Brazil’s steel output experienced a drop of 8.6% from January to July 2023, amounting to 18.6 million tons, according to the country’s steel industry association, Aço Brasil. Being a leading steel producer globally, Brazil saw a production decline of 4.7% in July compared to the same month in the previous year. However, imports witnessed a […]
Related Posts
Brazilian Stocks Rise, Dollar Falls
Brazil’s Ibovespa index, a key stock market indicator, saw an increase, fueled by major companies like Petrobras and Vale. By 1 PM Brasília time, the Ibovespa had climbed by 0.57%. It reached 131,833 points. Meanwhile, the US dollar fell. It traded at R$ 4.87. This marked a 0.73% drop. Investors paid attention to the Monetary […]
Brazil’s Haddad Call for Billionaire Tax at G20
Brazil’s Finance Minister, Fernando Haddad, has taken a strong stance at the G20 meetings, proposing a tax on the world’s billionaires. This call for reform, aimed at bridging the wealth gap globally, showcases Brazil’s commitment to social justice and fairness. Haddad’s initiative, inspired by the EU Tax Observatory’s findings, reveals that billionaires’ tax rates are […]
São Paulo Tourism Achieves Unprecedented Financial Milestone
In 2023, São Paulo’s tourism industry hit a record high, achieving a financial turnover of R$ 289.6 billion ($60 billion). This peak marks the sector’s highest financial performance in history, raising its contribution to the state’s GDP to 9.3%. This achievement is noted by the Tourism Economy Intelligence Center (CIET) in partnership with the São […]