Industries and markets

Telefonica Brazil and three sub contractors responsible of engaging slave labor

“A panel of labor judges in Espirito Santo state ruled that Telefonica, publicly traded as Vivo in Brazil, was guilty after workers toiled in slavery-like conditions during the building of a cellphone tower in 2014.”

Brazil and Uruguay Sign New Protocol to Ease Intra-Mercosur Investment

“The Intra-Mercosur Cooperation and Investment Promotion Protocol for Brazil and Uruguay came into force this week, and the two countries have already signed the document.”

Brazilian Gaming Market to Grow Over Five Percent by 2022

“Last year, the sector’s revenues in the country reached US$1.5 billion, holding the leading position in Latin America and 13th in the global ranking.”

Auto sales slump: dealers chalk up 26 months of declining sales

“July sales were down 8% from the same month last year.”

Brazil: How IT and Communication Technology Companies can save Taxes

Which tax benefits exist? In Brazil, companies in the IT and information and communication technology (ICT) sectors can exclude certain costs from the net income for the purpose of calculating actual profit, without prejudice to

Mexico government cuts spending, claims to have saved $6 billion

“President Andres Manuel Lopez Obrador has halved his salary, sold the presidential plane and flies economy.”

Macri on course for defeat in Argentina

“President Mauricio Macri is likely to lose October’s elections, polls at the weekend suggested, in what would be a major blow to imperialism in Latin America.”

Brazilian government fires head of the country’s space research agency

“This happened President Jair Bolsonaro accused him of lying about rising levels of Amazonian destruction.”

Argentine judge suspends delivery apps, protect workers’ rights

“The digital platforms are helping people find jobs. But the work can be dangerous and many end up working for long hours for low income and few benefits.”

Brazil: New Standards for Special Customs Regimes Recof and Recof-Sped

Recently, Brazil`s Official Gazette published the Normative Instruction No. 1,904 of the Revenue Services Receita Federal do Brasil (RFB), which provides for special customs regimes for industrial warehouse under computerized control.   What are Recof