In April 2024, Brazil’s government collected a record R$228.87 billion ($44.89 billion), the highest April revenue since 1995. Announced on May 21, this 8.26% increase from last year underscores a robust economic upswing. The end of fuel tax reductions primarily drove this remarkable surge. The new situation was spiking PIS/Pasep and Cofins tax collections to […]
Related Posts
Hamas and Israel Nearing Truce Agreement
Ismail Haniyeh, Hamas’ leader, announced on Tuesday, November 21, 2023, that a truce with Israel is within reach. This announcement comes amid ongoing conflicts in the Gaza Strip. The talks, led by Qatar, Egypt, and the USA, aim for a ceasefire lasting at least five days and include the release of hostages. It’s believed that […]
Iron Ore Prices Tumble: A Reflection of China’s Economic Woes
Iron ore futures on China’s Dalian Commodity Exchange took a sharp dive Tuesday, marking their most significant drop in nearly two years. Disheartening economic data from China led to this decline, overshadowing the demand outlook. Meanwhile, strong global supply continued to suppress prices. On that day, the most traded January contract fell by 4.74% to […]
Green Growth: Brazil’s Cerrado’s $72 Billion Opportunity
Brazil’s Cerrado stands to gain $72 billion a year by marrying environmental conservation with sustainable food production, job creation, tourism, and green industries. A World Economic Forum report highlights the Cerrado’s crucial role, contributing 60% to Brazil’s and 22% to global soy exports. Historically overshadowed by the Amazon, the Cerrado saw a 43% deforestation spike […]