Your Daily Scan of the New Global Economy

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Brazil
Bolsonaro Assures Guedes Will Remain in Government “Until the Last day” RIO DE JANEIRO, BRAZIL – The President of the Republic, Jair Bolsonaro, stood up for the Minister of Economy, Paulo Guedes, on Tuesday, February 18th, minimizing the controversial statements he has made in recent weeks. In the President’s opinion, Guedes’ statements, which had a...
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Rio’s Secret Underground Carnival: the Bate-Bolas RIO DE JANEIRO, BRAZIL – Away from the limelight, media coverage and swarm of foreign tourists who descend on Rio de Janeiro during this time of year, a different sort of festival will take over the suburbs for four days starting Saturday (February 22nd). Dressed in satin gowns, the...
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Brazilian Banks With Over 500,000 Accounts Required to Adopt Instant Payment RIO DE JANEIRO, BRAZIL – Financial institutions with over 500,000 active accounts will be required to offer the instant payment system to their clients, which will be introduced in November. The decision was announced in a circular letter issued yesterday, February 18th, by the...
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Jair Bolsonaro Criticized After Sexual Innuendo Against Reporter RIO DE JANEIRO, BRAZIL – Jair Bolsonaro stooped down another level in his aggressive discourse, and this time struck two targets. The press and women. On Tuesday morning, the president insulted the Folha de S.Paulo reporter, Patricia Campos Mello, with ironies of sexual innuendo. “She [the reporter]...
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Brazilians try Cancelling Cruise to Asia for Fear of Coronavirus RIO DE JANEIRO, BRAZIL – It was to be the trip of dreams: a month at high sea in Asia, passing through the Arab Emirates, Sri Lanka, Thailand, Malaysia, Singapore, China, Hong Kong, Taiwan, and finally Japan. Until the coronavirus emerged and thwarted preparations for...
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