Fires surge by 915% following a series of incidents last week, leaving situation still worrisome 08/29/2024 The number of wildfires reported in São Paulo this month has increased by 915% compared to the same period last year. The only state with a worse outcome was Mato Grosso do Sul, where fire incidents rose by 1,825%. […]
Justice Alexandre de Moraes ordered Musk to appoint X’s new legal representative in the country within 24 hours 08/29/2024 Alexandre de Moraes — Foto: Rosinei Coutinho/SCO/STF Brazil’s Supreme Federal Court used its X account to announce a ruling by Justice Alexandre de Moraes against the social media platform. In the post, Mr. Moraes ordered Elon […]
Market has discussed need for rate hike in last weeks 08/28/2024 Igor Velecico — Foto: Silvia Costanti/Valor The mounting uncertainty regarding the direction of monetary policy has been significant in recent weeks. The perception of an economy resistant to slowing down has joined the U.S. dollar’s appreciation against the real this year, supporting a growing […]
Today’s agenda includes a Supreme Court review of excluding ISS from PIS and Cofins calculations 08/28/2024 Marcelo Montalvão — Foto: Divulgação Four disputes about excluding taxes from the base for calculating other taxes, to be settled by the Federal Supreme Court, could impact the Brazilian government’s finances by R$118.9 billion, according to estimates from Brazil’s […]
Concerns arise over optimistic revenue estimates and tightening discretionary spending amid fiscal constraints 08/26/2024 Antonio Anastasia — Foto: José Cruz/Agência Brasil As the Executive branch prepares to send the 2025 Annual Budget Act (PLOA) to Congress in about a week, Brazil’s public spending watchdog TCU has concluded that the government’s projection for next year’s primary […]
With Brasília covered in smoke, President Lula calls an emergency meeting; minister says there is an “unusual situation” 26/08/2024 Smoke from fires in the Amazon covered Brasília on Sunday — Foto: Eraldo Peres/AP On Sunday, Environment Minister Marina Silva compared the fires in São Paulo to the “Day of Fire” in 2019. In light of […]
Wilson Sons, CLI, Porto Sudeste, Santos Brasil among possible assets for sale 26/08/2024 Ports in Brazil, such as Santos, have a strong correlation with agribusiness and the oil and gas sector — Foto: Divulgação The Brazilian port sector is heading towards a new wave of mergers and acquisitions (M&A), as the interest of foreign investors […]
Announcement of X’s exit is reviving discussion on regulation in Brazil’s top court 08/21/2024 The announcement of platform X’s exit from Brazil is expected to bring the Internet Civil Framework back to debate in the Federal Supreme Court, Valor has learned. There was already an expectation among the court’s judges to address the matter this […]
Low prices drive growers to abandon rubber; in São Paulo, the leading producer, sugar cane encroaches on rubber lands 08/21/2024 Imports of cargo and passenger tires in Brazil surged by 117%, from 16.9 million to 36.8 million units between 2017 and 2023. This steep increase has sparked a crisis in the domestic tire industry, exerting […]
Ibama estimates Petrobras drilling permit decision by year-end 08/21/2024 Marina Silva — Foto: Brenno Carvalho/Agência O Globo Brazil’s environmental protection agency IBAMA anticipates a decision on the environmental permit for Petrobras to drill an oil well in the basin at the mouth of the Amazonas River in Amapá by the end of the year. The […]