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Brazil plans measures for 2027 fiscal savings, source says

Brazil plans measures for 2027 fiscal savings, source says

SAO PAULO, Nov 10 (Reuters) - Brazil will unveil in the next few days measures to achieve a fiscal adjustment equivalent to 0.5% of gross domestic product in 2027, a government source said on Tuesday.

Brazil electoral court fines Meta, sees no deliberate election bias

Brazil electoral court fines Meta, sees no deliberate election bias

SAO PAULO, Nov 11 (Reuters) - Brazil's electoral authority fined Meta's Facebook 7.5 million reais ($1.34 million) for failing to fully comply with judicial orders during last month's presidential election runoff campaign, but said there was no evidence so far the company had deliberately acted to

Analysts weigh how Democrats’ midterm wins could shift Trump’s Latin America policy

Analysts weigh how Democrats’ midterm wins could shift Trump’s Latin America policy

Analysts are examining how recent Democratic wins in the U.S. midterm elections might impact Latin America during President Donald Trump's final two years

World leaders to address COP31 as Turkey pushes for new climate deal

World leaders to address COP31 as Turkey pushes for new climate deal

By Tuvan Gumrukcu and Valerie Volcovici ANTALYA, Turkey, Nov 11 (Reuters) - World leaders will set out their climate priorities in speeches at COP31 in Turkey on Wednesday, as negotiators seek agreement on a plan to increase the share of electricity in global energy use and revive stalled efforts to

U.S. Trade Representative Classifies Brazil's Free Payment System, Pix, as a Trade Barrier

U.S. Trade Representative Classifies Brazil's Free Payment System, Pix, as a Trade Barrier

U.S. Trade Representative Classifies Brazil's Free Payment System, Pix, as a Trade Barrier

First global airline emissions scheme faces 'a litmus test' as credits run short

First global airline emissions scheme faces 'a litmus test' as credits run short

By Simon Jessop and Susanna Twidale ANTALYA, Turkey, Nov 10 (Reuters) - Airlines may struggle to settle their offset bills when the first global scheme to make them pay for their planet-warming emissions takes effect because of a lack of available carbon credits, people from the industry and

Brazil central bank chief says it will keep fighting inflation with tight policy

Brazil central bank chief says it will keep fighting inflation with tight policy

By Marcela Ayres BRASILIA, Nov 10 (Reuters) - Brazil's central bank governor, Gabriel Galipolo, said on Tuesday that the bank would use tight monetary policy to keep inflation under control even if it causes strains in other parts of the economy.

Brazil's central bank signals high bar for rate hikes despite inflation risks

Brazil's central bank signals high bar for rate hikes despite inflation risks

By Marcela Ayres BRASILIA, Nov 10 (Reuters) - Brazil's central bank signaled on Tuesday that slowing economic growth could help limit the inflationary impact of a series of supply shocks, reinforcing expectations that policymakers will keep interest rates on hold despite a worsening price outlook.

Brazil's Lula, worried about high interest rates, pledges budget discipline

Brazil's Lula, worried about high interest rates, pledges budget discipline

By Marcela Ayres BRASILIA, Nov 8 (Reuters) - Brazil's reelected President Luiz Inacio Lula da Silva on Sunday reaffirmed his commitment to fiscal responsibility and said he wanted to help bring down high interest rates but stopped short of announcing new measures to address investor concerns.

Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound

Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound

By Marcela Ayres BRASILIA, Nov 10 (Reuters) - Brazil's central bank said on Tuesday that worsening inflation prospects despite slowing growth reflected four supply shocks: higher oil prices, El Niño-related pressures, the impact of ending the 44-hour work week and a weaker currency driven by

War, conflict must not distract from climate action, leaders warn COP31

War, conflict must not distract from climate action, leaders warn COP31

By Tuvan Gumrukcu and Valerie Volcovici ANTALYA, Turkey, Nov 11 (Reuters) - Wars and trade disputes should not be allowed to distract the world from its struggle to combat global warming, the leaders of Brazil and Turkey told the COP31 climate conference on Wednesday.

Climate crisis is 'outrunning us', UN chief warns COP31

Climate crisis is 'outrunning us', UN chief warns COP31

By Tuvan Gumrukcu and Valerie Volcovici ANTALYA, Turkey, Nov 11 (Reuters) - UN Secretary-General Antonio Guterres told world leaders at the COP31 summit in Turkey on Wednesday that the slow international response to climate change so far had placed the world on a path to destruction.