The Amazon Brazilian it lost 13,235 square kilometers of vegetation cover between August 2020 and July 2021, the largest degraded area for a 12-month period in the last 15 years, the government reported. Logging in the Brazilian part of the largest rainforest in the world in the last year was 21.97% higher than in 2020 […]
Tag: Brazil
Brazil could auction a train project for the Amazon in 2022
Updated on 11/16/2021 02:55 am Brazil could auction a controversial project for the construction of a grain transportation train that would cross a strip of the Amazon rainforest next year after legal obstacles are resolved, according to a senior government official. A large business group already has investment plans for the railway that would connect […]
Interest in the real due to higher rates may be short-lived
Brazil’s staggering monetary tightening cycle may finally be tempting Foreign investors to dip its feet into South America’s largest economy, although accelerating inflation and political risks mean this rebound could be short-lived. The real has strengthened more than 4% so far this month, even against the strength of the dollar, and has had the strongest […]
If Brazilian democracy falters, all of Latin America is in danger
by Hal Brands The farce of Sunday’s elections in Nicaragua, in which President Daniel Ortega ran with almost no opponents after vetoing or jailing most of them, may serve as the most egregious example of progressive authoritarianism in Latin America. However, Brazil, a much larger and more important country, is also heading for a political […]
The Economist: Emerging economies struggle to contain high inflation
In recent months, the world economy has come to resemble a poorly heated dinner in the microwave: generally hot, but some parts barely warm and some too hot. Global consumer prices are likely to rise 4.8% this year, according to the IMF, which would be the fastest rise since 2007. But price increases in emerging […]
How did Flavio Augusto da Silva become a millionaire selling English courses from a public telephone?
In the 1990s it was a privilege to have a telephone line and Flavio Augusto da Silva, despite the fact that he did not have one in his home in Rio de Janeiro, decided to accept a job to sell English courses by telephone. With only 19 years and little money, he decided that his […]
Inflation in Brazil shoots up in October and reaches its highest level in almost 20 years
Inflation of Brazil it accelerated at a rate of 1.25% between September and October, which is the highest level for the tenth month of the year since 2002, according to data released this Wednesday by the Brazilian Institute of Geography and Statistics (Ibge). According to a report by Europa Press, so far this year the […]
From the Amazon to the Pantanal, the climate crisis settles in Brazil
The climate crisis has set in in Brazil, where extreme weather events are increasingly frequent, from deep droughts in the Pantanal to major sandstorms in Sao Paulo, all fueled by the increasing destruction of the Amazon. The image hits. A group of capybaras and otters walk desperately towards a pool just stocked by a tanker […]
Bolsonaro’s fiscal rule plan raises cost of Brazilian bonds
The President’s Efforts Jair Bolsonaro to break the spending limit of Brazil The government’s borrowing costs are already increasing and next year could end up costing up to US $ 74.00 million reais (US $ 13.3 billion) in additional payments on local bonds. Higher benchmark rates, as the central bank raises the Selic in a […]
Brazil reduces import tariffs by 10% amid talks about cut in Mercosur
Updated on 11/05/2021 03:49 pm The Brazilian government announced a 10% reduction in import tariffs on 87% of goods and services, anticipating a move expected by the South American trading bloc Mercosur. The reduction will last until the end of 2022, according to a joint statement from the Ministry of Economy and the Ministry of […]