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News
Brazil must overcome prejudice to unlock potential, Abranches says
1+ day, 17+ hour ago (509+ words) Brazilian culture still bears the weight of a 19th-century mentality that continues to create social and economic obstacles to the country’s development, according to political scientist Sérgio Abranches. Racism, efforts to subordinate women, and authoritarianism have remained embedded in society…...
Electric buses expand in Brazil beyond São Paulo
1+ day, 19+ hour ago (303+ words) To lower that barrier, the city government adopted a partial subsidy model covering the difference between the price of an electric bus and that of its diesel equivalent. The city also structured an investment program of about R$6.5 billion, with…...
AI-powered electronic noses transform perfume and food sectors
1+ day, 18+ hour ago (690+ words) Each formula contains between 80 and 100 ingredients, and sometimes as many as 200. They are selected from the perfumer’s palette, which can include up to 3,000 items. The traditional method relies on the human nose to recognize and combine essences available as oils…...
CSN to seek bids for minority stake in logistics infrastructure unit
1+ day, 22+ hour ago (718+ words) Companhia Siderúrgica Nacional (CSN) is expanding its divestment program beyond its cement business. Executives said the group’s logistics infrastructure unit is expected to receive nonbinding bids later this month for a minority stake. The size of the stake remains under…...
Lula previews reelection pitch with jobs, attacks on betting
1+ day, 22+ hour ago (11+ words) Valor International...
Brazil Central Bank fines Genial R$21.6m over AML controls
2+ day, 29+ min ago (315+ words) The failure, according to the Central Bank, led to Genial’s involvement in a Federal Police operation in September 2022. Investigators were seeking information, customer records, and financial data related to bank clients suspected of involvement in irregular foreign-exchange and crypto-asset schemes....
Brazil must rebuild fiscal credibility, former central banker says
1+ day, 23+ hour ago (570+ words) Franco said it has always been difficult, dating back to the Real Plan launched in 1994, to discuss balanced budgets with political leaders. He compared resistance to fiscal restraint to talking to someone with a drug addiction about the pain of…...
Caiado plan would cap spending growth at share of GDP gains
2+ day, 47+ min ago (500+ words) The idea is to present, in the first days of a potential administration, a constitutional amendment proposal (PEC) establishing a stricter rule for the growth of primary spending for two or three years. “Primary spending will be adjusted for inflation,…...
Lula previews reelection pitch with jobs, attacks on betting | Politics
1+ day, 22+ hour ago (530+ words) Three days before Brazil’s presidential campaign officially begins, President Lula used the release of new employment data to preview a reelection message likely to feature prominently in the coming weeks: a stronger labor market under his government and renewed attacks…...
Supreme Court approves mining on Cinta Larga Indigenous lands
1+ day, 20+ hour ago (11+ words) Valor International...