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brazil

Central Bank of Brazil studies the creation of a cryptocurrency

The Central Bank of Brazil is studying the possibility of developing a digital currency, with the aim of creating a virtual digital extension of the Brazilian real to "accompany the dynamism of technological evolution of the Brazilian economy," as reported in a statement. The agency emphasized the…

Support for Bolsonaro’s government falls

24% of Brazilians approve of the Government of the President of Brazil, Jair Bolsonaro, a percentage that constitutes the lowest approval index obtained by the president since he assumed the Presidency, according to a Datafolha survey. The…

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Brazilian real loses value against the dollar

The exchange rate between the Brazilian real and the US dollar stood at 5.35 reais for every dollar this Thursday, which represents a decline of 1.68% compared to the previous day's price, after the Central Bank of Brazil decided at the…

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Global military spending rises despite the pandemic

Despite the economic crises and the pandemic generated by Covid-19, world military spending has increased by 2.6 % compared to 2019, which is equivalent to about 1.9 trillion dollars, according to the figures offered by the Stockholm…

The USA recommends not traveling to 80 % of the countries of the world

The US State Department increased its 'Do Not Travel' list to 80 % of the world's countries, due to what it considers "an unprecedented risk for travelers" due to the COVID-19 pandemic. The list does not prohibit travels, but makes a…

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IDB provided financing to Brazil for its digital transformation

The Inter-American Development Bank (IDB) granted Brazil a credit line of up to 1,000 million dollars to promote digital transformation in the South American country through better connectivity, the adoption of new technologies by the…

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OECD warns about the growth of informal trade in Latin America

The Organization for Economic Cooperation and Development (OECD) warned that the crisis generated by the pandemic will cause strong increases in labor informality, inequality and poverty in several Latin American countries, so the…

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China plans to work with Brazil in comprehensive strategic partnership

This Saturday, the Minister of Foreign Affairs of China, Wang Yi, expressed his intentions to strengthen ties of union and cooperation with Brazil, in order to promote a comprehensive strategic partnership and continue advancing in the…

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Brazil becomes first Latin American country to launch bitcoin fund

This week, Brazil became the first country in Latin America to launch its own Exchange-Trade Funds (ETF) through the Brazilian Securities and Exchange Commission (CVM). The exchange-traded fund was called "Hashdex Nasdaq Crypto Index ETF",…

Brazil stands out as the largest influencer in Latin America

Mexico, Brazil and Argentina are the Latin American countries with the greatest influence, according to the latest Global Soft Power Index 2021 report from the consulting firm Brand Finance. This year, the ranking incorporates 12 new Latin…

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Commerzbank will close subsidiaries in Venezuela and Barcelona

Germany's second private commercial bank, Commerzbank, plans to close its branches in Barcelona (Spain) and Venezuela, and also sell its subsidiaries in Brazil and Hungary. The measure is due to the results released by the entity in 2020…

Bolsonaro seeks to accelerate privatization of Eletrobras

The president of Brazil, Jair Bolsonaro, along with other members of the Government, handed over to Congress an interim measure to accelerate the privatization of the energy company Eletrobras. The company is on the list of State companies…

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