Brazilian outgoing president Michel Temer said on Thursday his government will leave a primary budget deficit fewer than 130 billion reais (US$ 33.3 billion) when he hands over the reins to President-elect Jair Bolsonaro on January first.
A Brazilian federal court on Thursday suspended a proposed US$ 4.75 billion tie-up between US aerospace giant Boeing and the civilian business of Brazilian plane-maker Embraer pending the government of president-elect Jair Bolsonaro taking office.
The number of people living in poverty in Brazil grew by two million last year in the wake of the country's worst recession on record, according to the government statistics bureau.
Environmental activists have labelled Brazil and Saudi Arabia “fossils of the day” during the United Nations two-week climate conference in Katowice, Poland.
Five of the world’s largest democracies now have populist governments, claimed The Guardian last week, and proceeded to name four: the United States, India, Brazil and the Philippines. Which is the fifth? At various points it name-checks Turkey, Italy and the United Kingdom, but it never becomes clear which. (And by the way, India’s prime minister Narendra Modi is not a populist. He’s just a nationalist.)
The United Nations said on Tuesday it was seeking US$ 738 million in 2019 to help neighboring countries cope with the inflow of millions of Venezuelan refugees and migrants, who have “no prospect for return in the short to medium term”.
Traditionally leaders of Brazil have had to offer ministerial posts to allied parties to form a working majority in a Congress that has more than two dozen parties. But following years of corruption scandals that pummeled trust in Brazil’s political establishment, president-elect Jair Bolsonaro has chosen his cabinet ignoring powerful party bosses.
Brazil's Supreme Court said on Tuesday it had authorized a federal investigation into allegations that the incoming chief of staff for far-right President-elect Jair Bolsonaro had taken illegal campaign donations.
Norway will pay Brazil US$ 70 million for reducing deforestation in the Amazon in 2017 but is concerned over a more recent surge in the destruction of the world's largest tropical rainforest, according to a Norwegian government statement.
Right-wing President-elect Jair Bolsonaro said on Tuesday he plans to tackle the overhaul of Brazil's fiscally burdensome pension system with piecemeal reforms that can pass Congress, starting with an increase in the minimum age of retirement. He said reforms should start with the public social security system and advance gradually to make sure they pass Congress.