The National Civil Construction Index (Sinapi) closed 2022 with an increase of 10.9%. It is the second highest rate since 2014. Compared to the previous year, when it was 18.65%, there was a decrease of 7.75 percentage points. The December rate contributed to the result, with a change of 0.08%, 0.07 percentage points below the […]
Power towers are knocked down in Paraná and Rondônia; Aneel cites “sabotage and vandalism”
The national electrical system has suffered attacks in recent hours with the demolition of power transmission towers. The operation, however, was not affected and the National Integrated System (SIN) had no problems. Towers were knocked down in Paraná and Rondônia and, according to the National Electric Energy Agency (Aneel), there are signs of “sabotage and […]
European stock markets close without a single direction, with local growth prospects
European stock markets closed with no single direction this Tuesday (10) in trading session marked by the prospects of the next interest rate hike by the European Central Bank (ECB) and with projections of growth in the euro zone. Still, the expectation for the consumer price index (CPI, its acronym in English) of the United […]
IPVA in São Paulo begins to expire on Wednesday (11)
Tomorrow (11) the first installment of the Motor Vehicle Ownership Tax (IPVA) in the state of São Paulo for vehicles with license plate ending in 1 is due. It is also the last day for car owners with this license plate ending to pay the full amount of tax with a 3% discount. Vehicle owners […]
Ceagesp price indicator falls 3.13% in December
After four consecutive months of positive variation, the Ceagesp price index ended December 2022 with a drop of 3.13%, compared to the previous month, after four consecutive months of positive variation. However, in the accumulated of last year, the index closed with an increase of 11.2%, informs in a communiqué the Company of Entrepostos and […]
World Bank maintains forecast that Brazil’s GDP will grow 0.8% this year
The World Bank reaffirmed this Tuesday (10) its projection that the Gross Domestic Product (GDP) of Brazil should increase 0.8% this year and 2% in 2024. The numbers are in the Global Economic Perspectives report and repeat the estimated six months ago. For the year 2022, the institution believes that the Brazilian economy has grown […]
After a long period of trying to clean up the image, Abercrombie & Fitch is “cool” again
Abercrombie & Fitch ditched its mall stores full of perfume, shirtless models and logo hoodies to win over Millennials and Gen Z. It’s working. Abercrombie said Monday that its women’s segment was on track to deliver its biggest ever Christmas sales period, and its men’s division was also growing. The company raised its fourth-quarter and […]
World Bank warns global economy could easily slip into recession in 2023
The World Bank cut its 2023 growth forecasts on Tuesday to levels on the brink of recession for many countries, as the impact of central bank hikes in interest rates intensifies, Russia’s war on Ukraine continues and the world’s main economic engines stumble. The development bank said it now expected global GDP growth of 1.7% […]
BC needs more time to meet inflation target again
Roberto Campos Neto will need time to return the IPCA to the inflation target, his main mandate. The most recent forecasts for the 2023 IPCA are around 5.5%, far from the 3.25% target and outside the index’s accommodation band of 4.75%. To meet its objective, the BC would have to raise the interest rate, which […]
New M&M’s packaging sparks outrage amid US ‘culture war’
M&M’s is making a feminist statement with its latest candy pack, which features an array of female characters — including Purple, its newest addition. Candy maker Mars has announced that the limited-edition women’s pack will only include Purple, Brown and Green — the candy’s trio of female characters, who are upside down on the packaging […]