Hello! In this week’s issue: 737 Max: how Brazil became the only country to demand specific aircraft training. Brazil’s economy problem is education. How Brazilian markets performed. And the most important facts of the week.
The week in review
- Oil & gas. Petrobras will change its structure, giving more power to its board of directors and CEO — especially in decisions to sell off assets. CEO Roberto Castello Branco will personally oversee the divestments program, and only the board will be able to veto a decision to sell a subsidiary; shareholders (including the Brazilian government) will no longer have a say. A vote on the changes is scheduled for April 25.
- Economy. Brazil’s unemployment rate has risen for the 2nd straight month, to 12.4% in the three months through February. Adding up unemployed people, discouraged workers (those not actively seeking employment) and people working less than they would like, the number of underemployed people in Brazil has reached 27.9m people — the highest number ever recorded.
- Politics. After a week and a half of trading insults, President Bolsonaro and House Speaker Rodrigo Maia have reportedly buried the hatchet. But Congress still has the government on the ropes, with the...