Monthly Archives

May 2018

About the coverage – May 30th

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With Verbling you can choose to learn from between more than 40 different languages and have classes with native teachers anywhere you want via video conference, giving you the tools to learn another language for personal reasons or professional reasons!

The online language teaching platform has virtually all of its employees around the world working remotely, as well as their teachers and students. This not only goes to show how forwarding thinking Verbling is as a company, but gives the company a unique know-how in how to be effective working remotely.

This was the focus in this article by Verbling marketing director Jina Shin, in which she explains how the day to day realities of remote work life really work, everything from meetings to project management. It was published in America Economia, one of the most important business and economy media outlets in Brazil.

The Brazil Business and Politics Round-up May 28th 2018

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Politics

  • Truck drivers on strike after Diesel prices go up; Gas becomes rare in a matter of days Since the 21st approximately 300,000 truck drivers went on strike, causing road blockades in 25 states, affecting goods distribution in the country due to the adjustment of the price of diesel; the government has since then gave to many of the strikers demands
  • Michel Temer won’t seek re-election; Henrique Meirelles new MDB pre-candidate The two were together about 50 days ago on the party’s headquarters in Brasilia, announcing both as pre-candidates; Meirelles said he will seek the union of the Center
  • First to be arrested in the PSBD scheme, former governor surrenders The former governor of Minas Gerais, Eduardo Azeredo (PSDB) turned himself in to begin serving his sentence of 20 years and one month in prison for embezzlement of public funds and money

Business

  • Dollar closes below R$ 3.70 after major intervention by Central Bank Economists interviewed by the BC’s own Focus research now forecasts the Dollar the currency at R$ 3.43 by the end of the year and R$ 3.45 in 2019
  • Taxpayers to suffer the consequences of cheaper diesel for truckers As the government announced an agreement with truckers’ representatives to suspend their strike for 15 days, the promising to reduce the CIDE fuel tax on diesel will affect the pockets of taxpayers

About the coverage – May 24th

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Supply chain and ecommerce technology leader, Manhattan Associates continues to gain industry recognition, being named as “visionary” once again in the Gartner Inc Magic Quadrant for Transportation Management Systems (TMS).

The report focused on the quality of the TMS software, the vision of execution of Supply Chain (SCE) and Manhattan Associates’ position in the market.

Revista Mundo Logística, one of the most important publications in Brazil about logistics and business solutions, was one of the media outlets that covered the story.

The Brazil Business and Politics Round-up May 21st 2018

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Politics

  • One in three presidential candidates drops out of the race six months before the poll Eversince 1985, when democracy in Brazil was restored, an average of one in three of the main presidential candidates drop out of the race six months before the poll day
  • Brazilian prosecution office indicts JBS’ executives and ignores agreement The Federal Prosecution Office indicted JBS’ executives and informers Joesley Batista and Francisco de Assis on charges of active corruption, money laundering, violation of functional confidentiality and obstruction of investigations
  • São Paulo police kill more men, blacks and youth Data from an unpublished research shows there are more men, blacks and young people killed as a result of police interventions than the number of murder victims in the State of São Paulo

Business

  • Brazil’s Central Bank maintains interest rate at 6.5% The decision was unexpected, as surprised financial market analysts were estimating a new cut of 0.25%; On another note, the cycle of interest rate cuts, which started in October 2016 when the rate was as high as 14.25%, has ended
  • Operation against illegal mining launched by Federal Agencies The Brazilian Federal Prosecution Office (MPF) and other federal government have started an operation against mining and companies in the Tapajós river area, in Pará, aiming to attack an illegal chain of gold mining in the Amazon

About the coverage – May 18th

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Freshworks Inc is the company behind a suite of products including Freshdesk, Freshservice, Freshsales, Freshcaller, Freshteam, Freshchat and Freshmarketer, all designed to work together to increase collaboration among teams and help them connect and communicate better with their clients and co-workers.

They have been doing an amazing job since being founded in October 2010. it’s cloud-based SaaS suite is used by over 150,000 customers worldwide including Honda, Bridgestone, Hugo Boss and Toshiba.

In this article Freshworks’ CEO Girish Mathrubootham, gives some tips for  dealing with difficult clients and turning difficult conversations into a chance to learn.

The tips can help make relationships easier and more positive for both businesses and customers. They can also offer a great way to position the brand  and increase  awareness about how they can be helpful for business all over Brazil in solving some day to day issues.

The Brazil Business and Politics Round-up May 14th 2018

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Politics

  • CIA Document exposes former President from the Brazilian military regime as executions supporter The CIA document was posted on social media by journalist Matias Spektor, which claimed the piece was “the most disturbing confidential document” that he had ever read in 20 years of research
  • Brazil’s Justice proposes extention of privileged jurisdiction restriction Justice Dias Toffoli, a member of Brazil’s Supreme Court, has drafted a proposal to extend the restriction of privileged jurisdiction to all the authorities of the Executive, Legislative and Judiciary branches at the federal, state and local levels
  • Witness accuses city councilor in the Murder of Marielle Franco; Politician Denies Connection “My relationship with Marielle was very good; I don’t understand why this factoid against me was created,” said Marcello Siciliano; Marielle Franco (PSOL) was murdered on March 14

Business

  • Brazilian Airline Companies affected by soaring oil prices The price of the commodity is causing major concern for airline companies, once they suffer from the consequences of high prices for the fuel, raising their operating costs
  • Viracopos airport seeks for bankruptcy protection If the request for Bankruptcy protection filed on Monday (the 7th) is granted, partners could get relief from their payment obligations for concession granting fees already due for 2017 and those that come due at the end of the month

About the coverage – May 10th

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Airfox continues to make waves in Brazil with it’s unique financial service app based on blockchain technology. This week Forbes magazine carried a great piece in which it described Airfox as “democratic fintech”, as the mission of the app is to grant access to financial services to Brazilian’s without bank accounts on their smartphones.

Over 64% of the population of Brazil don’t have bank accounts. And the ones that do have to face high taxes and a lot of bureaucracy. Not only does Airfox grant access to services such as deposits, payments and charging the public transport card on the palm of the user’s hand, the app also doesn’t require credit checks, unlike it’s competitors, which means anybody can be an Airfox user.

On this Forbes piece, Airfox’s CEO Victor Santos was interviewed and talked about banking accessibility in Brazil.

The Brazil Business and Politics Round-up May 7th 2018

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Politics

  • Partial Immunity for Congressmen and Senators narrowed by Brazil’s Supreme Court The court will only try members of congress if they are accused of committing a crime during their terms and if the crime is connected to their activities as representatives, making the proccess
  • Presidente Michel Temer cancelled his Speeches on May 1 due to chance of booing There are 13.7 million people unemployed  in the country as of now
  • Brazil’s Next President To Face Narrower GPD Spending Margin Due to the country’s spending cap, whoever is elected president will have to face the lowest spending margin in terms of GDP since 1997

Business

  • Brazilian Steel Makers Accept Quotas Imposed by The US An ultimatum by Donald Trump’s administration made Brazilian steel mills accept steel export quotas to the United States; The measure will effectively mean a reduction of 20% in Brazilian sales to the US
  • Excessive increase in Açai Berry production may harm it’s harvesting The harvesting and cultivation of açai berry generates about US$ 141,7 million per year to the Amazon, but the producers might be shooting themselves in the foot when excessively increasing the production.

About the coverage – May 3rd

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Toluna is a research company that provides rapid consumer insight helping many of their costumers gain a competitive edge.

Recently one of the most respected colounists in Brazil, Carlos Brickman, ran a story based on Toluna’s research into privacy issues raised by data breaches at Facebook. This is a serious issue in Brazil with the highest proportion of number of digital users and by the fact that over half a million Brazilians are affected by the CA scandal at Facebook.

The bit was published by more than 40 media outlets in Brazil, including this Veja article by columnist Augusto Nunes, one of the most important websites and magazines in Brazil.

The Brazil Business and Politics Round-up May 2nd 2018

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Politics

  • Jailed in Brazil’s Lava Jato Operation Have Assets Blocked and Cannot Pay for Compensation
    The compensation for damage is a type of indemnity for the crime committed in which the resources embezzled are returned; The payment of compensation for damage has made the concession of reduction of prison sentences to those jailed in the Operation come to a standstill.
  • President Michel Temer Cancels Trip to Asia as Investigations Advance His decision coincides with the request made by the Federal Police to continue with investigations against him over the decree that benefitted a port company
  • Former Lula and Dilma Minister Reaches Plea Bargain Agreement with Investigators Antonio Palocci, the right hand man to presidents Luiz Inácio Lula da Silva (2003-2010) and Dilma Rousseff (2011-2016) in terms of their economic and political agendas, has been in pre-trial detention since September of 2016, had tried to reach an agreement previously with investigators, but hadn’t succeeded

Business

  • Vale Profits Fall 36% in ‘Very Complex’ Q1 Brazil’s Vale, the world’s largest iron ore producer, posted a 36% drop in net income in a “very complex” first quarter of the year; Results released on Wednesday show the company reported US$ 1.59bn in net income, down from US$2.49bn a year ago
  • Unemployment Hampers Advance of Labor Reform Breakthrough The agreement between an employer and a fired employee, one of the breakthroughs introduced by labor reform last year, has hardly been used due to high levels of unemployment
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