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Brazil’s Early 2024 Job Surge: Over 719,000 New Positions
In the first quarter of 2024, Brazil witnessed a remarkable job market surge, adding 719,033 formal jobs, as per Caged data. This represented a 34% increase from the previous year, as stated by the Ministry of Labor and Employment As of March, the total reached 46.24 million formally employed workers, reflecting the economy’s vibrancy. This […]
Soybean harvest in northeastern Brazil sets new production record, potentially surpassing India
Northeastern Brazil’s soybean yield has reached an all-time high in 2023, averaging an output of 3.6 thousand tons per hectare, as stated by the National Supply Company (Conab). The ongoing crop season sees unprecedented yield levels across all states in the region with the highest soybean harvests. This soybean crop will be the most significant […]
Brazilian government proposes tax legislation targeting high net worth investment funds
The Brazilian administration has proposed a legislative measure to Congress, aiming to instate taxation on unique investment funds traditionally untaxed. These funds are known for holding significant amounts of wealth. The Finance Minister, Fernando Haddad, announced the proposal, stating the measure targets anomalies in the current tax system. The administration has previously initiated a tax […]