São Paulo – Brazil’s president Jair Bolsonaro signed on Monday, 29, a provisional measure to modernize the business environment in Brazil. It provides for simplifying starting a business, protecting minority investors and facilitating trade of goods and services. The government aims at increasing Brazil’s position in the World Bank’s Doing Business ranking in 191 countries.

As per information made public by the General Secretariat of the Presidency, the initiative brings about changes and cuts the red tape in starting businesses, providing for the unification of the federal, state and city registration at the National Registry of Legal Entities (CNPJ in Portuguese), eliminating viability analysis – which only exist in Brazil – and automating checking business names in seconds.


Via Brazil Arab News Agency


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Since the mid-1990s, new approaches to poverty reduction have been introduced in countries across Africa, Asia and Latin America. Some have involved income transfer programmes that target poorer citizens based on various means tests. Most have targeted female caregivers, primarily mothers.

The most expansive child and family grants are in Brazil, Mexico, Chile, Argentina and South Africa, which has put in place the biggest social provision net in Africa.


By Leila Patel, Natasha Borges Sugiyama and Wendy Hunter via The Conversation


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The Brazilian-based pan-Latin American food delivery startup iFood has announced a series of initiatives designed to reduce the company’s environmental impact as consumers push companies to focus more on sustainability.

The program has two main components — one focused on plastic pollution and waste and another aiming to become carbon neutral in its operations by 2025.


By Jonathan Shieber via TechCrunch


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In our last column, we began this series of articles designed to provide insight into the question of whether or not a U.S. agricultural policy focused on exports has been able to sustain agricultural prices at a profitable level for a sustained period of time. In making this analysis, we acknowledge that in a single year, or a short burst of years, exports can have a positive impact on U.S. crop prices.

The question is whether policies designed with the goal of expanding crop exports can sustain profitable crop prices over the long haul. If crop exports cannot sustain a long period of profitable prices, then we must identify other means to support profitable crop prices over the long term.


By Harwood D. Schaffer and Daryll E. Ray via Wisconsin State Farmer


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Buying and selling residential real estate is a complex business, no matter where you live. A slew of startups in the United States are focused on streamlining that process for people. But in Brazil, where no MLS exists, the challenge of digitizing real estate is even greater.

One startup that has set out to serve as a “one-stop shop” for Brazilians to help them manage the home buying and selling process has managed to attract one of the largest — if not the largest — funding rounds ever raised by a Brazilian startup.

Mary Ann Azevedo via TechCrunch

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Atualmente, a adoção e divulgação de critérios ESG (Ambiental, Social e Governança) para qualificar negócios, investimentos e financiamentos tornou-se imperativo de mercado. Esses critérios atualizam a gestão de riscos das empresas ao mesmo tempo em que representam grande oportunidade de inovação. Já a divulgação aos olhos do mercado é ação essencial, utilizada por consumidores, comunidades, investidores e financiadores como diretriz para melhores decisões.

Pensando no quanto a adoção de critérios ESG é decisiva no planejamento estratégico de qualquer negócio, especialmente para assegurar retorno ao acionista e sobrevivência no longo prazo, reunimos um time de especialistas em uma nova área dedicada para assessorar nossos clientes no viés legal do ESG.


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PARIS, March 24 (Reuters) – French supermarket retailer Carrefour has agreed to buy Grupo Big, Brazil’s third-biggest food retailer, in a deal valuing the Brazilian firm at around $1.3 billion, which Carrefour said would boost its earnings.

Carrefour said on Wednesday that it would buy the company from Walmart and investment firm Advent International.


By Sudip Kar-Gupta via Reuters


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SAO PAULO (Reuters) – A special purpose acquisition company (SPAC) backed by Brazilian asset manager Patria Investments Ltd plans to raise $250 million in an initial public offering on Nasdaq, according to a securities filing.

Patria, which has Blackstone Group Inc among its investors, said on Friday its executive officers may sponsor the blank-check company Patria Acquisition Co, based in the Cayman Islands, with roughly $92 million.


By Carolina Mandl via Reuters


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Speaking as part of a high-level panel at World Nuclear Association’s Strategic eForum on Sustainable Finance on 18 March, Mendes Cabral said BNDES is learning lessons from its previous involvement with the Angra 3 project. In addition, it is working to expand its issuance of green bonds to include nuclear energy within a wider, environmental, social, and governance (ESG) framework.

Two nuclear power units – Angra 1 and 2 – supply about 3% of Brazil’s electricity. The units are operated by Eletrobras subsidiary Eletronuclear.


Via World Nuclear News


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Welcome to this week’s Brazil tech and innovation round-up. Here is a selection of three key developments in Latin America’s largest economy: first up, the Brazilian government is making inroads towards its digital identity project. Next, fintech unicorn EBANX expands operations in Centra America and retail giant Magazine Luiza makes more acquisitions of startups to bolster its digital strategy.


By Angelica Mari via Forbes


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Equinor (NYSE: EQNR) reported late last week that a development concept has been approved for the BM-C-33 gas/condensate field in the pre-salt Campos Basin offshore Brazil.

“BM-C-33 is a key project in our portfolio and concept select is an important milestone in our effort to mature the project,” Geir Tungesvik, senior vice president for projects with operator Equinor, remarked in a written statement emailed to Rigzone. “It is important to further optimize and improve the project business case to make it more robust for future market.”


By Matthew V. Veazey via Ringzone


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ARMONK, N.Y., March 18, 2021 /PRNewswire/ — IBM (NYSE: IBM) today announced the opening of its first IBM Cloud Multizone Region (MZR) in Latin America, an important expansion of its global cloud presence in major markets. Building on its existing data center footprint in Brazil, the MZR is a result of the company’s continued investment in cloud infrastructure to accelerate hybrid cloud adoption and help foster business growth in Latin America. Following the openings of Toronto and Osaka last year, the latest MZR in Brazil marks IBM’s ongoing commitment to help clients across the globe deploy mission-critical workloads with high levels of security and resilience, while helping to address data sovereignty requirements and prepare for a sustainable future.


Via Yahoo Finance


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Microsoft has announced availability zones for the south of Brazil in São Paulo State, as promised in October 2020. The company also promised to expand its zone coverage during 2021.

The announcement is part of Microsoft’s “More Brazil” plan, and comes at the same time IBM is announcing its first multi-zone region in the country. Microsoft is now offering Microsoft 365 Multi-Geo (a data residency offering), and will soon offer the Dynamics 365 and Power Platform products, along with fast ExpressRoute network connections to the Azure cloud.


By Peter Judge via DCD


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(Bloomberg) — Brazil’s major railroad operator is bracing for a busier year as easing global trade tensions and expectations of bumper crops boost transportation demand in South America’s farming powerhouse.

Rumo SA, a logistics giant that owns 13,500 kilometers (8,400 miles) of railway lines linking Brazil’s agriculture heartland to the nation’s largest coastal ports, started the year with twice as many contracts to transport agricultural commodities than a year ago, Chief Executive Officer Joao Alberto Abreu said. He sees easing global trade tensions and surging agricultural prices as signs of better times ahead.


By Fabiana Batista via Yahoo Finance


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After a series of delays, Fiocruz will start delivering its first Covid-19 vaccines produced in Brazil. The forecast is that just over 1 million doses will be sent by this weekend — 500 thousand on Wednesday (17) and another 580 thousand by Friday (19).

The national manufacture of the immunizing agent developed by the University of Oxford and by the pharmaceutical company AstraZeneca, from imported raw material, was definitively authorized by Anvisa (National Health Surveillance Agency) last Friday (12).


By Julia Barbon via Folha de S. Paulo


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BRASILIA, March 17 (Reuters) – Brazil’s economy ministry raised its inflation outlook for this year to 4.4% on Wednesday, the same day the central bank is widely expected to raise interest rates for the first time in six years to combat the strong buildup in price pressures.

That is up sharply from the ministry’s previous forecast of 3.2% in November and well above the central bank’s year-end target of 3.75%. It is lower, however, than what many economists are projecting.
By Jamie McGeever via Yahoo Finance

SAO PAULO, March 17 (Reuters) – Brazil’s lower house approved a new regulatory framework for the natural gas sector in the early hours of Wednesday, a move the government hopes will increase competition in the industry.

The bill, which garnered support from industrial consumers, will now be signed into law by President Jair Bolsonaro.


By Luciano Costa via Yahoo Finance


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Withersworldwide is one of the most well-known law firms for privately held capital, in particular among multi-generational high net worth and ultra-high net worth families and individuals, founders, executives, and successful businesses. With 17 global offices strategically located across the US, UK, Europe, and Asia-Pacific, Withers is well-placed to advise on our clients’ complex legal needs in good times and bad. Withers offers a full range of services that include (but are not limited to) tax, wealth planning, family law, family office formation and governance, trusts and estate planning, insurance investment and annuity structures, charities and philanthropy, art & luxury assets, banking and finance, corporate law, funds and fund formation, mergers and acquisitions, technology, real estate, arbitration, white-collar and securities defense, dispute resolution/litigation, immigration, and employment.

Learn more here.

Brasília – Economic activity in Brazil was up in January 2021 from December 2020, as per numbers made public this Monday (15) by the Brazilian Central Bank. This was the ninth straight month-on-month increment – the last time activity shrank was in March and April 2020.

The season-adjusted Central Bank’s Economic Activity Index (IBC-Br) was up 1.04% in January from December. Year-on-year in January, it was down 0.46% (non-adjusted, since equal months are being compared). In the 12 months through January, the IBC-Br was down 4.04%.


Via Brazil-Arab News Agency


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This week has seen the announcement of what is the largest deal ever in the Brazilian software industry, as enterprise software giant Totvsacquired 92% of marketing automation startup RD Station for 1,86 billion (US$ 330 million).

The deal saw founder and chief executive Eric Santos and the four other cofounders Guilherme Lopes, André Siqueira, Bruno Ghisi and Pedro Bachiega selling part of their shares in the company and an exit for Riverwood Capital, TPG, Endeavor Catalyst, DGF, Redpoint ventures and Astella Investments, a pool of backers that owned over 80% of the business.


By Angelica Mari via Forbes


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With a focus on digital transformation, predictive artificial intelligence, DevOps and cloud migration, CPQi provides managed services, including building, implementing, & supporting financial markets systems for leading American economies.

Headquartered in Canada, they also operate in Brazil, USA, Chile, Argentina, Mexico, Colombia and Peru.

Learn more here.

March 15 (Renewables Now) – Spanish firm Powertis SA has started the construction works on 225 MW of solar photovoltaic (PV) projects in the Brazilian states of Sao Paulo and Minas Gerais.

The company, a subsidiary of Soltec Power Holdings SA (BME:SOL), is planning to install two 112.5 MW PV facilities in the municipalities of Pedranopolis and Araxa, local news agencies reported last week.


By Lucas Morais via Renewables Now


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March 12 (Renewables Now) – The Superintendency for the Development of the Northeast (Sudene), a Brazilian governmental agency, has completed the first step in the process to potentially grant a loan for a 163.5-MW photovoltaic (PV) project promoted by Lightsource BP.

Specifically, Sudene approved the prior consultation for five 32.7-MW projects — Milagres I, II, III, IV and V — that would form a solar farm complex in Brazil’s northeastern state of Ceara.


By Lucas Morais via Renewables Now


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Em março e abril, a Inffinito apresenta no Brasil e nos Estados Unidos produções dirigidas por mulheres brasileiras, que também desempenham as funções de roteiristas, fotógrafas e produtoras


A programação conta ainda com lives, debates, masterclasses e oficina de capacitação



“Elas são mulheres. São diversas. São indígenas, são pretas, brancas, cis, trans. Elas são um universo de possibilidades. É neste encontro de singularidades que formam o olhar feminino do mundo que habitamos e oferecemos para você visitar.


Elas são mais de 50 diretoras brasileiras que, nos últimos 5 anos, realizaram filmes em ficção, documentário e animação tratando de uma variedade de temas que representam todas nós.


O recorte da curadoria é a potência do talento feminino em toda sua pluralidade, sem amarras ou rótulos.  Queremos dar luz ao olhar da mulher que está atrás das lentes e ocupar nosso espaço em um mercado majoritariamente masculino.”


Adriana L. Dutra , Claudia Dutra e Viviane Spinelli


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Brazil’s Congress has approved an $8bn emergency aid package to help deal with a second wave of the coronavirus pandemic that has triggered economic shutdowns across the country.

The package, which is considerably smaller than the $50bn stimulus passed at the beginning of the crisis last year, was welcomed across the political spectrum, with economists and investors lauding its limited impact on Brazil’s growing debt pile.


By Bryan Harris and Michael Pooler via Financial Times


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With unemployment reaching an all-time high of 14% in Brazil, São Paulo-based startup Mottu has attracted a host of global backers in a Series A round intended to accelerate its plan to cater for the needs of gig economy workers.

Mottu is aiming for the scores of Brazilians looking to work as couriers in the booming e-commerce market to make ends meet, but can’t afford the basic equipment to do so. With the goal of “serving the underserved”, the startup rents motorcycles for an average of 25 reais (US$ 4,40) a day to unbanked or credit blacklisted individuals and offers insurance and maintenance, while plugging couriers to a network of marketplaces and retailers looking to boost their last-mile logistics capability.


By Angelica Mari via Forbes


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The Brazilian-American Chamber of Commerce congratulates Erica Butow, 2012 Person of the Year Fellow and President & Co-Founder of Ensina Brasil, on winning the Women Who Transform Award (Prêmio Mulheres que Transformam) in the Social Entrepreneur of the Year category. This award, sponsored by XP Inc., recognizes women who are transforming the market in different sectors, including technology, education, finance, entrepreneurship, culture, and the economy.

Ensina Brasil is a non-profit organization that aims to transform education in Brazil, starting from within the classroom, by recruiting talent from the best universities to become public school teachers in vulnerable communities. The organization is committed to developing the future leaders of Brazil by expanding opportunities for children and multiplying the transformative power of education.

As Erica states, “I represent a movement, an incredible network that works for all children to have quality education, the Ensina Brasil network. I dedicate this award to our entire amazing team, to the teachers in our network, and to the millions of teachers in Brazil who work tirelessly for their students. And of course, I cannot help but dedicate this award to the thousands of students from vulnerable communities who need the visibility and empowerment that initiatives like this create.”

Brasília – Brazil’s government will devise a policy to increase its manufacturing of agricultural fertilizer and minimize reliance on imported products. The country relies for some 80% of its fertilizer needs. An inter-ministerial work group was established to address the topic and met on Tuesday, 9, at Palácio do Planalto.

“Brazil has increased its agricultural output every year but enormously rely on imports of phosphorus and potassium. So, this working group was created,” Agriculture minister Tereza Cristina (pictured above) explained. She addressed the press after a meeting with the National Fertilizer Plan group.


Via Brazil-Arab News Agency


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In underserved communities, adolescents and young people do not have qualified opportunities for work and income. The result is that many of them end up continuing their parents’ cycle of poverty. This one-year project will benefit 110 adolescents from Santa Luzia do Itanhy. It will provide an art & design residence with Ronaldo Fraga (well-known Brazilian stylist) and Miro Dantas (Brazilian artist) to introduce new illustration techniques using digital technologies.


By IPTI – Research Organization for Technology and Innovation INC


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  • Thousands of Indigenous, quilombola, and traditional communities live in the Cerrado, the world’s most biodiverse tropical savanna. But many lack access to official titles and deeds, and are not registered on official maps.
  • As the agricultural frontier pushes into the northern part of the savanna, land-grabbing and violent attacks are increasing. Many of these communities risk losing their land and their resources uoon which they depend.
  • Now, a new smartphone app developed in collaboration with communities in the northern Cerrado and two Brazilian NGOs allows communities themselves to register their lands on the app, as well as important local sites and conflicts with farmers and land-grabbers.
  • The developers of the app aim to halt the rapid and unequal development that threatens the lives and livelihoods of those working to protect the savanna, and ultimately help conserve the last remaining tracts of native Cerrado.

By Sarah Sax via Mongabay


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In many ways, Brazil is a global leader in the energy transition. Coupled with a strong domestic oil and gas sector that makes up almost 11% of its economy, more than 46% of Brazil’s energy mix is powered by renewable energy sources and Brazil also has the third- largest renewable electricity generation capacity globally. Last year, the World Economic Forum’s Energy Transition Index ranked Brazil at 45th out of 115 countries, driven by its strong performance in in areas such as near-universal energy access and access to clean cooking fuels, a high degree of energy security and the relatively low carbon-intensity of its energy mix.


By Stephanie Jamison and Roberto Bocca via World Economic Forum


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While pursuing his master’s degree at Stanford University, Felipe Neves, 2018 POY Fellow, created Civics Educação, a platform for practical legal courses (at low cost), which are sold to finance scholarships for low-income public-school students.

The lawyers who teach these courses represent the most well-known law offices in Brazil, including Pinheiro Neto, Machado Meyer, Demarest, Lobo de Rizzo, Baptista Luz, and Trench Rossi & Watanabe, among others.

In addition, Civics offers free courses for public school teachers and students, such as Constitutional Law in the Classroom, Access to Justice, and Curriculum Preparation, to prepare young professionals for job opportunities.

Civics works like this: by purchasing one of the courses, the client contributes directly to financing scholarships for low-income public-school students and to the production of new courses. These new courses are then sold to finance new scholarships and new courses, creating one of the largest legal education platforms in Brazil and helping low-income public-school students who want and need to study.

The democratization of law and education is not something new to Felipe.  He is Founder of the NGO Project Constitutional Law in School (Projeto Constituição na Escola) (www.constituicaonasescolas.com.br), the largest civic education NGO in Brazil, which promotes face-to-face classes on Constitutional Law for thousands public-school students.

Felipe was elected as one of the most influential people by Forbes 30 Under 30 (2018), selected as a Person of the Year Fellow by the Brazilian-American Chamber of Commerce (2018), chosen as one of the 11 young Brazilian leaders by the Obama Foundation (2017), and named Young Leader of America by the United States Government (2016). He is still the youngest lawyer to have received the Innovare Award from the Brazilian Ministry of Justice (2017).

Given his experience with Projeto Constituição na Escola, Felipe was inspired to democratize other areas of law and make quality legal education accessible and affordable.

Civics already has 20 courses available online, including Business Law, Civil Procedure, Digital Law, Law and Startups, Arbitration, Contract Law, Real Estate Law, Mergers and Acquisitions, Sports Law, and Constitutional Law – while dozens of other courses are being produced.

Learn more here.

March 8 (Renewables Now) – Brazilian renewables developer Renova Energia SA (BVMF:RNEW11) has received a BRL-362.5-million (USD 63.7m/EUR 53.4m) debtor-in-possession (DIP) loan to complete the 400-MW Phase A of the Alto Sertao III wind power complex.

The financing came from a bank credit note structured by Brazilian independent resource manager Quadra Gestao de Recursos Ltda, contracted by the company’s subsidiary Chipley SP Participacoes SA, Renova announced last week.


By Lucas Morais via Renewables Now


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BRASÍLIA, Brazil, March 8, 2021 /PRNewswire/ — Apex-Brasil, the Brazilian Trade and Investment Promotion Agency, today shared that Brazil was able to maintain its overall rank on the 2021 Bloomberg Innovation Index during an extraordinary year. For the second year in a row, Brazil sustained a rank of 46th out of the world’s 131 most innovative countries and economies, performing particularly well in certain specialized sectors measured, such as manufacturing and productivity – solidifying the country’s innovation economy at a crucial moment in time.

During a year when innovation was, arguably, more important than ever before, Brazil’s consistency on the Bloomberg Innovation Index is a positive sign for the future. This is underscored by many countries decreasing in their innovation rank over the past year, largely due to business ramifications of the coronavirus pandemic, according to Bloomberg, which uses seven weighted metrics to review dozens of criteria in assembling the Innovation Index.


Via PR Newswire


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SAO PAULO, March 4 (Reuters) – Farmers in Brazil fed some 10% of the world’s 7.76 billion population last year, a study released on Thursday by state-run agricultural research agency Embrapa found.

The study focused on Brazil’s grains and oilseeds production as these are considered basic food staples that can be either used for direct human consumption or as animal feed for meat processing, Embrapa’s statement said.


By Gabriel Araujo via Successful Farming


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Brasília – Exports from Brazil proved relatively resilient amid the Covid-19 pandemic in 2020, underpinned by stronger sales of staple goods. According to the Brazilian Central Bank, a hike in exports of soya, especially in Midwest Brazil, and iron ore, in the North, whose prices went up.

Exports of manufactured goods slowed down, as a result of the global economic slump, and this impacted predominantly the Southeast and South. A Central Bank analysis of exports was made public this Thursday (4) alongside its regional reports.


Via Brazil-Arab News Agency


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The Brazilian economy contracted 4.1 per cent last year, one of the most resilient performances in Latin America, after a massive fiscal stimulus package tempered the impact of the coronavirus pandemic.

Official data released on Wednesday showed that the Brazilian economy grew 3.2 per cent in the fourth quarter last year from the previous quarter, when it expanded 7.7 per cent. That left the Brazilian economy 1.1 per cent smaller than it was in the fourth quarter of 2019, before the pandemic spread globally.


By Bryan Harris via Financial Times


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São Paulo – Despite the Covid-19 pandemic, cargo throughput at ports in Brazil was up 4.2% in 2020 from 2019 to 1.15 billion tons, as per an annual statistical report released this week by the National Agency for Waterway Transportation (Antaq).

The numbers include throughput at state-run and private ports combined. State-run units accounted for 34% of throughput, while private facilities handled 66%. The majority of cargo – 775.5 million tons – was outgoing, i.e., exports, whereas 377.2 million was incoming, i.e., imports .


Via Brazil-Arab News Agency


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BRASILIA, March 2 (Reuters) – Brazil’s real has suffered more than other emerging currencies as investors adjust to changing liquidity conditions globally, but some of it has not been justified by economic fundamentals, central bank President Roberto Campos Neto said on Tuesday.

Speaking in an online event hosted by Arko Advice and Empiricus, Campos Neto said the central bank has large currency reserves and will continue to act as it sees fit, adding that it remains focused on using all the tools at its disposal to meet it inflation goals.


By Jamie McGeever and Gabriel Ponte via Reuters


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Australia-based hydrogen specialist Enegix Energy is planning to build a green hydrogen plant on 500 hectares of commercial land in the Port of Pecém, in the Brazilian, northeastern state of Ceará.

The company said that a memorandum of understanding for the ‘Base One’ project was signed in mid-February with the state governor Camilo Santana and that the planned facility should generate over 600 million kilograms of green hydrogen per year. “Enegix’s planned next-generation facility will be run completely using renewable energy, with zero emissions, and will harness the great renewable energy potential that Ceará has available, with solar and onshore and offshore wind to be realized, allowing Base One to be expanded to over 100 GW to meet global demand,” the Australian company said in a statement.


By Emiliano Bellini via PV Magazine


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BRASILIA, March 1 (Reuters) – Brazil’s Health Ministry will deliver 140 million doses of COVID-19 vaccines between now and the end of May, lower house speaker Arthur Lira said on Monday, without giving details on where they will come from.

Speaking in an interview with TV Record and later confirming on his Twitter account, Lira also said emergency monthly cash transfers to millions of poor Brazilians of 250 reais ($45) will be made through June.


By Lisandra Paraguassu via Yahoo Finance


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Latin American e-commerce powerhouse MercadoLibre Inc. is more than doubling its Brazilian investment this year, planning to deploy in 2021 the same amount it spent in the past four years combined.

The firm plans to pour a record 10 billion reais ($1.8 billion) into Brazil in 2021, up from 4 billion reais last year, to be spent mostly on expanding its logistics network, said Commerce President Stelleo Tolda in an interview with Bloomberg News. Investments in other Latin American markets should also grow, he added, without providing a full figure for the region.


By Vinicius Andrade via Bloomberg


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Brazil is known for its vibrant music culture, love of soccer and for being the largest country in Latin America in terms of both population and geography. The nation has other notable — if less conspicuous — distinctions, however: a widespread embrace of smartphones and a rapidly developing digital payments infrastructure.

These conditions help explain why the pandemic-driven digital shift that is transforming retail in advanced economies around the world has been a catalyst for major changes in Brazil as well. The nation’s consumers, much as those in other markets, have sought to avoid crowded stores and engage in safer, more efficient and more satisfying ways to shop. The share of Brazilian consumers who consider digital channels to be their preferred means of shopping has grown by more than 30 percent since the pandemic began and now accounts for 46 percent of its consumers overall.


Via Pymnts


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São Paulo – Brazil’s trade with the Arab countries climbed 17.3% in January from a year ago. The total amount reached USD 1.22 billion, and Brazil ran a USD 563.31-million surplus. The figures were made public by the Arab Brazilian Chamber of Commerce (ABCC).

Year on year, Brazil’s revenue from exports to the Arab countries climbed 7.4% to USD 891.85 million, keeping the Arab bloc as the 3rd largest destination of sales from Brazil, only behind China and the United States.


Via Brazil-Arab News Agency


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BRASILIA, Feb 26 (Reuters) – Brazil’s unemployment rate ended last year at 13.9%, figures showed on Friday, extending a recent dip as workers returning to the labor market found jobs, but the average jobless rate in 2020 was the highest since comparable records began in 2012.

That was down from 14.1% in the three months to November, statistics agency IBGE said, in line with the median forecast in a Reuters poll of economists and slipping further from the record 14.6% in the three months to September.
By Jamie McGeever via Yahoo Finance

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