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Tag: Crisis

By Jay Forte, Contributing ReporterRIO DE JANEIRO, BRAZIL - In the midst of an economic crisis, Carnival carries on in Rio de Janeiro, now just one week away. Yet the Brazilian Hotel Industry Association (ABIH) reports that hotel...
By Chesney Hearst, Senior Contributing ReporterRIO DE JANEIRO, BRAZIL – During a deluxe edition of the audiovisual arts event, VideoAtaq, members of Az0ia Labs art collective and the musicians of Taksi will join special guests 1024 Architecture for a...
By Ben Tavener, Senior Contributing ReporterSÃO PAULO, BRAZIL – The Brazilian government has extended its policy of reduced IPI (tax on industrialized products) for vehicles for a fourth time, with a return to standard rates now scheduled for December...
By Ben Tavener, Senior Contributing ReporterSÃO PAULO, BRAZIL – Five of the world’s biggest emerging economies, which together make up the BRICS group – Brazil, Russia, India, China and South Africa - have met in Durban, South Africa, to...
By Ben Tavener, Senior Contributing ReporterRIO DE JANEIRO, BRAZIL – Brazilian export targets for 2012 are set to be missed for the first time since they were first introduced in 2003 due to a crash in the global price...
By Sarah de Sainte Croix, Senior Contributing ReporterRIO DE JANEIRO, BRAZIL – During her first official visit to Brazil last week, Christine Lagarde, Managing Director of the International Monetary Fund (IMF), praised Brazil’s economic policies, saying that the country...
By Sarah de Sainte Croix, Senior Contributing ReporterRIO DE JANEIRO, BRAZIL – President Dilma Rousseff has called the recent G20 Summit in France a “relative success.” At a press conference in Cannes, she said, “It hasn’t been a complete...
By Jaylan Boyle, Contributing ReporterRIO DE JANEIRO - The Brazilian Real finished the last quarter as the second best performer among the 16 most-traded currencies worldwide, just behind the South African Rand. The gain in value is the largest...
By Clara Cavour, Contributing ReporterRIO DE JANEIRO - Brazil has a new best friend. For the first time, China has surpassed United States as Brazil’s biggest trading partner, a role the Americans have played for the last 80 years....

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