Brazilian Business Roundup - August 18

Brazilian Business Roundup - August 18

Welcome to your go-to source for the latest in Business and Tech across Brazil and Latin America! Each week, we bring you a curated roundup of the most intriguing stories, ensuring you stay informed and ahead of the curve.?

In just 5 minutes, you'll get a concise overview of the region's key developments, from groundbreaking tech innovations to pivotal business moves. Our mission is to provide you with valuable insights to drive smarter decisions and spark new ideas. Ready to dive into the highlights? Let's get started!


??Here’s our Top Stories:

??Lithium hotspot

The Jequitinhonha Valley, in the northeastern portion of Minas Gerais state, is known for being one of the poorest regions in Brazil. The state government plans to transform the area by way of the recently created “Lithium Valley” project, which promises to attract investment by creating incentives for the lithium production chain.

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??M&As to pick up in 2024

From January to June, PwC registered 623 mergers and acquisitions in Brazil, a 2.13 percent increase from the same period last year. KPMG data also reflects a 5.3 percent rise, with 776 deals in the first six months of this year compared to 2023.This uptick signals a modest recovery in the M&A market, driven by improved macroeconomic conditions.

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??Nonprofit offers data-driven approach to public health systems

Founded in 2019, the Brazilian nonprofit organization ImpulsoGov was created to help governments manage and interpret the vast amounts of data generated by public services. In 2020, amid the Covid pandemic, the startup pivoted its focus to health data.

??Worth keeping an eye on!

???Brazilian fintech Parfin develops privacy solution for CBDCs. Read more

??Following crash, Brazil’s Supreme Court to rule on flight accident data. Read more

??Brazilian waterless cosmetics brand tries to make a splash in the U.S. Read more

??Will the U.S. election put Tesla’s Mexico plant on hold? Read more



??? On this week’s podcast …

This week, over the past five decades, Brazil and China have forged a complex and dynamic partnership, evolving from cautious diplomatic ties to becoming key economic and political allies on the global stage Listen to the full podcast here!

Every Wednesday, join us for a new episode of the Explaining Brazil podcast — a finalist for the Digiday Media Awards for Best Podcast! Dive deep into Brazil's most pressing issues with expert analysis and engaging discussions. Whether politics, business, or culture, we’ve got you covered.

Don't miss out! Follow us on all major podcast platforms, subscribe, and never miss an episode. Click here to listen now and enjoy!

Love our podcast? Consider advertising with us and take your business to the next level. Email us at [email protected] for more details.


??On-the-Fly Headlines

??After major fraud case, Americanas reports BRL 1.4 billion in losses. Read the details

???Amorim stresses Brazil’s support for “dialogue” in Venezuela crisis. Read the details

??Brazil’s June economic activity index far surpassed expectations. Read the details

?Central Bank autonomy bill postponed. Again. Read the details


??Did You Know?

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That wraps up this week’s edition. See you next Sunday evening! Subscribe to the Brazilian Business News Roundup, your essential weekly recap to never miss a beat in Brazil’s business environment.

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Founded in 2017, The Brazilian Report is an English-language media outlet uniquely positioned to provide an insider’s view of current affairs in Brazil and Latin America, with a mission to make Latin Americans’ voices heard and become the reference for Latin American news worldwide. An award-winning newsroom, The Brazilian Report has just received recognition for its portfolio of newsletters at this year’s Wan Ifra Awards.

Within 6 years of existence, The Brazilian Report has gained international recognition. It has become the go-to source for several embassies, think tanks, and international news outlets, including Time Magazine, CNBC, BBC Worldwide, Vox, Axios, Radio France, CGTN, among others.

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