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.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as...
Thailand’s caretaker Prime Minister Anutin Charnvirakul is scheduled to speak with U.S. President Donald Trump later in the day, as border clashes b...
The White House has confirmed that U.S. President Donald Trump intends to maintain both a “good working relationship” with China and a “very str...
Pakistan has indicated its openness to forming a regional bloc with Bangladesh without including India. The statement from Islamabad follows comments ...
President Javier Milei has introduced a new labour reform proposal to Argentina’s Congress, aiming to address what his administration describes as a...
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
The wife and son of former Brazilian President Jair Bolsonaro visited the jailed right-wing leader at the Federal Police facilities in Brasília on Thursday, 27 November, following a Supreme Court order for him to begin a 27-year, three-month prison sentence.
Former President Jair Bolsonaro will begin a 27-year prison sentence for a coup plot against his successor, a decision made by Brazil's Supreme Court on Tuesday, marking the culmination of years of political turmoil and legal battles.
Brazil's Former President Jair Bolsonaro was ordered to remain in police custody after the country's Supreme Court on Monday (24 November) unanimously upheld a detention ruling citing him as a flight risk.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
In a dramatic Champions League clash at Baku’s Tofiq Bahramov Stadium, Qarabağ grabbed an early lead, but Ajax staged a thrilling comeback to win 4-2.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
At least 19 people were killed and 16 injured as two buildings collapased in Morocco's Fes city according to the state news agency.
Iran's President Massoud Pezeshkian has begun a two day visit to Kazakhstan, with officials from both sides describing the trip as an opportunity to advance cooperation in trade, transport, industry, mining and cultural exchanges.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
Thailand’s caretaker Prime Minister Anutin Charnvirakul is scheduled to speak with U.S. President Donald Trump later in the day, as border clashes between Cambodia and Thailand continued for a fifth day, he said on Friday.
The White House has confirmed that U.S. President Donald Trump intends to maintain both a “good working relationship” with China and a “very strong alliance” with Japan, even as tensions between the two countries continue to rise.
Pakistan has indicated its openness to forming a regional bloc with Bangladesh without including India. The statement from Islamabad follows comments by Bangladesh’s top foreign affairs adviser, Md Touhid Hossain, that such an arrangement is strategically possible without India.
President Javier Milei has introduced a new labour reform proposal to Argentina’s Congress, aiming to address what his administration describes as a "rigid structure" that has hindered job creation in the country.
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