Holidays Cost Brazil Businesses Billions in Revenues

Holidays Cost Brazil Businesses Billions in Revenues

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – While holidays during the workweek are applauded by many who look forward to a short workweek and a chance to travel or just relax at home, for Brazil’s economy the eleven national holidays in this year’s calendar will likely cause significant financial losses for the […]

Soldiers Against Dengue in Brazil, U.S. Issues Travel Warning

Soldiers Against Dengue in Brazil, U.S. Issues Travel Warning

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The alarming rate of dengue fever reports in Brazil has led the São Paulo city government to ask for the aid of the country’s Armed Forces to help locate dengue-carrying mosquito breeding grounds in Latin America’s largest city. The more than 224,000 reported cases across […]

Two Major Players in Lava Jato Scheme Sentenced in Brazil

Two Major Players in Lava Jato Scheme Sentenced in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Two main participants in Brazil’s largest corruption and bribery scandals in recent history have been sentenced to jail time by federal prosecutors. Former Petrobras Supply director, Paulo Roberto Costa, and black-market money dealer, Alberto Youssef, were convicted for their involvement with the overcharging of the […]

Petrobras of Brazil Announces Losses of US$17 Billion in 2014

Petrobras of Brazil Announces Losses of US$17 Billion in 2014

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The oil giant of Brazil, Petrobras, released on Wednesday night its net result for 2014, which was negative by over US$7 billion. Company officials also announced that corruption, bribes and devaluation of assets (impairment) cost the company over US$17 billion last year. According to Petrobras […]

Two Dead and 120 Wounded by Tornado in Southern Brazil

Two Dead and 120 Wounded by Tornado in Southern Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Residents of Xanxerê, located in the Southern Brazilian state of Santa Catarina are receiving help from Brazil’s army corps to remove debris left behind from Monday’s tornado. The unusual phenomenon ripped through houses, leaving two dead, 120 wounded and at least one thousand without homes. […]

Economic Outlook in Brazil Continues with Gloomy Estimates

Economic Outlook in Brazil Continues with Gloomy Estimates

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Estimates by financial analysts regarding annual inflation in Brazil for 2015 have once again increased, to 8.23 percent this week, according to the latest Focus Survey, released by the Central Bank. Last week, the index had decreased for the first time in fourteen weeks, raising […]

Rousseff to Sign Demarcation of Indigenous Lands in Brazil

Rousseff to Sign Demarcation of Indigenous Lands in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The President of Brazil, Dilma Rousseff, is scheduled to sign a decree on Monday, April 20th, demarking three areas of land in the Northern region of Brazil as indigenous lands, two in the state of Amazonas and in one in the state of Para. Together […]

Eight Men Killed in São Paulo Football Fan Club Execution

Eight Men Killed in São Paulo Football Fan Club Execution

By Jay Forte, Contributing Reporter SÃO PAULO, BRAZIL – In another deadly football (soccer) related incident, eight men we shot and killed on Saturday night before a state championship qualifying match in Pavilhão 9 of the Corinthians football club, in the West Zone of São Paulo. While the investigators do not believe the motive was […]

Workers’ Unions Protests Against Outsourcing Bill in Brazil

Workers’ Unions Protests Against Outsourcing Bill in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Workers’ unions in at least 22 states took the streets on Wednesday to protest the bill that will regulate outsourcing contracts in private companies in Brazil, expanding the types of jobs which can be outsourced by businesses. Today outsourcing is only allowed for positions such […]

Ruling Party Treasurer Arrested in Corruption Scandal in Brazil

Ruling Party Treasurer Arrested in Corruption Scandal in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The treasurer of Brazil’s ruling party, the PT (Workers Party) was arrested on Wednesday morning by the Federal Police. João Vaccari Neto was arrested at his home in São Paulo as part of the on-going mega-corruption scandal Operação Lava Jato (Carwash Operation). Vaccari Neto is […]

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