Director said company has reduced greenhouse gas emissions by 40% 09/19/2024 Maurício Tolmasquim, executive director of energy transition and sustainability at Petrobras, said on Thursday (19) that the state-owned company has set aside $11.5 billion to investments in renewable energies. In a presentation at the Brazil-US Climate Impact Summit 2024, organized by Valor and AmCham at […]
FGV Ibre’s regional report shows region’s economy is outpacing national average growth, but industrial sector lags behind 09/18/2024 The Northeast region of Brazil is experiencing sustained economic growth, surpassing the national average in 2024, but its industrial sector still lacks dynamism and lags behind the country’s average performance. This assessment comes from Flávio Ataliba, coordinator […]
Arthur Lira advocates agreement with government to define leadership of new body 09/18/2024 Brazil’s Lower House Speaker Arthur Lira has indicated to his allies that the creation of the Climate Authority, announced by the government last week, will only move forward if its leader is chosen through a consensus between the Executive and Legislative branches. […]
Analysts say the best performance since 2016 is still insufficient; fiscal constraints limit government spending in areas like infrastructure 09/18/2024 Federal government investments reached their highest level for the first seven months of 2024 since 2016. However, economists consulted by Valor warn that these investments are still insufficient to significantly boost economic growth or ensure […]
The economic team is weighing reduced payments for workers with larger severance packages and higher contributions from sectors with higher turnover 09/16/2024 Alexandre Manoel — Foto: Rogerio Vieira/Valor With a strong job market and low unemployment, the government’s economic team is exploring ways to address what some experts view as double protection for workers dismissed […]
José Luis Datena assaulted Pablo Marçal with a metal chair, who was rushed to hospital 09/16/2024 José Luiz Datena hit his Pablo Marçal with a metal chair amidst a fierce argument broadcast by TV Cultura — Foto: Reprodução TV Physical violence marked a political debate live on television among two runners for mayor of Brazil’s […]
Justice argues that the fiscal costs of wildfires outweigh the expenses needed to combat them 09/16/2024 Flávio Dino — Foto: Rosinei Coutinho/SCO/STF Supreme Court Justice Flávio Dino authorized the federal government to issue extraordinary credits beyond the fiscal target until the end of the year, exclusively to combat wildfires affecting Brazil. “We cannot deny the […]
International debt holders are divided amid negotiations for additional funds 09/13/2024 Airline has begun discussions with lessors and bondholders to find solution to its current financial situation — Foto: Leo Pinheiro/Valor Groups holding Azul’s international debt bonds are at odds amid negotiations for the airline to raise additional capital, sources informed Valor. The airline, undergoing […]
The country’s primary and most diversified industrial hub accounts for approximately 33% of the national industrial output 09/13/2024 Over 12 months through July, Brazil’s overall industrial production rose by 2.2% — Foto: Rogerio Vieira/Valor Following a cumulative increase of 4.1% over three consecutive months, São Paulo’s industrial production fell by 1.8% in July compared to […]
The impact of two months of rain in Rio Grande do Sul was comparable to the more than R$7bn in losses seen over two years of the pandemic 08/13/2024 Pasture burned by fire in the Campinas region, São Paulo: Insurers’ risk assessment models, based on historical series, are becoming less effective in the face of […]