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Brazil

Brazilian Steel Struggles Amid Import Surge

The Brazilian steel industry has witnessed notable shifts in early 2024, with crude steel production increasing by 6.2% in the first quarter, reaching 8.3...

Brazil Revises Fiscal Goals, Eyes Surplus by 2028

On Monday, President Luiz Inácio Lula da Silva's government submitted the 2025 Budgetary Guidelines Law Project (PLDO) to Congress, revising Brazil's fiscal forecasts. Initially promising a fiscal surplus, the administration has now adjusted these projections...

Brazil Launches Blue Economy Program for Coral Reef Protection

In Rio de Janeiro, Brazil has launched a significant coral reef conservation program, allocating up to R$60 million (about $12 million) to preserve its...

Media Giants Confront Supreme Court Over Free Speech Issues in Brazil

Leading Brazilian newspapers united this weekend to challenge the Supreme Court's controversial free speech...

Brazil’s Aluminum Industry Achieves Self-Sufficiency Amid Global Shifts

In 2023, Brazil successfully regained self-sufficiency in aluminum production, recording a significant 24% increase to reach 1.006 million tonnes. This...

Brazil’s Auto Industry Embarks on a Green Revolution With Investment Surge

Brazil's automotive industry is undergoing a substantial transformation with anticipated investments hitting R$125 billion ($25 billion). Anfavea President Márcio de Lima Leite has highlighted a...

Brazil’s Ambitious Strategy to Repatriate Scientists and Boost National Innovation

Brazil is actively addressing its low position in the World Talent Retaining Ranking with an initiative designed to reverse...

Brazilian Opposition Governors Challenge Lula’s Dominance

In early April 2024, a Genial/Quaest poll revealed a growing preference for opposition governors over President Luiz Inácio Lula...

Brazilian Service Sector Shows Resilience Despite February Dip

In February 2024, Brazil's service sector faced a slight downturn, recording a 0.9% decline...

Brazil Feels the Squeeze as U.S. Maintains High Rates

(Analysis) As the United States continues to sustain high interest rates, the Brazilian economy faces...

Petrobras CEO Prates Said to Secure Position Amidst Government Deliberations

Jean Paul Prates is reportedly set to continue as the CEO of Petrobras, Brazil's leading oil company. This is despite...