Tuesday, 20 November, 2018

German business unfazed by Brazil’s new President Jair Bolsonaro

Golden-crowned manakin CC BY-SA 3.0 Dysmorodrepanis Paratype male of Lepidothrix vilasboasi'Exceedingly Rare Discovery Scientists Find First Known Hybrid Bird in Amazon
Sandra Phillips | 03 November, 2018, 10:26

However, Bosch's CEO in Brazil, Wolfram Anders, sees the positive stock market move as speculative, not sustainable.

"Those who don't respect the law need to understand they will be held responsible, either before the law or by being taken down", he said.

Although his campaign coalition was called "God above all" (Deus acima de todos), The Catholic Agency For Overseas Development (CAFOD) said Bolsonaro's policies will persecute the social movements that protect environmental defenders.

"The Bolsonaro effect is a derivative of the Brazilian market not wanting another term of the PT Party in power", said Andean Capital Investments president Daniel Osorio.

But German executives in Brazil are hopeful that Mr. Bolsonaro's election will end a period of instability.

In his television interview Bolsonaro - who recently threatened to exile or jail "red outlaws" - said he expected "fierce" opposition but would not seek "to crush" such dissent.

Guedes, who wants to privatize an array of state firms, said on Sunday the new government will try to erase Brazil's budget deficit within a year, simplify and reduce taxes, and create 10 million jobs by cutting payroll taxes.

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The Globo newspaper, in a separate article citing unnamed sources close to the judge, reported on Tuesday that Moro was weighing Bolsonaro's offer, feeling that he could reassure citizens concerned the president-elect will not govern democratically.

His once-mighty Workers' Party said Tuesday the election was tainted by Moro's probe, and vowed "resistance" to Bolsonaro's government.

Bolsonaro, who openly admires Brazil's former military dictatorship and shocked many with his derogatory remarks on women, LGBT people and people of color, remained vague about the environment during campaigning. The other collective, a nine-person slate dubbed the "Activist Caucus", which includes both a transgender and bisexual member, won a seat in the São Paulo legislature. "A lot of people don't have the right information".

The press is not the only target of Jair Bolsonaro, the far-right former Army captain. Opponents of the materials claimed they would promote homosexuality and promiscuity in the classroom, and Bolsonaro described the materials as a "gay kit".

"We have the responsibility to mount an opposition, putting national interests, the interests of the entire Brazilian people, above everything", Haddad said in a speech to supporters.

Retired General Augusto Heleno, slated to become defense minister, told reporters that Bolsonaro has a positive view of a planned $4.75 billion joint venture between Boeing Co and Brazilian planemaker Embraer SA.

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