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Ransom at Rio: Park Project Held Hostage by Crime Groups
In a new development, Mayor Eduardo Paes is actively confronting a growing, dangerous criminal trend in Rio de Janeiro. Criminal factions are extorting R$ 500,000 ($100,000) to permit the construction of Parque Piedade, a development with a budget of R$65 million ($13 million). This echoes a national issue of criminal influence on development projects. Rio’s […]
Brazil’s Trade Balance Navigates Choppy Waters in October 2024
Brazil’s trade landscape revealed a mixed picture in October 2024. The country achieved a trade surplus of R$ 3.86 billion ($689 million) in the fourth week alone. This contributed to a monthly surplus of R$ 21.55 billion ($3.85 billion). The year-to-date surplus reached an impressive R$ 352.62 billion ($62.97 billion). Exports for the fourth week […]