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Brazil

Brazil’s Response to Alleged Misinformation on Floods Raises Free Speech Concerns

(Analysis) Following President Lula's directive, Justice Minister Ricardo Lewandowski investigates accusations of misinformation about Rio Grande do Sul flood relief. This effort aims to counter...

Brazil Mobilizes Military in Major Flood Crisis

Brazil has responded to devastating floods by deploying over 20,000 military personnel in Rio Grande do Sul. This response, known as "Operation Taquari 2," tackles the region's severe flooding, the worst in its history. Defense Minister...

Brazil’s Robust Sugar Harvest Stabilizes Global Supply

For the second year running, Brazil's sugar production has increased, promising to stabilize lower prices and alleviate shortages faced by global markets. The country, renowned...

Robust Q1 Earnings for Major Brazilian Banks in 2024

In early 2024, Brazil's top four retail banks earned a remarkable R$26.3 billion ($5.16...

Brazil’s Inflation Rises to 0.38% in April

Brazil's inflation rose to 0.38% in April, exceeding March's 0.16% but falling below April of last year's 0.61%. The Brazilian...

Brazilian Government and BID Launch Flood Recovery Measures in Rio Grande do Sul

On Thursday, Brazil's government announced an economic recovery package to assist Rio Grande do Sul following severe flooding. President Luiz Inácio Lula da Silva led...

Political Rifts and Rate Decisions: Brazil’s Central Bank at a Crossroads

(Analysis) Late one Wednesday evening, the Central Bank of Brazil subtly lowered the Selic rate from 10.75% to 10.50%. This...

The Rise of Congressional Authority in Brazil

(Analysis) In Brazil, 2013 marked a pivotal year as legislative reforms transformed the power dynamic between the Executive and...

Banco do Brasil Outperforms Expectations in a Volatile Financial Quarter

In the dynamic world of 2024, Banco do Brasil (BBAS3) shows resilience and strategic...

Brazil’s Central Bank Cuts Selic Rate by 0.25% to 10.5%, Sparking Political Backlash

The Central Bank of Brazil cut the Selic rate to 10.5% on May 8, 2024,...

Brazil’s Trade Surplus Climbs to $9 Billion in April 2024

In April 2024, Brazil's trade balance surged to an impressive surplus of $9.041 billion, rising 13.7% over the $8...