Luiz Inacio Lula da Silva

New Business

‘Blue ocean market’: why Brazil is becoming a magnet for Chinese investment

With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search…

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New Business

ByteDance’s TikTok to invest more than US$37 billion in Brazil data centre

ByteDance’s TikTok will invest more than 200 billion reais (US$37.7 billion) to build a data centre in Brazil, marking its…

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Brics virtual rally falters as members appear leery of exacerbating US trade war

Members of the Brics nations logged into a virtual summit on Monday, convened by Brazilian President Luiz Inacio Lula da…

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China’s 2024 Brazil investment doubled to highest level since Covid: report

Chinese investment in Brazil more than doubled last year, reaching the highest level since before the pandemic, making the South…

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Will China’s BYD make cars in Argentina? Filing in country may hint at plans

Chinese electric vehicle giant BYD registered a local unit as a car manufacturer, a possible hint that the world’s biggest…

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Brazil grants BYD exemption from EV tariff hike, but not for as long as sought

Brazil announced a compromise in a dispute between Chinese EV maker BYD and traditional carmakers on Thursday, granting the company…

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China’s Meituan to bring Keeta food delivery service to Brazil after Saudi Arabia launch

Chinese on-demand service giant Meituan has signed a US$1 billion deal to expand its Keeta food delivery platform to Brazil,…

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BYD factory delayed in Brazil to be ‘fully functional’ by end of 2026, official says

Chinese electric car maker BYD’s new factory in Brazil will be “fully functional” by December 2026, after its operations were…

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Opinion | Can Global South and G20 lead new era of poverty reduction?

The absence of US President Joe Biden from the G20’s first group photo is perhaps emblematic of what the world…

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New Business

Opinion | How emerging nations are already dethroning the West

Even other members within Brics have been reluctant to embrace belt and road projects, arguably for fear of alienating key…

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