Petrobras Bets on Africa as Its Amazon Oil Gamble Runs the Clock
Petrobras Africa is now its top exploration priority outside Brazil, with a new Sao Tome block and $7.1 billion set...
July 7, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Trump’s New Brazil Tariff Nears a July 15 Deadline as Both Sides Dig In
The US Brazil tariff faces a July 15, 2026 deadline, with a proposed rate up to 25% on 4,100-plus products...
July 7, 2026
Uruguay Lands the World Bank Arm’s First-Ever Green Hydrogen Bet
The IFC picked Uruguay for its first-ever Uruguay green hydrogen investment: a $20M loan for a pilot running six fuel-cell...
July 7, 2026
How Brazil, Guyana and Argentina Now Drive Global Oil Growth
Brazil, Guyana and Argentina will supply about half of the world's 2026 crude output growth. Here is why this South...
July 7, 2026
Richemont Sells Baume & Mercier to Italy After 38 Years
Richemont completed the sale of Baume & Mercier to Italy's Damiani Group on July 1, ending 38 years and sharpening...
July 7, 2026
Nigeria Awards $1.2bn Highway Job to Chagoury’s Hitech
Nigeria approved a N1.7 trillion ($1.24bn) Sokoto-Badagry highway section for Gilbert Chagoury's Hitech, reviving debate over no-bid mega-contracts.
July 7, 2026
Benin’s Inland Port Ships Its First Cotton After a Decade
The Parakou dry port in northern Benin loaded its first cotton on June 23, a decade-delayed Petrolin project that plugs...
July 7, 2026
Brazil Settles a 30-Year Land Fight Over 33,000 Hectares
Brazil land reform regularized 33,000 hectares in Paraná for about 2,000 families, ending one of the country's longest-running land disputes.
July 6, 2026
DR Congo Plans a $1.5 Billion Fiber Line Along Its River
Congo fiber optic plans advance: DR Congo signed an MoU with China's Genew for a $1.5 billion, 2,100 km cable...
July 6, 2026