance and Revenues Increase in 2016

São Paulo Carnival Attendance and Revenues Increase in 2016

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Not nearly as famous as the Carnival parades in Rio de Janeiro, or the blocos (street parties) in Salvador or Recife, in the Northeastern part of the country, the number of people attending Carnival festivities in São Paulo has surged in the past few years. […]

Zika Testing Not Yet Covered by Health Plans in Brazil

Zika Testing Not Yet Covered by Health Plans in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although Brazilian health plan operators are required to cover costs of tests for the detection of dengue and chikungunya fever, the National Complementary Health Agency (ANS) has not made it mandatory for health plans to cover the test to detect the Zika virus. According to […]

Brazilian Banks Struggle to Keep Afloat in Troubled Economy

Brazilian Banks Struggle to Keep Afloat in Troubled Economy

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although large financial institutions in Brazil, such as Itau, Unibanco and Bradesco registered billion dollar profits last year, the small and medium sized banks in the country are struggling to stay afloat. These struggling institutions are now being carefully watched and have become attractive as […]

Former Executives in Brazil Talk in Exchange for House Arrest

Former Executives in Brazil Talk in Exchange for House Arrest

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Two executives from one of Brazil’s largest construction conglomerates, Andrade Gutierrez, have agreed to turn state’s evidence in exchange for house arrest. According to Brazil’s Ministerio Público Federal (Federal Public Ministry) former company president, Otávio Marques de Azevedo and former director Elton Negrão will be […]

Samba Schools in Brazil Shine Despite Economic Woes

Samba Schools in Brazil Shine Despite Economic Woes

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – With the wailing economy and the devaluation of the Brazilian real in relation to the U.S. dollar, Rio de Janeiro samba schools had to scramble and use their creativity to work the same magic with less money. Companies and government funds for this year’s […]

Not Even Zika Virus Deters Pregnant Women From Carnival

Not Even Zika Virus Deters Pregnant Women From Carnival

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Going against health officials recommendations a group of pregnant women came out to participate in this year’s Carnival street parades in Rio de Janeiro, Brazil. The women were participants of a family-oriented Carnival bloco (street parades) called Cordão Umbilical (Umbilical Cord) which paraded through […]

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