Brazil registered a total net outflow of $18.01 billion in 2024, the largest amount since 2020, central bank data showed on Wednesday, amid a historic depreciation of the Brazilian real in the final weeks of the year.
Brazilian authorities are gathering in capital Brasilia to mark the second anniversary of an alleged coup attempt by supporters of former far-right President Jair Bolsonaro.
Brazil’s industrial output fell for the second straight month, signaling that tight financial conditions are taking toll on the credit-dependent sector as the central bank prepares to take interest rates even higher.
Brazilian judge Alexandre de Moraes, who last year had led the Supreme Court decision that temporarily suspended social media platform X in the country, said on Wednesday tech firms would need to comply with laws in order to keep operating in Brazil.
Brazil is offering about $815 million in financing for projects aimed at boosting development of strategic minerals within the South American nation.
Brazilians in 2024 withdrew more from savings accounts than they deposited for a fourth straight year, although the outflow fell significantly, central bank data showed on Wednesday. Net withdrawals of 15.
Brazilian airline Azul is expected to sign in the next few weeks a memorandum of understandings with rival carrier Gol's parent Abra for a potential merger between Azul and Gol, newspaper Valor Economico reported on Wednesday.
Brazil's president on Wednesday marked the second anniversary of the alleged coup attempt by supporters of former far-right president Jair Bolsonaro. The building in Brasilia was one of those trashed by Bolsonaro supporters in 2023 in their bid to trigger a military intervention that would oust Lula from office.
Catholics in the small Brazilian city of Santo Antonio de Goias celebrated the Epiphany throughout the weekend and into Monday, the same day the rest of the nation observed Three Kings Day.
A soccer-loving nun from Brazil is believed to have become the world’s oldest living person at nearly 117 following the recent death of a woman from Japan.
Brazil is rapidly emerging as a key hub for data centers, with billions of dollars in investments expected in the coming years. With 34 data centers operating or under construction in Latin America, the company is seeking a minority partner to fund further expansion,