The Brazilian tobacco industry faced a significant downturn last year, producing 83,000 tons less than the previous period, a substantial 13.7% decline. This reduction led to a noticeable decrease in seasonal employment, with 1,000 fewer positions available, an 8.3% drop from the year before. The Santa Cruz do Sul Workers Union (NOVO STIFA) detailed that […]
Related Posts
IDB and Bank of Brazil Fund Amazon Bioeconomy with $250M
The Inter-American Development Bank (IDB) and the Bank of Brazil are committing $250 million to Amazon bioeconomy projects. They announced this on Thursday. The funding aligns with IDB’s wider sustainable goals for the Amazon. A press release confirmed these details. The initiative will support rural businesses and producers. It will also fund projects for reducing […]
Maputo Port Upgrade Boosts East and South African Trade
Maputo Port, managed by the Maputo Port Development Company (MPDC), is gearing up to double its cargo volume by 2058. The €2 billion investment aims to increase cargo handling from 26.7 million tons in 2023 to 50.9 million tons annually. In 2023, the Port of Maputo recorded 31.2 million tons, surpassing the previous year’s growth […]
Saverin Becomes Brazil’s Wealthiest
According to Forbes, Facebook’s co-founder Eduardo Saverin now leads Brazil’s rich list with a net worth of $17.5 billion after a $400 million increase this week. During seven months, he was surpassed by Vicky Safra and her family, the previous leaders. Interestingly, Saverin alone saw a financial boost among Forbes-listed Brazilian billionaires. Meanwhile, others faced […]