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[15 Apr 2012 | No Comment | ]

Planemakers and bitter rivals Airbus of Europe, Boeing of the U.S. and Embraer of Brazil have announced a joint plan to develop affordable biofuels for the airplane industry.
The airplane sector leaders agreed to seek opportunities “to speak in unity” to government and biofuel producers “to support, promote and accelerate the availability of sustainable new jet fuel sources,” a joint statement from the companies said.
The collaboration is intended to come up with a so-called “drop in” technology that all airplane models could use, regardless of the make.
Airbus and Boeing have already …

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[23 Feb 2012 | No Comment | ]

The government of Rio de Janeiro state will distribute more than three million condoms free of charge during Brazil’s five-day carnival that begins Friday.
State health officials said their “using a condom rates 10 in harmony” campaign aims to prevent AIDS and other sexually transmitted diseases, or STDs, particularly among the young.
The prophylactics will be handed out to revelers who will pack the Sambodrome to watch the dazzling parades of leading samba schools Sunday night and Monday night as well as those who attend the various dancing-and-drinking street parties across the …

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[31 Dec 2011 | No Comment | ]

Brazil has overtaken Britain as the world’s sixth largest economy, a London-based research group says.
In its latest World Economic League Table, the Centre for Economics and Business Research (CEBR) said Asian countries were moving up while European countries were slipping down.
CEBR chief executive Douglas McWilliams told BBC radio that Brazil’s advance was part of a wider trend.
“I think it’s part of the big economic change, where not only are we seeing a shift from the west to the east, but we’re also seeing that countries that produce vital commodities – …

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[17 Nov 2011 | No Comment | ]

Elite police units backed by armoured military vehicles and helicopters invaded Rio’s largest slum before dawn on Sunday, the most ambitious operation yet in an offensive that seeks to bring security to a seaside city long known for violence.
The action is part of a policing campaign to drive heavily armed drug gangs out of the city’s slums, where the traffickers have ruled for decades.
Authorities have vowed to continue the crackdown and stabilise Rio’s security before the city hosts the 2014 FIFA World Cup and the 2016 Olympic Games.
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[7 Aug 2011 | No Comment | ]

Brazilian President Dilma Rousseff unveiled plans for a range of tax breaks and incentives to help domestic industry cope with competitiveness lost from the surging real.
“Today more than ever, it is imperative to protect Brazilian industry and our jobs from unfair competition and the currency war, which hurts our exports and, worse, affects our domestic market” with a flood of imports, said Rousseff.
The moves unveiled by Rousseff, largely in the technology sector, call for tax breaks of some $US16 billion over two years, export incentives and measures to curb imports …

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[8 Jul 2011 | No Comment | ]

Brazilian Finance Minister Guido Mantega has attacked China and the United States for manipulating their currencies, at the expense of trading partners.
“Of course, China manipulates it’s currency and it (would be) better that the currency could fluctuate,” Mantega told reporters after a meeting in Paris, picking up on a charge made by many of Beijing’s trade partners.
At the same time, the minister criticised Washington, accusing it of adopting policies which led to a cheap dollar, crimping exports to the US market.
China and the United States are crucial markets for Brazil, …

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[7 Jul 2011 | No Comment | ]

A century ago, it was the explorers and infantrymen of Europe’s great powers slugging it out for slices of Africa. Now, it is the agents of Chinese and Brazilian capital, but the competition is just as fierce.
Underscoring the new world order of the 21st century, Brazil’s Vale , the world’s biggest iron ore producer, is going head-to-head with Jinchuan Group, China’s dominant nickel producer, in a fight for Metorex , a medium-sized South Africa-listed mining firm.
Although the saga still has at least a week to run, Jinchuan swung a hefty …

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[10 Jun 2011 | No Comment | ]

Peru’s president-elect said Thursday he is looking to Brazil for ideas about how to help his country’s poor.
Ollanta Humala made Brazil the first foreign stop since Sunday’s election, and he praised the way its center-left government has helped the poor while maintaining economic growth.
“A country cannot consider itself rich if its population is living in poverty. This means we need social programs to help those living in extreme poverty,” he said after meeting Brazilian President Dilma Rousseff.
“Brazil is a successful model of macroeconomic stability with social inclusion,” he added. “This …

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[5 Jun 2011 | No Comment | ]

Brazil welcomed the Mexican central bank chief’s candidacy for the IMF’s top job as a step forward for emerging economies but stopped short of offering an endorsement, saying it needed more time to decide which candidate to back.
Agustin Carstens is in Brazil on the third leg of a global tour to drum up support for his underdog candidacy to lead the Washington-based International Monetary Fund against French Finance Minister Christine Lagarde, who kicked off her own worldwide campaign in the South American country on Monday.
While Brazil has been among the …

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[24 May 2011 | No Comment | ]

Finance Minister Guido Mantega said Friday he is confident Brazil’s inflation will be put under control, so there is no need for further government measures to curb it.
“The measures (already implemented) took effect and I believe further action is not necessary. I think the economy is in the path of a more moderate growth,” he told reporters.
Based on all the signs, the minister said this year’s inflation rate won’t surpass the pre-set limit, which is at 4.5 percent with a tolerance margin of two percentage points.
Mantega said prices have been …