A $1.5bn investment fuels launch of Hisep pilot project 22/02/2024 Carlos Travassos — Foto: Gabriel Reis/Valor Petrobras revealed on Tuesday that it has initiated trials for an innovative technology designed to separate oil from CO2-rich gas directly on the seabed. This technology, known as Hisep, is a creation of the Petrobras Research Center (Cenpes) and […]
The issue will be dealt with by a bill of constitutional urgency 22/02/2024 Senate President Rodrigo Pacheco — Foto: Roque de Sá/Agência Senado Government and congressional leaders have confirmed an agreement to maintain the payroll tax exemption for 17 labor-intensive sectors. Following a meeting on Wednesday (21), Senate President Rodrigo Pacheco and Finance Minister Fernando […]
The meeting addressed major global tensions; Russian Foreign minister faced criticism over the war in Ukraine and the death of a dissident in prison 22/02/2024 Brazil’s Foreign Minister Mauro Vieira speaks during the G20 foreign ministers meeting in Rio de Janeiro, Brazil, Wednesday, Feb. 21, 2024 — Foto: Silvia Izquierdo/AP The G20 foreign ministers’ meeting […]
Foreign ministers begin two-day ministerial meeting under Brazilian presidency of the group on Wednesday 02/21/2024 Maurício Lyrio — Foto: Fernando Frazão/Agência Brasil Despite acknowledging divergences among G20 countries regarding the format of reforms at the United Nations, the Brazilian presidency of the group believes there is consensus regarding the need for a stronger UN to […]
Both governments trade accusations on social media after Israeli Foreign minister called on Brazilian president to retract comparison to the Holocaust 02/21/2024 Rodrigo Pacheco — Foto: Marcos Oliveira/Agência Senado In another day of escalating tensions between Brazil and Israel, government ministers of President Lula and Prime Minister Binyamin Netanyahu exchanged sharp criticisms on social media […]
Measure wasn’t on wealth managers’ radar; government aims to safeguard income and prevent insurer imbalances 02/21/2024 Debora Mendeleh — Foto: Divulgação The restrictions on exclusive and restricted pension funds mark a continuation of government efforts to curtail tax avoidance practices among the ultra-wealthy. This initiative began with the biannual tax—known as the “come-cotas”—which targeted fixed-income, […]
Foreign ministers’ meeting marks start of ministerial conferences under Brazilian presidency 19/02/2024 The Brazilian presidency of the G20 begins this week with ministerial meetings, the most important moment before the heads of state’s summit scheduled for November. On Wednesday and Thursday, Rio de Janeiro’s Marina da Glória will host the foreign ministers of the world’s […]
Netanyahu calls president’s remarks “shameful and serious” and announces recall of Brazilian ambassador 02/19/2024 President Lula — Foto: Marcelo Camargo/Agência Brasil President Lula sparked a diplomatic crisis with Israel on Sunday by comparing Israel’s actions in Gaza to those of Adolf Hitler against the Jews and calling the attacks on Palestinians genocide. In response, Israeli […]
Change comes after tax credit that prevented a larger drop in 2023 earnings 02/16/2024 Heineken’s taxation department must be dealing with mixed feelings regarding Brazil’s taxation system. After having been granted a tax credit in the country last year, which helped the company reduce a drop in its global profits, Heineken is preparing for the […]
Falling interest rates, while helpful, are not yet enough to significantly improve companies’ financial situation, but outlook is expected to improve this year 02/16/2024 Ricardo Jacomassi — Foto: Gabriel Reis/Valor Even with the onset of the monetary easing cycle, the country has yet to witness a significant improvement in the situation of companies, which are […]