Just over a month after Uber announced it will operate in the Brazilian food delivery market only until March 7, delivery company Rappi filed a new petition with the Administrative Council for Economic Defense (Cade), Brazil’s antitrust regulator, defending the termination of all exclusivity contracts held by iFood with restaurants and bars. In the document, […]
French company Veolia and Brazilian Braskem, the largest producer of thermoplastic resins in the Americas, will invest R$400 million in the generation of thermal power from a renewable source in the Northeastern state of Alagoas. By signing a 20-year contract, the petrochemical company has ensured the supply of steam produced with eucalyptus biomass for the […]
The Federal Court of Accounts (TCU), a public spending watchdog, approved Tuesday the first phase of the technical studies for the privatization of Eletrobras. The trial ended with six votes in favor of approval and only one against. The approved values will now be used to help define the share price that will be considered […]
Increasingly pressured by electricity costs, companies, large power consumers and even municipalities are betting on more efficient systems, more modern equipment and even their own power generation to remain competitive. Enel Brasil invested almost R$89 million in 2021 in several projects that are part of its power efficiency program with concrete results. Liasa, an intensive […]
The joint bidding of Santos Dumont and Galeão airports in the second half of next year is positive not only for Rio de Janeiro state, but for the civil aviation system in Brazil as well. There is enough time to design a model for the auction of both assets in 2023. This is the view […]
The transition to cleaner energy sources to reduce carbon emissions and limit the impacts of climate change puts more pressure on highly polluting coal-fired power plants. Despite the commitment made by 21 countries since the Paris Agreement in 2015 to gradually eliminate the use of this energy source by 2030, there are actions that go […]
There is a movement organized by the main Brazilian retailers that is likely to lead to a series of actions against online marketplaces that, in their view, sell counterfeit items and or without the proper collection of taxes. The focus is on foreign companies that bring products from Asia, through cross-border online commerce, or across […]
ArcelorMittal, the global steel giant commanded by the Indian businessman Lakshmi Mittal and his son Aditya Mittal (CEO of the company), has decided to bet high on the Brazilian market. In 12 months, the group, based in Luxembourg and headquartered in London, has approved investments of R$7.6 billion (almost $1.5 billion) in four projects to […]
Brazilian companies raised only $4.2 billion abroad in the first weeks of 2022 through the issuance of debt securities. Seven operations went to market. This is the worst begining to the start of the year since 2020, when $6.9 billion were raised in ten offers. Last year, there were 13 bond offerings on the international […]
The airports of Galeão and Santos Dumont, in Rio de Janeiro, will be auctioned to a single concessionaire in 2023, informed Thursday the Minister of Infrastructure, Tarcísio de Freitas. The announcement was made after the decision of RioGaleão, operator of Tom Jobim International Airport, to return the terminal concession to the federal government. The concessionaire […]