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Brazil’s 2025 Budget Proposal: Higher Wages and Zero Deficit Goals
The Brazilian government submitted its 2025 Annual Budgetary Law Project to Congress, setting the minimum wage at R$ 1,509 ($270). This represents a 6.87% increase from the current wage of R$ 1,412 ($252). The adjustment includes a 3.82% projected increase based on the INPC. Additionally, it includes a 2.91% real increase tied to 2023’s GDP […]
Electric Shower Exit Marks New Era for Brazil’s Dexco
Dexco, a major Brazilian company, has sold its Corona and Thermosystem brands to Zagonel. This move marks Dexco’s departure from the electric shower business. The sale includes a manufacturing plant in Aracaju and distribution centers in Aracaju and Tubarão. Dexco will retain ownership of the Hydra brand. The company expects a financial impact of approximately […]
U.S. Pledges $170 Million to Guatemala to Keep Migrants at Home
During his Washington visit, Guatemalan President Bernardo Arévalo secured a $170 million pledge from the U.S. This fund will enhance health, development, and security in Guatemala, aiming to address migration’s root causes. Arévalo’s discussions with Vice President Kamala Harris and later, President Joe Biden, focused on key issues like migration and anti-corruption efforts. Biden highlighted […]