More Than 28,000 Companies Have Closed During Javier Milei’s Argentina Tenure
28,262 employing firms deregistered under Javier Milei, with SMEs making up 99.63% of closures. 341,396 formal jobs vanished as bankruptcies...
July 15, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Top Brazilian Lawyer Nelson Wilians Targeted in $686 Million Tax Fraud Operation
Federal Police raid Nelson Wilians in a R$3.8 billion ($686M) tax fraud probe involving 752 companies and fake ICMS credits...
July 15, 2026
Making Buses and Trains Free Across Brazil Would Cost $17 Billion a Year, Studies Show
Ending fares on all Brazil's buses and trains would cost $17–20 billion a year. A proposed R$250 monthly employer levy...
July 15, 2026
Brazilians Say Lula Should Not Seek Re-election Despite His Poll Lead
A solid 51% of Brazilians say Lula should not seek re-election, revealing a tough personal hurdle despite his lead in...
July 15, 2026
Brazil Household Debt Ties Up 81.6% of Families, Defaults Stay Near Record High
Brazilian household debt reached a record 81.6% of families in June 2026, with 29.9% defaulting. Credit cards trap 85% as...
July 15, 2026
Carrefour Constructs São Paulo’s Tallest Tower in Retail-to-Real-Estate Pivot
Carrefour’s tallest mixed-use tower hits 219m, overtaking Platina 220 as São Paulo’s record height. The R$3B project monetizes land for...
July 15, 2026
World Trade Center Complexes Expand Along Brazil’s Beachfront
A R$1.5 billion, 10-tower WTC complex in Sinop signals surging high-end real estate demand in Brazil. New multi-use projects integrate...
July 15, 2026
BlackRock Lifts B3 Holding Past 10% Even as It Cools on Broad Emerging Markets
BlackRock increased its investment in Brazil exchange operator B3 to over 10% in late February 2026, a vote of confidence...
July 15, 2026
Embraer Builds a Jet That Lands Itself If the Pilot Passes Out
Embraer's new Phenom 300EV can land itself at the push of a button. It is the largest business jet with...
July 15, 2026