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Brazil

Brazil’s Industrial Surge in April Signals Robust Economic Upturn

In a surprising turn, Brazil's industrial sector grew substantially in April 2024, with the PMI reaching 51.2. This is the second consecutive month it has...

Cutting Costs, Boosting Business: São Paulo’s Economic Reform

Governor Tarcísio de Freitas is launching a transformative plan to save São Paulo up to R$20 billion ($3.88 billion) annually. This ambitious initiative aims to slash public spending, boost investments, and enhance the business environment. Central...

Controversy Surrounds Brazil’s New Tech Regulations

Brazil is actively pursuing regulations to hold major tech companies accountable for their platforms' content. This effort is led by Alexandre de Moraes, President of...

Brazil Worsens Fiscal Deficit Estimate for 2024

In 2024, Brazil is strategically navigating through fiscal challenges, projecting a deficit of R$...

Rising Tide of High Profile Judicial Recovery Sweeps Across...

In Brazil's dynamic economy, heavyweight companies like Polishop, Coteminas, and Dia are seeking judicial recovery to avoid bankruptcy. This trend...

Supreme Court Clears Odebrecht, Reshapes Brazil’s Legal Scene

In a groundbreaking move, Brazil's Supreme Court Justice Dias Toffoli has annulled all proceedings against Marcelo Odebrecht in the Operation Lava Jato case. Everything you've...

Brazilian Meat Giants’ Merger Faces Regulatory Roadblock in Uruguay

Uruguay's antitrust authority has halted part of a massive $1.5 billion deal between Brazilian giants Marfrig Global Foods and...

Conservative Leaders Top the List as South America’s Favorite Presidents

In May, Ecuadorian President Daniel Noboa topped the list as the most popular leader in South America. A survey by...

XP Reaches Record Financial Milestone in Q1

XP Inc. (XPBR31) has achieved a significant financial milestone, posting a first-quarter net profit...

Cosmic Cooperation: Brazil and China’s Joint Leap into Space

The Brazilian Space Agency (AEB) and China's National Space Administration (CNSA) recently held their 7th...

Brazil Exceeds Expectations with Record Tax Collection in April

In April 2024, Brazil's government collected a record R$228.87 billion ($44.89 billion), the highest April revenue since 1995. Announced on...