Brazil's Bolsonaro orders $360 million to be set aside for AstraZeneca coronavirus vaccine

BRASILIA (Reuters) – Brazilian President Jair Bolsonaro issued a decree on Thursday that will set aside 1.9 billion reais ($356 million) in funds to purchase and eventually produce the potential COVID-19 vaccine being developed by AstraZeneca PLC and Oxford University researchers. Brazil’s Acting Health Minister General Eduardo Pazuello said the vaccine could be available for […]

LATAM Airlines to fire 'at least' 2,700 workers in Brazil

BRASILIA (Reuters) – LATAM Airlines (LTM.SN) will fire “at least” 2,700 workers in Brazil, including pilots, its Brazilian arm said on Saturday, as the bankrupt carrier struggles to cut costs and cope with an industry collapse due to the COVID-19 pandemic. In a statement, LATAM Brasil said it opened a voluntary redundancy process on Friday […]

LATAM Airlines set to fire at least 2,700 workers in Brazil: reports

BRASILIA (Reuters) – LATAM Airlines (LTM.SN) is poised to fire at least 2,700 workers in Brazil, including pilots, starting with a voluntary redundancy process slated to commence next week, O Globo and O Estado de S. Paulo newspapers reported on Saturday. The layoffs are the latest in efforts to downsize Latin America’s largest airline, and […]

UPDATE 1-Brazil national debt rises to record 85.5% in June

(Adds detail) By Jamie McGeever and Marcela Ayres BRASILIA, July 31 (Reuters) – Brazil’s national debt rose to a record 85.5% of gross domestic product and the public sector registered a record $36.5 billion primary deficit in June, the central bank said on Friday, as the COVID-19 crisis hammered the government’s finances. The figures were […]

'Life goes on': Brazil's Bolsonaro tests positive for coronavirus

Brazilian leader has repeatedly played down the threat from COVID-19, describing it as ‘a little flu’. Brazil’s President Jair Bolsonaro tested positive for COVID-19 on Tuesday after months of downplaying the virus’ severity. Bolsonaro confirmed the test results while wearing a mask and speaking to reporters in capital Brasilia, and said he is already taking […]

Brazil dilutes mask law as its coronavirus cases top 1.5 million

President Jair Bolsonaro waters down law requiring face masks in public places as country’s cases surpass 1.5 million. Brazil’s President Jair Bolsonaro has watered down a law requiring the wearing of face masks in public places even as the number of confirmed coronavirus cases in the country surpassed 1.5 million. The Latin American country has […]

UPDATE 1-Brazil tax proposal centers on new 12% VAT levy on goods, services

(Adds details of proposal, quotes, byline) By Jamie McGeever BRASILIA, July 21 (Reuters) – Brazil’s Economy Minister Paulo Guedes on Tuesday delivered the first part of the government’s tax reform proposals to congressional leaders, which will combine two federal consumption taxes into a single value added tax. The new uniform tax on goods and services, […]

'Brics' bank lends Brazil $1 bln to soften COVID-19 economic blow

RIO DE JANEIRO, July 20 (Reuters) – The New Development Bank of the “BRICS” group of leading emerging economies will lend Brazil $1 billion to help combat the economic damage from the COVID-19 crisis, the institution said on Monday. The funds will be allocated to the federal government’s emergency aid payment program, which the NDB […]

Brazil nears two million coronavirus cases, with 75,000 dead

Brazil’s nearly two million coronavirus infections are second only to the United States and could be an undercount. A thousand deaths a day. Since late May, three months after Brazil’s first reported case of the coronavirus, it has recorded more than 1,000 daily deaths on average in a gruesome plateau that has yet to tilt […]