According to a study released this Thursday by the Brazilian entities Institute of Energy and Environment (Iema) and the Climate Observatory (OC), Brazil has the capacity to double biofuel production and consumption by 2050 by using degraded areas for agricultural expansion.
“The report, titled…
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Jair Bolsonaro’s defense could appeal sentence
The case of Jair Bolsonaro, former Brazilian president, is in the spotlight after the Supreme Federal Court found him guilty of attempted coup d'état in 2022, with a sentence of 27 years and three months in prison.
Bolsonaro's defense…
Brazil formalizes its application for IEA membership
Brazil has formalized its application to become a member of the International Energy Agency (IEA), an organization that "brings together the major energy consumers of the developed world," the OECD-affiliated body announced.
According to…
IEA forecasts increase in global oil production, led by three Latin American countries
The International Energy Agency (IEA) estimates that oil demand will continue to rise. In this context, production is expected to continue at this upward pace, reaching 5.8 million barrels per day, with a quarter coming from Argentina,…
Mercosur and Canada to resume free trade agreement negotiations
Canada and Mercosur member States will resume negotiations on a free trade agreement in October, a Brazilian representative said last week.
The announcement comes as a light at the end of the tunnel for the parties amid the tariff…
Brazil leads crypto regulation in Latin America
The cryptocurrency exchange CryptoMKT has highlighted the work of the Central Bank of Brazil in crypto regulation, making the country a leader in Latin America.
According to the platform, the South American country follows international…
Brazil and Mexico strengthen trade relations with a new agreement
Thanks to the signing of a new trade agreement, Mexico will receive from Brazil a product in high demand: processed bones, due to its use in the production of fertilizers, collagen, animal feed, and gelatin.
According to a statement on the…
Brazil obtains €300 million loan to develop electricity grids
The Spanish company Iberdrola obtained a €300 million loan from the European Investment Bank (EIB) for the construction of electricity grids in Brazil. The term is 10 years "with a two-year grace period for principal payments," to work…
Brazil and China to develop CBERS-5 geostationary satellite
Brazil and China signed an agreement for the joint development of the CBERS-5 geostationary satellite, as part of the China-Brazil Earth Resources Satellite (CBERS) program.
The signing of this agreement was announced last week, when…
Chile to host International Summit for Democracy and Multilateralism
The Summit for Democracy and Multilateralism will take place in Santiago, Chile, on July 21st. The event will be chaired by President Gabriel Boric.
The Chilean president will welcome his counterparts Luiz Inácio Lula da Silva of Brazil,…
Brazil reduced its fiscal deficit to 7.56 % of GDP in May
In May, Brazil's fiscal deficit narrowed to 7.56 % of accumulated Gross Domestic Product over the last 12 months, according to the Central Bank's report released Monday.
"In May alone, the consolidated nominal public sector deficit of…
Brazil keeps economic growth
Brazil, Latin America's largest economy, maintained its economic growth of 0.4 % during April, leveraged by the services sector.
However, the growth rate slowed to 0.2 % according to Central Bank reports and IMF projections.
The BCB…