Brazil’s real surged on Thursday to close at its highest in almost four months against the dollar, a day after the central bank struck a hawkish tone in its statement that accompanied a second aggressive hike in borrowing costs.

A clutch of major global banks published notes revising their outlook on Brazil’s benchmark Selic rate, which they say is now likely to rise more quickly or more aggressively.

By Jamie McGeever via Reuters

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Brazil’s National Petroleum Agency approved April 29 a proposal to shift biodiesel trading from the country’s current public auction model to a hybrid model, starting January 2022.

After more than 30 meetings with the participants in Brazil’s biodiesel market, the agency, the ANP, announced the parameters established for the hybrid trading mode, which would replace the auction model in place since 2008 when Brazil started to blend diesel fuel with biodiesel, resulting in a 2% biodiesel mix.

 

By Nicolle Monteiro de Castro via S&P Global Platts

 

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April 29 (Renewables Now) – EDF Renewables, a unit of French utility EDF (EPA:EDF), will be building a 242-MW wind farm in Brazil’s Paraiba, the state’s government announced this week.

Under a newly-signed protocol of intent, the European company will invest around BRL 1 billion (USD 187m/EUR 154m) in the development of the Serra do Serido wind farm in the towns of Junco de Serido and Santa Luzia.

 

By Lucas Morais

 

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Production began on the first of an expected 18 million doses by mid-July, though Brazil’s Health Regulatory Agency (Anvisa) is yet to authorise the vaccine

Brazil’s Sao Paulo-based Butantan Institute, a state-run medical research facility, on Wednesday began to manufacture ButanVac, the first Brazilian vaccine against the novel coronavirus disease (Covid-19), state governor Joao Doria announced.
Via Mint

Positive Ventures, a São Paulo-based venture firm, has secured $10 million for its latest fund.

Positive Ventures has raised the capital from an impressive list of LPs, including investor Luis Stuhlberger, founding partner of Verde Asset Management and Teresa and Cândido Bracher, who was the chairman of Itaú-Unibanco, Brazil’s largest bank.

 

Mary Ann Azevedo via Tech Crunch

 

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The NIE rule applies for any F-1 or M-1 visa holder if their academic program begins August 1 2021 or later. Those applicants who are found to be otherwise qualified for an F-1 or M-1 visa will automatically be considered for an NIE to travel.

This news, announced April 26 by the state department, will be welcome, but more needs to be done say senior stakeholders, particularly regarding the reported problems (in China especially) accessing appointments to seek a US visa. NAFSA is calling for in-person interviews to cease to be mandatory to help resume processing at pace.

 

Via The Pie News

 

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The Brasil Investment Forum 2021 (BIF) is an international event about attracting foreign investments to Brazil, organized by Apex-Brasil, the Interamerican Development Bank (IDB) and the Brazilian Federal Government, which will be held online on May 31 and June 1st, 2021.

Known as the largest event for foreign investment in Latin America, BIF will bring together federal, state and local government authorities and executives from large companies from Brazil and the world, as well as representatives from academia, the press and opinion makers.

In this edition the Forum will highlight investment opportunities in strategic sectors such as agribusiness, energy, infrastructure, innovation, health and technology, among others. This will be a unique opportunity to discuss improvements in the country’s business environment.

This year BIF will be held online. The event will feature high-level panel discussions with government representatives and CEOs from leading multinationals, a presentation room for public and private projects in Brazil that are seeking foreign direct investment and the opportunity for networking with representatives of state governments and participants.

 

More Info

Rio de Janeiro — Brazil boosted biodiesel production year on year in March after Latin America’s biggest country increased its biodiesel-diesel blend March 1, but high raw-materials prices remain a challenge to additional growth in 2021, according to data released April 26 by the National Petroleum Agency, or ANP.

Brazil produced 639.9 million liters of biodiesel in March, an increase of 16.3% from 550.3 million liters in March 2020, the ANP said. March’s biodiesel production also advanced 21.9% from February’s 524.9 million liters.

 

By Jeff Fick via S&P Global Platts

 

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Embraer and the Brazilian air force have signed a memorandum of understanding to jointly study the design and development of an “advanced unmanned aircraft system”.

Few details about the unmanned air vehicle (UAV) were revealed by Embraer in its announcement on 23 April. However, the company distributed a rendering, for “illustrated purposes only”, of a stealthy UAV with short swept wings, perhaps indicating a combat role.

 

By Garrett Reim via Flight Global

 

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Spanish mobility firm Cabify has announced on Friday (23) that it will end its Brazil operations in June. Among the reasons prompting the decision, the mobility company noted Brazil is “still very affected by its serious healthcare situation and the local socioeconomic crisis caused by Covid-19”. This broader context limits value creation, the startup said, adding that it is “committed to profitability.”

“The company will continue to be attentive to needs and opportunities future mobility in this market”, Cabify said in a statement. Contacted by Forbes, the firm declined to confirm how many employees will be affected by the decision.

 

By Angelica Maria via Forbes

 

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Dear clients and business partners,

It is with great pleasure that we announce the admission of another partner to our law firm. Already well-known and recognized in the market, Caio Cossermelli has now joined our Capital Markets practice area. His arrival will further strengthen our work in this area, which was marked by a high number of initial public share offerings (IPOs) in Brazil during 2020. Forecasts indicate that this is expected to continue throughout 2021.

A law graduate at the Pontifícia Universidade Católica de São Paulo, Caio also holds a Master of Laws from the Northwestern Pritzker School of Law in Chicago. Possessing extensive experience in IPOs and follow-ons, he advises clients in registering publicly-held companies, establishing securities distribution programs (such as units) as well as in everyday corporate and regulatory activities. Caio also advises on mergers and acquisitions, debt and securitization offers, financing and structured transactions (including infrastructure projects), along with international transactions across multiple jurisdictions involving loans and securities.

Mattos Filho leads the rankings for transactions in capital markets in Brazil, with the largest exclusively dedicated legal team in this area. Caio’s arrival reinforces the firm’s commitment to continue growing in light of the prospects for expansion within the area, as we assist our clients in navigating planned regulatory changes within the capital markets sector. We will thus be able to continue offering complete and comprehensive legal advice, with a focus on innovative and multidisciplinary projects.

 

Learn more about our Capital Markets practice area on the Mattos Filho website.

April 23 (Renewables Now) – The Brazilian Ministry of Mines and Energy (MME) will initially invest BRL 386 million (USD 70.3m/EUR 58.5m) to supply clean energy to isolated communities in the Amazonian archipelago of Marajo.

This initial agreement will benefit 50,000 people that live in the municipalities of Curralinho, Melgaco and Portel, in the state of Para, through electricity transmission networks and solar energy generation systems, MME announced this week.

 

By Lucas Morais via Renewables Now

 

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Brazilian soybeans exports in the first three weeks of April surpassed the year-ago level due to higher exports in the third week of the month, sources said April 20, which is likely to support domestic oilseed prices.

According to the foreign trade department’s report released April 19, Brazil exported 10.6 million mt of beans so far in April, compared with the equivalent 2020 volume of 9.16 million mt.

 

Via Hellenic Shipping News

 

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Some states are already working to open gas markets to more competition, such as Amazonia and Rio Grande do Norte.

A presidential decree expected by mid-May should add more detail to the new law and will be followed by updates and resolutions from the ANP. The regulator may restructure its personnel in order to carry out the legislation.

 

By Flavia Pierry via Argus Media

 

Read full article here

Power utilities and developers are rushing to register solar projects in Brazil, one of the most promising markets for renewables, as it prepares to cut subsidies for new solar installations and wind farms, according to a report by consultancy ePowerBay.

Spain´s Iberdrola (IBE.MC), France´s Voltalia (VLTSA.PA), EDF (EDF.PA), Italy´s Enel (ENEI.MI) and Portugal´s EDP Renewables are among the main players developing solar projects in Brazil, as well as Atlas Energia, controlled by the British private equity firm Actis, ePowerBay said on Tuesday.

By Luciano Costa via Reuters

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PARIS — Carrefour reported sales rose 4.2 percent to 18.56 billion euros over the first quarter, spurred on by consumption in France, where it has bulked up e-commerce services, as well as fast growth in Brazil.

“Our growth model, based on operational excellence, competitiveness and the power of our omnichannel offer, translates into market-share gains in our main countries,” said chief executive officer Alexandre Bompard. Under Bompard’s direction, Carrefour has bolstered its e-commerce through partnerships with technology companies, and increased organic food offers.

 

By Mimosa Spencer via Yahoo Finance

 

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Brazil’s Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country’s Gross Domestic Product (GDP) rose 1.70% in February 2021, against January’s figures, it was announced Monday.

The new data show a positive variation of 0.98% year to year, against the -0.4% analysts had envisioned. The official forecast of the Central Bank on GDP expansion for 2021 is 3.6%.

 

Via Merco Press

 

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Do you want to know why Brazil was selected as the third most attractive country for clean energy investment (Climatescopes 2020)? Join Apex Brasil at the online event US-Brazil New Energy Investment Forum, April 29, at 2 pm (Brasilia time) / 1 pm (Eastern Standard Time) and learn how you can start investing in the Brazilian new energy sector.
 
Access the Program here: https://lnkd.in/epNpsFD
Apex-BrasilBrazilian-American Chamber of CommerceMinistério das Relações Exteriores.

The news: Brazil’s central bank-run instant payments system processed 1.05 billion transactions worth BRL787 billion ($152.6 billion) between November and March, per Mobile Time.

Here’s how it works: PIX, which launched in November, lets users make real-time money transfers 24/7 to individuals or businesses without needing a bank account. To use the smartphone-based service, users have to register “keys” like their social security numbers, mobile phone numbers, or email addresses with a bank or fintech as an authentication method.

 

By Adriana Nunez via eMarketer

 

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The first ever video call on standalone 5G in Latin America has been completed in Brazil as part of a series of supplier demonstrations to the government ahead of the upcoming fifth-generation spectrum auction.

The video call, made on Friday (9) from Nokia’s Brazilian headquarters in São Paulo, connected Brazil’s communications minister Fabio Faria to president Jair Bolsonaro, who was in Brasília at the time.

 

By Angelica Mari via ZD Net

 

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Norwegian metals maker Norsk Hydro (NHY.OL) said on Friday it has struck a preliminary deal with New Fortress Energy (NFE.O) to buy liquefied natural gas (LNG) for its Alunorte alumina refinery in Brazil, switching the energy source from fuel oil.

Supply of LNG by the U.S.-based energy company to the Barcarena municipality is expected to start in 2022 under a 15-year deal, according to Hydro.

Via Reuters

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Brazil is studying the possibility to finance a future fund to subsidize domestic fuel prices with part of the proceeds it expects to receive from an offshore oil auction later this year, a source with direct knowledge of the government’s plans told Reuters this week.

Fuel prices and the hikes in those prices early this year became the bone of contention between Brazilian President Jair Bolsonaro and state oil firm Petrobras—a spat that ended with Bolsonaro ousting the chief executive of the Brazilian national oil company, Roberto Castello Branco.

 

By Tsvetana Paraskova via Yahoo Finance

 

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Brazil state utility Eletrobras and its research arm Cepel are partnering with Siemens Energy to develop green hydrogen production.

Under the agreement, the three partners are to implement joint studies covering the full hydrogen technology cycle from production to consumption, accompanied by the development of a scalable pilot production plant.
Based on the outcomes, the companies anticipate moving towards the implementation of a commercial-scale production plant to produce hydrogen with a zero carbon footprint.

 

By Jonathan Spencer Jones via Power Engineering International

 

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Brazil’s central bank is closely monitoring if a recent spike in commodity prices will continue to affect core inflation, and particularly expectations for 2022, as it calibrates monetary policy, according to its President Roberto Campos Neto.

The bank delivered an outsized rate hike last month and promised another in May as it realized that what it deems as temporary price shocks were having a more lasting impact on inflation, even when excluding more volatile items such as food and energy.

 

By Andrew Rosati and Shery Ahn

 

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On 30th March 2021, two legislative measures were published in Brazil. The first, Law 14,129/2021 (“The Law”) implements the Brazilian Digital Government Policy (“DGP”), while the second, Provisional Measure 1,040/2021 (“The Measure”) aims to improve the business environment in Brazil, with the objective of improving its position in the World Bank’s “Doing Business” ranking. While they are distinct acts, there is a strong common theme to both: reducing bureaucracy in both the public administration and the private sector.

The Law provides for the principles, rules and instruments for the implementation of the DGP. It aims to improve the efficiency of public administration through digitalising records and using technology to make public services more widely accessible to the population, including those on low incomes or residing in rural and isolated areas.

The Measure sets forth legislative changes to promote and foster the creation and development of businesses in Brazil. Brazil is currently ranked 124 in the world on the World Bank’s “Doing Business” rankings[1]. This Measure directly addresses some of the issues currently faced by those wishing to start or grow businesses in Brazil, in accordance with the recommendations of the World Bank, and with the aim of improving that ranking.

 

By Ted Rhodes and Valerio Salgado

 

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The Brazilian government has published the country’s artificial intelligence (AI) strategy to guide actions around research, innovation and the development of related technologies to tackle the country’s greatest challenges, as well as ethics.

The publication of the strategy follows a process of over a year since the launch of the consultation to gather input for the plan in late 2019, after a period of engagement with AI consulting firms and an international benchmarking process. According to the Brazilian government, the consultation lasted until March 2020 and more than 1,000 contributions were received.

 

By Angelica Mari via ZD Net

 

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BRASILIA, April 12 (Reuters) – Brazil’s 2021 interest rate outlook rose to 5.25%, a central bank survey of economists published on Monday showed, after policymakers’ repeated comments that aggressive tightening now means borrowing costs will not have to rise as much in the end.

The median forecast for the benchmark Selic rate from over 100 economists in the central bank’s weekly ‘FOCUS’ survey increased from 5.00% the week before, and 4.50% four weeks ago.

By Jamie McGeever via Reuters

Operation safety and investments over R$ 145 million in projects and donations to society reflect the company’s socioenvironmental action over the last year

april 08, 2021

In a year marked by the Covid-19 pandemic and its consequences, Petrobras was able to achieve positive economic results and, at the same time, expand its commitments to sustainability and improve environmental and social indicators, as well as support the fight against the effects of the pandemic in the Brazilian society. The information regarding the company’s operational, economic, social, environmental, and governance performance is compiled in the Sustainability Report 2020, published this Wednesday in the English version.

 

“Petrobras’ performance in an extremely challenging year reveals our relentless pursuit of the dual objective of maximizing return for shareholders and society,” said CEO Roberto Castello Branco. The document details Petrobras’ support for society’s actions to fight the Covid-19 by donating tests, hospital and hygiene materials, fuel for ambulances and hospital vehicles, and food for low-income families. The company also made financial donations to scientific projects to fight the pandemic and provided computing capacity to support research efforts. The donations in response to Covid-19 and to other disaster situations in Brazil – such as the floods in the states of Minas Gerais and Espírito Santo, fires in the Pantanal and blackouts in Amapá – totaled, in 2020, the amount of R$25.5 million, donated by Petrobras and its equity stakes, in addition to expenses to carry out the management of these projects.

 

Read Full Report Here

BRASILIA, April 8 (Reuters) – The dynamics driving Brazil’s currency are improving and the market is now more balanced, despite lingering fiscal uncertainty, central bank monetary policy director Bruno Serra said on Thursday.

In an online debate hosted by event management company Consulting House, Serra said the central bank’s market interventions earlier this year have helped greatly, while the capital flows picture for the real is also brighter.

 

By Jamie McGeever and Gabriel Ponte via Reuters

 

Read full article here

LONDON, April 9 (Reuters) – Fund manager Ashmore Group has bought Brazilian and Chinese local currency bonds as it remains focused on broader emerging market local debt, betting on strong performance during 2021.

Brazilian markets have had a tough start to 2021, with local currency bonds selling off by around 170 basis points and the real currency sliding 7% against the dollar as concerns about politics surfaced and as the country battles the world’s worst daily COVID-19 death toll.

 

By Tom Arnold via Reuters

 

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São Paulo – Vehicle exports from Brazil were up 7.6% year-on-year in the first quarter of 2021, the National Motor Vehicle Manufacturers Association (Anfavea) reported this Wednesday (7).

Q1 saw 95,800 units shipped from Brazil, including light vehicles, trucks and buses. Light vehicles accounted for the near-entirety of exports at 89,600 units. Foreign sales also included 5,200 trucks and 845 buses.

 

Via Brazil-Arab News Agency

 

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São Paulo – Soya exports from Brazil climbed 12% year-on-year in March, the National Cereal Exporters Association (Anec) reported. Sales amounted to 14.9 million tons, a monthly record.

Year-to-date, however, exports slid by 5%, according to the Anec’s website, to 20.4 million tons in Q1 2021, from 21.6 million tons in Q1 2020. Sales were weaker in January, and marginally so in February.

 

Via Brazil-Arab News Agency

 

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New Delhi — Brazil is forecast to produce an all-time high soybean volume of 141 million mt in 2021-22 marketing year (February 2022–January 2023) on record acreage of 40 million hectares, according to the US Department of Agriculture’s Foreign Agricultural Service, which is likely to pressure US-origin soybean demand next season.

Soybean expansion is forecast on current market conditions and trends — including strong demand, high prices and a favorable exchange rate, FAS said. All these conditions are expected to persist into the 2021-22 season, it said in the report released April 6.

 

By Asim Anand via S&P Platts

 

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SAO PAULO, April 5 (Reuters) – Brazilian farmers had harvested 78% of the area planted with the 2020/2021 soybean crop as of last Thursday, compared with 83% at the same point last year, agribusiness consultancy AgRural said on Monday.

As the soybean season draws to a close, Brazilian farmers were able to finish planting their second corn crop, as much of it is grown in the same areas as the oilseeds, AgRural said.

 

By Ana Mano via Successful Farming

 

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Pinterest continues to expand its ad business, with brands in Brazil now able to launch paid promotions via Pin.

As explained by Pinterest:

“46 million people in Brazil use Pinterest to find ideas. To shop. To decide what’s next. They’ve long depended on Pinterest for inspiration and product discovery. And starting today, Brazilian marketers can use Pinterest ads to better reach this highly engaged audience.”

 

By Andrew Hutchinson via Social Media Today

 

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FinanZero, a Brazilian online credit marketplace, announced today that it has closed a $7 million round of funding – its fourth since it launched in 2016 was founded in 2016. It has raised a total of $22.85 million to date.

The real-time online loan broker allows people to apply for a personal loan, a car equity loan, or a home equity loan for free and receive an answer in minutes. A key to FinanZero’s success is that it doesn’t offer the loans itself, but has instead partnered with about 51 banks and fintechs who back the loans.

 

By Marcella McCarthy via TechCrunch

 

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The Facebook-owned messaging platform has the green light to launch its payments service in Brazil after gaining approval from the country’s central bank, per Reuters. WhatsApp is only allowed to operate its peer-to-peer (P2P) payments service; though Facebook is still seeking approval, it can’t yet extend this service to merchants.

WhatsApp has hit roadblocks launching its payments service globally, with regulators citing antitrust concerns.

 

By Adriana Nunez via eMarketer

 

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New York — The spot premium of anhydrous ethanol over hydrous in Brazil’s Center-South for the 2020-21 crop, which ended March 31, averaged 14.3%, up 3% from the prior crop and at the highest premium since S&P Global Platts started to track it for the 2014-15 crop.

Platts considered hydrous and anhydrous free of taxes to calculate the spot premium.

The highest premium was recorded at 26.8% during the three first days of the 2020-21 crop, while the lowest at 4.2% was on March 10.

 

By Nicole Monteiro de Castro

 

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Brasília – Gecex, a technical body within the Brazilian foreign trade chamber Camex, said on Monday, 29, it zeroed import taxes on 65 products to ease the fallout from the coronavirus outbreak on the population. Now, Brazil has 628 coronavirus-related products with zero import taxes.

Eligible goods include medicines for pain relief, sedation, intubation, and artificial respiration, including anesthetics, tranquilizers, painkillers and antibiotics. The measure also encompasses monitors for clinical beds and Intensive Care Units (ICUs), equipment for breath gas analyses, and ICU monitoring central servers, as well as truck bodies and tank trucks to transport dangerous goods, such as oxygen.

 

Via Brazil-Arab News Agency

 

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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.

 

Leia Mais

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

 

Read full article here

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

 

Read full article here

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

 

Read full article here

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

 

Read full article here

 

 

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

 

Read full article here

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.

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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

São Paulo – Exports from the Brazilian food and beverage industry to the Arab countries were down 8.7% in 2020 from the previous year. The bloc purchased USD 6.19 billion worth in products last year. Despite the decline, the Arabs remain as the second largest purchasing market of Brazil’s food industry, only behind Asia. The figures were made public on Wednesday (24) by the Brazilian Food Industry Association (ABIA).

The Brazilian food industry’s top purchasing countries include Saudi Arabia and the United Arab Emirates, which ranked 6th and 8th, respectively. “There’s a major focus on Asia and the Arab countries, where we have decades-long partnerships and there’s a very fruitful, complementary economy, and we still have many opportunities to tap into,” ABIA board chair Grazielle Parenti said during a press conference.

 

By Thaís Sousa via Brazil-Arab News Agency

 

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Brazil’s RecargaPay has raised $70 million in a Series C funding round to expand its payments platform for consumers and small businesses. The funding round, led by IDC Ventures and Fuel Venture Capital, brings RecargaPay’s total funding to over $100 million. Other investors include Experian, LUN Partners and ATW, according to a press release.

“Founded in Brazil in 2010, RecargaPay set out to provide a comprehensive and user-friendly financial services ecosystem that would be accessible even to people who do not have bank accounts,” the press release reads. The company’s goal is to “democratize access to digital financial services for millions of new users.” PYMNTS recently noted that more than 45 million adults in Brazil remain unbanked. The firm will also use the funding to further develop Prime+, its subscription program.

 

Via Pymnts

 

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BRASILIA (Reuters) – Brazil’s current account deficit in the year to January as a share of the overall economy shrank to its smallest in 13 years, official figures showed on Wednesday, thanks mainly to a decline in the primary income and services deficits in the month.

The current account deficit of 0.65% of gross domestic product in the 12 months to January was down from 0.87% the previous month and the smallest since February, 2008, central bank figures showed.

 

By Jamie McGeever via Reuters

 

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BRASILIA (Reuters) – Consumer confidence in Brazil rose in February for the first time in five months, a survey indicated on Wednesday, lifted by the start of a nationwide vaccination program against COVID-19 and prospects of the government resuming emergency income transfers to the poor.

The rise was most pronounced among consumers in the lowest income bracket, although the overall level of confidence was still below that registered at the end of last year, the Getulio Vargas Foundation’s (FGV) findings showed.

 

By Jamie McGeever via Reuters

 

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SAO PAULO, Feb 23 (Reuters) – Brazilian steelmaker CompanhiaSiderúrgica Nacional (CSN) said on Tuesday that itexpects to raise its prices by an average of 25% in the secondquarter as it moves to shrink its debt.

CSN Chief Executive Benjamin Steinbruch said in a call toanalysts that believes the steelmaker’s debt rating could beupgraded in “weeks” as the company plans to reach itsdeleveraging goal in 45 days.
By Alberto Alerigi and Paula Laier via Yahoo Finance

Twitter on Wednesday announced it is testing voice messages in direct messages (DMs) up to 140-seconds long in India.

The experiment will be rolled out in phases to the audiences, making India one of three countries to have access to the feature, alongside Brazil and Japan.

According to the company, voice messages in DMs will make it easier for people to have conversations.

 

Via Business Insider India

 

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February 22 (Renewables Now) – Brazil’s Santa Catarina State Environmental Institute (IMA) granted on Friday the preliminary environmental licence (LAP) for a 256.5-MW wind project.

The Calmon Wind Complex, as it is named, will require around BRL 1 billion (USD 185.7m/EUR 153.3m) in investments for the construction of 11 wind parks in total. Installation works will take 34 months, IMA estimates.

 

By Lucas Morais via Renewables Now

 

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DUBLIN–(BUSINESS WIRE)–The “Brazil Internet of Things Market by Platform (Device Management, Network Management and Application Management), by Component (Hardware, Services and Software), by Application, by Region, Competition, Forecast & Opportunities, 2026” report has been added to ResearchAndMarkets.com’s offering.

The Brazilian Internet of Things Market stood at USD 5.67 Billion in 2020 and is expected to grow at CAGR of 18.99% in the next five years to reach USD 16.43 Billion by 2026 on account of increase in adoption of cloud-based platforms, development of wireless networking technologies and surge in number of connected devices.

 

Via Business Wire

 

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SAO PAULO, Feb 18 (Reuters) – A group of investors led by Softbank Group has invested 450 million reais ($83 million) in Brazilian test-prep startup Descomplica, which has seen demand for its online learning services surge in the pandemic, the company said on Thursday.

Descomplica said it would use the funds to make acquisitions and develop new products, including 33 new courses by next year.

 

Via Reuters

 

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SAO PAULO, Feb 18 (Reuters) – Four Brazilian companies filed for initial public offerings on Thursday, securities filings showed, adding to a flurry of flotations expected in the coming weeks and months.

The companies are online retailer Privalia, hospital Mater Dei, biofuel company FS and financial and automotive group Rodobens.
By Aluisio Pereira via Nasdaq

Corteva Agriscience and Simbiose Agro, the largest producer of microbiological technologies in Brazil, announced today a multi-year collaboration benefiting Brazilian farmers.

Working closely together, the two companies will commercialize and develop Simbiose’s portfolio and pipeline of biostimulants and biological control solutions for crops such as sugarcane, soybeans, corn and other specialties. Additional details of the agreement were not disclosed.

 

Via Horti Daily

 

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The great technological advances of the last few decades, added to the world communication revolution with the popularisation of the internet, have resulted in an increase in data flows and the immediate transmission of information on a global scale. This scenario has allowed data to be elevated to the category of an essential economic asset, so that digitalisation has gained increasingly more space on the industrial development agenda.

Industry is extremely relevant in the Brazilian economic scenario. It currently represents 20.9% of national GDP, accounts for 70.1% of exports of goods and services, in addition to representing 72.2% of business investment in research and development (R&D) and 33% of federal taxes, not including social security revenues1.

 

By Bianca Kremer and Gustavo Piva de Andrade via Mondaq

 

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Claranet, a technology multinational focused on managed cloud services, has announced an investment of $100 million in its Brazil operation.

According to Brazilian technology site Tele.Síntese, the investment will support three aims: to continue with accelerated organic growth, which is claimed to have reached 37 per cent year on year over the past five years; to invest in improving internal performance; and to enable the acquisition of other companies in the sector.

 

By Vaughan O’Grady via Developing Telecoms

 

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February 16 (Renewables Now) – Faro Energy, a distributed solar company with global headquarters in London, and Brazilian retailer C&A Modas SA (BVMF:CEAB3) have signed a contract for the development of 2.5 MW of solar projects in Brazil.

Faro Energy plans to build two photovoltaic (PV) parks consisting of around 7,000 solar panels. The systems are expected to be up and running in the first half of 2021 and power 11 of C&A’s stores in the country’s capital Brasilia and Rio de Janeiro state.

 

By Lucas Morais via Renewables Now

 

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February 11 (Renewables Now) – Brazil’s installed solar distributed generation (DG) capacity has surpassed 4.7 GW, statistics by power sector regulator Aneel show.

The total DG capacity across the country went over 4.9 GW, as of Wednesday night, according to Aneel’s almost real-time update, with solar power being the most popular source, counting 401,199 grid-connected systems.

 

By Lucas Morais via Renewables Now

 

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Nokia is furthering its Open RAN ambitions with a new partnership with the CPQD in Brazil, aiming to co-develop new 5G use cases for the new technology. These new use cases include fixed wireless access (FWA), smart cities, IoT for Industry 4.0, and critical networks, all of which will be customised specifically to the needs of the Brazilian market.
“This important partnership will explore the potential for innovative 5G use cases that will have real-world value in Brazil across a range of different areas, such as smart cities and fixed wireless access. Our RAN Intelligent Controller will play a critical role in this research, helping to explore and trial new cutting-edge use cases that will put Brazil at the forefront in the 5G era,” said Ari Kynäslahti, Head of Technology and Strategy at Nokia Mobile Networks.
By Harry Baldock via Total Telecom

Drier weather in parts of Brazil’s Center-West allowed the 2020/2021 soybean harvest to gather momentum last week after disruptions caused by excessive rainfall, according to agribusiness consultancy AgRural.

As of Feb. 4, Brazilian farmers had managed to double the area harvested to 4%, from 2% in the previous week. Yet harvesting is still way behind historical averages for this time of the season, the consultancy said.

 

Via Hellenic Shipping News

 

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Lawmakers in Brazil have voted to grant autonomy to the central bank in a move aimed at improving the country’s reputation among international investors by removing the risk of political interference in monetary policy.

The legislation was approved by federal deputies in the lower house of Congress on Wednesday, after an almost year-long delay following the coronavirus crisis and local elections.

 

By Michael Pooler and Bryan Harris

 

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Luiza Helena Trajano, presidente do conselho do Magazine Luiza, decidiu começar o ano unindo um grupo de empresários para tirar do papel o movimento Unidos pela Vacina. Com o objetivo de imunizar todos os brasileiros contra a Covid-19 até setembro, o grupo pretende contribuir para que não haja entraves no transporte da vacina para todos os cantos do país.

A empresária conta que a ideia surgiu no final do ano passado, com a campanha de conscientização Vacina para Todos, do Grupo Mulheres do Brasil – do qual ela também é presidente. “A partir dali, tentamos entender como poderíamos ajudar e concluímos que era preciso partir para uma ação efetiva. Foi quando esse movimento passou por uma transformação. Trouxemos mais parceiros, como empresários e executivos de diferentes setores e organizações não governamentais. Assim surgiu o Unidos pela Vacina”, explica.

 

By Beatriz Calais via Forbes Brasil

 

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São Paulo – Poultry exports from Brazil slid in January 2021. Nevertheless, some of the leading Arab importers stepped up their purchases. The Brazilian Animal Protein Association (ABPA) reported 35,800 tons shipped to Saudi Arabia, up 2%, with revenue climbing 4% to USD 58.5 million year-on-year in January.

Saudi Arabia was the premier Arab importer of poultry from Brazil in January. The UAE ranked second at 21,700 tons, up 3%, fetching USD 32.8 million, down 2%.

 

Via Brazil-Arab News Agency

 

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BRASILIA, Feb 9 (Reuters) – Monthly inflation in Brazilslowed in January as a sharp fall in electricity prices draggeddown housing costs, official figures showed on Tuesday, but theannual rate of inflation remained high and significantly abovethe central bank’s year-end goal.

It was the third month in a row the benchmark annual IPCAconsumer inflation rate has been above 4%, having more thandoubled from the record low below 2% last May.

 

By Jamie McGeever via Yahoo Finance

 

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SAO PAULO (Reuters) – Brazilian biomedical institute Butantan plans to vaccinate a city’s entire adult population of about 30,000 people against COVID-19 to test whether it lowers the infection rate, institute and government officials said on Monday.

Butantan, which is overseen by the Sao Paulo state government, will carry out the mass vaccination study in Serrana, a city in the interior of the state that has a high infection rate, according to a statement and news briefing.

 

By Reuters

 

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RIO DE JANEIRO (Reuters) – A first shipment of 88 liters of active ingredients to make AstraZeneca’s COVID-19 vaccine in Brazil arrived from China on Saturday, essential input to speed the country’s troubled vaccination program.

With those supplies flown into Rio de Janeiro on a cargo plane, the Fiocruz biomedical center can begin filling and finishing 2.8 million doses. The federally funded center expects to receive more ingredients this month to make a total of 15 million shots of the vaccine developed with Oxford University.

 

By Sergio Queiroz via Reuters

 

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A Matera, empresa de desenvolvimento de tecnologia para o mercado financeiro, fintechs e gestão de riscos, realiza a live “Open Banking Intro” logo mais, às10h30, com a participação especial do Banco Central. O objetivo é reunir especialistas para esclarecer as principais características do open banking, para que seus impactos e oportunidades sejam visualizados com mais clareza. Entre os speakers, estarão Carlos Netto, CEO da Matera, João André Pereira, chefe do Departamento de Regulação do Sistema Financeiro do Banco Central, Márcio Alexandre, superintendente de governança de TI e segurança cibernética do Sicoob, e Fabiano Amaro, consultor de negócios da Matera. A mediação da conversa fica a cargo de Alexandre Pinto, diretor de inovação e novos negócios da empresa. A inscrição é gratuita.

 

Via Forbes Brazil

 

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Even if you lived in Brazil for 10 lifetimes and explored ceaselessly, you’d never see it all. What you can do though, is to try and see some of the most beautiful spots spread across the vastness. As beauty is in the eye of the beholder, and the definition of beauty varies greatly, I have chosen a mix of a little bit of every kind of beauty for you to pick and choose to visit next time you get down to Brazil.

 

By Ulrike Lemmin-Woolfrey

 

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São Paulo – Vehicle exports from Brazil were up 21.9% year on year in January, National Motor Vehicle Manufacturers Association (Anfavea) reported on Thursday (4). Car sales reached 25,000 units last month. Month on month, though, they declined by 35.8%.

The same occurred with Brazilian vehicle production in January: it climbed year on year, but slid month on month. It was down 4.6% in January, from 209,300 to 1997,700 units. Year on year, it climbed by 4.3%.

 

Via Brazil-Arab News Agency

 

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Brazilian electricity company Neoenergia is modernising its communication networks with MPLS (Multi-Protocol Label Switching).

Neoenergia is to adopt MPLS in the networks of its four distribution concessionaries, Celpe in Pernambuco state, Coelba in Bahia, Cosern in Rio Grande do Norte and Elektro in São Paulo and Mato Grosso do Sul.

 

Via Smart Energy

 

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Fort Lauderdale, Fla. January 28, 2021 – Greenspoon Marder is pleased to announce that the firm is celebrating its 40th anniversary in 2021.

Founded in 1981 with a handshake over a kitchen table between Gerald Greenspoon and Michael Marder, Greenspoon Marder today is a leading Am Law 200 law firm. The firm first opened its doors in North Miami, and has since expanded to 11 offices in Florida, and more than a dozen additional locations including New York, Los Angeles, Denver, Las Vegas, and Portland.

Greenspoon Marder first gained national attention in real estate development, resort and timeshare development, condominium conversions, and finance and transactions. The firm has grown to offer a wide array of legal services with core strengths in real estate, litigation, timeshare & resort, corporate, tax, and regulatory compliance.

 

Read full press release here

The economic toll of the coronavirus pandemic has hit especially hard in Brazil’s favelas, but the country’s 10 biggest slums now have a plan to fight back: they are launching their own bank.

Dubbed the “G10 Bank,” the new financial institution is set to open later this month, offering micro-loans to small business owners struggling to survive the pandemic and debit cards to slum-dwellers excluded from the traditional banking system.

 

By Florence Goisnard via Yahoo Finance

 

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A campanha Prefeito Presente reforça o nosso objetivo de construir um Brasil onde todas as crianças e todos os adolescentes tenham seus direitos respeitados.

Sabemos que muitas vezes o Estado* é ausente na garantia de necessidades básicas. Por isso, queremos convocar os prefeitos de todo o país a fazerem parte do Programa Prefeito Amigo da Criança, implementando ações que garantam e permitam que as crianças e os adolescentes sejam protagonistas de suas próprias histórias.

 

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BRASILIA (Reuters) – The Brazilian pharmaceutical company that will make Russia’s Sputnik V vaccine against COVID-19 expects regulatory approval for Phase III tests by this week or early next at the latest, its Chief Executive Officer Fernando Marques said on Tuesday.

Marques said the strong efficacy results from late stage trials in Russia, published on Tuesday by The Lancet – 91.6% effective against symptomatic COVID-19 – will help speed up approval in Brazil sought by his firm União Quimica.

 

By Anthony Boadle and Tatiana Bautzer via Reuters

 

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Brasília – The number of new businesses in Brazil was up 6% in 2020 from 2019, according to the annual Business Map bulleting from the Brazilian Ministry of Economy. Last year saw 3,359,750 enterprises open in Brazil. The number of companies that went out of business is 1,044,696, resulting in 2.3 million active enterprises in the country. The number of companies that ceased to exist was down 11.3%.

According to the Ministry, the number reflects government measures designed to facilitate startups amid the Covid-19 pandemic, which led many to seek an income through entrepreneurship. The majority of active enterprises in Brazil – nearly 50% – are in the states of São Paulo, Minas Gerais and Rio de Janeiro.

 

Via Brazil-Arab News Agency

 

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Today (1) the first of four phases of Brazil’s Open Banking implementation has started, as part of the country’s broader agenda of modernization of the national financial ecosystem.

The initiative, led by the Central Bank of Brazil, also aims to boost market competition and increase financial education in the Latin American country. Under the model, use of open application programming interfaces (APIs) enable third-party developers to build applications and services around the participating financial institutions, with consumer data shared with their consent.

 

By Angelica Mari via ZD Net

 

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Fitch Ratings-New York/London-01 February 2021: Brazil’s large deficit and high public debt burden underscore its continuing fiscal challenges notwithstanding last year’s somewhat better-than-expected performance, Fitch Ratings says. With general elections due in October 2022, this year is a key year to revitalize the government’s fiscal reform agenda for boosting budgetary flexibility and maintaining the credibility of the spending cap.

Data on Friday showed Brazil’s general government deficit more than doubled to 14% of GDP from about 6% in 2019. This was better than our forecast of 16.4% primarily due to under-execution of budgeted spending, which improved the central government outturn, and higher regional government surpluses. Central government revenue contracted by a nominal 10.2%, while primary spending grew 35% as Brazil implemented one of Latin America’s biggest Covid-19 support packages.

 

By Shelly Shetty and Mark Brown via Fitch Ratings

 

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Brazilian state-owned oil firm Petróleo Brasileiro (Petrobras) has made a hydrocarbon discovery in the wildcat well of block C-M-411 in the pre-salt Campos Basin offshore in Brazil’s Rio de Janeiro state.

The hydrocarbon discovery was made at the well 1-BRSA-1377-RJS, informally known as Urissanê. It is located approximately 200km from the coast and at a water depth of 2,950m.

 

Via Offshore Technology

 

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São Paulo – Brazil’s railway sector expects a BRL 30 billion (USD 6 billion) in investments. This figure is particularly due to the renewal of concessions in some important lines. “It’s actually a conservative forecast, due to the renewal of contracts,” Brazil’s National Association of Rail Carriers (ANTF) executive director Fernando Paes told ANBA.

ANTF points out that these early contract extensions only could yield around BRL 30 billion. The renewals approved by the Investment Partnership Program (PPI) are expected to increase the share of the rail sector from 15% to 31% of all transportation in the country. “On one hand, we have this schedule of contract extensions. On the other, many of these companies are publicly traded,” Paes explained on other possibilities of new investors.

 

By Thais Sousa via Brazil-Arab News Agency

 

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Editor’s Note: *Due to the current Covid-19 outbreak, international travel is discouraged at the moment – this article is meant to serve as inspiration for a future trip once the pandemic has come to an end.*

A nation rich in culture, biodiversity, and natural beauty, there’s no shortage of spectacular destinations to visit all throughout Brazil. While many visitors choose to spend time celebrating Carnival in the streets of Rio, those who wish to experience the wild side of Brazil may be interested in a trek across some of the country’s most stunning national parks. From surging rivers to colossal canyons, the natural beauty of Brazil is truly a sight to behold.

 

By Jared Ranahan via Forbes

 

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São Paulo – Brazil’s federal government announced a new National Fertilizer Plan. A decree made public early this week on the Official Gazette mandates the establishment of a work group to devise the strategy.

The Ministry of Agriculture, Livestock and Supply said the effort is intended to increase manufacturing and availability of domestically made fertilizer, to minimize reliance on imported product, and to add competitiveness to Brazilian agribusiness products in international markets. According to the Ministry, Brazil relies on imports for some 60% of its fertilizer needs.

 

Via Brazil-Arab News Agency

 

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The Brazilian Animal Protein Association (ABPA) forecast estimates a domestic per capita consumption of 47 kilos, up 4.4% from in 2020 (45 kilos), but on the export front, no numbers are stated. However, the United States Department of Agriculture (USDA) estimates a year-on-year increase of 2.1% in Brazilian exports compared 2020. Last year, Brazil exported 4,23 million tonnes of chicken meat.

 

By Daniel Azevedo via Poultry World

 

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São Paulo – Brazil ran a USD 6.1 billion surplus in trade with the Arab League in 2020. The surplus is the difference between exports and imports. The result accounts for 12.2% of the USD 50 billion all-time record surplus Brazil reached throughout the year. It’s also a 16.2% increase from the surplus reached in Brazil-Arab League trade in 2019, as per figures from the Arab Brazilian Chamber of Commerce(ABCC).

The entity reports that Brazil’s exports to the bloc of 22 countries in the Middle East and North Africa (MENA) generated USD 11.47 billion in revenue, down 6.3% from 2019. The decline, however, was lower than in other relevant trade partnerships, such as the United States (-23.7%) and Mercosur (-17.7%).

 

Via Brazil-Arab News Agency

 

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January 26 (Renewables Now) – Brazil’s competition regulator CADE has okayed the acquisition of a 158.5-MW wind portfolio by local power producer AES Brasil (B3:TIET11), formerly AES Tiete Energia SA.

The deal, approved without restrictions, is valued at BRL 806 million (USD 147.4m/EUR 121.4m), including BRL 277 million of net debt, AES Brasil said previously.

 

By Lucas Morais via Renewables Now

 

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SINGAPORE, Jan 25 (Reuters) – Shopee, the e-commerce arm of Southeast Asia’s Sea Ltd, is scaling up its operations in Brazil and evaluating the long-term potential of Latin American markets, according to two people with knowledge of the matter.

Shopee, the largest e-commerce platform in Southeast Asia according to market researchers, launched a small presence in Brazil in late 2019 as a pilot initiative of its cross-border team.

 

By Fanny Potkin via Yahoo Finance

 

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BRASILIA, Jan 25 (Reuters) – The outlook for Brazilian interest rates over the next two years rose to their highest in many months, a central bank survey of economists showed on Monday, following the bank’s decision last week to drop its ‘forward guidance’ pledge to keep them low for a long time.

The average forecast of the benchmark Selic rate at the end of this year rose to 3.50% from 3.25%, and the end-2022 forecast rose to 5.00% from 4.75%, according to the latest weekly ‘FOCUS’ survey of around 100 economists.

 

By Jamie McGeever via Yahoo Finance

 

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Renewables company Engie has signed a contract with Siemens Gamesa to supply supply turbines for a wind farm in Brazil.

Under the contract, the company will supply 70 of its SG 5.8-170 turbines with OptimaFlex technology. These will generate energy at the 434MW Santo Agostinho wind farm in north-east Rio Grande do Norte.

 

Via Power Technology

 

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Senators are likely to consider a new round of financial help for vulnerable Brazilians as soon as a new head of the upper house is elected in February, with one of the candidates for the job defending an urgent discussion about the theme and another saying she wouldn’t oppose the idea either.

Senator Rodrigo Pacheco, the front-runner in the race, on Wednesday said that if elected he would immediately start a discussion about what to do with this “part of the population living in extreme poverty, whose situation was aggravated by the pandemic.”

 

By Samy Adghirni and Simone Preissler Iglesias

 

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Leonardo de Azevedo decided to move to the countryside with his wife and two small children in May. The family ended up in a rural area, Lumiar, near the city of Nova Friburgo, about 150km (93mi) from the Brazilian city of Rio de Janeiro, where Azevedo works in the public prosecutor’s office. The idea was to get closer to nature, allow the children more freedom and seek greater security against the pandemic.

But the region had no broadband internet, leaving him dependent on mobile internet that came with speed and data limits. And, when his son had an accident and had to go to A&E, “we found out that in Nova Friburgo no service accepted our health plan”; they were forced to travel back to Rio de Janeiro for treatment.

 

By Raphael Tsavkko Garcia via BBC

 

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The Brazilian government estimates that more than 60% of the country’s connected population – about 84 million people – is using digital citizen services.

The latest numbers from the Digital Government Secretariat (DGS) at the Ministry of Economy are based on research from the National Internet Steering Committee, which estimates that currently 134 million Brazilians have access to the Internet.

 

By Angelica Mari via ZD Net

 

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Brazil’s stock market is gearing up for another rush of flotations in 2021, after an army of new investors helped spur the strongest year for initial public offerings in more than a decade.

An iron ore miner, a crematorium operator and an online furniture seller are among a list of 41 companies that have announced their intention to debut on São Paulo’s B3 exchange, which in spite of the Covid-19 pandemic chalked up 28 IPOs last year — the biggest number since 2007’s all-time record of 64.

 

By Michael Pooler via Financial Times

 

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January 20 (Renewables Now) – Brazil’s National Development Bank (BNDES) has approved financing of BRL 941.6 million (USD 177m/EUR 146m) for the construction of a 40-MW biomass power plant and several upgrades planned by Grupo Sao Martinho SA (BVMF:SMTO3).

Named UTE Sao Martinho Bioenergia, the new biomass plant will use sugarcane bagasse as fuel. Located in the municipality of Pradopolis, Sao Paulo state, Sao Martinho should be able to generate some 210,000 MWh per year.

 

By Lucas Morais via Renewables Now

 

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January 20 (Renewables Now) – Brazil, the world’s second-largest producer of hydroelectric power, has an energy problem. While hydropower accounted for 70% of the country’s electricity generation in 2018, its primary source of renewable power is becoming less effective than it once was. Brazil needs to urgently diversify its energy mix to counter the power outages that are becoming a feature of daily life.

 

By Jamie MacDonald-Murray via Renewables Now

 

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January 19 (Renewables Now) – Brazilian solar energy firm Solarian Energy announced recently it has commenced the commercial operation of a 4.9-MW solar plant in Sao Paulo state.

The UFV Salto de Pirapora II, as the photovoltaic (PV) plant is named, is the company’s first to use solar trackers. It required an investment of BRL 17 million (USD 3.2m/EUR 2.6m) made in partnership with an unnamed foreign fund.

 

By Lucas Morais via Renewables Now

 

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São Paulo – Brazilian health regulator Anvisa approved emergency use of CoronaVac and the Oxford vaccine in Brazil. The first is produced by São Paulo’s Butantan medical center that is partnered with China’s Sinovac, while the latter was developed by AstraZeneca and the Oxford University with federally funded Fiocruz institute.

The decision was disclosed on Sunday (17) and, minutes later, Monica Calazans (pictured above), a nurse in São Paulo’s Emílio Ribas infectology hospital, became the first person to be inoculated in the country, receiving the Butantan’s vaccine, the Federal Nursing Service Council reported.

 

Via Brazil-Arab News Agency

 

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New Delhi: Brazil is all set to become the first country in the world that will receive two million doses of Covishield from India next week that will be flown directly from Mumbai to Rio de Janeiro via a special flight, ThePrint has learnt.

The Jair Bolsonaro administration will be procuring the vaccine at a “special rate” under a deal that was finalised between the Brazilian government and Pune’s Serum Institute of India (SII) earlier this month, diplomatic sources told ThePrint. SII has manufactured the Oxford-AstraZeneca’s Covid-19 vaccine in India.

 

By Nayanima Basu via The Print

 

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SAO PAULO, Jan 14 (Reuters) – Brazilian bank Banco BTG Pactual SA plans to raise at least 2 billion reais ($377 million) in a share offering, a securities filing showed on Thursday.

The bank will sell 22,222,222 new shares, comprising one common share and two preferred shares, in the follow-on. It may raise the offering by 25% depending on demand.

 

By Carolina Mandl via Yahoo Finance

 

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Nordex has obtained the accreditation in Brazil for the N163/5.X wind turbine model from National Bank for Economic and Social Development (BNDES).

Wind farm developers in Brazil will be able to purchase N163/5.X wind turbines using the credit line known as FINAME, as well as other similar financing lines that use the BNDES accreditation system to define local content.

 

Via Renews.Biz

 

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Sea freight on the China-Brazil route has soared and reached an unprecedented US$ 10,000 per TEU, according to importers and shipping companies operating in the port of Santos.

”It is a record high; I had never seen freight reach that amount,” said Luigi Ferrini, Senior Vice President of Hapag-Lloyd in Brazil. A year ago, the cost of this same route was in the range of US$ 2,000 per TEU.

 

Via Hellenic Shipping News

 

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DUBLIN, Jan. 11, 2021 /PRNewswire/ — The “The Brazilian Food Delivery Market, 2020: A Benchmark of the Top 8 Companies” report has been added to ResearchAndMarkets.com’s offering.

Brazil’s digital transformation has been greatly accelerated by the COVID-19 pandemic, resulting in several types of solutions being launched into the food delivery market. The increasing use of smartphones and new technologies across various regions of the country, including small cities with few resources, has made food delivery services a routine element of the Brazilian lifestyle.

 

Via Cision PR Newswire

 

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It is now time for foreign private issuers (FPIs) to prepare their annual reports on Form 20-F. For companies with a calendar year-end, the Form 20-F must be filed with the U.S. Securities and Exchange Commission (the SEC) by April 30, 2021.

To help you with the preparation of this filing, consider the following recent developments, trends and topics that may be areas of focus of the SEC during the 2021 review process.

Read full article here.

On December 30, 2020, the National Energy Policy Council (“CNPE”)  published Resolution No. 14/2020 (“Resolution No. 14”), which establishes guidelines for the marketing of biodiesel in the national territory and provides for other measures.

Resolution No. 14 establishes that all biofuel necessary to comply with the mandatory percentage set forth by Law No. 13,033/2014 must be contracted by means of a marketing model, replacing the public auctions. The National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) shall be responsible for regulating the biodiesel marketing model, which became effective January 1, 2020.

 

São Paulo – Brazil’s industrial output climbed for the seventh month in a row, up 1.2% in November from October 2020. But year to date through November, it was down by 5.5%. In the twelve months through November, it declined by 5.2%. Despite the recent positive outcomes, industrial output is down 13.9% from the peak in May 2011.

Figures from the Monthly Industrial Survey made public on Friday (8) in Rio de Janeiro by statistic agency IBGE shows that the industry was up 2.8% from November 2019.

 

Via Brazil-Arab News Agency

 

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Dear Friend of the Firm,

We are pleased to inform you of the inauguration of our firm’s Family Law and Wealth Planning practice area.

Heading the practice area are our new partners Daniella Almeida and Felipe Ragusa, who departed from the much lauded São Paulo Family Law and Wealth Planning law firm Laiz Amaral de Andrade Advogados to join Almeida Advogados.

 

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MadeiraMadeira, the Brazilian answer to Wayfair or Ikea, is now worth $1 billion after raising $190 million in late stage financing from investors led by SoftBank’s Latin American investment fund and the Brazilian public and private investment firm, Dynamo.

An online marketplace specializing in home products, MadeiraMadeira offers roughly 300,000 products so customers can build, furnish, renovate and decorate their homes.

 

By Jonathan Schieber via Tech Crunch

 

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Although the rollout of the COVID-19 vaccines may be more important to certain employers (such as those in health care), employers in all  industries should monitor the development of the Government’s vaccine roll-out program, as the vaccine concerns public health. In this Legal Update, we answer some of the questions that employers may have.

 

By Aline Fidelis and Vinicius Rodrigues de Castro via Mondaq

 

Read full article here

BRASILIA, Jan 6 (Reuters) – Brazil’s services sector expanded in December for a fourth straight month and at a slightly faster pace than the month before, a purchasing managers’ survey showed on Wednesday, although underlying data painted a more mixed picture.

Services have lagged manufacturing and industry in the rebound from the COVID-19 crisis but have recently shown signs that the bounceback is underway, a view strengthened by hopes a vaccine will soon be available.

 

By Jamie McGeever via Reuters India

 

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January 5 (Renewables Now) – Brazilian power sector watchdog Aneel has given the green light to the start of commercial operations of 260 MW of wind parks owned by local units of Italian firm Enel Green Power SpA.

Aneel’s approval allows the company to generate power from the EOL Ventos de Santa Angela 6, 7, 8, 9, 10, 11 and 14 parks. These plants are situated in the cities of Queimada Nova and Lagoa do Barro, Piaui state.

 

By Lucas Morais via Renewables Now

 

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Act digital is a Brazilian digital transformation company counting 1,700+ devs, architects, designers that serve U.S. clients. They specialize in helping companies to create digital solutions from an idea or vision to business reality in record time by leveraging their return on experience on digital development.

They simplify complexity as they believe digital should bring simplicity and technology should be affordable.

Learn more here.

“With the financial problems of our competitors, Aldo became the largest PV product distributor in Brazil this year”, said the president of Brazil’s largest PV product distributor and system integrator, Aldo Pereira Teixeira, in an interview with pv magazine. “Currently, our market share is around 35 to 36 percent.”

Aldo currently focuses on the sale of residential, commercial, and industrial photovoltaic systems and only 3 percent of the company’s revenue is concentrated on projects with a power greater than 1 MW, in which remote self-consumption is a priority. The situation of distributed generation in Brazil is still very promising, Pereira Teixeira added. “Brazil has 89 million consumer units and only 330,000 photovoltaic systems connected to the grid; we have a huge space to keep growing.”

 

By Emiliano Bellini via pv magazine

 

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BRASILIA/RIO DE JANEIRO (Reuters) -Brazil made a diplomatic push on Monday to guarantee an Indian-made shipment of British drugmaker AstraZeneca’s COVID-19 vaccine, hoping to avoid export restrictions that could delay immunizations during the world’s second-deadliest outbreak.

In parallel, Brazil’s private clinics struck a preliminary deal for an alternative injection made by India’s Bharat Biotech despite a lack of public results from late-stage trials.

 

By Ricardo Brito and Pedro Fonseca via Reuters

 

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An agreement has been signed between Brazil and the UK to accelerate digital transformation and innovation in public services delivery in the Latin American country.

Under the memorandum of understanding signed on December 29 by Acting British Ambassador to Brazil Liz Davidson and Brazilian digital secretary Luis Felipe Monteiro, the countries will be working together until March 2023.

 

By Angelica Mari via ZD Net

 

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Amazon’s mission is to be Earth’s most customer-centric company. They are guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking.

The customer is at the heart of everything they do. Amazon is a place where smart, passionate people obsess over customers and innovate on their behalf.

Although their business has evolved over the years, one constant is customers’ desire for lower prices, better selection, and convenient services. Today, Amazon shoppers can find what they’re looking for online and in person. From delivering fresh produce to their doorstep, to creating and distributing movies, music, and more, they are always finding new ways to delight their customers. They operate a lot like a set of startups, embracing invention and creating stores, devices, and services that their customers will use, share, and love.

Learn more here.

December 22 (Renewables Now) – China Energy Engineering Corp (HKG:3996), also know as CEEC, announced on Monday that one of its units has secured two contracts to build 869 MW of renewable power plants in Brazil.

The deal concerns a 231-MW wind farm and a 638-MW solar photovoltaic (PV) park, both to be built in Rio Grande do Norte state. The two engineering, procurement and construction (EPC) contracts were secured by China Gezhouba Group International Engineering Co Ltd.

 

By Lucas Morais via Renewables Now

 

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For quite some time, Brazil has garnered the right ingredients for a robust natural gas market: a large population underpinning rising energy demand, sizable reserves and a market hungry for diversification of energy sources. However, the gas market remains small compared to its vast resource base and demand potential. It is also highly concentrated.

 

By Liliana Diaz via Mondaq

 

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The Brazilian Development Bank (BNDES) has announced the winner of the tender for the modeling the process relating to the privatization of two of the country’s largest state-owned technology companies.

The Social Security Technology and Information Company (Dataprev) and the Federal Data Processing Service (Serpro), – companies accountable for the development, maintenance, and operations of thousands of government systems as well as major data-related government strategy and projects – will be sold in 2021.

 

By Angelica Mari via ZD Net

 

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Brazilians traveling abroad will have to present a negative Covid-19 test to the airline when embarking back to the country.

The test must be taken within 72 hours prior to departure. Foreigners traveling to Brazil are subject to the same rule, which becomes effective as of December 30 this year and can disrupt the trip of those who have planned holidays abroad.

 

By Fernanda Mena via Folha de S. Paulo

 

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Brazil is a strategic player in the global market and the most influential country in Latin America. The country is said to have the largest online population in Latin America, with 150mn Brazilians connected and 68% owning a smartphone. It is also the largest FinTech hub in Latin America, which is driven by strong growth in the digital banking segments.

According to Global Index database, there are about 48mn unbanked Brazilians. This part of the population moves nearly 204bn USD of the country’s economy per year. The articles list 5 FinTechs disrupting the financial space in Brazil.

 

By Pavithra R via IBS Intelligence

 

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São Paulo – Beef exports from Brazil are set to end the year of 2020 at a new record high in volume and revenue, the Brazilian Beef Exporters Association (ABIEC) forecasts.

The organization forecasts that the volumes shipped from January to December will reach 2.02 million tonnes, up 8.8% from a year ago. Revenues should reach USD8.53 billion by the end of the year, up 11.8% year on year.

 

By Bruna Garcia Fonseca via Brazil-Arab News Agency

 

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McClennan Masson helps large organizations innovate like digital startups. As an end-to-end digital product firm, they unlock viability, define and build best-in-class digital products and services that provide better experiences for consumers, customers, and employees.

Their digital innovation and development firm three components: Consultancy, Venture & Original Products. Each feeds and informs the other in a powerful virtuous circle of network, experience, funding, brand, craft, and talent.

Learn more here.

Globally, affluent professionals are adopting a work-from-home lifestyle and affecting a mini-coronavirus exodus from dense urban centers. Brazil has the second-highest number of COVID-19 fatalities after the U.S., while the luxury real estate market is experiencing an unexpected boom.

In Rio de Janeiro’s exclusive neighborhood of Joa, real estate buyers are clamoring for the spectacular views overlooking the Atlantic Ocean.

 

By Lucreia Franco via CGTN

 

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Fitch Ratings-Sao Paulo-17 December 2020: Fitch Ratings’ sector outlook for asset managers in Brazil is stable, as is the Rating Outlook. The agency highlights the return to growth amid shifting investor needs and uncertainties after the crisis caused by the coronavirus pandemic. The inflows have been propelled by the decline in benchmark interest rates to a historical low of 2.0%, driving strong demand for more sophisticated investment strategies, such as equity and multimarket. Fitch expects these dynamics to remain in place during 2021, despite ongoing concerns related to the government’s fiscal condition and the global pandemic.

 

By Pedro Gomes via Fitch Ratings

 

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(CNN)Brazil’s Ministry of Health on Wednesday announced its national vaccination rollout plan to counter Covid-19, set to start early next year.

During a ceremony at the Planalto Palace in Brasilia, with President Jair Bolsonaro in attendance, the country’s Health Minister Eduardo Pazuello gave what he called a “macro-view” of the strategy to vaccinate Brazilians. ANVISA, Brazil’s health regulatory agency, has yet to officially authorize the use of any Covid-19 vaccine in Brazil.
By Tatiana Arias and Florencia Trucco via CNN

SÃO PAULO, Brazil, Dec. 09, 2020 (GLOBE NEWSWIRE) — Many enterprises in Brazil responded to the COVID-19 crisis this year by accelerating digital transformation projects, creating new opportunities for service providers that help companies plan and implement these efforts, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2020 ISG Provider Lens Digital Business – Solutions and Service Partners report for Brazil found the pandemic and associated lockdowns left many industry segments struggling to survive in the first months of 2020. Rapidly emerging trends in response to the crisis, such as consumer adoption of online shopping and internet banking, and workplace adoption of video conferencing and collaboration platforms, led companies to carry out in a few months what would have been years-long digitization projects.

 

Via GlobeNewsWire

 

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December 16 (Renewables Now) – Brazil’s National Development Bank (BNDES) has approved a BRL-191-million (USD 37.5m/EUR 30.8m) loan to support the construction of the 90-MW Pedranopolis photovoltaic (PV) complex owned by Spain’s Powertis SA.

Located in Sao Paulo state, the PV complex consists of three solar parks scheduled to commence operations in December 2021. Once operational, Pedranopolis will be able to generate enough power to meet the demand of 125,000 homes.

 

By Lucas Morais via Renewables Now

 

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After much anticipation, Pix – Brazil’s instant payments platform developed by the Central Bank of Brazil – has gone live for the entire Brazilian population. The new payment method allows immediate money transfer, 24 hours a day, 7 days a week, including weekends and holidays.

By the 3rd  of December, the Central Bank of Brazil had registered over 100 million Pix keys. Now, 60% of Brazilians already prefer Pix over TED (Express Wire Transfer) and DOCs (Credit Transfer Document), according to a research carried out by C6 Bank and IBOPEdtm. Further, 91% already know about Pix and find the new payment method safe.

 

By Ralf Germer via Paypers

 

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December 15 (Renewables Now) – The Brazilian green power unit of Italian energy major Enel SpA (BIT:ENEL) said on Monday it has initiated construction works on 1.3 GW of renewable energy plants in the Northeastern region of Brazil.

Enel Green Power Brasil Participacoes Ltda (EGPB) is building four wind farms and one solar plant at a total cost of about BRL 5.6 billion (USD 1bn/EUR 901m).

 

By Lucas Morais via Renewables Now

 

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Farm Rio is on a quest to become among the handful of Brazilian clothing and footwear brands to go global like Havaianas flip flops.

To do it, the 23-year-old label, known for its bold, fun prints with tropical motifs, is manufacturing abroad, using collaborations with popular global brands like Levi’s to build awareness and leaning into its Brazilian heritage of colour and bold, tropical prints. A unit of publicly traded Grupo Soma, Farm Rio is making inroads at top global department stores from Neiman Marcus to Saks Fifth Avenue and its Farm Rio’s flagship New York store beat sales predictions by over 50 per cent. Farm Rio revenues outside Brazil jumped 217 per cent to 63.4 million reais ($12.5 million) in the first nine months of 2020, with domestic revenues of $69.8 million.

By Christiana Sciaudone via Vogue Business

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The Brazilian state-owned National Supply Company, or Conab, forecasts that the forthcoming harvest of grain in Brazil will amount to 265.9 million tonnes, 3.5 percent more than the last harvest and the most on record, Xinhua reports.

The Chinese government-run news agency says Conab attributes the growth it forecasts to more land being cultivated, and greater productivity.

 

Via Macau Hub

 

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The Brazilian economy could benefit from a boost of up to 4.2% within the next decade if companies and governments promote large-scale adoption of artificial intelligence, according to a new study by consulting firm FrontierView commissioned by Microsoft.

The potential of GDP increase of more than four percentage points is the most optimistic scenario set out in the reseach, whereby AI use goes beyond automation and is used to create highly skills jobs, drive productivity and economic growth.

 

By Angelica Mari via ZD Net

 

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Hydro has signed two Memorandums of Understanding (MoUs) with the aim to develop two renewable power projects in Brazil.

Renewable energy is an important step towards a more sustainable future, and it is a key element in Hydro’s strategic agenda. These agreements are an important step for Hydro’s newly established Renewable Growth unit, which targets to offer competitive renewable power to Hydro’s industrial assets by taking equity and operator positions in wind, solar and hydropower projects in Brazil and the Nordics.

 

By Nadine Blossom via Aluminum International Today

 

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On behalf of the Board of Directors of the Brazilian-American Chamber of Commerce, we regretfully inform you of the passing, on December 10, 2020 at the age of 82, of Joseph Safra, Lebanese-Brazilian banker who ran the Brazilian banking and investment empire Safra Group, and longtime Chamber affiliate.  The Safra family has been a great supporter of the Chamber since its inception in 1969, and Mr. Safra’s dialogue with the Chamber strengthened ties between Brazil and the United States and furthered our mission of promoting trade and investment between the two nations.

Born in Beirut, Lebanon to a Sephardic Jewish family with banking connections, Mr. Safra moved to Brazil in 1952.  In 1955, his brother Edmond and father Jacob started financing assets in São Paulo.  That same year, Mr. Safra founded Banco Safra, and went on to serve as Chairman of all Safra companies, offering banking services throughout North America, South America, and Europe.  He was credited with making Banco Safra one of Brazil’s soundest banks and today, the sixth largest private bank in Brazil.  As Brazil’s richest man and, for many years, the world’s wealthiest banker, he also spent much of his time funding health, education, and charity projects.

Mr. Safra is survived by his wife, Vicky Sarfati, and their four children – Jacob, Esther (and spouse Carlos Dayan), Alberto, and David.  More information on Mr. Safra’s great life and career can be found here:

https://www.reuters.com/article/people-safra-obituary-idUSL1N2IQ0YQ

São Paulo – Year-to-date through November 2020, Arab countries stepped up their imports of Brazilian coffee more than any other continent or economic bloc. Those countries imported 1.89 million 60-kg bags of coffee, up 12.9% year-over-year. Foreign exchange revenue came out to USD 192.7 million, marginally down 0.3%. The numbers were made public this Wednesday (9) by the Brazilian Coffee Exporters Council (Cecafé).

Total exports from Brazil amounted to 39.8 million bags of coffee, up 5.7% from a year ago, with foreign exchange revenue climbing 6.7%, to USD 5 billion. Average price per bag increased by 1% to USD 126.45.

 

Via Brazil-Arab News Agency

 

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Brazil is providing one of the few bright spots for oil demand outside of Asia with the coronavirus continuing to ravage the U.S. and Europe.

Fuel consumption in Latin America’s largest economy has already surpassed pre-virus levels and is expected to be stronger than 2019 going into next year on the back of robust agricultural demand and more driving.

 

By Lucia Kassai via Bloomberg

 

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The White House Coronavirus Task Force has recommended to President Donald Trump that the United States begin allowing travelers into the country from Brazil, the United Kingdom and the 27 countries in the European Union, according to two officials involved in the discussions.

If Trump signs off on the policy proposal, it would reverse bans on inbound travel for U.S. allies put into place at the beginning of the pandemic as the virus surged overseas. Travel from China and Iran, two of the earliest hotspots for the virus and from which travel was restricted in January and February, would not be relaxed, according to these officials.

 

By Kayla Tausche via CNBC

 

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São Paulo – Footwear exports from Brazil were up 13.8% year-on-year in November to 9.55 million pairs, the Brazilian Footwear Industry Association (Abicalçados) reported this Tuesday (8). Revenue was down 23.8% to USD 53.4 million.

Flip flop exports soared by 52% year-on-year. ANBA had anticipated this trend in an article last September.

 

Via Brazil-Arab News Agency

 

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São Paulo – Year to date through November, beef exports from Brazil reached 14,848,067 tonnes, up 9% from a year ago, and USD7.7 billion, up 14%, the Brazilian Meat Packers Association (Abrafrigo) reported quoting the Brazilian Ministry of Economy’s Foreign Trade Secretariat figures.

According to the association, the Chinese imports in November compared to October helped keeping the 2020 growth forecast close to 10% in volume and around 15% in revenue. In volume terms, China bought 1,071,273 tonnes year to date through November, up 31% from 2019. In revenue, the Chinese market accounted for 57.9% of beef exports from Brazil, from 43.2% in 2019.

 

Via Brazil-Arab News Agency

 

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If you thought that coworking was a non-starter during a pandemic, think again. Eureka Coworking is a Brazilian-based startup bringing people back to their offices with a commitment to safety, flexibility, and sustainability. Headquartered in São Paulo, Brazil, Eureka Coworking has offices in that city and its environs, as well branches in Portugal. Location has become even more important with the pandemic.

“This is the perfect moment for us because most people lack sufficient space to work at home in a professional manner, and our locations nearby bike lanes and within walking distance of neighborhoods help people who want to ride bicycles or walk to work,” said Daniel Moral, co-founder and CEO of Eureka Coworking. “We talked with our clients and decided to open together using safety measures.”

 

By Susan Galer via Forbes

 

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São Paulo – Brazil’s Gross Domestic Product (GDP) numbers show that the economy is reacting to incentives such as the emergency aid program, said Ecio de Farias Costa, a professor at the Federal University of Pernambuco (UFPE), in an interview over the phone with ANBA. Brazil’s Q3 GDP was up 7.7% from Q2 to BRL 1.891 trillion (USD 364,5 bn), the Brazilian Institute of Geography and Statistics (IBGE) reported this Thursday (3).

Emergency aid was made available in April by the federal government to citizens deemed most vulnerable to the economic crisis triggered by the novel coronavirus – those unemployed or whose monthly per capita household income fell short of half a minimum wage. Aid was supplied in instalments of BRL 600 (USD 115), or BRL 1,200 (USD 230) for women-led households. By September, the aid was extended through December 31, in just four instalments of BRL 300 (USD 57), and double that amount for single-mother families. For these latter instalments, however, the criterion changed, and not everyone was able to get the cash.

 

By Thais Sousa via Brazil-Arab News Agency

 

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The 2020s will be a key decade for Brazil, not only for oil and gas projects, but for the energy sector in general, as pre-salt production continues to soar to new highs and operators begin a gradual shift to cleaner energy sources.

“Next year will be huge, not only for Brazil’s deep-water and offshore plays, but as Brazil also moves to unlock the onshore,” Genesis Energies South America general manager Rodolpho Athayde told Upstream’s recent Brazil Oil & Gas digital event.

By Fabio Palmigiani via Upstream

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SAO PAULO (Reuters) – São Paulo’s Butantan Institute biomedical center on Thursday received 1 million doses of a Chinese COVID-19 vaccine developed by Sinovac Biotech Ltd that is undergoing late-stage testing by the institute at 16 locations in Brazil.

The consignment of CoronaVac vaccine will be packaged and labeled at Butantan’s facilities pending regulatory approval. Butantan said it expected Sinovac to publish efficacy results from its vaccine trials by Dec. 15.

 

Via Reuters

 

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BRASILIA, Dec 3 (Reuters) – Brazil’s services sector expanded in November for a third straight month but at a slower pace than the month before, a purchasing managers’ survey showed on Thursday, as worries over a second wave of the coronavirus cooled the recent recovery.

Services have lagged manufacturing and industry in the rebound from the COVID-19 crisis but had recently shown signs – particularly in job growth – that the bounceback was finally underway.

 

By Jamie McGeever via Reuters

 

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We are pleased to announce that as of January 2021 we will be the first major Brazilian law firm to have a physical presence in Canada, with the opening of our Toronto office. This initiative is part of Cescon Barrieu’s growth and expansion strategy, as we celebrate our 20th anniversary in January 2021.

“We are excited to open the Toronto office, our first office outside Brazil,” said Cescon Barrieu Managing Partner Joaquim Oliveira. “Canadian companies have been a significant part of our cross-border work since our firm was formed almost twenty years ago.

Our Toronto office will enhance our ability to provide the best possible legal services to our Canadian clients with interests in Brazil.” Our Toronto office will be headed by Frederico Marques, who has been living and working in Canada for almost 15 years. Frederico led McCarthy Tetrault’s Latin American practice over the past seven years.

From the outset, our Canada Desk will have a multidisciplinary team comprised of a group of nearly 20 partners and associates, including by Marcos FleschAna Carolina Passos and Ana Paula Calil in Corporate/M&A and Capital Markets, Frederico Viana and Marcelo Mendo in Mining and Environmental law, Helena Abdo in Arbitration and Litigation, and Luciano Souza in Compliance and Government relations.

The integrated practices between our offices in Brazil and Canada will initially be focused on business opportunities in Mining, Infrastructure, Energy and Renewables, Oil and Gas, ESG, Technology & Fintech, and Medical Cannabis.

 

Brazil’s health regulator Anvisa said on Wednesday it was open to approving COVID-19 vaccines for emergency use and outlined the requirements for companies looking to do so.

Anvisa said authorizations would be analyzed on a case-by-case basis and that to be considered the vaccine must be in late-stage trials in Brazil. It said no requests had been received so far.

 

Via Merco Press

 

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NEW YORK and SAO PAULO, Dec. 1, 2020 /PRNewswire/ — Nubank and Chubb today announced the launch of a fully digital life insurance offering in Brazil. With the introduction of Nubank Vida, the largest independent digital bank in the world enters the insurance market with a fast, seamless and personalized capability available to its 30 million customers across Brazil. Nubank Vida is underwritten by Chubb, the world’s largest publicly traded property and casualty insurer with operations in 54 countries and territories. Nubank Vida was developed using the integration capabilities of Chubb Studio, the global digital product distribution platform announced by Chubb in September.

The Nubank life insurance offer is fully customized to allow the customer to enjoy a seamless experience where quotes, bill payment and account management are all transacted digitally. Basic coverage includes natural or accidental death and funeral assistance, as well as living benefits covering hospitalization for accident, disability for accident and funeral assistance for family members.

 

Via Cision PR Newswire

 

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Vestas wins 534 MW order in Brazil to extend Casa dos Ventos’ wind farm and make it the largest wind power project in Latin America.

Casa dos Ventos, one of the pioneers and largest investors in the development of wind energy projects in Brazil, has placed a 534 MW order for the second stage of the of the Rio do Vento complex, located in the state of Rio Grande do Norte in Brazil. The extension will add to the 504 MW first phase of the project that is currently under construction, and the combined complex of more than 1 GW will be the largest wind farm in Latin America to date.

 

Via Reve

 

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In February 2018, the OECD and Brazil started a joint project to analyze the similarities and differences between Brazilian legislation and the transfer pricing (“TP”) frameworks to assess cross-border transactions between associated enterprises from a tax standpoint. This project is within the scope of Brazil’s initiative to engage with the OECD in tax-related projects, and, in a broader respects, consistent with Brazil’s interest in initiating the process to join the OECD.

Stages of the Project

The project had three stages:

  • Stage 1: preliminary analysis of the legal and administrative framework of Brazil’s transfer pricing rules;
  • Stage 2: assessment of the strengths and weaknesses of Brazil’s existing transfer pricing rules and administrative practices; and
  • Stage 3: options for alignment with the OECD transfer pricing standard.

 

By Ivan Tauil and Thais Rodrigues via Mondaq

 

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In brief

In July 2020, Brazil’s New Sanitation Legal Framework was approved. It aims at the universalization of sanitation and water supply in Brazil by 2033 by attracting investment of USD128 billion. The new regulatory framework is expected to transform the nation’s water and sanitation sector, creating a business environment with more competition and legal certainty, and fostering domestic and foreign private investment in the sector.

Introduction

On July 15, 2020, Brazilian President, Jair Bolsonaro, sanctioned Federal Law No. 14.026/2020, also called as Brazil’s New Sanitation Legal Framework. This new regulation had been awaited with great anticipation and promises to change the way water and sanitation services are provided in the country by bringing more stability and legal certainty and enabling domestic and foreign private investment in the sector.

 

By DLA Piper via Lexology

 

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The Brazilian government has announced a facial recognition trial with retired public servants to support the process of periodic verification that the beneficiary is alive in order to continue receiving of benefits.

The trial underpinning the process will be carried out with 10,000 retired federal civil servants and pensioners and the participants will be able to follow the process through a people management mobile app developed for federal government staff. If the pilot is successful, the functionality will be extended to 700,000 people.

 

By Angelica Mari via ZD Net

 

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Brazilian digital insurance company Pier is now issuing its own policies following a $14.5 million Series A round of funding.

The company started with insurance for auto and smartphones and that provides coverage without a grace period or deductible costs and that can be contracted entirely online, Igor Mascarenhas, co-founder and CEO, told Crunchbase News.

 

By Christine Hall via CrunchBase

 

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Economy Minister Paulo Guedes lauded the economic boost from Brazil’s policy mix of low interest rates and a weak exchange rate, forecasting that exports to China will reach $100 billion a year within a decade.

In two online live events, Guedes also reiterated his view that the economy is undergoing a “V-shaped” recovery and creating jobs, and said the government’s economic reform program will accelerate once this month’s local elections are done.

 

By Jamie McGeever and Marcela Ayres via Hellenic Shipping News

 

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Brazil’s economy probably rebounded at a record quarterly pace in July-September and was on track for a better start to 2021 than previously thought, as businesses and households recovered from the first surge in COVID-19 cases.

But on a year-ago basis, gross domestic product (GDP) in Latin America’s No. 1 economy is still expected to shrink, as well as in the current quarter and modestly in the first three months of 2021, marking five straight quarters of contraction.

 

Via Merco Press

 

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November 24 (Renewables Now) – Canadian Solar Inc (NASDAQ:CSIQ) has recently signed power purchase agreements (PPAs) covering 862 MWp of new solar capacity in Brazil.

The first contract was sealed with Brazilian investment bank and energy trader Banco BTG Pactual SA (B3:BPAC11). Under its terms, Canadian Solar will supply electricity from a 170-MWp cluster of projects located in Minas Gerais state for a 12-year period.

 

By Lucas Morais via Renewables Now

 

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In the tropical forest surrounding Alter do Chão, a Brazilian town located on a languid stretch of the Amazon River and home to what is considered one of the most beautiful freshwater beaches in the world, monkeys, macaws, agoutis and armadillos co-habit in relative harmony.

About 33 kilometers west of the city of Santarém in Pará state, life’s slow pace in the village has long been a draw for weekend trippers and foreign tourists alike. But Alter do Chão and its surroundings, increasingly threatened by illegal loggers and poachers, is also a base for what may be one of the most innovative nonprofit organizations fighting animal trafficking in Brazil.

 

By Peter Yeung via Mongabay

 

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Brazil’s average daily flights fell from the original 2,500 to about 200 during the Covid-19 pandemic lockdown period. In the months with the highest surge of the pandemic, Brazilian airlines reduced their operations by 99%.

But now, Brazil’s civil aviation sector appears to have bounced back from the strong impact of the COVID-19 pandemic, and in December expects to be operating at 80% of the capacity it registered in the same month last year, Ronei Glanzmann, head of the National Civil Aviation Secretariat, said at a forum sponsored by the Ministry of Infrastructure.

 

Via Merco Press

 

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Brazil’s health ministry said on Sunday it will sign non-binding letters of intent to purchase coronavirus vaccines from four companies and Russia’s sovereign wealth fund, adding that any purchase will depend on the approval of the nation’s regulators.

According to the ministry, officials met last week with representatives of Pfizer Inc, India’s Bharat Biotech, the Russian Direct Investment Fund, Moderna Inc and Janssen, a unit of Johnson & Johnson.

 

Via Merco Press

 

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Shareholders of Brazilian software firm Linx have agreed to back an acquisition offer from NASDAQ-listed payments processor StoneCo.

The transaction is valued at 6.8 billion reais ($1.28 billion), making it one of the largest ever deals involving a Brazilian technology company. The approval of 63% of Linx’s shareholders for the takeover offer ends a bidding war that saw StoneCo competing with Brazilian ERP giant Totvs since August.

 

By Angelica Mari via ZD Net

 

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SAO PAULO (Reuters) – The first 120,000 doses of CoronaVac, a COVID-19 vaccine developed by China’s Sinovac Biotech SVA.O that is being tested in Brazil, arrived at São Paulo’s international airport on Thursday morning, the state government said.

The doses will be stored in an undisclosed warehouse as the state awaits approval for use in Brazil by the national health regulator known as Anvisa.

 

Via Reuters

 

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Brasília – The BRICS – Brazil, Russia, India, China and South Africa – have expressed their support of Brazil’s bid for a seat as a rotating member of the United Nations Security Council in 2022 and 2023. The move was made public in the minutes of the 12th BRICS Summit Meeting (pictured above), held online on Tuesday (18).

The meeting minutes also espouse international cooperation to address the Covid-19 pandemic and equitable distribution of a safe, effective vaccine. The BRICS also call for a reform of the World Trade Organization (WTO) to enable the defense of developing countries, prevent protectionism by wealthy nations, and to work for a “more resilient” global supply chain.

 

Via Brazil-Arab News Agency

 

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Pfizer Inc said on Wednesday it had offered to provide Brazil with millions of doses of a COVID-19 vaccine in the first half of 2021, amid evidence the coronavirus is spreading more rapidly in South America’s largest country.

“Pfizer made a proposal to the Brazilian government, in line with deals we closed in other countries – including in Latin America, that would permit the vaccination of millions of Brazilians in the first half, subject to regulatory approval,” the company said in a statement.

 

Via Merco Press

 

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BRASILIA (Reuters) – Brazil’s Sao Paulo state is set to begin importing the first of 46 million doses of China’s Sinovac vaccine against COVID-19 this week, while the federal government takes a more cautious approach with a vaccine developed by Pfizer Inc.

Federal health officials met with Pfizer representatives on Tuesday as Brazil seeks to secure vaccine supplies. The Health Ministry said in a statement that it would buy the Pfizer vaccine, currently in Phase 3 trials, if it was proven safe and was registered with health authority Anvisa.

 

By Ricardo Brito and Anthony Boadle via Reuters

 

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Although she’s not a household name in the United States, billionaire Luiza Trajano, the richest woman in Brazil, might very well become one soon if her radical new model to confront structural racism takes hold.

Trajano made her fortune with her eponymous Magazine Luiza (or Magalu as it is known) — Brazil’s sprawling 1,000-store department store chain with over 40,000 employees. She recently announced, together with her son, Frederico Trajano, the company’s CEO, a bold and highly controversial move: Its coveted trainee program, long considered a major stepping stone into Brazil’s corporate world, will now only admit Black Brazilians into its ranks in an effort to upend a system that oftentimes sidelines Brazilians of African heritage from rising up the corporate ladder.
By Arick Wierson via CNN Business

Brazil’s economic policy response to the pandemic was unusually aggressive by emerging market standards. The monetary easing was perhaps the most forceful in EM when you consider the current level of the policy rate of 2%, relative to the ten-year historical average of 10%. The persistent FX sell-off has been the primary side-effect of that easing, which is, arguably a minor concern in the current low-inflation environment.

Much more consequential has been the fiscal stimulus enacted, especially the household income transfers to help offset wage income lost to Covid-19 movement restrictions.

 

By Gustavo Rangel via Think.ING

 

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WhatsApp is getting another crack at grabbing a slice of Brazil’s fast-growing payments market.

Facebook’s messaging service will soon get a green light to start providing peer-to-peer (P2P) payment services in Brazil, Roberto Campos Neto, head of the country’s central bank, said at a news conference Monday (Nov. 16), Reuters reported.

Campos Neto also noted Brazil’s central bank has talked to other Big Tech firms like Google about their interest in offering instant payments services in the country, Reuters reported.

 

Via Pymnts

 

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Sharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazil’s epic offshore oil boom. By September 2020 Brazil had soared to be the third-largest supplier of crude oil to China, the world’s second-largest economy. The scale of Brazil’s deep-water offshore oil boom is underscored by the pre-salt Tupi oilfield which for the third quarter of 2020 reached the impressive milestone of having pumped two billion barrels of accumulated oil production in the decade since commercial oil production began. A key reason for this is the rapidly growing popularity of the sweet medium crude oil grades produced from Brazil’s pre-salt oil fields, notably Tupi the world’s largest deep-water oilfield, and the Buzios field.

 

By Matthew Smith via Oilprice.com

 

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SAO PAULO (Reuters) – Uber Technologies Inc started on Monday to take instant payments in Brazil in partnership with payments startup Ebanx, both companies said.

More than 60 million people had already signed up to the newly launched instant payments platform, so-called Pix, before its full operation started this Monday. It allows consumers and companies to make money transfers 24 hours a day, seven days a week, without requiring debit or credit cards.

 

Via Reuters

 

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This week, we saw Amazon’s announcement of the opening of three more logistics centers in Brazil – in three different states – which are expected to meet demand for Prime deliveries from the US retailer’s subscription service. Now, its Argentinian competitor in Brazil, Mercado Livre, has followed the same path and has announced that it will open five more distribution warehouses in the country.

According to the company, the five new centers will start operating in early 2021 and will be spread across three Brazilian states: Minas Gerais, Santa Catarina and São Paulo.

 

By Re: Jerusalem

 

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Among the ten best universities in Latin America, three are Brazilian public education institutions. The ranking released by the British consultancy QS (Quacquarelli Symonds) evaluated USP, Unicamp and UFRJ as the most prestigious in the country.

The survey, published annually, evaluated 410 educational institutions from 20 countries in the region. The ranking is led, as in the previous year, by the Pontifical Catholic University of Chile.

 

By Isabela Palhares via Folha de S. Paulo

 

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São Paulo – Saudi Arabia’s poultry imports from Brazil were a highlight in October at 44,900 tons, up 22% year-on-year. The information was made public by the Brazilian Animal Protein Association (ABPA) this Wednesday (11).

Last month saw 319,700 tons of poultry shipped abroad from Brazil, down 9.4% year-on-year. Exports fetched USD 446.8 million, down 21.2%.

 

By Thais Souza via Brazil-Arab News Agency

 

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(Bloomberg)—Amazon.com Inc. is opening three new distribution centers in Brazil, marking its biggest logistics push in Latin America’s largest market as competition intensifies amid the coronavirus pandemic.

The expansion, which comes two months after the U.S. ecommerce giant launched its largest distribution center yet in the country, adds 75,000 square-meters to Amazon’s logistics infrastructure. It also gives it more bandwidth, raising to 500 the number of cities with deliveries in less than 48 hoursjust shy of 10% of municipalities in Brazil.

 

Via Digital Commerce 360

 

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São Paulo – Brazilian footwear exports saw a slight month-on month growth in October, following a trend of gradual rebound from the economic impact of the pandemic. According to the Brazilian Footwear Industry Association (Abicalçados), October saw 10.43 million pairs of shoes shipped from Brazil, up. 28.6% month on month; revenue came out to USD 55.4 million, up 4.8%.

Year on year, though, volume was down 6.1%, and revenue 36.8%. Year to date through October, exports reached 74.9 million pairs of shoes, down 22.3%, for USD 545.35 million, down 33.6% from a year ago.

 

Via Brazil-Arab News Agency

 

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BEIJING, Nov 7 (Reuters) – China’s soybean imports jumped 41% in October from a year ago, according to data from the General Administration of Customs released on Saturday, as delayed Brazilian cargoes cleared customs and U.S. soybean arrivals grew.

The world’s top soybean importer brought in 8.69 million tonnes of the oilseed in October, up from 6.18 million tonnes in the same month of the previous year, as crushers booked Brazilian beans earlier on good crush margins and as more U.S. beans started to flow in, the data showed.

 

By Hallie Gu and Kevin Yao via Successful Farming

 

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Amazon today celebrated the first anniversary of its personal voice assistant, Alexa. And, to celebrate, the American giant announced the start of sales of the latest generations of its Echo and Echo Dot smart speakers, announced worldwide in September.

The main novelty of this generation, the design of the cases has been changed, abandoning the format of the disc for a round construction. There’s a significant improvement in sound here, powered by a three-inch woofer, two tweeters, and Dolby processing that delivers stereo sound with high highs, dynamic mids, and deep lows, according to Amazon. In the case of the Echo Dot and Echo Dot with clock, there is also the function that activates the repeat mode with a single press.

 

Via Re: Jerusalem

 

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The U.S. Department of Justice (DoJ) has announced yesterday (4) the seizure of virtual currency worth around $24 million on behalf of the Brazilian government as part of an investigation into a large-scale fraud scheme.

According to the Brazilian authorities, more than US$ 200 million was obtained through the cryptocurrency fraud scheme, which is believed to have impacted “tens of thousands” of investors.

 

By Angelica Mari via Forbes

 

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To further strengthen their ties, India and Brazil elevated their bilateral relations to a strategic partnership in 2006 and since then the relationship has witnessed an upward trend. President Jair Bolsonaro was the chief guest at the Republic Day this year. The largest economy in Latin America, Brazil offers a huge market for a wide range of Indian manufactured goods. Also, it is a country with a lot of natural resources and can help India in various sectors especially in agri-tech, bio-energy, pharmaceuticals, oil and defence and space.

Suresh K Reddy who has in September this year assumed charge as Ambassador of India to Brazil talks with Huma Siddiqui on a wide range of topics. Following are excerpts:

 

By Huma Siddiqui via Financial Express

 

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During a ceremony held on Wednesday (4), the Minister of the Economy, Paulo Guedes, confirmed that Brazil will also have a digital currency. The project is already under study by the Central Bank (CB) and will be a direct consequence of the adoption of the PIX.

Guedes didn’t even mention the details of the project, but the idea of ​​a digital currency has already been explored by several countries around the world. The most advanced example is Chinese, since the country’s government has already launched the digital yuan.

 

Via Re: Jerusalem

 

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(Bloomberg) — Brazil’s industrial production rose for the fifth straight month in September, representing the longest streak of gains since 2012, as billions of dollars in fiscal stimulus spurs broad-based consumer demand.

Output rose 2.6% from August, above the median estimate for a 2.4% gain from economists in a Bloomberg survey. Industrial production increased 3.4% from a year ago, returning

 

By Mario Sergio Lima via Bloomberg Quint

 

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A U.S. grain export terminal near Baton Rouge, Louisiana, is loading about 38,000 tons of U.S. soybeans on a bulk cargo vessel for shipment to Brazil, according to Southport Agencies shipping lineup.

Brazil is the world’s top exporter of soybeans, so it almost never needs imports. This year, growers have sold huge volumes to top importer China, leaving little for domestic consumption. That has led to price rises for feed for animal farming and meatpacking operations in Brazil, and contributed to food inflation.

 

Via Merco Press

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Over the last five years, Brazil has witnessed a startup boom.

The main startups hubs in the country have traditionally been São Paulo and Belo Horizonte, but now a new wave of cities are building their own thriving local startup ecosystems, including Recife with Porto Digital hub and Florianópolis with Acate. More recently, a “Black Silicon Valley” is beginning to take shape in Salvador da Bahia.

 

By Paulo Rogério Nunes and Tara Collier via Tech Crunch

 

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After two years of dredging works using a federal investment of R$ 500 million, (some 80 million dollars) the Port of Rio Grande – the main port in the southernmost Brazilian state of Rio Grande do Sul – will be able to receive vessels of up to 366 meters in length. This is because the port’s new draft, (15 meters) was officially approved on October 26th.

Thanks to the removal of more than 16 million cubic meters of sediment, the operational draft of the so-called internal channel, where the most important port terminals and the largest flow of cargo are located, went from 12.8 to 15 meters. The depth, which was 14.2, is now 16.5 meters. The handling capacity now meets international navigation standards, and the port is able to receive vessels of up to 366 meters in length- a difference of 29 meters in relation to the previous capacity of 337 meters in length.

 

Via Merco Press

 

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RÍO DE JANEIRO, Oct 28 2020 (IPS) – “Showing solidarity is consuming the energy generated in your own municipality” – this is the motto of a project of distributed electricity generation in one of Brazil’s many poor neighbourhoods.

“Sertão (the word for the country’s semiarid hinterland) with solidarity” is how the director of the Brazilian Association of Distributed Generation (ABGD) in the southeastern state of Minas Gerais, Walter Abreu, named the project. The organisation promotes solar energy in the north of that state, where 1.5 million of the state’s 2.7 million people live in poverty and half of these in extreme poverty.

 

By Mario Osava via Inter Press Service

 

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The Brazilian government has announced a partnership with Microsoft to train millions of citizens in technology subjects over the next three years.

Under the Mais Brasil (More Brazil) program, a remote education platform developed in partnership with the Ministry of Economy offers 20 courses through the Microsoft Community Training tool, with the capacity to train up to 5.5 million job seekers by 2023.

 

By Angelica Mari via ZD Net

 

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October 26 (Renewables Now) – Brazil’s National Development Bank (BNDES) said on Friday it will support the construction of 505 MW of solar projects through loans of over BRL 1.1 billion (USD 195.7m/EUR 165m).

Some BRL 910 million of the total will be used for the 415-MW Sol do Sertao Solar Complex in Oliveira de Brejinhos, Bahia state. Brazil’s Essentia Energia is the project developer.

 

By Lucas Morais via Renewables Now

 

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Santos — The Brazilian anhydrous ethanol market hit its highest traded value on Oct. 21 amid a scenario of fuel consumption increase, lower ethanol production and a lack of imports from the US.

S&P Global Platts assessed anhydrous ethanol ex-mill Ribeirao Preto on Oct. 21 at Real 2,530/cu m ($451.07/cu m), up 13.71% on the month and 17.95% on the year. The assessment was the highest since Platts started to assess this market in April 2014.

 

By Nicolle Monteiro de Castro via S&P Global Platts

 

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During the last visit of a delegation from the Donald Trump administration to Brasília, Minister Paulo Guedes (Economy) and the president of Exim Bank (Bank of Exports and Imports of the USA), Kimberly Reed, signed a memorandum to identify financing possibilities for exports from that country to Brazil that may add up to US $ 1 billion.

The document signed at the Itamaraty ceremony establishes commitments between Brazil and the USA to advance cooperation on trading goods and services, especially in telecommunications and 5G, energy, infrastructure, logistics, mining, and manufacturing.

 

By Ricardo Della Coletta, Thiago Resende and Gustavo Uribe via Folha de S. Paulo

 

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São Paulo – Brazil’s minister of Science, Technology and Innovation, Marcos Pontes, said on Tuesday (20) that investing in technology development in Brazil, in partnership with other countries, is a way of overcoming global challenges. Pontes discussed projects under development during his participation in the Economic Forum Brazil & Arab Countries, hosted by the Arab Brazilian Chamber of Commerce in partnership with the Arab League and the Union of Arab Chambers.

“The pandemic demands solutions that are also opportunities for small-sized companies that are able to present them. In these lines, Brazil is still struggling in educating technology professionals. The technology will be increasingly important in the composition of the country’s GDP, as it is in agriculture, healthcare, education, and several other sectors,” he said.

 

By Marcos Carrieri via Brazil-Arab News Agency

 

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The new coronavirus pandemic has prompted an increase in contactless payments in Brazil, though the method has yet to take off, according to a new study released by Visa.

According to the research, contactless payments made through cards, smartwatches and other mobile devices accounted for about 3% of all payments processed by the company between January and June 2020, compared to 1% in the same period last year.

 

By Angelica Mari via ZD Net

 

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São Paulo – Brazil will play an even more important role in Arab food security. That was one projection for the Arab-Brazilian relations expressed by Arab Brazilian Chamber of Commerce (ABCC) president Rubens Hannun during the opening ceremony of the Economic Forum Brazil & Arab Countries on Monday (19). The ceremony featured Brazil’s president Jair Bolsonaro and Arab League secretary-general Ahmed Aboul Gheit.

The event is themed “The Future is Now.” Hannun said that the Arab countries are becoming a global standard in technology, environmental preservation, and sustainable production. “Brazil, in turn, will play an even more prominent role in the Arab food security. Therefore, there is plenty of potential to create and expand alliances,” Hannun said.

 

By Isaura Daniel via Brazil-Arab News Agency

 

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BlackRock is planning to cross-list “up to 100” of its overseas exchange traded funds in Brazil to take advantage of a boom in investment sparked by plunging interest rates and market liberalisation.

The world’s largest asset manager said it hoped the ETFs would be available by the end of March next year, which would mark a huge expansion on its existing range of five São Paulo-listed ETFs.

 

By Steve Johnson via Financial Times

 

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SAO PAULO (Reuters) – The United States boosted its financial cooperation with Brazil on Monday to help the South American nation’s economic recovery from the coronavirus pandemic with a loan to its largest private bank.

The U.S. International Development Finance Corporation (DFC) has extended a $400 million loan to Itau Unibanco Holding SA ITUB4.SA which should be used to finance small companies in Brazil, DFC said in a statement on Monday.

By Leonardo Benassatto and Carolina Mandl via Reuters

The world’s largest grains and oilseeds companies, American giants Bunge and Cargill, have joined together to create the joint venture Covantis, which will use blockchain technology in the agricultural sector in Brazil.

The unprecedented project foresees the exchange of information between all members of Covantis, which also includes the participation of other agribusiness giants such as the French Louis Dreyfus Company (LDC), the Chinese state-owned company Cofco International and the Dutch multinational Glencore Agriculture.

 

By Cassio Gusson via Cointelegraph

 

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RIO DE JANEIRO, Oct 15 (Reuters) – The Brazilian government is set to discuss on Friday a proposal that would temporarily eliminate tariffs on corn and soy imports from countries outside the Mercosur trade block, a source with direct knowledge of the matter told Reuters.

The matter will be decided during a meeting of Gecex, a technical body within the Economy Ministry, said the source, who requested anonymity to discuss confidential matters.

 

By Rodrigo Viga Gaier via Successful Farming

 

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Brazil’s largest research facility focused on artificial intelligence (AI) has been launched yesterday (14) through a collaboration between the private and public sector.

Announced in February 2019, the Artificial Intelligence Center (C4AI) is the result of investments made by IBM, the São Paulo Research Foundation (FAPESP) and the University of São Paulo (USP).

 

By Angelica Mari via ZD Net

 

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October 15 (Renewables Now) – Brazilian power sector watchdog Aneel has given the green light to the start of commercial operations of 95.68 MW of solar plants owned by local units of Italian firm Enel Green Power SpA.

Aneel’s approval allows the company to generate 50 MW from the UFV Sao Goncalo 5 park and 45.68 MW from UFV Sao Goncalo 6.

By Lucas Morais via Renewables Now

 

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Take a dozen banana peels, wash them gently with a brush under running water, then chop them into small pieces. Next, blend the peels with five spoons of cacao and a cup of ice water. Once the lumps have been removed, place the mixture in a hot, buttered pan and stir it for five minutes. Let it cool down to thicken, and then roll the resulting dough into small spheres. Lastly, dip the balls into sesame or peanut powder, and you’ll have a brigadeiro, an iconic Brazilian dessert.

But this is not the standard version of the sweet: It’s a unique variant created by Regina Tchelly, a 39-year-old Brazilian chef and resident of Rio de Janeiro’s Babilônia slum.

By Agostino Pestroni via EcoWatch

São Paulo – Coffee exports from Brazil hit an all-time high in September at 3.8 million bags shipped. The number includes green, soluble, and roast and ground coffee. Shipped volume was 8.6% higher than in September 2019, and the biggest amount ever shipped in a September.

September exports fetched USD 458 million, up 3.6%. Revenue in local currency was BRL 2.5 billion, up 35.7% due to a US dollar hike. Price per bag averaged at USD 120.7. The numbers are from the Brazilian Coffee Exporters Council (Cecafé).

 

Via Brazil-Arab News Agency

 

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Empresa Metropolitana de Águas e Energia (EMAE), the energy supplier for the Brazilian state of São Paulo, has launched a tender for the deployment of four utility-scale floating PV projects.

The arrays will be built at the largest water reservoir in the state, which hosts an 880 MW hydroelectric power plant. The power station supplies electricity to about 1.8 million people, and is also used for fishing and swimming.

 

By Emiliano Bellini via PV Magazine

 

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(Florianopolis/Oslo, 07.10.2020) Statkraft is ready to start construction of its Ventos de Santa Eugenia wind project in northeastern Brazil, after closing a turbine supply contract with German wind turbine manufacturer Nordex. Statkraft’s largest wind project in South America will more than double its renewable energy capacity in Brazil.

The 519 MW wind project entails 10 wind farms with a total of 91 turbines in the state of Bahia, located close to Statkraft’s existing Bahia wind power assets. Given the excellent wind conditions in the area, the project will generate almost 2.3 TWh of renewable energy per year, enough to supply 1.17 million Brazilian homes.

 

Via GlobeNewsWire

 

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Brasilia [10/10/2020]

Mayor of Salvador, ACM Neto (DEM), has the best approval rate among the mayors of 12 capitals surveyed by IBOPE.

This week, IBOPE conducted a round of electoral polls in Brazilian capitals in which it also measured the approval of the current mayors. Of the 12 capitals surveyed, only three disapprove of their mayors: Porto Alegre, Recife, and Rio de Janeiro. In São Paulo, the approval and disapproval rates register a technical tie. In the other eight capitals, the current mayors boast approvals that reach 85%, as is the case in Salvador.

Mayor Antonio Carlos Magalhães (ACM) Neto (DEM), who has governed the capital of Bahia for eight years, achieved the best performance appraisal among the 12 capitals surveyed by IBOPE. He received an 85% approval rating and only a 12% disapproval rating. For 73% of voters, the Democrat’s management can be considered good or great. Only 6% of voters consider the management to be bad or terrible.

Another who also boasts good approval ratings is the mayor of Belo Horizonte, Alexandre Kalil (PSD). He seeks re-election and boasts 76% approval in the capital of Minas Gerais, with 65% of voters considering his management as good or excellent. Kalil has only 22% disapproval among voters; 13% of them consider the management to be bad or very bad.

The mayor of Florianópolis, Gean Loureiro (DEM), who is seeking re-election, also has good rates among voters. He has the approval of 72% of voters, against 22% of disapproval. Management is considered good or excellent by 58% of voters heard by IBOPE. Another 9% consider the management to be bad or very bad and 32% consider it to be regular.

The mayor of Goiânia, Iris Rezende (MDB), also has an approval rate higher than 60%. In the capital of Goiás, 69% of voters approve the management of the PMDB party member, against 26% who disapprove it. More than half of respondents (53%) rated management as good or excellent. Another 12% consider the Rezende government to be bad or very bad.

In Curitiba, Rafael Greca (DEM), who is seeking re-election, has 68% of voter approval and a disapproval rating of 29%. More than half of Curitibanos (54%) consider the mayor’s management to be good or excellent. Another 29% consider it regular and 16%, bad or very bad.

In Natal, the approval rating of Mayor Álvaro Dias (PSDB), also a candidate for re-election, is 63%. Another 31% of voters disapprove of the PSDBista’s management. There is a technical tie between voters who classify management as good or excellent and those who classify it as regular: 42% in both cases. Another 14% consider management to be bad or very bad.

The mayors of João Pessoa, Luciano Cartaxo (PV), and Palmas, Cinthia Ribeiro (PSDB), have approval ratings above 50% – 56% and 53% respectively. “

Copyright © 2020, Gazeta do Povo. All rights reserved.

 

By Kelli Kadanus via Gazeta do Povo

 

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São Paulo – Poultry exports from Brazil were up 1.3% in shipped volume year-to-date through September from a year ago, the Brazilian Animal Protein Association (ABPA) reported. Sales to Arab countries such as Jordan and Libya increased.

Year-to-date through September, 3.17 million tonnes of poultry products got exported from Brazil. Export revenue was down 12.1% to USD 4.6 billion. In September, shipped volume was down 2.3% to 345,000 tonnes, while revenue was down 18.4% to USD 479 million.

 

Via Brazil-Arab News Agency

 

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RIO DE JANEIRO/SAO PAULO (Reuters) – A consortium of Brazil’s 3R Petroleum and Norway-linked DBO Energy is in bilateral talks with Brazil’s Petrobras to purchase a cluster of offshore natural gas fields, according to two sources with direct knowledge of the matter.

The Peroa cluster, located off the coast of Espirito Santo state, would be among the first all-gas offshore fields sold by Petrobras amid a larger push to break the company’s near-monopoly in Brazil’s natural gas value chain.

 

By Gram Slattery and Carolina Mandl via Reuters

 

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São Paulo – Beef exports from Brazil were up 2% in terms of shipped volume year-on-year in September, the Brazilian Meat Packers Association (Abrafrigo) reported this Wednesday (6) quoting federal government numbers. The month saw 166,300 tons of raw and processed beef shipped. Export revenues decreased by 2% to USD 668.7 million.

Year-to-date through September, beef exports climbed 10% to 1.4 million tons, while revenue went up 20% to USD 6.1 billion.

 

Via Brazil-Arab News Agency

 

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Brazil’s capacity and readiness to adopt and explore digital technologies for economic and social transformation has seen some improvements, according to a study published this week by Swiss business school International Institute for Management Development (IMD). The country climbed six positions in this year’s World Digital Competitiveness Ranking (WDCR) in relation to 2019, ranking 51st in a list of 63 countries.

The IMD ranking scrutinizes the digital competitiveness of nations based on the intangible infrastructure necessary for the learning and discovery aspects of technology, as well as the level of preparedness of an economy to carry out its digital transformation. In addition, it quantifies the landscape of developing digital technologies.

 

By Angelica Mari via ZD Net

 

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WASHINGTON: Brazil’s economy is set to shrink by 5.8 per cent in 2020, the International Monetary Fund said on Monday (Oct 5), revising up an earlier forecast but warning the country faced “excpetionally high” risks.

“The economy is projected to shrink by 5.8 per cent in 2020, followed by a partial recovery to 2.8 per cent in 2021,” the IMF said in its annual report on Latin America’s largest economy.

 

Via CNA

 

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Brazilian ride-hailing service 99, controlled by China’s Didi Chuxing Technology Co Ltd, has partnered with WhatsApp to accept orders on the chat platform owned by Facebook in a move that would allow users to summon cars without using another app.

The partnership is the first of its kind in the world for Didi, China’s biggest ride-hailing company, the companies said, and could give 99 an advantage in competing with US-based Uber Technologies Inc, the market leader in Brazil.

 

Via Merco Press

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The wind power, the second source of electric power in Brazil, behind the hydroelectric, represents 19,000 jobs in Brazil, as compared to 34,000 in 2018. Even with the fall, Brazil remains among the 10 most used in the world. this segment, behind China, Germany, United States, India, United Kingdom, Denmark, Mexico, Spain and the Philippines. The report states that, before the start of the COVID-19 pandemic, the wind sector was expected to expand due to planned installations.

Around 80% of this market is located in the northeast, which has the best wind conditions. The report indicates that local containment requirements and subsidized services for project developers have strengthened the national supply chain for wind turbines. It is also of high impact in the production of towers and the most moderate effect in the manufacture of wind turbines. The national content in the Brazilian wind sector is currently estimated at 80%.

Via Reve

 

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Brasília – Imports slowed down faster than exports in September in Brazil, yielding a record-high trade surplus. Exports exceeded imports by USD 6.164 billion, the strongest result for the month since record-keeping began in 1989.

Both exports and imports decreased during the month. Average daily exports from Brazil were down 9.1% year-over-year to USD 18.459 billion. Average daily imports slid by 25.5% to USD 12,296 billion.

 

Via Brazil-Arab News Agency

 

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Following lots of legislative uncertainty, Brazil has now formally enacted the country’s first general data protection law, Lei Geral de Proteção de Dados, or “LGPD.” While administrative sanctions do not go into effect until August 1, 2021, individuals and public prosecutors can now bring claims for losses and damages. Indeed, at least one public civil action has already been filed. LGPD is the first comprehensive general data protection law in Latin America. It was modeled after the EU’s GDPR. While there are many similarities, LGPD does introduce new concepts. Below are some of the key elements to keep in mind.

 

By Julia K. Kadish and Liisa Thomas via Mondaq

 

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SAO PAULO (Reuters) – The government of Brazil’s Sao Paulo state signed a $90 million contract on Wednesday to receive 46 million doses of a potential vaccine from China’s Sinovac Biotech Ltd.

Sao Paulo, Brazil’s most populous state, is one of the sites of Phase III clinical trials for the Sinovac vaccine conducted by the state’s Butantan Institute, a leading biomedical research center.

 

By Eduardo Simões via Swissinfo.ch

 

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The Brazilian solar association ABSolar has carried out a study on grid-connected photovoltaic distributed generation, which in Brazil includes all PV systems not exceeding 5 MW in size installed under the net metering regime. In total, there is more than 3.6 GW of installed power of distributed generation from photovoltaic solar sources throughout the country, representing more than 18.2 billion reais (€2.81 billion) in accumulated investments since 2012 and more than 108,000 jobs.

According to the association, in the number of systems installed, residential consumers are in the lead, representing 72.5% of the total. That figure is followed by companies in the commerce and services sectors (17.7%), rural consumers (6.8%), industries (2.6%), the public sector (0.4%), public services (0.03%) and public lighting (0.01%).

 

By Pilar Sánchez Molina via PV Magazine

 

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Brazil represents over half of all IT spend in Latin America, has the largest regional market for software outsourcing, employs a sizable IT workforce, manufactures consumer goods (including commercial airplanes and cars) and has an active consumer market of social media operated by global data aggregators. At a time when data privacy is becoming increasingly important to consumers, it seems only fitting that Brazil would adopt comprehensive privacy legislation to protect data privacy rights.

The General Data Protection Law, the first law of its kind in Brazil, is now in effect, and we are already seeing enforcement. Streamlining the legal framework on data protection, the law sets forth a number of requirements addressing legal bases for processing, individual rights, governance and accountability and data transfers. Here’s what you need to know.

 

Laura E. Jehl and Matthew R. Cin via The National Law Review

 

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September 29 (Renewables Now) – Norwegian state-owned energy company Statkraft AS will invest roughly BRL 2.5 billion (USD 444.6m/EUR 381m) in the development of a 519-MW wind complex in Brazil.

Named Ventos de Santa Eugenia, the asset is expected to break ground in January 2021 and have its first turbines generating power in 2022. Full completion is set for 2023, boosting Statkraft’s capacity in the country to 967 MW.

 

By Lucas Morais via Renewables Now

 

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São Luís, Brazil – The U.S. Trade and Development Agency has awarded a grant to the Brazilian telecommunications company Equatorial Telecomunicações S.A.to facilitate the development of a broadband network backbone in the country’s northeast region. The project is specially designed to enhance connectivity and extend government services for more than three million people in Brazil.

“In today’s connected world – and particularly during the COVID-19 era – reliable internet and reliable access to digital services are more important than ever,” said Todd Abrajano, USTDA Chief Operating Officer and Head of Agency. “USTDA’s support for this project will connect millions more Brazilian citizens and businesses to broadband infrastructure and deepen Equatorial’s understanding and familiarity with innovative ICT solutions from U.S. industry.”

 

Via USTDA

 

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BRASILIA (Reuters) – Brazil, which has the world’s second-highest coronavirus death toll, has decided to join the global COVID-19 vaccine partnership known as COVAX and will earmark 2.5 billion reais ($454 million) for securing vaccines through it, President Jair Bolsonaro’s office said.

Brazil plans to use the COVAX facility, which gives access to several vaccine candidates in development globally, to buy enough supplies to immunize 10% of its population by the end of 2021, the office said in a statement on Thursday. That should cover Brazil’s “priority populations,” it said.

 

Via Reuters

 

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São Paulo – Wheat has been harvested in Ceará, a dry state with scant water resources in Northeast Brazil, for the first time in history. The farming project was developed by the Brazilian Agricultural Research Corporation (Embrapa) in partnership with milling company Santa Lúcia. The first stage took place in a semiarid area, with a fast planting-to-harvest cycle and high yields.

Although the actual planting only started recently, the tropical cultivars (pictured above) that enabled the project started being developed 15 years ago. These varieties do not require much water, so they are well-suited to Ceará as well as the Arab countries across the Middle East and North Africa. “We have the genetic material for four varieties of tropical wheat. We picked the two that performed best, which were BRS404 and BR264,” Osvaldo Vieira, head of Embrapa’s wheat division Embrapa Trigo, told ANBA over the phone.

 

By Thaís Sousa via Brazil-Arab News Agency

 

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The wearables market in Brazil has seen an acceleration during the second quarter of 2020, according to new numbers from market analyst firm IDC.

Sales of devices grew by 21.1% between April and June in Brazil compared to the second quarter of 2019. During the period, 208,350 fitbands and smartwatches were sold, according to the report.

 

By Angelica Mari via ZD Net

 

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Entre os dias 23 e 25 de novembro próximo, ocorrerá a 30ª Conferência Anprotec de Empreendedorismo e Ambientes de Inovação, em formato online. O evento da Associação Nacional de Entidades Promotoras de Empreendimentos Inovadores (Anprotec) terá como tema central este ano “Ambientes de Inovação 4.0 – Desafios e Oportunidades na Nova Dinâmica Global”.

 

A Anprotec lançou uma Chamada de Trabalhos, escritos por até cinco autores brasileiros ou estrangeiros, a serem submetidos em duas categorias:

 

(a) artigos inéditos, com até 4.000 palavras, em português ou inglês, e com resumo em português e inglês;

(b) relatos de boas práticas em empresas e ambientes de inovação, em português com, no máximo, 1.500 palavras e resumo estruturado em português e inglês, que deverão narrar experiências e soluções criativas adotadas para a resolução de problemas e seus respectivos resultados.

Os artigos e relatos deverão estar vinculados a, pelo menos, um dos seguintes temas:

 

 Capital Humano: papel e desafios nos Ambientes de Inovação 4.0;

– Inovação Aberta: ecossistema de inovação como instrumentos de transformação das indústrias tradicionais;

– Tecnologia: o papel dos ambientes de inovação para a geração de tecnologia na nova dinâmica global;

– Cidades: ecossistemas de inovação como alavancas para o desenvolvimento urbano sustentável; S;

– Financiamento: novos modelos de sustentabilidade para os ambientes de inovação.

 

Os autores que obtiverem as maiores notas receberão as seguintes premiações:

– Melhor artigo completo: certificado para todos os autores e crédito de R$ 2.000,00 (dois mil reais) em cursos e eventos promovidos pela Anprotec;

– Melhor boa prática em empresa e ambiente de inovação: certificado e crédito de R$ 1.500,00 (um mil e quinhentos reais) em cursos e eventos promovidos pela Anprotec.

 

As inscrições poderão ser realizadas até o dia 28 de setembro na página eletrônica https://easychair.org/account/signin?l=5qxiJBnnkfkhWRUut0eEtc#
Mais informações sobre a Chamada estão disponíveis no edital em https://anprotec.org.br/site/wp-content/uploads/2020/08/Chamada-de-Trabalhos_ConferenciaAnprotec2020.pdf

SAO PAULO (Reuters) – The governor of Brazil’s São Paulo state, João Doria, said on Wednesday the state is likely to start to immunize its population with China’s Sinovac vaccine for COVID-19 in mid-December, pending regulatory approval.

Brazil has the third-highest number of cases of coronavirus in the world, leading vaccine makers to seek out South America’s largest country to test their candidates.

 

By Eduardo Simões via Yahoo News

 

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São Paulo – More 12 products related to the fight against the coronavirus were included in the list of goods with temporary import tax exemption in Brazil. Last week, in addition to increasing the number of exempted products, the government extended the exemption for products included in the previous list. The resolution was in force until September 30 and was extended until October 30. COVID-19 vaccines were included in the list.

The 12 products that were added were hemostatic agent in gel composed of gelatin and thrombin, COVID-19 vaccines, parenteral feeding emulsion, multivitamins, glico-physiologic solutions, electrolyte solution with pH 7.4, four types of solution in PVC bags, and surgical hemostatic made with resorbable collagen.

 

By Guilherme Miranda via Brazil-Arab News Agency

 

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Payment solutions company EBANX has integrated with PayPal in a bid to maximise the potential of digital wallets in Brazil.

The partnership will mean that EBANX reaches a customer market of over 50 million people, furthering its overall mission of opening up Latin America to global businesses and vice versa.

Founded in 2012, the company is an ardent believer in the power of democratised finance to drive culture, education and entertainment. Already connected with other leading digital payment platforms – Apple Pay and Google Pay – this latest development broadens consumer choice significantly.

 

By William Girling via FinTech

 

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BRASILIA, Sept 21 (Reuters) – Brazilian industrial confidence jumped in September to its highest in almost eight years, a survey showed on Monday, underscoring the sector’s strong rebound from the coronavirus lockdown and divergence from the services side of the economy.

The Fundacao Getulio Vargas’s national industrial confidence index for September rose to a seasonally adjusted 105.9 from 98.7 in August, according to preliminary figures, the index’s highest reading since January 2013.

 

By Jamie McGeever via Nasdaq

 

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PRESS RELEASE: Brasilia, Brazil – September 18, 2020. Delta Air Lines and LATAM Airlines Group S.A. and its affiliates (‘LATAM’) received regulatory approval* yesterday for their trans-American Joint Venture Agreement (‘JVA’) from Brazil’s competition authority, the Administrative Council for Economic Defense (CADE).

The proposed JVA between Delta and LATAM, which was presented to the CADE on July 14, 2020, was approved without conditions, following an evaluation of free competition considerations and taking into account the unprecedented economic impact of COVID-19 on the airline industry. This is the first approval for the JVA between Delta and LATAM since it was signed in May 2020.

 

Via The LoadStar

 

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Brazil is set to be the center of new liquefied natural gas (LNG) demand activity in Latin America at least over the next decade, according to experts who spoke at a webinar Tuesday organized by the Institute of the Americas.

“Gas remains the transition fuel in Brazil because it allows for the highest possible penetration of wind and solar,” said Roberto Ferreira da Cunha, the director of consultancy BRG Energy & Climate for South America. He added that Brazil has 10 new LNG import plants in different phases of study.

 

By Christopher Lenton via Natural Gas Intelligence

 

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September 21 (Renewables Now) – Brazil’s Petroleum, Natural Gas and Biofuels Agency (ANP) announced on Friday that the country’s 75th complementary biodiesel auction contracted 8.5 million litres (2.3m gallons) in total.

The average price of BRL 5.723 per litre achieved in the tender resulted in a final contract value of around BRL 48.65 million (USD 9m/EUR 7.6m). In all, six producers offered some 9.5 million litres in the tender.

 

By Lucas Morais via Renewables Now

 

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US State Secretary Mike Pompeo continues his Caribbean and South American tour on Friday with his visit to Brazil after completing final diplomatic meetings in Guyana.

After meeting with Guyana’s President Irfan Ali and his Cabinet on Thursday, Pompeo is scheduled to meet Foreign Minister Hugh Todd and Secretary-General of the Caribbean Community (CARICOM) Irwin LaRocque.

 

By Beyza Binnur Dönmez via aa.com.tr

 

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Viasat’s high-quality residential internet service has expanded to an additional 14 states in Brazil, delivering services to more than 93% of the country’s population.

Launched across seven states and the Federal district in July, Viasat expects that upon completion of the residential launch rollout by year-end, it will be the only satellite ISP capable of making high-speed internet available across the entire country.

 

By Melanie Mingas via Capacity Media

 

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The Brazilian government is accelerating initiatives to catch up with the new demands presented by digital transformation and attract private sector investments to these projects, according to senior officials.

At industry event Painel Telebrasil yesterday (15), interim minister at the Ministry of Science, Technology and Innovation (MCTI), Julio Semeghini, mentioned a number of projects aimed at “making the digital transformation reach the greatest number of Brazilians” and, at the same time, create commercial opportunities for sector players.

 

By Angelica Mari via ZD Net

 

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In the next few years, satellite navigation systems are set to become the norm in the world of railways. The EU, for example, is developing projects such as STARS, which aims to bridge the gap between the European Rail Traffic Management System and the European Global Navigation Satellite System through the use of satellite navigation.

In August, the Italian Railway Network installed a satellite-based management system on a regional line, making history in the EU.

 

By Ilaria Grasso Macola via Railway Technology

 

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Brazil’s tariff rate quota for ethanol has been extended for an additional 90 days, starting September 14. After expiring on August 31, a 20 percent tariff was temporarily applied to all U.S. ethanol. U.S. corn and ethanol groups expressed disappointment in the move, saying, “we would have preferred Brazil abandon its ethanol import tariffs entirely and resume its free trade posture on ethanol.”

 

Via American AG Radio Network

 

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The vaccination of Brazilians against the Covid-19 virus, using a vaccine developed by Sinovac Biotech Ltd of China, could begin in January, the Globo website reports, citing a health official in the southeastern Brazilian state of São Paulo, Jean Gorinchteyn.

The Brazilian news website quotes Mr Gorinchteyn as saying he hopes 46 million doses of the vaccine, called CoronaVac, will be available in December.

 

Via Macauhub

 

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Brazilian officials say there is no room for fear when it comes to the country’s capacity to keep up with Chinese demand for iron ore. Iron ore prices hit six-and-a-half year highs last week as the Chinese construction and manufacturing sector experiences levels of activity last seen almost a decade ago.

In the past three months China’s iron ore imports have climbed 20% year on year, while year-to-date they are up 11% compared to 2019.

 

Via Merco Press

 

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New York — Brazil’s largest natural gas import pipeline will soon offer short-term transportation contracts for firm and interruptible capacity as regulators look to expand third-party competition and market access.

Following a Sept. 9 regulatory approval for the move, short-term capacity on the 1.1 Bcf/d Bolivia-Brazil Gasbol pipeline could be made available as early as October, the National Petroleum Agency said in a press release.

 

By J. Robinson via S&P Global Platts

 

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São Paulo – This Thursday (10) at the Rio Grande Port 4,000 head of cattle will start being loaded for shipping to Lebanon, alongside 22,000 head of cattle bound for Turkey. The animals hail from Estância del Sur farm, in Capão do Leão, an area near Pelotas in Rio Grande do Sul. The calves are cross-bred from European breeds such as Angus and Brangus. They have been sourced from different farms across the state, are aged from seven to twelve months, weigh about 250 kg each, and are uncastrated.

It will take at least five days to get all the animals onto the ship. According to Leila Vettorello, the general manager for sales and operations with port operator Sagres – which is responsible for shipping the 6,000 animals to Lebanon and 14,500 of the animals bound for Turkey –, the reason for that is the availability of trucks and the time it takes for them to get to the port. The Panamanian ship MV Nada can accommodate all of the cattle at once. The journey is expected to take 28 days. Operator Vanzin is responsible for the remaining 7,500 head of cattle going to Turkey.

 

By Bruna Garcia Fonseca via ANBA

 

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SAO PAULO (Reuters) – The governor of Brazil’s São Paulo state said on Wednesday that Phase 3 clinical trials of a potential COVID-19 vaccine developed by China’s Sinovac Biotech Ltd have shown promising results and it may be available to Brazilians as early as December.

Governor João Doria added that Phase 2 trials of the potential vaccine had shown an immune response of 98% in the elderly.

 

By Eduardo Simões via Reuters

 

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São Paulo – There is a world of products that could be exported from Brazil to the Moroccan market. Such was one of the conclusions drawn in the webinar “Morocco and Brazil: Agribusiness Connecting continents,” hosted by the Arab Brazilian Chamber of Commerce (ABCC) this Wednesday (9) and viewed by an audience of 880 people. The agricultural attaché at the Embassy of Brazil in Morocco, Nilson Guimarães (pictured above), made the argument during the online event hosted by ABCC president Rubens Hannun.

Guimarães said Brazil can supply more coffee and tropical fruit to Morocco, as well as genetic material for poultry and livestock and what he called Brazilian biodiversity products such as yerba mate, babaçu oil, Baru nut, Brazil nut and açaí.

 

By Bruna Garcia Fonseca via Brazil-Arab News Agency

 

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The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. And although it’s not a winner-take-all competition, central banks first out of the gate might prove instructive to those who follow — particularly when it comes to new use cases or the goal of democratizing banking and digital payments.

Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system.

 

Via Pymnts

 

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São Paulo – Exports from Egypt to Brazil climbed 73.9% ever since Egypt reached a free trade agreement with the Mercosur in September 2017. Exports from Brazil to Egypt, on the other hand, were up 21.1%, as per a survey from Brazil’s National Confederation of Industry (CNI).

The agreement had its third anniversary on September 1st, 2020. Over 2,000 items have been made tariff-free in Mercosur-Egypt trade. As of this month, tariffs will be lifted on 463 items from Egypt to Mercosur, and 719 items from the Mercosur to Egypt.

 

Via Brazil-Arab News Agency

 

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RIO DE JANEIRO, Sept. 7 (Xinhua) — Brazil will continue to expand the benefits of their economic complementarity with China, the country’s Vice President Hamilton Mourao has said, calling for more investment and cooperation in strategic sectors.

“For more than 10 years, China has been our largest trading partner and an important source of investment for Brazil, especially in the energy and infrastructure sectors. Brazil, in turn, is a stable and reliable supplier of safe food for China,” he said in a recent interview with Xinhua.

 

Via Xinhua Net

 

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The president of Banco Central — Brazil’s central bank — has announced Brazilians could expect to see a central bank digital currency before 2023.

According to a Sept. 2 report from news outlet Correio Braziliense, Brazil could be ready for a central bank digital currency (CBDC) in 2022. Roberto Campos Neto, the president of Banco Central, stated that the country’s central bank had already undertaken measures to modernize the Brazilian financial system which has made a CBDC the natural outcome.

 

By Turner Wright via Cointelegraph

 

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Latin American drone delivery company, Speedbird Aero, announced it has received regulatory approval from Brazil’s National Civil Aviation Agency, also known as ANAC, to operate two experimental drone delivery routes in Brazil.

Speedbird Aero operates a proprietary delivery drone with an integrated ParaZero parachute recovery system, and is now the first company in Latin America to win regulatory approval for a drone delivery operation.

 

Via Merco Press

 

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MENSAGEM DE 7 DE SETEMBRO

Dirijo-me a todos os membros da comunidade brasileira residentes na jurisdição do Consulado-Geral em Nova York nesta ocasião em que celebramos os 198 anos da Independência do Brasil.

Quero iniciar com um profundo e respeitoso agradecimento a todos os funcionários do Consulado-Geral que me acompanharam nos últimos três anos, desde fevereiro de 2018, e cuja dedicação e profissionalismo sempre foram amplamente reconhecidos pela comunidade brasileira. O Consulado-Geral está a serviço de todos e esse é o orgulho de todos nós.

Agradeço também especialmente à Câmara de Comércio Brasil-Estados Unidos e a todos os seus integrantes os contínuos esforços que pudemos conjuntamente desenvolver e as inúmeras oportunidades que tive de participar em atividades da Câmara voltadas a disseminar informações sobre o ambiente político e econômico no Brasil, fortalecer as relações comerciais, financeiras e de investimentos entre os dois países, e acolher altas autoridades brasileiras em visita a Nova York.

Por último, um sincero e agradecido reconhecimento às entidades de cunho laico e religioso que congregam de maneira solidária e cooperativa os cerca de 450 mil brasileiros que residem na jurisdição consular (os estados de Nova York, Nova Jersey, Pennsylvania, e o território britânico ultramarino das Ilhas Bermudas), com as quais o Consulado sempre desenvolveu importantes parcerias na prestação de serviços consulares e no atendimento das demandas comunitárias.

Neste ano celebramos a Data Nacional num momento especialmente difícil e que encerra enormes desafios para todos os brasileiros.
Desejo expressar a solidariedade do Consulado-Geral a todas as famílias brasileiras dolorosamente afetadas pela pandemia, com a perda irreparável de vidas humanas. Quero também reiterar nossa mais sincera disposição de contribuir para aliviar, na medida possível, as dificuldades com que se têm enfrentado os brasileiros residentes na jurisdição.

O Consulado-Geral nunca fechou inteiramente suas portas, mesmo nos momentos mais críticos da pandemia em Nova York. Foi mantido atendimento emergencial e mediante plantões durante os meses de março, abril e maio, especialmente com a prestação de serviços de apoio e documentação de viagem aos brasileiros que regressaram ao nosso País. Nossa página eletrônica foi constantemente atualizada com informações úteis para a comunidade, especialmente no que se refere à disponibilidade de voos, e foram prestados serviços de assistência e de registro civil para habilitar a emissão de documentos.

Desde maio, os serviços presenciais foram sendo progressivamente restabelecidos, observando as etapas de segurança determinadas pelas autoridades locais.

O atendimento pelos correios foi mantido durante todo o período.

Atualmente as equipes consulares têm assegurado atendimento presencial em todas as áreas durante quatro dias por semana, e de forma integral por teletrabalho. Os serviços presenciais são realizados mediante agendamento e através de uma nova plataforma eletrônica (e-consular), ferramenta ágil e moderna que permite a solicitação de serviços, o envio e a conferência “online” de documentos. A página eletrônica do Consulado foi também reformulada, para facilitar o acesso pelos consulentes.

O setor cultural do Consulado lançou recentemente o projeto “Brazilian Culture from Home”, iniciativa de promoção cultural em plataformas digitais e que cobre várias vertentes.

A primeira vertente consiste na publicação de edições especiais de nossa newsletter mensal, que renomeamos “Brazil Arts & Culture from Home”. A segunda vertente é a série #BrightenYourDay, que publica semanalmente produções audiovisuais sobre cultura brasileira nas mídias sociais do Consulado. A terceira consiste em postagens semanais nas redes sociais do Consulado de eventos relevantes na programação cultural brasileira em Nova York, como o lançamento de duas novas traduções de “Memórias Póstumas de Bras Cubas”, obra prima do escritor Machado de Assis. Por último, o Consulado-Geral retomou nesta semana o projeto “Arte no Consulado”, que tem por objetivo divulgar o trabalho de fotógrafos e artistas plásticos brasileiros residentes em Nova York. Convidamos a todos a que sigam e prestigiem essas iniciativas.

Na área educacional, o Consulado-Geral acaba de contratar professora que atuará em programas extracurriculares de ensino na United Nations International School (UNIS) e também desenvolverá atividades de promoção da cultura brasileira e de apoio ao ensino do Português como língua de herança na comunidade brasileira.

O Setor de Promoção Comercial e do Agronegócio segue trabalhando em quatro áreas prioritárias: promoção das exportações brasileiras de bens e serviços; captação de investimentos para projetos de infraestrutura no Brasil, sobretudo a carteira de projetos do Programa de Parcerias de Investimentos; promoção do turismo ao Brasil; e apoio e valorização do empreendedorismo na comunidade brasileira. O setor tem promovido e participado de eventos virtuais em coordenação com entidades e associações brasileiras, como a Câmara de Comércio, Secretaria do Programa de Parceria de Investimentos, APEX-Brasil, Sindimóveis, e ABIMAPI, entre outros.

No dia em que celebramos nossa Independência, os brasileiros devem refletir sobre os desafios que o momento nos traz e sobre a enorme tarefa que recai sobre todos nós, mas também de maneira muito especial sobre nossas autoridades e representantes.

Queremos superar com segurança as dificuldades acrescidas pelos efeitos econômicos da pandemia, que aprofundaram o desemprego e as desigualdades sociais. Queremos um País em que em que a dignidade do ser humano se sobreponha a todas as diferenças. Um País que se transforme com solidariedade, com espírito cívico e responsabilidade política. Um País em que todos se sintam plenamente representados, em democracia e sem exclusões. Um País transparente e responsável, que logre retomar o caminho do crescimento inclusivo.

É com essa profissão de fé que os Embaixadores brasileiros em serviço em Nova York, no Consulado-Geral, na Missão junto às Nações Unidas e no Escritório Financeiro, e o Conselheiro Militar nas Nações Unidas, depositaremos na manhã do 7 de setembro oferenda floral em tributo a José Bonifácio de Andrada e Silva, estadista e Patriarca de nossa Independência.

Que tenhamos todos uma Feliz Data Nacional!

Brazil is among the six South American countries that started this week with the transmission of coronavirus under control, according to calculations by Imperial College, a reference in epidemic monitoring.

The Brazilian transmission rate (Rt) estimated by the British epidemic monitoring center is the lowest since the end of April.

 

By Ana Estela de Sousa Pinto via Folha de S. Paulo

 

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Brazil has become the first among the Latin American countries to approve the marketing of gene therapy products. Specifically, the Brazilian Health Regulatory Agency (ANVISA) recently granted marketing authorization for Novartis’ gene therapy products Luxturna® and Zolgensma®. As published in the Brazilian Federal Register, Luxturna® received its marketing authorization on August 6th and a few days later, on August 17th, Zolgensma® received its marketing authorization. Prior to ANVISA’s final decision, both products had been approved by the Brazilian Technical Commission of Biosafety (CTNBio), which is responsible for evaluating biosafety of Genetically Modified Organisms (GMOs) in Brazil.

 

By Lisa L. Mueller via Lexology

 

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Following Brazil’s exit from the 2019 FIFA Women’s World Cup, Brazilian forward and legend Marta Vieira da Silva delivered a passionate message to the next generation.

“This is what I ask of all Brazilian girls,” she said. “The future of women’s football is depending on you to survive. It’s wanting it more. It’s taking care of yourself more. It’s training more. It’s being ready to play 90 minutes and able to play 30 minutes more.”

 

By Alana Glass via Forbes

 

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The price of Brazilian agricultural commodities such as soybeans, corn, coffee and rice has reached record levels as strong demand and a weak currency drove prices higher in local currency, according to data from Cepea, a research center linked to the São Paulo University. Brazil’s soybean quotes are up by more than 50% in nominal terms compared to the same period last year, as China continues to buy ever larger amounts of the oilseeds from Brazil, Cepea data showed.

 

By Roberto Samora via Successful Farming

 

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As the second country in the world most affected by the novel coronavirus pandemic, Brazil recorded a fall in total deaths in August compared to the previous month. There were 28,947 deaths from the disease in August against 32,912 in July, a decrease of 12%.

Worldwide, there were 180,649 deaths in August – 16% of this total in Brazil. According to the World Health Organization, 844,312 deaths have been registered since the beginning of the pandemic.

 

Via Folha de São Paulo

 

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The U.S. and Brazil have not yet reached a deal on U.S. demands to be able to sell the country more ethanol, but the Brazilian government is making clear what it is demanding in return, according to sources in both countries. Brazil wants more access to the lucrative and tightly guarded U.S. sugar market.

The Trump administration, prodded by U.S. lawmakers and lobbyists for America’s corn farmers and ethanol producers, is intent on convincing Brazil to drop its tariff on U.S. ethanol. Meanwhile, Brazil’s Bolsonaro administration is under pressure from the country’s sugar sector to protect farmers’ interests.

 

By Bill Tomson via Agri Pulse

 

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September 1 (Renewables Now) – The Brazilian government inaugurated over the weekend a 5.6-MWp solar power system consisting of 26 distributed generation (DG) arrays spread across Goias state.

Located in the municipality of Caldas Novas, the system should be capable of meeting the power demand of 4,265 families. It is owned by domestic hotelier group Grupo diRoma, the Ministry of Mines and Energy said on Sunday.

 

By Lucas Morais via Renewables Now

 

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After years of high-profile cyber-attacks, Brazil has received a glowing report for its cyber security maturity.

The Organization of American States (OAS) and the University of Oxford’s cyber security centre consulted with Brazilian government agencies and national Cybersecurity Incident Response Teams to evaluate the nation’s preparedness.

 

Via Anti Corruption Digest

 

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Largest and most important Brazilian film festival held outside of Brazil will stream more than 100 movies in the US, from September 26 to October 25.

For the first time ever, the Inffinito Brazilian Film Festival will stream more than 100 Brazilian productions in U.S. territories, from Puerto Rico to Alaska. This is the first time in the United States that audiences beyond Miami and New York will have access to the best films made recently in Brazil and explore the country’s culture through the art of cinema from the comfort of their homes. The program includes fiction and documentary feature films produced and released in 2019/2020, as well as short films, indigenous filmmakers productions, past festival winners and black films, all with English subtitles.

 

Find More Information Here

Targeting the young, growing Brazilian market may be the smartest decision an app publisher can make this year. App installs have been growing at an impressive 30% year-over-year, easily the largest and fastest growth in the region. With the world’s sixth largest population, Brazil’s smartphone growth has exploded in recent years — up 11% in 2019. But it may have only scratched the surface in terms of where the market could go. In 2019, Brazil had a smartphone penetration of only 45.6%, dwarfed in comparison to top countries like the U.K., Germany, and U.S., which are around 80%.

 

By Matt Tubergen

 

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Brazil country-specific exchange traded funds climbed Friday after a major institution of the Brazilian financial system moved to ease liquidity concerns and President Jair Bolsonaro aims to spend big on “Pro-Brazil” infrastructure to stimulate a beleaguered economy.

On Friday, the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) increased 4.3% and the iShares MSCI Brazil Small-Cap ETF (NasdaqGM: EWZS) advanced 3.4%.

 

By Max Chen via ETF Trends

 

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RIO DE JANEIRO, Aug. 27 (Xinhua) — Confidence among Brazil’s industrialists increased for the fourth consecutive month in August, almost fully rebounding from the negative impact of the COVID-19 pandemic, a Brazilian economic think tank said on Thursday.

According to the Getulio Vargas Foundation (FGV), the Industrial Confidence Index rose by 8.9 points in August to 98.7, recovering 40.5 points or 93.8 percent of the 43.2 points it lost in March and April, when the pandemic started to take hold.

 

Via Xinhua.net

 

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SAO PAULO, Aug 27 (Reuters) – Brazilian government has decided to remove temporarily import tariffs on rice, corn and soybeans, an Agriculture Ministry official told local newspaper Valor Economico.

The move aims at fighting inflation, as prices for the three products have risen recently, according to the report.

 

By Carolina Mandl via Successful Farming

 

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The number of fintechs operating in Brazil went from 604 in June last year to 771 in August this year, a 28% growth, according to the 9th edition of Radar Fintechlab survey.

FintechLab co-founder, Fábio Gonsalez, said that there is a high number of new firms present in this edition. Of the 771 companies present, 270 of them, about 35% ,were not included in the previous version of the report. “It is a strong indication that they are startups that are less than a year old. This proves once again that the ecosystem continues to find opportunities to improve services and create new solutions that are very strongly influenced by regulatory advances such as Open Banking and PIX, for example ”, he says.

 

By Marcelo Bradaschia via LABS

 

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São Paulo – In 2014, Brazilian businesswoman Maria Eduarda Becker (pictured above) began her journey in Dubai, United Arab Emirates. She arrived in the country as a barista and established herself as a leading professional there and in neighboring countries such as Saudi Arabia. Now, Becker owns Três Marias Coffee, a brand that she created to offer courses and training to coffee professionals and the public at large. She is also a partner of the trade company Ally Coffee in the Middle East and North Africa (MENA) region and works with them to create market for green coffee, particularly from Brazil and Colombia.

The entrepreneur defends a broader view of the product, going beyond the current hype. “My slogan is ‘Specialty Coffee Made Simple.’ Is it special? Yes, because it’s high-quality. But countries like Brazil show that specialty coffee is made just like any other commodity. It’s just business. It’s made by businesspeople that want to grow and diversify the industry,” she told ANBA.

 

By Thaís Sousa via Brazil-Arab News Agency

 

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Early in the pandemic, the World Health Organization emphasized testing in controlling the pandemic. The phrase, uttered by the Director-General of WHO, Tedros Adhanom, and reverberated around the world. The countries that have best faced the pandemic have had mass testing strategies. After five months, Brazil’s testing capacity is still in its infancy.

But the recent inauguration of a new testing unit at Fiocruz (Fundação Oswaldo Cruz) in Rio de Janeiro, with a processing capacity of up to 15,000 RT-PCR exams per day, and the expectation of opening another unit on Monday ( 24), in the metropolitan region of Fortaleza (CE), with a capacity of 10,000 daily samples, will finally elevate the country to the level of testing in countries such as the United States and England.

 

By Ana Bottallo via Folha de S. Paulo

 

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São Paulo – Students from the Arab countries Algeria, Egypt, Morocco, Tunisia, Lebanon and Syria are eligible to pursue graduate studies in Brazil in 2021. Enrolments will be accepted until September 30 for the selection process of Programa de Estudantes-Convênio de Graduação (PEC-G), the Secretariat for Higher Education at the Brazilian Ministry of Education said.

The PEC-G program is available to students from countries in Africa, Latin America, the Caribbean, Oceania, Asia, and Europe with which Brazil sustains agreements. After completing the program, students are expected to return to their countries of origin. Seats are made available free of charge at Brazilian universities, which are tasked with informing the Ministry of Education how many seats are available, and in what courses.

 

Via Brazil-Arab News Agency

 

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There has been a significant increase in online access to financial offerings and government services in Brazil among low-income citizens, according to a study on the role of the Internet during the Covid-19 outbreak.

The study carried out by Cetic.br, research arm of the Brazilian Network Information Center (NIC.br) suggests that Internet access through all devices has gone up significantly and online traffic in Brazil has reached record levels in the last five months, peaking at 13,5 Tbps.

 

By Angelica Mari via ZD Net

 

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Brazilian crypto companies have signed a code of self-regulation that aims to legitimize and to boost adoption of crypto assets in the country. The document was signed under the auspices of Abcripto, the country’s association of cryptocurrency companies.

According to regional media reports, Brazilian firms that specialize in cryptocurrency custody services, brokerage services, and exchanges “will now have to incorporate measures to prevent crime and money laundering on their platforms.”

 

By Terence Zimwara via Bitcoin.com

 

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Brazilian fintech Ebanx has launched a logistics startup in the United States as part of a strategy to get more international e-commerce firms to tap into the Latin American consumer market.

With its new logistics arm Leve, Ebanx is positioning itself as a strategic partner for retailers wanting to reach Latin markets and are not doing so due to the currently precarious experience consumers in those countries face when buying products from international e-commerce firms.

 

By Angelica Mari via Forbes

 

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SÃO PAULO – In the midst of the growing climate crisis, the world can no longer rely solely on old models of economic development. In this context, the concept of a bioeconomy – activities that produce relatively little carbon, using high-value-added processes – is gaining increasing prominence. But governments and civil-society actors face differing institutional and economic obstacles on the path to a true bioeconomy.

Given historical and current global energy-consumption trends, some European and North American countries have taken seriously the goal of developing renewable energy sources. On the other hand, some countries in the Global South, where agriculture represents the main source of greenhouse-gas emissions and biodiversity loss, face the challenge of establishing a bioeconomy based on new agricultural models.

By Pedro Frizo via Project Syndicate

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Brazil’s biofuels industry is considering blockchain technology to clear logjams that are preventing corn ethanol and biodiesel plants from issuing carbon credits.

According to a recent industry webinar, officials involved in talks between the government and industry leaders are mapping out the challenges of traceability – that is, the ability to document the production process of each corn ethanol or biodiesel plant all the way back to the tens of thousands of corn or soybean farmers that produce the feedstock grains.
”Blockchain technologies may be a solution for improving traceability,” Alexandre Alonso, head of the agroenergy department at the government’s crop research company Embrapa, adding that the approach would also protect proprietary information.
Blockchain, widely used in the cryptocurrency industry, is a digital system that preserves a record of transactions along a supply chain on to a peer-to-peer network for transparency.
Brazil began implementing its sweeping biofuels law known as Renovabio this year. But certification of biofuel plants to issue the carbon credits known as Cbios has lagged.

 

Via Argus

 

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BRASILIA/RIO DE JANEIRO (Reuters) – The spread of coronavirus in Brazil could be about to slow, the Health Ministry said on Wednesday, amid reports the transmission rate has fallen below the key level and early signs of a gradual decline in the weekly totals of cases and fatalities.

The cautious optimism comes despite figures again showing a steady rise in the number of confirmed cases and death toll in the last 24 hours, cementing Brazil’s status as the world’s second biggest COVID-19 hot spot after the United States.

 

By Ricardo Brito and Pedro Fonseca via Reuters

 

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Brazilian health regulators said Tuesday they had approved Johnson & Johnson’s experimental vaccine against the new coronavirus for the final stage of clinical trials, the fourth vaccine to receive widespread testing in the hard-hit country.

The US pharmaceutical company’s subsidiary Janssen will test the vaccine on 7,000 volunteers across seven states in Brazil, part of a group of up to 60,000 worldwide, health regulator Anvisa said in a statement.

 

Via Asia Times

 

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RIO DE JANEIRO – Petrobras and its partners have committed to the third development phase of the Mero project in the Libra block in Brazil’s presalt Santos basin.

The company has signed a letter of intent with Malaysian contractor MISC Berhad for the charter and services for the FPSO Marechal Duque de Caxias for the Mero field, thought to hold up to 4 Bbbl of recoverable oil.

 

Via Offshore

 

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In the first program of this new monthly series, join Greenspoon Marder IP attorneys for a lively discussion around unique pop culture trademark issues.

You’ll hear about hundreds of pending trademark applications for “COVID,” and a bunch of trademark applications for “Ok, Boomer” and variations of “Karen.” Oh my, what a mess!

Aug 27, 2020 01:00 PM in Eastern Time (US and Canada)

 

Click here to Register

Last week, the National Bank for Economic and Social Development (BNDES) announced an increase in the airline bailout, from 2.4 billion reais (US$440 million) to 3.6 billion reais (US$660 million). Why did the bank do that? Also, what are the airlines thinking about financial support? Let’s investigate further.

Since March, Brazilian airlines and the BNDES have been negotiating on a bailout to help them during the COVID-19 crisis. However, the talks between the parties have had delays over and over again.

 

By Daniel Martínez Garbuno via Simple Flying

 

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The Brazilian solar market seems not to have been significantly slowed down by the Covid-19 crisis, according to a new report from Brazil-based consultancy Greener.

The company’s analysts reported that total module shipments in the market in the first half of the year totaled 2,599 MW, with panel imports reaching 2,490 MW and domestic products accounting for 109 MW, which represents around 4.4% of the total market share.

 

By Emiliano Bellini via PV Magazine

 

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Brazilian startup iFood has received authorization from Brazil’s National Civil Aviation Agency (ANAC) to start experimental flights with drones to support its food delivery service.

iFood’s partner companies Speedbird Aero and AL Drones had been working towards securing the authorization for nearly a year. The companies carried out rehearsals as part of the project with ANAC’s participation and received the Experimental Flight Authorization Certificate from the agency on August 5.

 

By Angelica Mari via ZD Net

 

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NEW YORK/SAO PAULO, Aug 14 (Reuters) – Brazil is facing a difficult choice between going up against a powerful local sugar lobby and angering a key ally, U.S. President Donald Trump, as a major decision on international ethanol trade looms.

A Brazilian tax-free ethanol import quota used entirely by U.S. producers is set to expire on Aug. 31, unless the government renews it. Allowing 750 million liters per year, it is a welcome volume for U.S. ethanol makers as the pandemic hit their business.

 

By Marcelo Teixeira, Stephanie Kelly, Roberto Samora and Caroline Stauffer via Reuters

 

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Brazil will require more information and talks before it commits to buying the Russian COVID-19 vaccine, which is at a very early stage, the country’s acting health minister said on Thursday.

With the world’s second-worst coronavirus outbreak, Brazil has become a magnet for drugmakers seeking partners to test their potential vaccines – and then produce and buy the successful candidates.

 

Via The Jakarta Post

 

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Brazil, home to the most severe Covid-19 outbreak in Latin America, is emerging with the region’s shallowest recession this year, thanks to a faster economic reopening and temporary stimulus measures.

The nation that trails only the U.S. as a global virus hotspot has seen key indicators including industrial output and retail sales outstrip economist expectations just as stores and factories resume operations and the government spends billions of dollars worth of emergency aid.

 

By Andrew Rosati via Bloomberg

 

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Rio de Janeiro – Brazil’s cereal, legume and oilseed output is expected to be 250.5 million tons this year. If the forecast from the Brazilian Institute of Geography and Statistics (IBGE) proves true, output will be 9 million tons and 3.8% bigger than in 2019.

The IBGE’s July forecast is up 1.3% from the one from June. The planted area estimate is 64.9 million hectares, up 2.6% year-over-year.

 

By Brazil-Arab News Agency

 

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SANTIAGO (Reuters) – Chile´s Senate approved late on Tuesday a free trade agreement with Brazil, cementing the South American nation´s long-standing relationship with its top trade partner in Latin America.

The agreement, which builds on rules facilitating commerce already in effect between Chile and Mercosur bloc nations Brazil, Argentina, Paraguay and Uruguay, is likely to boost thriving trade between the two nations.

 

By Dave Sherwood via WKZO

 

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Some Twitter users in Brazil may be seeing a timeline that’s purely in Brazilian Portuguese even if they’re following accounts that usually tweet in other languages. That’s because Twitter has started testing automatic translations in the region “to make it easier to understand the conversations [they] follow.” In a blog post by Twitter Brazil, the company said the feature will be on by default for a limited number of users on both iOS and Android. While Twitter already has a translation feature, users still have to click or tap a tweet to activate it.

 

By Mariella Moon via Engadget

 

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While DeFi may have some traders dreaming of complicated lending strategies and governance protocols, in certain parts of the world it’s still Bitcointhat promises a censorship-resistant way to protect against rapidly inflating local currencies.

According to a recent report from analytics firm Arcane Research, Bitcoin has just broken price records in Argentina, Brazil, and Turkey—with growth (in fiat terms) of 169%, 20%, and 5%, respectively, over the last two months.

 

By Jos