This Wednesday marked a significant moment: the U.S. dollar soared to R$ 5.30, reaching its highest point in 15 months. This spike is tied to fears over Brazil’s fiscal policy, especially potential changes that could scrap taxes on certain imports under the Green Mobility and Innovation Program. The Brazilian real has steadily lost ground, depreciating […]
Related Posts
Brazil Revisits Same-Sex Marriage: A Shift or a Step Back?
A controversial proposal aiming to ban same-sex marriage in Brazil initially passed the Congressional Committee with a 12 to 5 vote. Now, two more committees, Human Rights and Constitution and Justice, will review it. If both approve, it will go to a Senate vote. In 2011, Brazil’s Supreme Court STF legalized same-sex marriage. Legal experts […]
Economic Challenges Drive Surge in Judicial Recoveries Across Brazil
The third quarter of 2024 saw a significant increase in judicial recoveries across Brazil. A total of 433 companies received court approval to negotiate debts with creditors, representing a 13.8% rise compared to the same period in 2023. Minas Gerais experienced the most substantial growth, with a 19% increase in judicial recoveries. The financial crisis […]