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Brazilian Military Deployed To Break Up Trucking Strike As State Of Emergency Worsens

EU Times — Mon, 28 May 2018 10:31:47 +0000

A nationwide trucking strike in Brazil entered day six on Saturday, as blocked roads have prevented critical food and supplies from reaching their destinations. The protests, triggered by a 50% spike in fuel prices over the last year, have resulted in the declaration of a state of emergency across most major cities as shelves run […]

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Brazil inflation hits 13-year high

EU Times — Sun, 10 Jan 2016 16:41:06 +0000

Official figures show that Brazil’s inflation hit the highest level in 13 years in 2015 over what many believe has been a result of economic mismanagement that has been worsened by a political crisis in Latin America’s biggest economy. The government announced on Friday that annual inflation reached 10.67 percent in 2015. The figure was […]

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Brazil raises taxes and cuts spending as recession hits

EU Times — Thu, 17 Sep 2015 09:18:14 +0000

The Brazilian government has announced plans for $7 billion in spending cuts and $8 billion in additional taxes aimed at plugging the hole in the country’s 2016 budget. The austerity package is designed to balance the harsh economic downturn of the seventh-largest economy, whose sovereign credit rating was cut to ‘junk’ status last week. The […]

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Protests erupt in Brazilian cities over outsourcing of jobs

EU Times — Thu, 09 Apr 2015 09:51:42 +0000

Thousands of workers have staged rallies across a dozen cities in Brazil to protest against a proposed law that would allow companies to outsource jobs. The Tuesday rallies were organized by the Central Workers Union (CTB), Brazil’s largest labor union umbrella organization, ahead of an expected vote by lawmakers on the measure. Approximately 3,000 demonstrators […]

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Rio deploys troops, navy ships ahead of hotly contested oil field auction

EU Times — Mon, 21 Oct 2013 15:43:40 +0000

Over 1000 troops have been deployed in Rio de Janeiro ahead of a major oil rights auction. The move to partially sell off Brazil’s most promising oil reserves has been met with opposition, triggering mass strikes and disruption to oil production. A spokesperson from the Brazilian army said that around 1,100 troops are being deployed […]

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