President Luiz Inácio Lula da Silva (PT) determined this Monday (2) the repeal of the privatization processes of eight state-owned companies, initiated during the government of former president Jair Bolsonaro (PL). The list includes Petrobras, Correios, Empresa Brasil de Comunicação (EBC), Social Security Technology and Information Company (Dataprev), warehouses and properties owned by the National […]
European stocks start 2023 higher on positive industry data
European shares rose in the first trading session of 2023 on Monday, as data on euro zone industry suggested the worst was over after a year marked by fears of a recession, as central banks interest rates rose around the world. The pan-European STOXX 600 index closed up 1.08% at 429.49 points, supported by consumer […]
ONS estimates to invest BRL 60.7 billion in energy transmission works by 2027
The expansion of the Brazilian electrical system should demand investments of R$ 60.7 billion in works for transmission of energy in the horizon of 2023 to 2027, according to estimates by the National Electric System Operator (ONS) released this Monday (2). Of this total, R$ 55.7 billion refer to new works, which become necessary in […]
Brazil’s manufacturing PMI falls from 44.3 in November to 44.2 in December
Brazil’s industrial Purchasing Manager’s Index (PMI) fell from 44.3 in November to 44.2 in December, the second-fastest deterioration in the sector’s health since May 2020, released on Monday. (2) S&P Global. The PMI average for the fourth quarter, still according to S&P, was the lowest since the second quarter of 2020. The monthly result covered […]
Elon Musk lost a fortune greater than anyone else in history
Elon Musk’s loss of wealth has become historic. The CEO of Tesla, SpaceX and Twitter is worth $137 billion, according to the Bloomberg Billionaires Index, good enough for second place on the world’s richest list behind LVMH chairman Bernard Arnault. But at its peak in November 2021, Musk’s net worth was $340 billion. That makes […]
Rui Costa cites the importance of intensifying dialogue with the productive sector in possession
During the handover ceremony this Monday (2), the new Minister of the Civil House, Rui Costa, spoke about the “importance and urgency of intensifying dialogue with the productive sector: industry, commerce and agriculture” . He said that he discussed this need with the vice president and minister of Industry, Foreign Trade and Services, Geraldo Alckmin […]
Febraban lowers credit forecast for 2023 and raises default estimate
The Brazilian Federation of Banks (Febraban) announced this Monday (2) that it expects a growth of 8.2% in 2023 in financing granted by the country’s banking system, a slight decrease compared to the previous projection released in November of 8.4 %. According to the federation of banks, the reduction in the projection is a result […]
SUS was hampered by stupidity called spending ceiling, which we will have to revoke, says Lula in inauguration speech
In his inaugural speech in Congress, President Luiz Inacio Lula da Silva said he should revoke the constitutional rule that limits government spending to inflation. “SUS is probably the most democratic of the institutions created by the 1988 Constitution. That is certainly why it has been the most persecuted since then, and it was also […]
Future president of Petrobras says that MP extending fuel exemption may come out “today or tomorrow”
Future president of Petrobras, Jean Paul Prates said this Sunday (1st) that the Provisional Measure that extends for another 60 days the exemption from federal taxes on fuels may be published by the Lula government “today or tomorrow”. The information was anticipated the day before by CNN analysts Thais Herédia and Basília Rodrigues. “With this, […]
INSS retirement rules change in 2023; understand
The 2019 Social Security reform established a minimum retirement age for the National Social Security Institute (INSS) and also a transitional rule for those close to retirement. This adaptation period allows you to have the benefit before. There are five types of transition and, in three cases, there are changes this year. In the rule […]