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Brazil’s President Lula da Silva has repealed a program initiated by his predecessor, Jair Bolsonaro, that promoted the establishment of “civic-military schools.” The decision was made after the Ministry of Education determined that the program lacked effectiveness. Under Bolsonaro’s administration, 216 of these schools were opened between 2019 and 2022, with education professionals handling pedagogy […]
In 2023, Brazil’s B3 stock exchange saw a notable increase in individual investors targeting fixed-income assets. The investor base expanded from 14.8 million to 17.1 million, achieving 15% growth. This rise also impacted the custody value, which soared by 30% to R$2.1 trillion ($420 billion) from R$1.64 trillion ($328 billion). Real Estate Credit Letters (LCIs) […]
Italy’s government faces a challenging task as it seeks to increase tax revenue from companies. The administration aims to collect an additional €4 billion ($4.36 billion) by adjusting tax thresholds and removing certain deductions for businesses. This move comes as Finance Minister Giancarlo Giorgetti and his team work to address a €9 billion ($10 billion) […]
