Brazil’s Campos targets taxes, Petrobras to boost economy

April 17, 2014

Brian Winter & Jeferson Ribeiro – Reuters, 4/17/2014

Eduardo Campos, the centrist former state governor running third in Brazil‘s presidential race, plans to lower the tax burden and set a formula to automatically raise fuel prices at state-run oil company Petrobras if he wins the October election.

In a wide-ranging interview, Campos defended those and other reforms championed by Brazil’s business community, which has largely soured on left-leaning President Dilma Rousseff after three-plus years of slow economic growth.

Recent polls show Rousseff with a clear lead as she seeks a second term. She has around 40 percent support thanks to strong backing from poorer Brazilians who are happy with government welfare programs and unemployment still at record lows.

Read more…


Farmers seeking heat relief signal Brazil climate peril

April 17, 2014

Raymond Colitt – Bloomberg, 4/17/2014

Brazil may see a mass migration of crops and farm workers from huge swaths of currently tillable lands to more temperate zones as global warming takes hold, according to leading climate experts in the country.

Longtime Brazilian climate researcher Hilton Silveira Pinto points to the drought that’s cutting grain and coffee output this year as an indicator that rising global temperatures may already be impacting the country’s crops.

“This is a taste of what is to come in the future,” said Pinto, a professor at theCenter for Meteorological and Climate Research Applied to Agriculture at the University of Campinas.

Read more…


Brazil takes a lead in the future of the Internet

April 16, 2014

Angelica Mari – Brazil Tech, 4/16/2014

The Brazilian government believes that it is in a strong position to lead the debate around global Internet governance and hopes to “energize” other countries to participate more actively in the future of the Net.

When debating the topics to be discussed at next week’s Internet governance event NETmundial, the information technology secretary at the Ministry of Science, Technology and Innovation Virgílio Almeida, remarked that Brazil has the authority to be a leader in the subject of Internet governance.

“Not a lot of countries have a body like the [Brazilian Internet steering committee] CGI.br, which is a truly multistakeholder organization that has been in place for over 20 years and provided the source of the principles that will shape next week’s discussions,” Almeida told ZDNet.

Read more…

 


Brazil’s star, Petrbras, is hobbled by scandal and stagnation

April 16, 2014

Simon Romero & Landon Thomas Jr – The New York Times, 4/15/2014

No company has embodied Brazil’s rise like the oil giant Petrobras.

Bolstered by some of this century’s largest oil discoveries, Petrobras soared into the top ranks of global energy producers. Executives at the state-controlled company boasted that it could even outstrip Apple as the world’s most valuable publicly traded company. Political leaders here said Brazil was on the cusp of energy independence.

Now Petrobras is coming to symbolize something else entirely: the disarray afflicting Brazil’s sluggish economy and the reassessment of growth prospects in emerging markets around the world.

Read more….


The world’s first Internet governance plan: what do you want to know?

April 15, 2014

Angelica Mari – Brazil Tech, 4/15/2014

Later this month, the Brazilian government will present its suggestions for a global Internet governance model, which will set out provisions around net neutrality, right to privacy and freedom of expression online.

The plan will be discussed at multistakeholder event NETmundial, which will take place in São Paulo on April 22-23 with the participation of Brazil, France, Ghana, Germany, India, Indonesia, South Africa, South Korea, Tunisia, Turkey and the US. The event’s collaborative draft agreementhas been released by WikiLeaks last week.

ZDNet will discuss these upcoming proposals with the secretary of information technology policies at the Brazilian ministry of science and technology, Virgílio Almeida today (15) and want your opinion on the matter.

Read more…


Joe Biden to attend World Cup in Brazil

April 15, 2014

The Wall Street Journal, 4/14/2014

The White House announced that Vice President Joe Biden will travel to Brazil in June to attend the 2014 FIFA World Cup.

The White House said Mr. Biden will attend a game of the U.S. national team, but didn’t provide more details. The U.S. is scheduled to play Ghana  on June 16, Portugal on June 22, and Germany on June 26 — considered one of the toughest groups in the competition. The top two teams from the group, Group G, advance to the round of 16.

In 2010, Mr. Biden was in South Africa for the World Cup. Ahead of the USA game against England,he predicted a USA upset. “[I]n the spirit of the Irish, I want to say that we’re going to beat England.” The game ended in a draw, which was a good result for the underdog American side — and inspired the New York Post headline, “USA Wins 1-1.

Read more…


Brazil’s finance minister rejects criticism of World Cup, economy

April 10, 2014

Luciana Magalhaes & Rogerio Jelmayer – The Wall Street Journal, 4/9/2014

Brazilian Finance Minister Guido Mantega blasted critics of his country’s World Cup preparations and vowed that Brazil’s economy would revive from its lethargy, for which he mainly blamed outside forces.

“I believe that the Cup is being politicized,” Mr. Mantega said in an interview with The Wall Street Journal in New York before attending a gathering of the International Monetary Fund. “For Brazil to host the Cup, it needs to meet FIFA’s requirements for a certain numbers of stadiums and seats, and that is being done,” he said, referring to the world soccer governing body.

Read more…


Drought in Brazil drives the price of coffee beans to a record high

April 10, 2014

Rupert Neate – The Guardian, 4/10/2014

Coffee bean prices have hit their highest level in more than two years amid fears that droughts in Brazil could lead to a global shortage of coffee. The price of arabica beans – the most popular variety – has risen by 20% this week and hit $2.07 (£1.23) per lb on Thursday, the highest since February 2012. So far this year, the price of arabica beans, originally indigenous to Ethiopia and favoured by Starbucks, Costa Coffee and Caffè Nero, has risen by 70%.

The price was driven higher on Thursday by further dry weather forecasts forBrazil – the world’s biggest producer, which has already experienced its worst droughts in decades. Analyst expect global demand to be around 146m bags this year, outstripping supply by more than 7m bags, and warned that prices could hit $3 per lb.

Read more…


Brazil inflation expected to hit highest rate since August

April 8, 2014

Regerio Jelmayer – The Wall Street Journal, 4/7/2014

Brazil’s inflation problem will be back on the front pages this week as the official consumer price index is expected to move above 6% per year, reaching its highest level since August 2013 and pushing up the chances of more interest rate increases.

A survey by The Wall Street Journal of 12 economists showed 12-month inflation rising to 6.08% for the 12 months ended March, up from 5.68% at the end of February. Some see inflation headed above the 6.5% upper limit of the government’s target range.

Behind the price push? Higher airfares during Carnival is one, temporary problem. More worryingly, however, is a shock from food prices that is proving resilient, amid one of the worst droughts in 40 years. And there may be more further down the line, too.

Read more…


Sports chief: Brazil government must act on Rio

April 8, 2014

Stephen Wilson – AP, 4/8/2014

The head of Olympic summer sports federations called for urgent action Tuesday to tackle the critical delays facing the 2016 Games in Rio de Janeiro and accused the Brazilian government of neglecting the crisis.

In an interview with The Associated Press, Francesco Ricci Bitti said Rio’s troubled preparations are reaching a stage where some sports may need to consider “Plan B” options for their venues.

“It’s getting very serious,” the Italian said. “We have an organizing committee with good people but without the leverage to cope with the problem. … We are scared. This is not a country like China where you can ask people to work by night. In Brazil, this could not happen. The government has to change speed.”

Read more…


Follow

Get every new post delivered to your Inbox.

Join 4,907 other followers

%d bloggers like this: