
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.

Brazil’s Supreme Court delayed indefinitely a decision on whether former president Lula da Silva should be freed from prison, where he is serving a 12-term for corruption. One of the five justices called for the postponement to give more time to study the case after two of his colleagues decided against a release.

Brazil’s presence in the benchmark emerging-market stock index could rise again should incoming President Jair Bolsonaro deliver on his promises to shore up the finances of Latin America’s largest economy, according to MSCI Inc chief executive Henry Fernandez.

The current competences of Brazil's Labour Ministry will be spread into three other ministries when President-elect Jair Bolsonaro takes office next year, Onyx Lorenzoni announced Monday in a radio interview. Lorenzoni is the current minister of transition and will head the Civil House under Bolsonaro.

Brazil's incoming far-right president, Jair Bolsonaro, took a swipe at the government's environmental monitoring agencies, warning he would not allow them to impose “fines all over the place.”

President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy minister. The appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.

Brazil's president-elect Jair Bolsonaro said “prudence” was necessary before signing any trade agreement with other nations, in reference to the ongoing negotiations between Mercosur and the European Union.

After the controversy generated by a resolution in which the Ministry of Security of Argentina allows the police to use lethal weapons against a person who flees in the framework of the summit of the Group of 20 in Buenos Aires, the minister Patricia Bullrich went to clarify that this disposition “has nothing to do with the mobilization” against the G20 crowded by social organizations this Friday.

Brazil has withdrawn its offer to host a large U.N. conference on climate change next year, the foreign ministry said on Wednesday, leading environmental groups to question the government's commitment to reducing carbon emissions.