The dollar experienced a significant rise against the Brazilian real, mirroring trends in other emerging markets, particularly in Latin America. This upward movement stemmed from two main factors: downward pressure on commodity prices and growing expectations of Donald Trump’s victory in the upcoming US presidential election. Trump’s reinforced rhetoric on import tariffs added weight to […]
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Between 2017 and 2022, Brazil’s e-commerce sector saw an impressive 182% growth, with total revenue reaching R$ 169.6 billion ($34.7 billion). Online orders also increased by 163%, amounting to R$368.7 million ($75.2 million) in 2022. In 2022, out of 83.8 million Brazilian online shoppers, 58% were women and 42% were men. Women thus showed greater […]
Machu Picchu to operate at full capacity despite expected protests
Machu Picchu, the renowned Inca citadel, plans to operate normally this month, despite the anticipated protests, with a daily visitor limit of 4,044 people. According to an announcement by the Ministry of Culture, up to 1,000 same-day tickets will be available on-site, while the remainder can be acquired via a digital platform. Ticket sales will […]
Report highlights the impact of fires on biodiversity in Brazil in the first half of 2023
In the first half of 2023, fires ravaged 2.15 million hectares across Brazil, marking a one percent decrease from the same period in 2022, as outlined by MapBiomas, a collaborative network of civil society organizations. MapBiomas’ report reveals that the Amazon was most affected, with 1.45 million hectares, or 68% of the country’s total burned […]