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Tag: Corruption Scandal

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With a little more than a month to go before the 2016 Summer Olympics in Rio de Janeiro, Brazil’s Tourism Minister resigned on Thursday, after being linked to the mega-corruption...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Petrobras, Brazil's state-led oil giant, announced that it has approved a plan to sell assets worth US$13.7 billion in 2015 and 2016 in order to cut costs and reduce its...
By Lisa Flueckiger, Contributing Reporter RIO DE JANEIRO, BRAZIL – International rating agency Moody’s has downgraded the rating of Brazil’s oil giant Petrobras to Ba2, two grades below investment grade status, on Tuesday February 24th. This is the second downgrading...
By Felipe Araujo, Contributing Reporter RIO DE JANEIRO, BRAZIL - UPP (Police Pacifying Unit) officers working inside Rio's favela communities will from now on have their work closely monitored by a special police force. The measure comes as a...
By Sarah de Sainte Croix, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – In report published yesterday by the Folha do São Paulo newspaper, Ricardo Teixeira, president of the Brazilian Football Confederation (CBF), has been linked to a company under...

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