Five Candidates Tied for 2nd Place in Rio’s Mayoral Race
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Over 4.8 million residents of Rio de Janeiro are expected to choose between eleven candidates who will be their next mayor. As the October 2nd election day nears five candidates are technically tied for second place with analysts not venturing to guess who will […]
Brazil Increases Inflation Forecast for 2016 to 7.3 Percent
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Central Bank increased its forecast of annual inflation for this year, from a 6.9 percent forecast in June to 7.3 percent. The increase in inflation forecast is in the Quarterly Inflation Report, released on Tuesday (September 27th) in Brasilia. This latest forecast, however, calls […]
Rio Inaugurates Athletes’ Forest at Parque Radical
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – Rio de Janeiro city and Olympic officials joined with athletes and municipal school students last week to unveil the Athletes’ Forest at Parque Radical in Deodoro. At the ceremony, one hundred seedlings were planted in a six thousand square meter grassy knoll alongside Parque Radical, […]
Brexit and Financial Planning for Expats in Brazil: Sponsored
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – For most expatriates, Brexit, the UK’s vote to leave the European Union, was an unwelcome shock with potential consequences for their financial planning. The aftermath saw the FTSE100 fall sharply and rebound to just under 6900 points, just short of its record level in 2015. […]
Former Chief of Staff Arrested in Bribery Scandal in Brazil
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Former Finance Minister under Luiz Inacio Lula da Silva’s administration, and former president Dilma Rousseff’s Chief of Staff Antonio Palocci, was arrested today by federal police in connection with the Lava Jato (Car Wash) investigations. According to officials, there is evidence that Palocci acted as […]
Brazil’s Petrobras To Sell Gas Pipeline For US$5.19 Billion
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian oil giant Petrobras announced on Friday that its Board of Directors have approved the sale of ninety percent of Nova Transportadora do Sudeste (NTS) pipeline to a consortium led by Brookfield for US$5.19 billion. “This transaction is significant for the Petrobras Divestment Plan,” stated […]
Rio’s Flamengo Pushing to Play in Deodoro in October
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – Last week, Brazil’s Ministry of Sports confirmed that Rio’s Flamengo football (soccer) club formally requested permission to play in Deodoro Stadium in Rio’s Zona Oeste (West Zone). Due to the Rio 2016 Olympics and Paralympics, both Maracanã and Engenhão stadiums have been unavailable for several […]
Festival LivMundi Promotes Sustainability on Oct 8-9th in Rio
By Sarah Brown, Contributing Reporter RIO DE JANEIRO, BRAZIL – Festival LivMundi will take over several spaces in Gavea and Jardim Botânico between Saturday, October 8th and Sunday, October 9th. Through a series of speeches, seminars and workshops, LivMundi simultaneously will educate about broad concepts in sustainability whilst breaking it down to a local level […]
Brazilian Government Announces New Education Model
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The signing of a new educational model for Brazilian high school public schools has received both strong criticism and praise. The new model signed by Brazilian President Michel Temer on Thursday calls for the doing away with most mandatory subjects, with the objective of making […]
Brazil’s Industrial Sector Has Optimistic Outlook for Future
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After 21 months of decline, Brazilian industrial production has finally stopped falling, according to the monthly survey conducted by the National Confederation of Industry (CNI) to measure industrial intentions. Data from CNI shows a more optimistic outlook for industry with the production index at 50.8 […]
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