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SBD Global/April 17, 2014/Events and Attractions
Rio Chiefs Meet To Discuss Hovercrafts For World Cup Tourist Transportation
Published April 17, 2014
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BRAZIL DEFENDS SPENDING: The Brazilian government "has rejected claims that the pubic cost of staging this year's World Cup has impacted funding for health and education." In a speech to Brazil's congress on Tuesday, Sports Minister Aldo Rebelo said that his portfolio's annual budget -- which includes World Cup projects -- "is less than one percent of that for health and education." Rebelo said, "There are those who compare investments in the World Cup with health and education, as if there has been a misuse of resources. This argument does not have any weight" (XINHUA, 4/16).
SOLAR SPONSOR: CHINA DAILY's Zhang Yuwei wrote when the World Cup kicks off in Brazil in June, China's Yingli Solar will join brands such as Budweiser, McDonald's and Johnson & Johnson -- "household names that usually sponsor international sporting events" -- and be the only Chinese and only renewable energy company sponsoring the games. Yingli is "the world's largest solar panel manufacturer." Yingli Solar, which established a Sao Paulo office in '11, "is one of many trying to tap into the renewable energy market in the Latin American region, where Chinese investment is on the rise" (CHINA DAILY, 4/16).