Rio de Janeiro anticipates a 27.3% increase in international tourist arrivals during the week of Madonna’s concert. This surge compares to the same timeframe in 2023. The pop icon is set to perform at Copacabana Beach on May 4th at 9:30 PM local time, with the show expected to last about two hours. This exclusive […]
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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 […]
Brazil Supports UN Chief in Israel-Hamas Dispute
On October 25, Brazil’s Foreign Ministry showed its support for António Guterres, the UN Secretary-General. This endorsement follows Israel’s demand for Guterres to quit his UN role. Israel’s request came after the UN chief made comments about the ongoing Israel-Hamas fighting. Guterres clarified his earlier remarks at a Security Council meeting on October 24. He […]
October Sees Drop in Brazilian Vehicle Production
October’s vehicle production fell by 4.4%, totaling 199,758 units, which shows a decrease when compared to September’s output. This year-over-year comparison also reflects a 3.1% decline. The National Association of Automotive Vehicle Manufacturers, known as Anfavea, provided this data in their detailed monthly briefing. Conversely, Brazil’s vehicle exports rose by 14% from September, reaching 31,276 […]