Sitting in his freshly painted living room as his son plays nearby, Joao Pedro de Souza recounts a peak moment in his life. Last year his family left a shanty in the vast slums of Sao Paulo and moved into this new two-bedroom apartment, with a full kitchen and bathroom.
European car sales rose a fifth consecutive month in January as the start of an economic recovery in countries sharing the euro encouraged purchases of models such as Volkswagen AG’s Golf hatchback and Audi A3 sedan.
Coffee output in Brazil, the world’s top producer, may be as much as 30 percent less than expected in its biggest producing state as drought losses are irreversible, the country’s largest exporter said.
For about a decade, South Korea has been the new Japan for electronics exports and a vibrant domestic consumer culture. Now it’s becoming the new Japan for expensive coffee drinking in Asia -- and coffee exporters in Brazil are starting to notice.
FIFA lawyers are working to shut down a tax-avoiding structure used in the transfer of dozens of Brazilian soccer players, including a recent Real Madrid signing, two people with direct knowledge of the situation said.