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Brazil

Petrobras Proposes 50% Dividend Payout Amid Board Tensions

On Friday, the Petrobras Board of Directors proposed releasing 50% of their extraordinary dividends, which amounted to R$43.9 billion ($8.74 billion). This decision is up...

Justice Moraes Defends Brazilian Sovereignty Against Tech Giant

On April 19, Justice Alexandre de Moraes of Brazil's Supreme Federal Court addressed pressing issues regarding foreign influences that he likened to mercantilist practices treating Brazil as a colony. Speaking as the president of the...

Carlos Slim’s $8 Billion Telecom Expansion in Brazil

Carlos Slim, the Mexican billionaire and founder of América Móvil, has committed $8 billion to reshape Brazil's telecom sector. This pledge occurred during a key...

Brazil’s 2023 Breakthrough in Extreme Poverty Reduction

In 2023, Brazil celebrated a landmark achievement, reducing extreme poverty to just 8.3% of...

Brazil’s Lingering Dollar Reliance Amid Fiscal Strategy Shift

Roberto Campos Neto, President of the Central Bank of Brazil, emphasized on Friday that Brazil's economy still significantly depends...

Brazil’s Average Income Rises Significantly in 2023

In 2023, Brazil's average monthly household income per capita saw a notable increase of 11.5%, rising to R$1,848 ($352). This update, provided by the Brazilian...

Brazil on the Brink: Bolsonaro’s Warning of Dictatorship

In a striking statement on Thursday, former Brazilian President Jair Bolsonaro voiced concerns about Brazil teetering on the brink...

Brazil Eyes Argentine Gas Amid Regional Collaboration

Brazil plans to deepen its energy ties with Argentina, aiming to import three million cubic meters of natural gas...

Petrobras Announces $73 Billion Boost for Oil Exploration and Naval Revival

Brazil's state-controlled company, Petrobras, the largest enterprise in the nation, has announced a $73...

Brazil and Colombia Push for Democratic Process in Venezuela

On Wednesday, April 17, 2024, Brazil and Colombia stood united in their support for a...

World Bank Commits $7 Billion Annually to Brazil

The World Bank Group (WBG) pledges to invest $7 billion annually in Brazil's development until the year 2028. This funding...