Brazil

Unemployment in Venezuela Almost as Close to That of War-Ruined Bosnia, IMF

Unemployment in Venezuela Almost as Close to That of War-Ruined Bosnia, IMF

Venezuela’s unemployment rate is soaring to levels unseen in the world since the Bosnian war came to an end more than two decades ago, according to the International Monetary Fund.

US-China Trade War: Brazil’s Gain?

US-China Trade War: Brazil’s Gain?

The escalating trade dispute between the United States and China has prompted the Asian country to turn to Brazil for goods like soy, corn, poultry and pork, increasing the South American nation’s agricultural exports. Moreover, Brazilian steel exports to the United States nearly tripled in June, compared to the same period last year, after the Trump administration slapped a 25 percent steel tariff on other trade partners but not Brazil, which instead agreed to limit its exports of the metal.