The credit granted to beneficiaries of the Auxlio Brasil program, issued at the end of September by the Ministry of Citizenship, is already the source of thousands of complaints. Between October 11 and 17, the Consumer Defense Institute (Idec) conducted a mapping of social networks and YouTube channels that identified 2,000 consumer complaints. Among them, some are considered serious, such as bank harassment and tied sales. Namely, contracting a type of loan represents a big risk. Remember that the parties to the product must continue to pay installments even if Auxlio Brasil is terminated from next year. In other words, consignment is a gateway to increasing the level of indebtedness in a segment of the population that already suffers from serious income problems. No wonder, the largest private banks in the country decided not to offer the product.
The air market will double in Brazil in 20 years
Air passenger transport in Brazil is expected to double in the next 20 years. The projection was made by Arturo Barreira, President of Airbus for Latin America and the Caribbean, during an event organized by the Latin American Air Transport Association (Alta). According to the executive, Brazilians are expected to take an average of 0.9 air trips per year by 2041 – currently the index is 0.4. Therefore, it is to be expected that the sector will offer good business opportunities.
To reduce losses, Softbank is selling newly acquired companies
After reporting a record loss of $23 billion in the second quarter, Japanese investment group Softbank decided to get rid of unproductive investments. This week the conglomerate sold its stake in English e-commerce site THG. Detail: Softbank acquired the company in May 2021. This operation alone led to losses of USD 514 million. Recently, the Japanese also decided to get rid of their stakes in giants like Uber and Alibaba.
Only 8% of industries use trains to transport goods
Rail traffic is not very important for Brazilian industry. According to a study conducted by the National Confederation of Industry (CNI), only 8% of them use rail to transport their production. As expected, the preferred route in Brazil is the road, used by 99% of industries, ahead of airplanes (46%) and ships (45%). Experts say that diverse modes of transportation would reduce costs and improve the company’s logistics.
that’s how much the average price of gasoline in the country rose between October 9 and 15, according to the National Agency for Oil, Biofuels and Natural Gas (ANP). The rise in value followed a 15-week decline
“Something similar to the rise in extreme weather events is happening in the financial markets as well. We are leaving behind a period of stable growth and predictable inflation to enter a period of uncertainty.”
Axel Christensen, Director of Investment Strategy for Latin America at BlackRock, the world’s largest asset manager
BTG Pactual banka bought 25% of LLZ, the largest single company on the collection and guaranteed income market for residential buildings. “With a net profit of R$10 million in 2021, the company aims to reach an annual guaranteed income of R$5 billion in five years,” BTG said explaining the deal. The value of the transaction was not disclosed.
A study conducted by the Fundação Getúlio Vargas (FGV) Bioeconomy Observatory calculated the costs of restoring degraded pastures in the country. Bill for salt: R$ 384 billion. The good news is that the implementation of regeneration technologies can generate more than enough revenue to cover this amount.
Banco Carrefour, the financial unit of the Carrefour Group, has opened applications for its Startup Jam innovation program. The idea is to attract startups in the field of human resources and real estate management that develop solutions capable of helping to manage the work process. Applications are open until the 23rd.
Financial managers are concerned about the fiscal situation in Brazil. According to a monthly survey by Bank of America, almost 80% of them expect difficulties in public accounts in 2023. In the previous survey, the rate was 70%. The increase in spending in the pre-election period turned on a warning sign.