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Brazil

Brazil’s Lula Criticizes Financial Market Forces in Defiant Speech

In a compelling press briefing this Tuesday, President Luiz Inácio Lula da Silva openly challenged the financial pressures dominated by the U.S. dollar. The event...

Usiminas Faces Economic Challenges in Steel Market

Usiminas, a major player on Brazil's Ibovespa stock index, saw a sharp 10% drop in its shares after releasing first-quarter results for 2024. Located in Belo Horizonte, Brazil, the group is a pivotal steel producer...

Sâo Paulo Governor Tarcísio de Freitas Warns of Brazil’s Looming Fiscal Crisis

Governor Tarcísio de Freitas of São Paulo recently shed light on a pressing concern at the Esfera Brasil event: Brazil's escalating fiscal risk, which...

Vice President’s Call for Strategic Changes in Brazil’s Natural Gas Production

Vice President Geraldo Alckmin yesterday called for strategic changes in Brazil’s natural gas production...

Brazil’s Central Bank Chief Signals Possible Shift Amid Inflation...

At a finance event in São Paulo, Roberto Campos Neto, President of Brazil's Central Bank, discussed the complexities of...

Brazil’s Aviation Overhaul: Azul and GOL’s Merger to Command Skies

Brazil's aviation sector is poised for a major transformation with the proposed merger between Azul and GOL Airlines. This strategic move could lead to a...

Free Speech Rally: Bolsonaro and Musk Challenge Censorship in Rio

In Rio de Janeiro, former President Jair Bolsonaro led a major rally, seeking support amidst legal challenges. After losing the...

Brazil’s Fiscal Challenge: Balancing Budget and Mandatory Spending by 2028

Brazil's fiscal stability is at risk as mandatory spending on social security, health, and education is set to exceed...

Brazil Expands Oil Reserves to Highest Level Since 2015

In 2023, Brazil recorded its highest oil reserves since 2015, achieving 15.9 billion barrels....

Justice Moraes Defends Brazilian Sovereignty Against Tech Giant

On April 19, Justice Alexandre de Moraes of Brazil's Supreme Federal Court addressed pressing issues...

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...