retail sales of Brazil They pummeled market estimates in March, growing above the highest forecasts in a Reuters poll of economists, data from government statistics agency IBGE showed on Wednesday. Retail sales rose 0.8% in the month compared to February, well beating the consensus for a 0.8% drop in a Reuters poll of 13 economists, […]
Tag: Luiz Inacio Lula da Silva
Petrobras studies investments in energy transition abroad, says executive
Petrobras It will seek to diversify its portfolio to reduce its exposure to the oil sector, and is studying investments in energy transition projects also abroad, the executive director of Energy Transition and Sustainability, Maurício Tolmasquim, said on Wednesday. The oil company has already started talks with companies abroad but still “There is nothing concreteTolmasquim […]
Lula invites South American leaders to a meeting in Brasilia on May 30
Brazilian President Luiz Inácio Lula da Silva invited the other South American heads of state to a meeting to be held in Brasilia on May 30 to promote regional integration, official sources reported Thursday. The objective of the meeting is to promote dialogue between all the countries of the region, with a view to reactivating […]
Brazil seduces skeptical foreign investors with a new tax plan
Business and political leaders from Brazil are on tour, lobbying for investment in the Latin American oil producer, while trying to assuage concerns about the leftist president’s costly spending list Luiz Inacio Lula da Silva. The rebound in commodity prices and the independence of its central bank made Brazil a favorite emerging market for investors […]
Lula condemns the invasion of Russia in a joint statement with Portugal
The final declaration of the XIII Portuguese-Brazilian summit held today in Lisbon includes a joint condemnation of the Russian invasion of Ukraine and stresses the need to promote a “just and lasting peace”. The text maintains that both heads of government, the Brazilian Luiz Inácio Lula da Silva, and the Portuguese António Costa, “deplore the […]
US says Lula “parrots” Russian propaganda about war in Ukraine
The Government of the United States affirmed this Monday that the Brazilian president, Luiz Inacio Lula da Silvahas been “repeating like a parrot“Russian and Chinese propaganda about the war in Ukraine and has not even stopped to study”the facts”. “The way in which Brazil has addressed this issue both substantively and rhetorically by suggesting that […]
In the fight against tax evasion in purchases from Chinese stores, Brazil tests a solution
The Brazilian government is preparing measures to prevent tax evasion of products purchased abroad through electronic commerce platforms, a measure that mainly targets Chinese and Southeast Asian stores, as confirmed by the Treasury. The economic team of President Luiz Inácio Lula da Silva wants to put an end to a rule that exempted from taxes […]
Lula indefinitely postpones his trip to China due to pneumonia
The president of Brazil, Luiz Inacio Lula da Silvadecided to postpone his planned trip on Sunday to Chinato recover from mild pneumonia, the government reported this Saturday. Lula, 77 years old, “He decided to postpone his trip to China. The postponement was communicated to the Chinese authorities”, reported the Secretary of Social Communication in a […]
Brazil: Lula will continue to “stir up” the central bank until he lowers rates
On the eve of the monetary policy decision, Brazilian President Luiz Inácio Lula da Silva intensified criticism of the country’s central bank, calling it “irresponsible” for keeping borrowing costs to a maximum of six years. The decision is projected to cause no change in the benchmark Selic index. Lula da Silva said this Tuesday that […]
Unemployment in Brazil grows to 8.4% between November and January
Unemployment registered a rebound in Brazil to 8.4% between last November and January, after noting ten consecutive quarterly falls, according to data released this Friday by the Brazilian institute of statistics, IBGE. The unemployment figure between November and January was higher than the 7.9% rate registered between October and December of last year, according to […]