Hello. Welcome to our Weekly Report. In this issue: Congress’ popularity on the rise—but remains low. How Petrobras lost BRL 32bn in one day. And the most important facts of the week.
The week in review
100 days. President Jair Bolsonaro reached the symbolic 100-day mark on April 10, still having little to show for. The pension reform remains a distant reality, and the public deficit—which Economy Minister Paulo Guedes promised to eliminate in 2019—increased in February to 1.7% of the GDP. On the flip side, the government was able to push the privatizations of federal assets as planned.
Tragedy. At least 7 people died and 9 more were injured when two condemned buildings in a militia-controlled community of Rio de Janeiro collapsed on Friday, just days after deadly rains caused chaos in the city.
Auto industry. China’s truck manufacturer Foton is one of the candidates to purchase Ford’s São Bernardo do Campo plant. Two months ago, the American automaker announced it is abandoning its truck business in Latin America. Foton will have to outbid Caoa—which produces Cherry and Hyundai vehicles in Brazil.
Diplomacy. The Ministry of Agriculture...