Brazil Weekly

Brazilian fintechs’ escalating war

Hello. This week’s issues: the most important facts of the week. Brazil a “problematic” country for journalists. How markets performed this week. Brazilian escalating fintech war.

This week in review

Fuel crisis. After President Bolsonaro blocked a bump in diesel prices—leading to a BRL 32bn loss in Petrobras market value—the company announced it is raising its fares by BRL 0.10/liter. The government also asserted the firm’s political independence. In reaction, leaders of truckers’ unions started to call for a new strike for April 29. Last year, the sector stopped work for 10 days, causing fuel and food shortages across the...

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