China companies targeting Brazil to manufacture electric vehicles
MercoPress » Brazil
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7h ago
With the European Union and United States strongly limiting imports of electric vehicles, EV, from China, exports of manufactured pure electric and plug-in hybrid cars to Brazil soared 13-fold year-on-year to 40,163 units in April, making it the biggest export market for a second straight month, according to data from the China Passenger Car Association (CPCA ..read more
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Porto Alegre's metro runs again after unprecedented floods
MercoPress » Brazil
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2d ago
Urban trains in Porto Alegre resumed operations this week, albeit on shortened routes, as the capital city of the Brazilian State of Rio Grande do Sul slowly recovers from the unprecedented floods caused by rains way above average, Agencia Brasil reported. Convoy capacity was also cut down to 30,000 passengers from the usual 110,000 passengers on working days ..read more
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Gol and Azul engaged in merger talks
MercoPress » Brazil
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3d ago
Less than a week after announcing a codeshare agreement for flights marketed jointly but operated separately, Brazilian carriers Gol and Azul were reported to have engaged in talks that could lead to a full-size merger that would reshape the entire gameboard for the aviation industry in the region ..read more
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Brazil downgrades diplomatic mission in Tel Aviv
MercoPress » Brazil
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4d ago
The government of Brazilian President Luiz Inácio Lula da Silva announced on Wednesday the transfer of Ambassador Frederico Meyer from Tel Aviv to Geneva to head the mission before the United Nations (UN) Conference on Disarmament, Agencia Brasil reported. According to the Diário Oficial da Uniao, a replacement has not been sent to Israel ..read more
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Red Sea distortion plus Mexico and Brazil record imports from China have seen shipping rates balloon
MercoPress » Brazil
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4d ago
The global container shipping capacity has been strained due to the Red Sea/Suez Canal situation and a restocking cycle in the U.S. and Europe with strong purchasing of Chinese goods. On May 17, the Shanghai Export Containerized Freight Index (SCFI) rose to 2520.76 points, a 9.3% increase from the previous week and more than a 130% increase since the Red Sea crisis in December, points out the Shanghai Shipping Exchange ..read more
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Cerrado surpasses Amazon as Brazil's most destroyed biome in 2023
MercoPress » Brazil
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4d ago
According to the latest MapBiomas survey, the Cerrado has surpassed the Amazon as Brazil's most deforested biome in 2023 following the damages detected in the region known as Matopiba, which includes Maranhão, Tocantins, Piauí, and Bahia totaling 1,110,326 hectares destroyed, a 68% increase from 2022 ..read more
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Petrobras' new CEO upholds current pricing policy
MercoPress » Brazil
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5d ago
The new CEO of Brazil's State-run oil company Petrobras Monday defended during a press conference the company's current pricing policies to preserve domestic market stability, Agência Brasil reported. Magda Chambriard had been on her post three days after a reshuffle ordered by President Luiz Inácio Lula da Silva ..read more
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Brazil's growing concern with Argentine recession as exports and a trade surplus turn negative
MercoPress » Brazil
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1w ago
Brazil is deeply concerned with the declining trade export volumes to Argentina, which while last year expanded 8,9% in the first four months of 2024 have fallen 29,9%, and experts wonder if the Mercosur partner finally recovers from its current recession, will it continue on trusting a bilateral relation or appeal to China, US, or Europe ..read more
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Azul and Gol launch codeshare partnership
MercoPress » Brazil
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1w ago
Brazilian carriers Azul and Gol announced an agreement whereby each company could sell seats on codeshare domestic flights solely operated by the other, Agencia Brasil reported Friday. The understanding will become effective next month, it was also explained. Routes on which both companies compete directly are excluded ..read more
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Brazil and US agree to boost trade and investments to celebrate 200 years of diplomatic relations
MercoPress » Brazil
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1w ago
Brazil and the United States will mark 200 years of diplomatic relations on Sunday, May 26. On this date in 1824 United States recognized Brazil’s independence, signaling the beginning of extensive political, economic, and cultural ties ..read more
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