Brazilian Business Roundup - December 8

Welcome to your go-to source for the latest in Business and Tech across Brazil and Latin America! Each week, we bring you a curated roundup of the most intriguing stories, ensuring you stay informed and ahead of the curve. 

In just 5 minutes, you'll get a concise overview of the region's key developments, from groundbreaking tech innovations to pivotal business moves. Our mission is to provide you with valuable insights to drive smarter decisions and spark new ideas. Ready to dive into the highlights? Let's get started!

📰Here’s our Top Stories:

🌿Brazil’s medicinal cannabis market is smoking hot

Brazil’s medicinal cannabis market is set to expand by 22 percent this year, reaching a valuation of BRL 852 million (USD 142 million), according to a new report from market intelligence firm Kaya Mind. Read more

📡Brazilian regulators concerned about Starlink dominance

Brazil’s telecommunications regulator, Anatel, is assessing a proposal from Starlink to expand its low-Earth orbit satellite fleet in the country. The watchdog is concerned the company’s plans could harm space sustainability and market competition. Read more

🫰Consumer demand and investment heat up Brazilian economy

Brazil’s gross domestic product grew at an annual rate of 4 percent in Q3, driven by consumer demand and investments, according to data released this week by the Brazilian Institute of Geography and Statistics (IBGE) Read more

👀Worth keeping an eye on!

🧑⚖️A race against the clock to approve Brazil’s tax reform. Read more

🌐Brazil-France tensions rise as Mercosur-EU deal appears to reach home stretch. Read more

💉Brazil’s rising obesity rates fuel major demand for weight-loss drugs. Read more

🇺🇸 The waning reach of U.S. leadership in Latin America. Read more

🎨Check out this week’s cartoon.

Republican billionaire Donald Trump, the president-elect of the United States, still has a few weeks before his January 20 inauguration. But even before taking office, the eccentric politician already pointing his finger at multiple nations, promising to impose high tariffs against them. Read more

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🎙️ On this week’s podcast …

Brazil's economic indicators suggest a nation on the rise. Yet, the Brazilian real is plummeting, borrowing costs are climbing, and market confidence has been in free fall for months. Editor-in-chief Gustavo Ribeiro speaks with Mario Sergio Bessa to discuss. 🎧 Listen to the full podcast here!

Every Wednesday, join us for a new episode of the Explaining Brazil podcast — a finalist for the Digiday Media Awards for Best Podcast! Dive deep into Brazil's most pressing issues with expert analysis and engaging discussions. Whether politics, business, or culture, we’ve got you covered.

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✈️On-the-Fly Headlines

📉Brazil's unemployment rate hits a new low. Read the details

🌐No deal yet for Mercosur, EU. Read the details

🌳Lula launches Amazon Seal for sustainable goods and services. Read the details

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That wraps up this week’s edition. See you next Sunday evening! Subscribe to the Brazilian Business News Roundup, your essential weekly recap to never miss a beat in Brazil’s business environment.

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Founded in 2017, The Brazilian Report is an English-language media outlet uniquely positioned to provide an insider’s view of current affairs in Brazil and Latin America, with a mission to make Latin Americans’ voices heard and become the reference for Latin American news worldwide. An award-winning newsroom, The Brazilian Report has just received recognition for its portfolio of newsletters at this year’s Wan Ifra Awards.

Within 6 years of existence, The Brazilian Report has gained international recognition. It has become the go-to source for several embassies, think tanks, and international news outlets, including Time Magazine, CNBC, BBC Worldwide, Vox, Axios, Radio France, CGTN, among others.