(Opinion) The BRICS summit in Johannesburg explored expanding the alliance by potentially inviting six nations from January 2024: UAE, Saudi Arabia, Iran, Argentina, Egypt, and Ethiopia. While Argentina’s membership is uncertain due to its upcoming elections, the criteria for selection centered on “geopolitical significance.” Most invitees have strong ties to China, which is pushing for […]
Related Posts
Ibovespa Dips as Market Risk Aversion Grows; Vale and Petrobras Offer No Support
The Brazilian stock market index, Ibovespa, started the week with a slight decline. Vale and Petrobras, two major players, failed to provide the necessary boost to the market. The trading session began on a positive note this Monday, but investor sentiment soon shifted. New data on public accounts and a revised Selic rate forecast in […]

Brazilian soybean and corn exports rise sharply in July
The National Association of Cereal Exporters (Anec) reports a considerable increase in Brazilian soybean and corn exports in July. Soybean exports are expected to reach 8.8 million tons, a 25.5% rise from the 7.009 million tons exported in July last year. This comes after June’s shipments tallying at 13.834 million tons. In addition, the week […]
Petrobras and the Paradox of Oil in Brazil’s Energy Transition
Magda Chambriard, at 66, steps into her role as Petrobras’ new president amid a global push for sustainable energy. Yet, she champions expanding oil exploration in Brazil. In Rio de Janeiro, Chambriard argues that oil revenue is crucial to fund Brazil’s transition to sustainable energy practices. She points to the equatorial margin, especially block 59 […]