The Lula government is trying hard to paint the country’s economic and social life in rosy colors that frontally clash with reality. On February 3, at the start of the Brazilian Congress’s ...

Brazil’s President Luiz Inácio ‘Lula’ da Silva has signed a long-awaited offshore wind act into law, paving the way for the first offshore wind tender in Latin America’s largest economy. The ...

As a reminder, ex-CEO Jean Paul Prates and his CFO were dismissed after Petrobras's Q1 earnings release. Consequently, PBR fell into a bear market after topping in early May 2024.

RIO DE JANEIRO (AP) — The head of Brazil’s state-run oil giant Petrobras, Magda Chambriard, was sworn in Wednesday amid market concerns of increased government intervention in the company.

Magda Chambriard has been sworn in as the head of Brazil’s state-run oil giant Petrobras as market concerns of increased government intervention in the company mount.

After beating Bolsonaro in the 2022 presidential election, Lula returned to power for a third, non-consecutive term.Car Wash's prosecutions of scores of politicians and executives — celebrated ...

The head of Brazil’s state-run oil giant Petrobras, Magda Chambriard, was sworn in Wednesday amid market concerns of increased government intervention in the company. President Luiz Inácio Lula ...

Lula himself was jailed for almost 600 days as a result, although his conviction was later annulled. During the ceremony on Wednesday, Lula slammed the investigation’s legacy.