Brazil’s automotive sector has achieved exceptional results in 2024, recording the fastest growth among the top ten global markets, as reported by Brasil 247, a partner of TV BRICS. Vehicle sales surged by 15 per cent compared to the previous year, reaching 2.6 million units, which included passenger cars, light commercial vehicles, trucks, and buses. Investments in the industry reached an unprecedented US$29.63 billion, with US$21.40 billion contributed by vehicle manufacturers and US$8.23 billion by the auto parts sector. This…

Brazil’s oil production is expected to reach 3.6 million barrels per day (bpd) in 2025, up about 6 per cent from an accumulated average of 3.4 million bpd this year through October, according to the data from the Brazilian Petroleum Institute (IBP).  Brazil could earn 120 billion reals (US$19,4 billion) from oil in 2025, according to a study by the Brazilian Institute of Oil and Gas (IBP). This is reported by Brasil 247, a partner of TV BRICS. The calculation includes…

Brazil has achieved remarkable milestones in wind energy production, setting two consecutive records. The country recorded a peak hourly average generation of 23,699 MW, followed by a daily average record of 18,976 MW the next day.  These figures, released by the Ministry of Mines and Energy, underscore wind energy’s growing prominence in Brazil’s energy mix. According to the ministry, these achievements highlight the critical role of wind power in diversifying the nation’s energy matrix and advancing its sustainability goals. Favourable…

Brazil’s pioneering Future Fuel Programme reached historic milestones in 2024, cementing the nation’s status as a global leader in sustainable energy transition, as reported by Brazil247, a partner of TV BRICS. Designed to decarbonise the transport sector, the initiative has already attracted investments projected to surpass US$52.52 billion by 2037, with the potential to prevent the emission of 705 million tonnes of CO2. Brazil’s minister of Mines and Energy, Alexandre Silveira, emphasised the programme’s significance. “Brazil reaffirms its leadership in the…

The inauguration ceremony of Chancay Port has been held in Peru. It’s not only a good deep-water port, but also the first smart port and green port in South America, which will bring Peru huge revenues and create a large number of jobs. African Times has published this article in partnership with Xinhua News Agency

As the UN Climate Change Conference (COP-29) begins, Brazil has set forth an ambitious goal to cut its greenhouse gas emissions by 59-67 per cent by 2035 compared to 2005 levels, aiming to reduce emissions to between 850 million and 1.05 billion metric tonnes of CO2 equivalent per year. This is reported by Toda Palavra, a partner of TV BRICS. This update comes as countries prepare to present revised climate commitments in line with the global objective of limiting warming…

Chinese President Xi Jinping will attend the 31st APEC Economic Leaders’ Meeting in Lima and pay a state visit to Peru from Nov. 13 to 17. Xi calls Peru China’s neighbor across the Pacific, although the two countries are thousands of miles apart. African Times has published this article in partnership with Xinhua News Agency

“Condition of good friends, condition of old wine,” Chinese President Xi Jinping cited a Brazilian proverb to describe the long-running friendship between the Chinese and Latin American people when addressing the Brazilian National Congress during a visit to the South American country in 2014. It was Xi’s first visit to Brazil after assuming the Chinese presidency. In the speech, he told stories of people-to-people exchanges between the two countries. He also quoted Brazilian lyricist and novelist Paulo Coelho and mentioned…

African Times has published this article in partnership with Xinhua News Agency

Brazil’s sugar exports in October this year reached a new record, surpassing the figures recorded in the previous year. This is reported by Brasil 247, a partner of TV BRICS. According to the Foreign Trade Secretariat (SECEX), this value corresponds to an increase in sugar purchases from Brazil by India, Indonesia, Egypt and the United Arab Emirates. Brazilian sugar exports reached 3.73 million tonnes, almost 1 million tonnes more than in the same period last year. In total, the country…