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The Epidemic Known as Coronavirus Has Spread and Is Affecting Petrobras and Soon Could Even Affect Job Openings
“In addition to the fatal victims, the rapid spread of the coronavirus has left its marks on the global and Brazilian economy, mainly at Petrobras. The origin of the outbreak, China has the second largest GDP on the planet, and a slowdown in its economy ends up affecting the whole world – with effects, for example, on countries that depend heavily on exports to the Asian country, such as Brazil.
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On one hand, it affects companies’ earnings and economic activity, but on the other hand, falling commodity prices could lower the cost of some products. One example: if the decline in oil prices persists, fuels could become cheaper in Brazil. However, for that to happen, the decline of the real against the dollar cannot be too strong, as the rise of the U.S. currency works in the opposite direction, inflating the price of goods traded in the international market.”
The First Reaction to the Coronavirus Was in the Financial Market
In an attempt to contain the spread of the virus, China adopted drastic measures to reduce the flow of people on the streets and movements across the Asian continent. Global stock markets started the week down. The price of oil fell below US$ 60 for the first time in nearly three months. The dollar appreciated against the real. And even the projections for the Selic – the benchmark interest rate of the Brazilian economy – were revised.
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Unemployment rises again to 5.8% at the beginning of 2026, raising alarms about the end of temporary positions and its impact on the Brazilian job market.
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Document organization can cut invisible costs in small businesses, a simple step that prevents waste, rework, and losses in daily operations.
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Chinese giant worth nearly R$ 4 billion that manufactures cables for electric cars, solar energy, and robotics wants to open a factory in SC.
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Many employers do not know, but the law guarantees domestic workers a 25% increase in salary during trips, 50% for overtime, 20% for night shifts, and 17 additional benefits that can lead to labor lawsuits if not paid.
On Tuesday (04), the World Health Organization (WHO) admitted that it was wrong in its initial assessment of the effects of the coronavirus. The organization began to classify the risk of the new virus as “high,” no longer “moderate.” The WHO also stated that the disease is still not a global health emergency, but “it could become one.” The last were the swine flu (H1N1), the Zika virus, and Ebola.”
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