Brazil
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Brazil's airline Azul files for Chapter 11 bankruptcy to restructure pandemic debt
Brazilian airline Azul has filed for Chapter 11 bankruptcy protection in the US as it seeks to restructure billions of dollars in mostly pandemic-era debt.
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Latin America faces investment drought as fiscal space shrinks, ECLAC says
ECLAC report highlights the region's struggle with low public investment amid mounting debt pressures.
COMMENT: Ranking the top 60 economies’ exposure to US tariffs
US President Donald Trump’s threat to impose a 50% tariff hike on the EU has put the cat amongst the pigeons again. If he follows through then Europe, which is highly dependent on US trade, will be amongst the most damaged economies in the world.
Countdown to disaster: timelines to cross temperature thresholds tabulated
The Climate Crisis is accelerating and all the main players predict that the world will warm by more than the 1.5C Paris Agreement target by next year and the 2C maximum will be broached by 2037 – far earlier than previously forecast.
Brazil dismantles Russian 'spy factory' in major counterintelligence operation, NYT reports
Brazilian federal agents have exposed a sophisticated Russian intelligence operation that used the South American country as an "assembly line for deep-cover operatives."
Sunlight heating effect on earth more than doubles in the last decade
Global warming results from man-made greenhouse gas emissions that have doubled the heating effect from incoming sunlight, which is now more than the heat radiated by earth into space in the last decade, according to a research paper.
COMMENT: How Europe can win the digital nomad race
Record levels of immigration are dominating political debate in the world’s wealthiest countries. But there is a latent trend, still bubbling under the surface, which might soon occupy the minds of Western policymakers: emigration.
EVs to account for one in four car sales this year
Global electric vehicle sales are expected to more than triple by 2030, reaching 45mn units annually, driven by expanding markets in China and strengthening policy support in advanced and emerging economies, according to the IEA.
COMMENT: China and Latin America forge ‘shared future’ as US wields coercive diplomacy
China hosted Latin American leaders at the China-CELAC Forum, pledging $9.2bn and deeper ties. As US influence fades, Beijing’s “shared future” vision gains ground, fueling a shift in global alliances and challenging Washington’s dominance.
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Brazil poultry sector hit as bird flu prompts global export bans
Brazil, the world's largest poultry exporter, has confirmed its first outbreak of highly pathogenic avian influenza on a commercial farm, triggering immediate import bans from major markets including China and the EU.
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Latin American EV market accelerates threefold in 2024
The number of light electric vehicles in Latin America and the Caribbean saw a dramatic surge last year, tripling in size from 154,966 registered units at the end of 2023 to 444,071 vehicles by December 2024, according to data from Olade.
The world is getting darker, absorbing more sunlight, which is accelerating the Climate Crisis
The world is getting darker as the ice melts and that means it is absorbing more and more sunlight, which is accelerating the process.
Borsa Istanbul leads world markets in dollar-basis losses
Turkey’s exchange-traded fund down 9.5% in year-to-date. Thai performance second worst at 6.5%.
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Brazil and Russia edge closer on nuclear deal
Brazil and Russia are expected to advance cooperation on small modular reactor (SMR) technology, Brazil’s Minister of Energy Alexandre Silveira said after a visit to Moscow with President Luiz Inácio Lula da Silva.
Lula presses Putin to attend Ukraine peace talks as Russian leader sends deputies instead
Brazilian President Luiz Inácio Lula da Silva joined the chorus of voices piling pressure on his Russian counterpart Vladimir Putin to personally attend proposed peace talks with Ukraine in Istanbul, but to no avail.
China woos Latin America with $9bn credit line amid Trump trade tensions
China has offered Latin American and Caribbean countries a CNY66bn ($9.2bn) credit line as part of a comprehensive economic and political cooperation package presented during the CELAC-China summit in Beijing.
Brazil's Lula leverages US-China tensions for investment windfall during Beijing visit
Brazilian President Luiz Inácio Lula da Silva has begun a five-day state visit to China, seeking to deepen economic and diplomatic ties with Beijing amid growing US-China trade tensions.
Brazil poised to challenge China's rare earth dominance
Brazil could emerge as a major competitor to China in the strategically critical rare earths market amid escalating global trade tensions and surging demand for these essential elements in high-tech manufacturing.
Brazil courts Moscow with nuclear and defence pacts as Europe rallies behind Ukraine
Brazil and Russia are pursuing extensive cooperation on nuclear technology, military hardware and space exploration, as President Lula da Silva dismissed European criticism of his attendance at Vladimir Putin's Victory Day celebrations.
Venezuelan dissidents escape Argentine embassy after year-long standoff in Caracas
Five Venezuelan dissidents who had sought refuge in Argentina’s embassy in Caracas have escaped the country after more than a year in hiding, in what sources described as a covert military operation led by the United States.