Brazil
The unintended consequence of Trump's tariffs is pushing BRICS together
President Donald Trump’s tariff salvo aimed at some of the BRICS economies is in danger badly of backfiring on US interests by driving the more moderate members of the world’s leading emerging economies into the anti-Western Sino-Russian alliance
INTERVIEW: Former US official on America's lost authority as Global South acts on Gaza
As Gaza's death toll passes 61,000, nations meeting in Bogotá pledge concrete measures to halt arms flows to Israel. Ex-US official Annelle Sheline, who resigned over Washington's Gaza policy, calls it a turning point for the Global South.
ECLAC raises Latin America growth forecast to 2.2% but warns of prolonged slowdown
The UN Economic Commission for Latin America and the Caribbean has lifted its 2025 regional growth estimate to 2.2% from a previous 2.0% projection, whilst acknowledging that economic expansion remains constrained by global volatility
Bolsonaro house arrest threatens to escalate US-Brazil diplomatic crisis
Brazil's Supreme Court decision to place former president Jair Bolsonaro under house arrest has heightened concerns within President Lula da Silva's government that Trump will use the move to justify further economic retaliation.
US effective tariff rate at 17% after July duties adjustment - Fitch
The United States’ effective tariff rate (ETR) has settled at 17% following the latest reciprocal duty announcements on July 27 and July 31, according to Fitch Ratings.
Brazilian deepwater yields BP's biggest oil and gas find in decades
BP has announced its most significant oil and gas discovery in 25 years following successful drilling at the Bumerangue prospect in Brazil's deepwater Santos Basin.
US DoE muddies the ClimateCrisis waters with report downplaying the emissions problem
As part of the Trump administration’s attempts to take the Climate Crisis off the agenda, the US Department of Energy has released a report downplaying the impact of fossil fuels on global warming.
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Trump hits Brazil with 50% tariffs over Bolsonaro case
The US has imposed sweeping 50% tariffs on Brazilian exports following an executive order signed by President Donald Trump on July 30, escalating a diplomatic crisis over Brazil's prosecution of former far-right president Jair Bolsonaro.
IMF corrects growth forecast upwards – Statista
Despite uncertain market conditions amid the Trump administration's tariff regime and major global conflicts, the International Monetary Fund has upped its global economic growth forecasts for 2025 and 2026 slightly, Statista reported on July 30.
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IMF raises growth forecasts for Latin America amid trade and geopolitical risks
The IMF raised its 2025 growth forecast for Latin America and the Caribbean to 2.2%, but the region is still expected to lag behind emerging markets, which are projected to grow 4.1%.
COMMENT: What Brazil can learn from the EU's asymmetric surrender
The EU's capitulation to Trump's trade demands, accepting 15% tariffs and $1.35 trillion in commitments, reveals the cost of lacking strategic leverage. For Brazil, facing similar US pressure, Europe's surrender serves as a stark warning.
Trump to kill US Climate Crisis commitment by gutting the EPA of its powers
The Trump administration will end any pretence of trying to fight the accelerating Climate Crisis with a plan to gut the Environmental Protection Agency (EPA) of its authority and end its core programmes to reduce emissions.
Brazilian AI startup bags millions for sector push
Artificial intelligence startup Fu2re has secured BRL12.5mn ($2.23mn) in funding to expand its generative AI capabilities.
IPCC releases dire sixth climate update in run-up to COP30
“Any further delay in global action to slow climate change and adapt to its impacts will miss a brief and rapidly closing window of opportunity to secure a liveable and sustainable future for all”.
ICJ declares healthy environment is a human right in landmark climate ruling
The International Court of Justice (ICJ) has issued a historic advisory opinion recognising a clean and sustainable environment as a human right, declaring that states which fail to curb emissions may be in violation of international law.
Brazil braces for $32bn economic hit from Trump tariff threat
Brazil faces potential losses of up to BRL175bn ($31.7bn) over the next decade if the US follows through on plans to impose 50% import tariffs on Brazilian goods.
Earth overshoot day is already long past – Statista
July 24 marks this year's Earth Overshoot Day, the day that humanity’s demand for ecological resources exceeds the resources Earth can regenerate within that year, Statista reports. That day has already long passed.
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Brazil to join South Africa's genocide case against Israel at ICJ
Brazil is set to formally join South Africa's genocide case against Israel at the International Court of Justice, in a move likely to ratchet up international legal pressure on Tel Aviv over the Gaza conflict.
World has less than three years to avert worst climate impacts, scientists warn
A new global climate report warns that the world is on the brink of irreversible damage. The findings come amid sluggish international action ahead of COP30.
COMMENT: Can BRICS deliver beyond the rhetoric? experts weigh in
BRICS has evolved from an emerging economies club into a coalition Trump sees as threatening enough to warrant tariffs. Experts reveal tensions between China's dominance and multipolar goals, with institutional gaps but growing Global South support.