SAO PAULO—Toyota Motor Corp. said on Wednesday it will invest 1.7 billion reais ($337.68 million) to manufacture a new hybrid, flex-fuel compact car in Brazil, which will run on both gasoline and ethanol in addition to its electric engine. The Japanese carmaker has been betting big on the segment in the South American country, where…
Fire in a Children’s Shelter in Brazil Leaves at Least 4 Dead, 13 Injured
At least four people died and 13 were injured in a fire at a shelter for children and adolescents in Northeastern Brazil on Friday, the local fire department said. Firemen were called to fight a fire at the Lar Paulo de Tarso charity institution in Recife, capital of the Pernambuco state, at around 4:20 a.m….
Brazil Man Kills 4 Children With Hatchet at Daycare Center
RIO DE JANEIRO—A man with a hatchet jumped over a wall and invaded a daycare center Wednesday in Brazil, killing four children and wounding at least five others, authorities said. The assailant turned himself in at a police station and did not appear to have any connection with the center, which offers nursery services, preschool…
Brazil-China Yuan Trade Deal Not a Game Changer
Commentary According to a statement by the Brazilian government, Brazil and China reached an agreement on March 29 to conduct trade in their own currencies rather than the U.S. dollar. No details have been released on how this will work or if it applies to all trade between the two countries. All that has been made…
Bolsonaro Lands Back in Brazil to Lead Right-Wing Opposition
BRASILIA—Brazil’s former President Jair Bolsonaro returned from three months in the United States on Thursday and was welcomed back by hundreds of chanting supporters at the Brasilia airport before heading straight into meetings with his political party. Bolsonaro, who never formally conceded defeat in last year’s election, has vowed to lead the opposition to President…
China Ditches US Dollars in New Brazil Agreement, Settles First LNG Trade in Yuan
March 30, 2023
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China settled its first purchase of liquefied natural gas (LNG) in the yuan as the world’s second-largest economy continues to accelerate the currency’s presence in the international market. China National Offshore Oil Corporation (CNOOC), the country’s largest offshore oil and gas producer, acquired an LNG shipment from France’s TotalEnergies through the Shanghai Petroleum and Natural…
Bolsonaro to Return to Brazil on March 30, His Party Says
Former Brazilian President Jair Bolsonaro will return to Brazil on March 30, his party confirmed via social media on Friday, following more than three months of visit to the United States after losing his reelection bid. Bolsonaro’s return to Brazil is eagerly awaited by his conservative Liberal Party (PL), which became the largest in the…
Brazilian President Lula Cancels Trip to China Due to Pneumonia: Press Secretary
BRASILIA—Brazilian President Luiz Inacio Lula da Silva has canceled a high-profile trip to China due to medical reasons, and the March 27–31 visit will be rescheduled for a later date, his press secretary said on Saturday. The press secretary released a medical note stating that after a clinical evaluation, the 77-year-old Lula was diagnosed with…
Brazil’s Lula Cancels Trip to China Due to Pneumonia: Press Secretary
BRASILIA—Brazilian President Luiz Inacio Lula da Silva has canceled a high-profile trip to China due to medical reasons, and the March 27-31 visit will be rescheduled for a later date, his press secretary said on Saturday. The press secretary released a medical note stating that after a clinical evaluation, the 77-year-old Lula was diagnosed with…
Australia in Talks With Brazil for Agricultural Trade Agreements
Australia and Brazil have launched negotiations for new agricultural trade agreements allowing the import of Australian barley and wheat, the Brazilian Agriculture Ministry said in a statement on Friday. The meeting was held between the Australian ambassador to Brazil, Sophie Davis, and Brazilian Agriculture Minister Carlos Favaro on Wednesday, according to the ministry. The two…
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