Brazil’s inflation rate hit a 26-year high in April, according to the government, as spiraling prices defied the central bank’s efforts to control them. According to the IBGE, inflation in the 12 months to April was 12.13 percent, the highest since 2003 and well above the central bank’s target of 3.5 percent. The rate for … Read more
WASHINGTON: After President Jair Bolsonaro threw doubt on the integrity of impending elections, the US warned Thursday that Brazilians needed “confidence” in their democracy. The far-right incumbent was one of former US President Donald Trump’s closest pals and has copied his tactics by claiming without evidence that Brazil’s electronic voting system is rife with fraud. … Read more
SAO PAULO: Brazil’s vibrant mix of business, beaches and carnival has long lured expats from around the world, but a reverse migration is also in effect, as each year thousands of citizens pack up and head for new pastures. High levels of violence, unemployment, inflation and the pandemic are main reasons why Brazilians have left … Read more
