Trump tariffs weigh on sluggish panamax bulker spot rates as market pins hopes on Brazil soy exports

The panamax bulker market has recovered from a slump at the start of the year, but rates have been unsettled amid uncertainty following the announcement of tariffs by the US. The average panamax spot rate on the Baltic Exchange is hovering around $9,000 …

Petrobras begins producing fuels with cellulosic content in Brazil

Brazil’s Lula Caves on Threat Against Trump Tariffs, Claiming He Won’t Fear ‘Ugly Faces’

Radical leftist President of Brazil Luiz Inácio Lula da Silva on Tuesday demanded President Donald Trump stop “shouting” and speak “respectfully” to him, adding he is “not of ugly faces.” Lula issued his latest rant against President Trump in remarks given …

Brazil Seeks Talks Over U.S. Tariffs Instead of Immediate Retaliation

Brazil will not immediately retaliate against the U.S. tariffs on steel and aluminium imports, opting instead to pursue negotiations, Finance Minister Fernando Haddad said on Wednesday. The decision follows President Donald Trump’s move to increase tariffs …

Stark Bank Sees Opportunity to Serve Brazil’s Crypto Startups

Brazilian online-only bank Stark Bank reportedly aims to serve the country’s cryptocurrency startups. The company sees an opportunity to position itself as a banking provider for these startups at a time when the crypto sector is still shunned by …

Lula Extends Invitation to President Tinubu to Visit Brazil

A high-level delegation from Brazil, led by Minister of Foreign Affairs, Mauro Viera arrived in Abuja on a visit aimed at boosting cooperation between Nigeria and Brazil in a move towards strengthening bilateral ties between the two countries. The visit …

Brazil authorizes another 12 companies for sports betting and online gaming until 2029

The Secretariat of Prizes and Betting (SPA) of Brazil’s Ministry of Finance has issued new ordinances authorizing 12 more companies to operate 30 sports betting and online gaming platforms in the country. The licenses, which will remain valid until …

Brazil-China relations strengthen as economic and diplomatic ties deepen

Over three months after Presidents Luiz Inácio Lula da Silva (Workers’ Party) and Xi Jinping raised the level of Brazil-China diplomatic relations, the measure appears to be flourishing. This is because economic and social rapprochement has been occurring …

In Preparation for The COP30 Climate Summit, Brazil Destroyed 10,000+ Acres of Rainforest to Build a Highway (To Help ...

BBC - A new four-lane highway cutting through tens of thousands of acres of protected Amazon rainforest is being built for the COP30 climate summit in the Brazilian city of Belém. It aims to ease traffic to the city, which will host more than 50,000 people …

Nigeria, Brazil strengthen bilateral ties 

A high-level Brazilian delegation, led by Minister of Foreign Affairs Mauro Vieira, arrived in Abuja to enhance bilateral relations between Nigeria and Brazil. The visit, which aims to boost cooperation in sectors such as agriculture, energy, and …