In 2023, Brazil’s major federal companies, including Petrobras, Banco do Brasil, BNDES, Caixa, and Correios, saw their profits drop by 24% to R$182 billion ($36.4 billion). This downturn occurred in the first year of President Lula’s third term. Petrobras notably experienced a 33% reduction in profit to R$124.6 billion ($24.92 billion). However, the oil giant […]
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Luiz Inácio Lula da Silva, the President of Brazil and current President of Mercosur, has accepted an invitation to participate in the Summit of the Community of Latin American and Caribbean States (CELAC) and the European Union (EU) in Brussels at the end of July. The invitation was extended by Pedro Sánchez, the President of […]
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