Bolsonaro. The federal government remains at odds with Congress. This week, the Special Budget Committee voted to remove Brazil’s anti-money laundering authority from under Justice Minister Sergio Moro’s control—and has stalled a vote to confirm the cabinet structure Mr. Bolsonaro signed upon taking office. If it doesn’t get confirmed by June 3, the entire cabinet structure would revert to what it was under the previous administration.
Avianca. A judge suspended airline Avianca’s court-supervised recovery plan approved on April 14—which canceled the auction of the company’s assets scheduled for May 7. With debts of over BRL 3bn, Avianca has lost 86% of its fleet (as planes were returned to leasers), laid off over 100 staff members, and canceled over 3,000 flights in recent months. The company was hoping to raise at least USD 210m from the auction and could now be forced into bankruptcy.
Venezuela. After nearly three months, Venezuela reopened its border with Brazil.
Located close to Rio de Janeiro, Angra dos Reis is protected by environmental reserves which the president intends to do away with to make space for tourism, @marthacastro__ writes. https://t.co/7TFOY1erTH