City Brasilia Financial News

Brazil's former President Jair Bolsonaro has been barred from running for political office until 2030 by the country's highest electoral court. The court reportedly found him guilty of abusing his power and misusing public media during the 2022 election campaign. This verdict effectively ends any possibility of Bolsonaro making a political comeback in the upcoming 2026 election.

Brazil's President Luiz Inácio Lula da Silva has welcomed China’s President Xi Jinping for a state visit at the Alvorada Palace in Brasilia, in the latest sign of deepening ties between the two countries that analysts say may accelerate as Donald Trump...

Brazilian government on Thursday apologized for human rights violations in the persecution and incarceration of Japanese immigrants in the years after World War II.

Rio de Janeiro next week, following two years of geopolitical disputes that overshadowed their work and raised questions about the very purpose of the G-20. Geopolitical clashes, particularly the conflicts in Ukraine and Gaza, will be addressed in a separate chair statement published by the host nation together with the communique, according to ambassador Mauricio Carvalho Lyrio, the secretary for economic and financial affairs at Brazil's foreign ministry. «We need to resume the production of documents by the G-20,» he told reporters in Brasilia on Friday. «We will no longer demand the inclusion of language about geopolitics in ministerial documents.» Deep disagreements over the wars prevented G-20 finance chiefs from issuing a communique in February, when they met in Sao Paulo under Brazil's rotating presidency of the group. The same happened in India last year and in Indonesia in 2022. President Luiz Inacio Lula da Silva's presidency of the G-20 is facing steep challenges in a tumultuous international climate dominated by contentious elections and the wars. Still, Brazilian authorities say discussions around his main proposals are making progress. The leftist leader has been pushing for the creation of a global minimum tax on billionaires to fund actions against climate change and programmes to eliminate world hunger.

By Anthony Boadle

Brazil has observed the anniversary of last year’s uprising in the capital when thousands of supporters of former President Jair Bolsonaro stormed government buildings and called for a military intervention to remove President Luiz Inácio Lula da Silva...

Brazilian President Luiz Inácio Lula da Silva likes to boast he had a good first year after returning to the job

By Lisandra Paraguassu, Roberto Samora and Sabrina Valle

BRASILIA (Reuters) — Home working in Brazil may be relieving wage pressure in an otherwise buoyant labor market, a study signed by top central bank officials and released by the Bank for International Settlements (BIS) showed on Friday.

Last week, I was in Brasilia, speaking at Brazil Innovation Week, 2023. I’d been invited to talk about how India’s digital public infrastructure (DPI) offers a new approach to data governance and I was glad for the opportunity to test for myself whether the ideas I had set out in my new book held good in the Brazilian context.

By Marcela Ayres

BRASILIA (Reuters) — Brazil's Finance Minister, Fernando Haddad, said on Monday that revenue shortfalls resulting from past tax changes have an impact on new fiscal rules approved by Congress during President Luiz Inacio Lula da Silva's administration.

BRASILIA (Reuters) -Brazil's ruling Workers Party criticized the Israeli government on Friday for not allowing 34 Brazilians to leave Gaza, saying Israel is playing favorites when deciding who should be allowed to evacuate the besieged Palestinian territory.

By Marcela Ayres

BRASILIA (Reuters) — Brazilian Finance Minister Fernando Haddad said on Monday that as long as he is in his job he will look to ensure «fiscal balance», but stopped short of saying the government's goal of erasing the budget deficit in 2024 remains in place.

By Lisandra Paraguassu

BRASILIA (Reuters) — Approval of President Luiz Inacio Lula da Silva's performance has fallen in the last two months as Brazilians worry that Latin America's largest economy is worsening, a new Genial/Quaest poll showed on Wednesday.

By Marcela Ayres and Bernardo Caram

Officials say the Amazon rainforest in Brazil is facing a severe drought that may affect around 500,000 people by the end of the year

BRASILIA (Reuters) — On his first trip to Cuba during his third term in office, Brazilian President Luiz Inacio Lula da Silva called the embargo imposed by the United States on the island «illegal» and denounced the island's inclusion on the list of state sponsors of terrorism.

BRASILIA (Reuters) — Brazil's Foreign Ministry said on Thursday that Mercosur's response to the European Union's additions to their long-awaited trade accord has been delivered to Brussels and negotiators will meet by video-conference later in the day.

In a bid to slow down deforestation in the Amazon, Brazil will provide financial support to municipalities that have reduced deforestation rates the most