The National Consumer Price Index (IPCA) in Brazil registered a deflation of 0.23 percent in June, according to the IBGE (Brazilian Statistics Bureau). This is the first negative result registered in eleven years and the lowest for the month since the beginning of the Real Plan economic plan, in 1994. Brazil,Retailers promoted sales due to lower purchasing power by consumers, driving food prices down in JuneRetailers promoted sales due to lower purchasing power by consumers, driving food prices down in June, photo by OS2Warp/Wikimedia Creative Commons.“The three most important groups for the domestic household budget have fallen, affecting the main…
A report released on Monday (July 17th) by the World Trade Organization (WTO) says that the Brazilian economy will have a gradual recovery in 2017, but growth will be weak for an extended period of time. The international trade entity is currently reviewing Brazil’s trade policies and practices. Brazil, Brazil news,The World Trade Organization is reviewing Brazil's trade practices and forecasting the country's economic future this week, “Despite Brazil’s mainly solid economic fundamentals, downside risks to the economic outlook remain,” says the report issued by the WTO adding, “The economy remains vulnerable to a re-intensification of political uncertainty, as well…
Brazil based volunteer organization Iko Proan is offering a volunteer sports program, to coach young boys at school for soccer. The projetct started in Brazil, Rio de Janeiro, and now will extend to foreign countries, like Tanzania, Uganda, Argentina. In Brazil, for some children from a favela a dream becam true, when they finally made part of the national team. It is the dream of social mobility, that boys born in a Rio favela once can compete on a world cup. On the football field, erverybody has equal chances to win. With the words of Afonso from London, a football…
Halliburton announced the opening of its new Technology Center at the Federal University of Rio de Janeiro (UFRJ) Technology Park, located at Ilha do Fundão, Rio de Janeiro, Brazil. The center provides the setting for collaboration as the Company works with the country’s leading universities and customer research groups to establish a global center of expertise for deepwater and mature fields.
Total’s plans to drill near Brazil’s newly discovered Amazon Reef have suffered a setback after the federal prosecutor of the state of Amapá has recommended the suspension of environmental licensing for their planned deepwater drilling project. But what are the economic and environmental elements in play in this multi-faceted drama as Total and its partners await the verdict?The discovery in 2007 of massive oil reserves in the offshore area now known as the Subsalt Polygon has provoked considerable excitement about the growth potential of Brazil’s offshore oil and gas market. A particular focus for enthusiasm is the country’s deepwater and…
Plans to reduce forest protections linked to attacks on inspectors and campaigners, environmental groups said after two land rights activists murdered.Environmental campaigners have blamed the Brazilian government and Congress for intensifying violence in the lawless Amazon after two land activists were murdered and a transporter carrying vehicles for Brazil’s environment agency was torched last week.Activists said plans to reduce forest protection gave farmers, loggers and land grabbers a sense of impunity to attack government inspectors and activists squatting rural properties.
A dock in Brazil where close to a million slaves landed from Africa has been declared a Unesco world heritage site. Valongo Wharf, in Rio de Janeiro, was the largest arrival point for slaves in Brazil, the main destination for the trade in the Americas. Nicknamed “slave wharf”, as many as 900,000 Africans were held at the harbour to recover from their journeys across the Atlantic before being sold on at markets. Many did not survive and were buried in nearby mass graves.
Brazil's government has sharply increased spending in local infrastructure projects proposed by lawmakers, according to budget data reviewed by Reuters on Tuesday, as a graft scandal threatens to topple President Michel Temer.Federal spending on infrastructure works and other projects this year sponsored by congressmen for their constituencies jumped to 5.2 billion reais ($1.57 billion) in June, up from 959 million reais the month before, the data showed.
The Brazil midfielder says he would be happy to take a pay cut at Camp Nou and wants his current club to be similarly allowing in negotiations Paulinho has called on Guangzhou Evergrande Taobao to be flexible as he chases a move to Barcelona, claiming he would accept a pay cut to push through a transfer.
The Airspace Operations Command in Brasilia has kicked off operations of the Geostationary Satellite for Defense and Strategic Communications (SGDC) on Wednesday (July 5). The Brazilian Air Force (FAB) will be in charge of operation and monitoring the satellite and will cooperate with the Army and Navy. The $843.55 million satellite, which was launched into space in May, will provide security for government and Armed Forces communications and, in the short term, help expand broadband services to remote areas of the country. It will also support airspace surveillance over the borders with Bolivia and Paraguay. Launched from Kourou Space Center…
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