Over 70% of Brazilians don't want Petrobras to be privatized.
For decades, privatization was a dirty word in Brazil. Even after several scandals which unveiled corruption schemes in state-run companies, only 17 percent of Brazilians are in favor of privatizing public companies, according to a survey by Ipsos.
Brazil has more state-owned companies than any other Latin American country: 418, of which 138 are federally owned. When compared to member states of the Organization for Economic Cooperation and Development (OECD), Brazil’s numbers seem even more incredible. Hungary, which comes in second place, has 370 such firms, while Mexico has 78 and, Chile, at the bottom of the ranking, has only 25.
As the country’s debt inches close to 90 percent of its GDP, according to the International Monetary Fund (IMF), privatizations are returning to the center stage of Brazilian politics. Far-right populist Jair Bolsonaro was elected...
The city of Rio de Janeiro estimates that a Madonna concert this Saturday on Copacabana…
Latin America’s trend of banning opposition candidates from elections has caught on in an ever-growing…
The São Paulo City Council on Thursday approved legislation authorizing Brazil’s largest city to sign…
The preliminary report on AI regulations presented to Brazil’s Senate last week provides a middle-of-the-road…
In 2000, Formula 1 great Michael Schumacher had just racked up his 41st race win,…
Overall, the worldwide economic outlook has improved according to the Organization for Economic Co-operation and…