(Analysis) Xi Jinping’s recent call for Brazil and China to “sail together” signals more than diplomatic pleasantries. The Chinese leader’s statement comes at a crucial moment when both countries seek to reshape global economic power dynamics. The numbers speak clearly. China buys $120 billion worth of Brazilian goods annually, making it Brazil’s biggest customer for […]
The Brazilian automotive industry has made a remarkable comeback. Recent sales figures rival pre-pandemic levels, showcasing the sector’s resilience. In October, Brazil emerged as the world’s fifth-largest vehicle market, surpassing Germany, a major economic powerhouse. This achievement marks a significant milestone for Brazil’s automotive sector. With 265,000 vehicles registered, including cars, light commercial vehicles, trucks, […]
Brazil faces a critical decision regarding its petroleum future. Without new discoveries, the country may become a net oil importer within a decade. This shift could significantly impact Brazil’s energy independence and economic stability. Currently, Brazil produces 3.47 million barrels of oil daily, totaling 1.2 billion barrels annually. With proven reserves of 15.9 billion barrels, […]
In a significant move, Petrobras has decided to breathe new life into its long-dormant fertilizer plant. The state-owned oil company’s board of directors gave the green light to resume work on the Nitrogen Fertilizer Unit (UFN-III) in Três Lagoas, Mato Grosso do Sul. This decision marks a shift in Petrobras’ strategy, aligning with the federal […]
President Luiz Inácio Lula da Silva of Brazil has expressed his willingness to ban online sports betting companies if regulatory measures fail. The president shared his thoughts on Thursday during a radio interview with Radio Metrópole in Salvador, Bahia. Lula emphasized the importance of protecting vulnerable families and children from the potential risks of online […]