President Luiz Inacio Lula da Silva He spoke this Thursday with his French counterpart, Emmanuel Macronupon “challenges” with the environment and hunger and “risks” of the extreme right for democracy, reported the government of Brazil. “Both agreed on the risks that hang over democracy due to the violent actions of extreme right-wing groups” and the […]
Tag: Luiz Inacio Lula da Silva
Lula considers it “urgent” for Mercosur to close an agreement with the EU before negotiating with China
brazilian president Luiz Inacio Lula da Silva I consider “urgent and extremely necessary” that he mercosur close an agreement with the European Unionbefore negotiating a treaty with Chinaduring a visit to Uruguaya country that is advancing trade negotiations with Beijing on its own. “It is urgent and extremely necessary for Mercosur to reach an agreement […]
Brazil and Mexico register faster than expected inflation
Official data released on Tuesday showed Brazil prices rose 0.55% in mid-January from a month earlier, above analysts’ median estimate of 0.51%. Mexico’s inflation stood at 0.46% during the same period, above the forecast of 0.39%, while core inflation also rose beyond projections. Officials in the major Latin American economies are keeping their guard up […]
Why the plan for a South American currency does not make sense
“It is not far from the fact that El Salvador has adopted bitcoin”, said Kenneth Rogoffwho became chief economist at the IMF just in time to witness the macro devaluation of the Argentine peso in 2001. Olivier Blanchard, who took office a few years later, simply called it a “wild”. The Brazilian Finance Minister, fernando […]
Brazil and Argentina aim for common unity, not a single currency
Haddad’s comments on Monday were intended to dispel controversy after the presidents of Brazil and Argentina published an opinion piece saying they were renewing discussions on a common currency for financial and commercial transactions. The idea was met with skepticism by leading economists, who cited a lack of policy coordination and wide inflation differentials between […]
Brazil seeks to promote Celac as a platform for Latin American integration
The VII Summit of Latin American and Caribbean States (CELAC) this Tuesday in Buenos Aires seeks to promote the integration of countries that are going through multiple political and economic crises, under the influence of the renewed drive of Brazil after the assumption of Luiz Inacio Lula da Silva. The meeting of this forum made […]
Lula, Petro and Boric, among those attending the Celac Summit that promises to be tense
The Brazilian Luiz Inácio Lula da Silva, the Colombian Gustavo Petro and the Chilean Gabriel Boric are some of the presidents who have assured their attendance at the Celac Summit next Tuesday in Buenos Aires, and, although there is still no official confirmation, controversial visits such as that of the Venezuelan Nicolás Maduro and the […]
A woman will preside over the largest public bank in Brazil for the first time
Brazilian President Luiz Inácio Lula da Silva appointed Tarciana Medeiros as president of Banco do Brasil, the country’s largest public financial institution, making her the first woman to lead the institution in its 214-year history. The appointment of medeirostrained in business administration and an employee of Banco do Brasil for 22 years, was formalized in […]
Activity in Brazil falls more than expected due to worsening crisis
The central bank’s economic activity index, a benchmark for gross domestic product, fell 0.55% from the previous month, which compares with the median estimate of analysts polled by Bloomberg for a 0.3% decline. Compared to the same month of the previous year, activity increased by 1.65%, according to data published on Friday. The October figure […]
Congressmen increase pressure to expel Bolsonaro from the US
In a letter dated Thursday, 46 Democratic congressmen urged Biden to oust Bolsonaro in light of the Jan. 8 attacks by his supporters on government buildings in Brasilia. They said the violence was “built on months of pre- and post-electoral fabrications by Mr. Bolsonaro and his allies” about the October elections that Luiz Inácio Lula […]