U.S. confirms talks with Russia over Evan Gershkovich prisoner swap
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Mercado Livre Leads as Brazil’s E-commerce Market Expands
Brazil’s e-commerce sector is poised for record-breaking sales in 2024, according to FecomercioSP projections. This forecast follows an impressive 2023, where revenues hit R$ 205.1 billion ($36.6 billion). The industry’s growth trajectory has been steep since 2020 when pandemic-induced lockdowns sparked an 80.9% revenue increase from 2019. Recent data supports this optimistic outlook. The first […]
41 people charged in Paraguay after operation against suspected Brazilian drug network
On Tuesday, the Public Ministry of Paraguay pressed charges against 41 individuals for alleged money laundering and participation in a criminal association. The charges were filed as part of an operation targeting an alleged network in Paraguay linked to Brazilian drug trafficker Jarvis Chimenes Pavão, who was extradited back to Brazil in December 2017. The […]
Brazil’s Stock Market’s Post-Holiday Surge
Following the Christmas holiday, Brazil’s Ibovespa index experienced a notable surge. On Tuesday, the index rose by 0.39%, reaching 133,267 points, driven by strong performances from Petrobras and Vale. Meanwhile, the dollar saw a modest decline, trading at R$ 4.85. Investors in Brazil are keenly awaiting new fiscal measures aimed at achieving a primary deficit […]