Under Lula’s administration, Brazil will monitor Venezuela’s controversial presidential election on July 28, which coincides with Hugo Chávez’s birthday. Due to its political significance, the election has captured global interest. However, despite promises of transparency, evidence suggests a biased setup favoring Nicolás Maduro. The pro-Maduro judiciary has barred opposition leader Maria Corína Machado by imposing […]
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No Privatization for Brazil’s Santos Port, LatAm’s largest
On Monday, Ports Minister Silvio Costa Filho confirmed Santos Port will remain public but didn’t dismiss the possibility of Public-Private Partnerships (PPPs). In an interview with CNN Brasil, he said he’ll meet São Paulo Governor Tarcísio de Freitas this Thursday. The Santos port is located in the state of São Paulo, the country’s money engine […]
Pulp Prices Plummet 25% in Three Months, Industry Cautiously Optimistic
The pulp industry has witnessed a significant drop in prices over the past three months. Analysts and industry insiders believe the market may have reached its lowest point. However, they remain cautious about future developments. The pulp market faces uncertainty due to additional supply entering the market. Industry sources suggest two possible scenarios: prices have […]
Petrobras Targets $102 Billion Investment in Five-Year Plan
Petrobras, Brazil’s state-run oil company and Latin America’s largest oil firm has set a bold goal to invest $102 billion from 2024 to 2028. This decision reflects a 31% increase in investment compared to the previous plan. The company’s new direction comes under President Lula’s government. The increase in funds will focus on new projects […]