The Brazilian government, highly criticized for its environmental policy, announced this Monday during COP26 that it is committing to more ambitious goals to reduce greenhouse gases and eliminate illegal deforestation. “We present a new, more ambitious climate goal, going from 43% to 50% [la reducción de gases efecto invernadero] until 2030 and carbon neutrality until […]
Tag: Brazil
The world exceeds 5 million deaths from COVID-19, according to Johns Hopkins
Updated on 11/01/2021 08:08 am The global death toll from COVID-19 surpassed 5 million on Monday, with the United States, Brazil and India the hardest hit countries, according to the independent count from Johns Hopkins University. In total, more than 246 million infections have been registered since the pandemic began in early 2020. The United […]
These are the nine crimes for which Brazilian President Jair Bolsonaro is accused
The president of Brazil, Jair Bolsonaro, is going through a difficult week after the Senate investigative commission asked that he be charged with an alleged “mismanagement” during the COVID-19 pandemic. Thus, in the final report they presented, the controversial Bolsonaro was questioned with nine crimes that he would have committed. This was approved last Tuesday, […]
Eletrobras sale would be delayed until after elections
The sale of Eletrobras, Brazil’s power company, is unlikely in 2022, as concerns about a revenue shortfall and elections would derail the government’s schedule, said a person familiar with the talks. The Federal Court of Accounts, the one in charge of giving the green light to the operation, considers that the Government has underestimated by […]
What is and how has the G20 been transformed
Since its inception in the late 1990s, the Group of 20 It has transformed from an international body to address financial crises into a forum to address urgent global issues such as access to vaccines and climate change. Is the structure of the G20 adequate to respond to the changing needs of our time? That […]
Brazilian government says it cannot give up mining and highways in the Amazon
The government of Brazil is committed by law to the preservation of 80% of its AmazonBut it cannot give up road construction and mining in the world’s largest rainforest, said Brazilian Vice President Hamilton Mourao. “We cannot abandon the possibility of exploiting the great mining wealth of the Amazon. It is obvious that this exploitation […]
Wall Street is betting that Brazil will accelerate its pace of adjustment
Updated on 10/25/2021 04:20 am The main firms of Wall Street warned that the worsening fiscal outlook for Brazil is pressuring central bankers to accelerate their pace of adjustment and raise the interest rates more than expected next week. JPMorgan Chase & Co., Goldman Sachs Group Inc, Credit Suisse Group AG and Morgan Stanley raised […]
Bolsonaro assures that he will not freeze “the price of anything” amid doubts
The president of Brazil, Jair Bolsonaro, he insisted this Sunday that “the price of nothing” will not intervene, amid growing inflation and the doubts of the markets about the government’s economic policy after altering the rules of fiscal responsibility. “We are not going to interfere in the price of anything. That was done in the […]
Eletrobras receives proposals from banks for sale for US $ 18,000 million
Updated on 10/23/2021 02:53 am Eletrobras, the power company to be privatized, received proposals from 14 banks to coordinate what could be one of the largest share sales by a Brazilian company. The company hired the local boutique investment bank Laplace Finance to help it recruit four global coordinators and a leading bank for the […]
Panic in the markets due to the fiscal juggling of the Bolsonaro government
Financial markets brazilians closed a week of panic over the juggling of the Government of Jair Bolsonaro to break the spending ceiling, which has led to a rout of senior officials in the Ministry of Economy. The Sao Paulo stock market, which on Thursday already lost 2.75%, closed with a weekly fall of 7.3% and […]