Brazil’s foreign trade shrinks by $14 bn

Brazil’s foreign trade contracted by $14 bn in the third quarter compared to the level before the covid-19 pandemic in the fourth quarter of 2019, show data from the Organisation for Economic Cooperation and Development (OECD). Brazilian exports declined by $3.8 bn between July and September compared to before the pandemic. Imports contracted much more, by $10.2 bn.

Source: Valor Investe

Project enables purchase of solar or wind energy equipment for low-income families

The creation of low-interest credit lines for low-income families to purchase photovoltaic and wind energy equipment is the objective of the Law Project (PL) 5,239/2020, The justification is that families with lower purchasing power feel the economic crisis much more strongly and in this population range, the electricity bill has significant weight on the family budget.

Source: Money Times

Cost for Braskem of Alagoas geological problem rises to $2.2 bn

Petrochemical Braskem saw the cost for closing its rock-salt operation in Alagoas rise again, which authorities blame for causing land subsidence in the capital city Maceió. In addition to the R$8.5 billion ($1.5 bn) it had already set aside for the case, it now expects to spend another R$3 billion ($555 mm) to close the mine, for a total of R$11.5 billion ($2.2 bn).

Source: Valor Internacional

Facebook announces selected startups for acceleration program

Facebook and the accelerator Baita, based at Unicamp, announce the ten startups that will be developed through their Campo Digital program. The project seeks digital solutions for Brazilian agribusiness focused on small and medium producers. It is the first Facebook program to accelerate startups with solutions for agriculture in Latin America.

Source: 6 Minutos UOL