Itaú Says That the Future of the Brazilian Economy Is At Risk With Lula's Return to Power

Itaú Says That the Future of the Brazilian Economy Is At Risk With Lula’s Return to Power

Written by Bruno Teles

Published on 17/01/2023 at 18:18

Itaú diz que o futuro da economia brasileira está em perigo com a chegada de Lula ao poder (Foto/divulgação)

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Itaú Asset, the Investment Fund Manager of Itaú Unibanco, Which Was Chosen as the Best in Brazil by the FGV Fund Guide 2020, Launched a “Red Alert” to Its Shareholders About the Future of the Brazilian Economy Thanks to Current President Lula’s Decision (PT).

The Asset Sent a Notice to Its Shareholders Last Week Indicating That There Is Concern About the Brazilian Economy in Relation to the “PEC do Rombo”. Why Is Itaú Worried About the Brazilian Economy? The Company Saw Bleak Future Prospects for the Brazilian Economy and Criticized Lula for Not Being Clear Enough When Answering Simple Questions from Financial Markets About Tax Reform and Tax Increases.

“Our Challenges to Understand the New Fiscal Framework and the New Economic Policies of the Government That Just Took Office Will Bring, at Minimum, Some Entropy and Volatility to the Markets,” Says a Section of the Document.

Furthermore, the Bank Added More Details in the Video About the Brazilian Economy:

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Heir of Itaú Bank Donated to Lula’s Campaign

The Interesting Thing About the Stance of the National Bank on the Brazilian Economy Is That the Heir of Banco Itaú, Beatriz Bracher, Is the Second Largest Individual Donor to Lula’s Campaign. In Total, She Transferred 350 Thousand Reais. The Daughter of Fernão Bracher, Founder of BBA, a Bank Incorporated into Itaú, Came In Second Only to Entrepreneur Altair de Jesus Vilar Guimarães, Who Donated 600 Thousand Reais to the PT.

Itaú Says That the Future of the Brazilian Economy Is At Risk With Lula’s Return to Power

Itaú Asset, the Investment Fund Manager of Itaú Unibanco, Which Was Chosen as the Best in Brazil by the FGV Fund Guide 2020, Launched a “Red Alert” to Its Shareholders About the Future of the Brazilian Economy Thanks to Current President Lula’s Decision (PT).

Heir of Itaú Bank Donated to Lula’s Campaign

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While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

Changan and Chery promise mass production of solid-state batteries with 1,500 kilometers of range in 2027 while Tesla still uses lithium and Toyota only promises to deliver theirs in 2028.

Volkswagen admits to Reuters that the value of its cars is falling in Brazil due to the aggressive entry of Chinese companies like BYD, but asserts that it will not enter a price war and believes it is well-positioned to hold back the advance.

How to make charcoal in the backyard using a small oven covered with galvanized sheets and sealed with fine soil, in a traditional Filipino technique called pugon that yields up to one and a half bags of charcoal per burn.

You won’t believe how industrial egg production works in Brazil and the level of technology behind millions of units produced every day.

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Itaú Says That the Future of the Brazilian Economy Is At Risk With Lula’s Return to Power

Itaú Asset, the Investment Fund Manager of Itaú Unibanco, Which Was Chosen as the Best in Brazil by the FGV Fund Guide 2020, Launched a “Red Alert” to Its Shareholders About the Future of the Brazilian Economy Thanks to Current President Lula’s Decision (PT).

Heir of Itaú Bank Donated to Lula’s Campaign

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

While cities spend fortunes patching potholes and tons of plastic become waste, the Netherlands transforms over 218,000 recycled cups into a modular bike path that can conceal drainage, cables, and pipes.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

Changan and Chery promise mass production of solid-state batteries with 1,500 kilometers of range in 2027 while Tesla still uses lithium and Toyota only promises to deliver theirs in 2028.

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Volkswagen admits to Reuters that the value of its cars is falling in Brazil due to the aggressive entry of Chinese companies like BYD, but asserts that it will not enter a price war and believes it is well-positioned to hold back the advance.

How to make charcoal in the backyard using a small oven covered with galvanized sheets and sealed with fine soil, in a traditional Filipino technique called pugon that yields up to one and a half bags of charcoal per burn.

You won’t believe how industrial egg production works in Brazil and the level of technology behind millions of units produced every day.

Material practically banned for almost 90 years makes a strong comeback in construction: made of hemp and lime, it insulates 15 times more than concrete, absorbs CO₂ over the centuries, and challenges an industry that helped push it out of the market.