Petrobras shares drop as Brazil’s Bolsonaro slams pricing policy

Petrobras shares plunged 21 percent on Monday, wiping out 70 billion reais ($12.6bn) in market value, as Brazilian President Jair Bolsonaro again slammed the state-controlled oil company’s pricing policies after he replaced its market-friendly CEO with a retired army general. The selloff, following a series of analyst downgrades, deepened after Bolsonaro said the company’s fuel policy was only […]

Failure to contain COVID jeopardises Latin America recovery: IMF

The economic recovery of Latin America will remain uneven and at risk unless governments take control of the pandemic and COVID-19 cases decrease, the International Monetary Fund (IMF) warned Monday. “If there are no major achievements in vaccinations, if we cannot reverse the trend that we have seen in infections and mortality, then clearly, that […]

Pfizer applies for full COVID-19 vaccine approval in Brazil

President Jair Bolsonaro’s handling of pandemic and slow vaccine distribution has led to protests and investigation. Pfizer Inc has applied for full regulatory approval for its COVID-19 vaccine in Brazil, the country’s health regulator said on Saturday, amid continuing unrest over right-wing President Jair Bolsonaro’s response to the pandemic and slow vaccine roll-out. The Pfizer-BioNTech […]

Brazil’s Bolsonaro faces probe after hospitals ran out of oxygen

Brazil’s prosecutor-general has opened a preliminary investigation into the country’s president and health minister for possible negligence in response to the COVID-19 outbreak in Manaus city, according to a document seen by the Reuters news agency. Located deep in the Amazon rainforest, Manaus has been hit hard by a brutal second wave of cases that […]

Brazil’s Bolsonaro accuses syringe makers of COVID price gouging

Brazilian President Jair Bolsonaro accused syringe makers of pushing up their prices after the government failed to buy hundreds of millions of syringes via auction for its COVID-19 vaccination drive. Brazilian President Jair Bolsonaro accused syringe makers on Wednesday of pushing up their prices after the government failed to buy hundreds of millions of syringes […]

Deforestation in Brazil’s Amazon to 12-year high under Bolsonaro

Destruction of the world’s largest rainforest in 2020 rose 9.5 percent from a year earlier according to government data. Deforestation in Brazil’s Amazon rainforest surged to a 12-year high in 2020, official government data showed on Monday, with destruction soaring since President Jair Bolsonaro took office and weakened environmental enforcement. In 2020, destruction of the world’s […]

‘Tropical Trump’: Where will Brazil’s Bolsonaro stand with Biden?

Rio de Janeiro, Brazil –  It takes two to tango, the saying goes, and over the past two years, United States President Donald Trump has found his ideal partner in Brazilian President Jair Bolsonaro. The leader of Latin America’s largest economy, Bolsonaro followed Trump’s lead almost step by step even when it did not serve […]

Deforestation in Brazil’s Amazon rises for first time in 4 months #duzline #duzlinenews #follow4follow

Brazilians are clearing the Amazon faster amid Jair Bolsonaro’s weakened environmental enforcement. Deforestation in Brazil’s Amazon increased in October for the first time in four months, government data showed on Friday, as the destruction of the world’s largest rainforest remains high under right-wing President Jair Bolsonaro. In October, deforestation rose 50 percent from the previous […]

Brazil court decision sparks fears over Indigenous land

When Kawore Parakana sees the smoke rising on the horizon, the Indigenous leader knows that another part of Brazil’s Amazon rainforest is gone. For more than three decades, the Parakana people have been fighting to protect their land in the Apyterewa reservation, in the northern state of Para, from illegal miners, loggers and farmers who […]