Business

Nubank Sees Profit Surge Amid Rising Delinquencies and Expansion

Nubank reported a net profit of $378.8 million in the first quarter of 2024, marking a 167% increase from the same period last year. Despite...

Flood Crisis in Rio Grande do Sul Threatens Brazil’s Economic Stability

Brazil

In Rio Grande do Sul, a state pivotal to Brazil’s economy, catastrophic floods are unraveling years of progress. This region, responsible for 6.5% of the nation’s GDP, faced unexpected heavy rains. These rains have derailed...

Brazil’s Robust Sugar Harvest Stabilizes Global Supply

Agri Business

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...

Eletrobras Reports Strong 9% Revenue Growth Amid Economic Shifts

Business

Eletrobras (ELET6), a leading Brazilian energy company, reported a regulatory net revenue of R$9.7...

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

Brazil

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

In Brazil, the hybrid car market is gaining momentum as electric vehicle (EV) sales slow down in multiple markets due to dwindling government incentives...