Brazilian President Luiz Inacio Lula da Silva said on Friday that foreign companies are welcome to do business in Brazil, speaking at the opening of a Chinese automaker’s factory in Sao Paulo state.
Lula told the ceremony for GWM’s new plant that his government is ready to work with new investors. “Count on the Brazilian government. Whoever wants to leave, leave. Whoever wants to come, we welcome you with open arms,” he said.
The president criticised the 50% tariffs on Brazilian goods imposed by U.S. President Donald Trump, calling them an “unnecessary turbulence.” He told Reuters earlier this month that he would raise the issue at the BRICS group, which includes China, to seek ways to respond.
Lula noted that automakers such as Ford and Mercedes had scaled back operations in Brazil in the past, but welcomed new arrivals like China’s GWM. He said Brazil remains open to business negotiations.
GWM’s Brazilian arm can produce 50,000 vehicles annually and is expected to create more than 2,000 jobs once exports to Latin America begin, according to the company.
Brazil’s auto exports are forecast to rise 38.4% in 2025 compared with 2024, reaching 552,000 units, the automakers association Anfavea said last week.
Bolivian President-elect Rodrigo Paz was sworn in as the country's new President on Saturday ending almost 20 years of one-party rule....
A tornado accompanied by strong winds and heavy rain struck the southern Brazilian state of Parana, killing six people, the state government said on S...
Peace talks between Afghanistan and Pakistan broke down, although a ceasefire continues between the South Asian neighbours, a Taliban spokesperson sai...
UPS and FedEx have grounded their fleets of McDonnell Douglas MD-11 cargo planes after a deadly crash at UPS's Worldport hub in Louisville, Kentucky, ...
Six people have died with one other injured, after a fire broke out in a perfume warehouse in the Dilovasi district of Türkiye on Saturday....
A tornado accompanied by strong winds and heavy rain struck the southern Brazilian state of Parana, killing six people, the state government said on Saturday.
A majority of judges on Brazil's Supreme Court panel voted on Friday to dismiss former President Jair Bolsonaro's appeal against his 27-year prison sentence for allegedly plotting a coup to remain in power after the 2022 presidential election.
Global leaders convened in the heart of the Amazon on Thursday for a high-level summit ahead of next year’s COP30 climate conference, warning that the world is running out of time to avert environmental catastrophe.
UN Secretary-General António Guterres launched a fierce criticism of world leaders for failing to keep global warming below 1.5 degrees Celsius, as Brazil hosted a summit of global leaders ahead of the COP30 climate conference in the Amazonian city of Belém.
Kendrick Lamar and Lady Gaga lead the 2026 Grammy nominations, while K-Pop enters the Song of the Year category for the first time in the award’s history.
Israel launched airstrikes on southern Lebanon after ordering evacuations, accusing Hezbollah of rebuilding its forces despite a year-old ceasefire, as Lebanon and the United Nations warned of renewed border tensions.
U.S. Senate Republicans have blocked a resolution that would have barred President Donald Trump from launching military action against Venezuela without congressional approval, despite growing concern over recent U.S. strikes in the southern Caribbean.
Despite promises of recovery from the new government, Germany’s economy continues to stagnate, with no signs of renewed momentum. According to the latest report from the German Chamber of Industry and Commerce (DIHK), the country still lacks the drive needed for a genuine economic rebound.
Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the electric vehicle (EV) maker into an artificial intelligence (AI) and robotics juggernaut.
Bolivian President-elect Rodrigo Paz was sworn in as the country's new President on Saturday ending almost 20 years of one-party rule.
A tornado accompanied by strong winds and heavy rain struck the southern Brazilian state of Parana, killing six people, the state government said on Saturday.
Peace talks between Afghanistan and Pakistan broke down, although a ceasefire continues between the South Asian neighbours, a Taliban spokesperson said on Saturday.
UPS and FedEx have grounded their fleets of McDonnell Douglas MD-11 cargo planes after a deadly crash at UPS's Worldport hub in Louisville, Kentucky, which killed 14 people, including three pilots. The incident is under investigation by the U.S. National Transportation Safety Board (NTSB).
Six people have died with one other injured, after a fire broke out in a perfume warehouse in the Dilovasi district of Türkiye on Saturday.
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