Brazil

Latin America set for tepid growth as Trump tariff threat looms, ECLAC says

bne IntelliNews December 19, 2024

Latin America and the Caribbean face another year of lacklustre economic performance, with growth projected at just 2.2 per cent in 2024 and 2.4 per cent in 2025, according to a report by ECLAC, which also warned of risks from potential US tariffs.

Geothermal energy poised for major global expansion, says IEA chief Fatih Birol

Ben Aris in Berlin December 15, 2024

"Geothermal energy could see transformative global growth thanks to advancements in technology and expertise from the oil and gas sector," the International Energy Agency (IEA) said in a report groundbreaking report released on December 13.

Latin America urged to boost tax take and private investment to close development gap

bne IntelliNews December 12, 2024

Latin American and Caribbean nations must radically strengthen tax collection and private sector involvement to bridge a $99bn annual sustainable financing gap, according to a new report from leading international organisations.

IMF: Breaking Latin America’s cycle of low growth and violence

Ilan Goldfajn and Rodrigo Valdés December 11, 2024

Violent crime and insecurity cost Latin America 3.4% of GDP annually, fueling a vicious cycle of low growth, emigration and instability. Breaking this requires bold reforms, stronger institutions and regional cooperation to tackle organised crime.

COMMENT: Trump’s White House picks signal rocky start with Latin America

Ricardo Martins in Utrecht December 9, 2024

Trump's return to power sets up a confrontational start with Latin America, threatening tariffs and strict border controls. Mexico pushes back firmly against US pressure, while China quietly expands its regional influence challenging US dominance.

EU and Mercosur strike historic trade deal, setting stage for political battle

bne IntelliNews December 6, 2024

The European Commission and South American trade bloc Mercosur inked a groundbreaking trade agreement on December 6, creating the world's largest free trade area amid fierce opposition from France and several other EU member states.

European resistance clouds EU-Mercosur deal prospects at Montevideo summit

Marco Cacciati December 4, 2024

South American leaders are gathering in Montevideo this week amid growing optimism that a long-awaited trade agreement with the European Union could finally be sealed, even as resistance mounts among key European nations.

The world has passed peak per capital CO₂ emissions, but overall emissions are still rising

Hannah Ritchie for Our World in Data December 3, 2024

The world has passed peak per capital CO₂ emissions, Our World in Data reported on December 3. However, emissions overall continue to rise.

Trump threatens BRICS with tariffs if they dump the dollar

bne IntelliNews December 2, 2024

US President-elect Donald Trump has warned the BRICS countries they will be hit with 100% tariffs if they attempt to set up an alternative currency to the dollar to settle trade deals.

Global mean sea levels have increased by around 25cm since 1880

Our World in Data November 26, 2024

There are two key drivers of sea level rise. First, water expands as it gets warmer. Second, ice on land – in the form of ice sheets and glaciers – melts and adds water to ocean basins, Our World in Data reports.

China and Brazil forge closer alliance amid Xi’s Latin America push

bne IntelliNews November 21, 2024

China and Brazil have dramatically upgraded their partnership during President Xi Jinping's state visit to Brasilia following the G20 summit in Rio de Janeiro, marking Beijing's most substantial diplomatic advance in Latin America this year.

Carbon Brief releases sixth version of extreme weather event interactive map

bne IntelliNews November 19, 2024

As the planet warms and the Climate Crisis accelerates faster than scientists predicted, extreme weather events from floods to fires have turned into an annual disaster season that is only going to get worse.

French President Macron leads opposition to EU-Mercosur deal as hopes for G20 breakthrough fade

Mathew Cohen November 19, 2024

French President Emmanuel Macron has reaffirmed France's opposition to the European Union-Mercosur Free Trade Agreement (FTA) during his meeting with Argentine President Javier Milei at Casa Rosada on November 17.

G20 summit wraps up with a joint statement strong on sentiment, but short on specifics

bne IntelliNews November 19, 2024

The G20 summit in Rio de Janeiro wrapped up with a joint declaration condemning war and calling for climate change action, but short on specifics.

COMMENT: EU Anti-Deforestation Law challenges Brazilian exports and the future of the Mercosur-EU trade deal

Ricardo Martins in Utrechtd November 10, 2024

The EU Anti-Deforestation Law significantly affects the Global South, particularly Brazilian exports to the European Union, and jeopardises the implementation of the Mercosur-EU Free Trade Agreement.

What would a Trump win mean for Latin America?

Marco Cacciati November 4, 2024

As the US braces for a closely fought presidential election on November 5, Latin America has particular cause for concern over a potential return of Donald Trump to the White House. We rounded up how the region could fare under a second Trump term.

Maduro’s BRICS ambitions hit Brazilian roadblock as Kremlin denies expansion talks

bne IntelliNews October 23, 2024

In a blow to President Nicolas Maduro, Brazil's chief presidential adviser Celso Amorim has expressed opposition to Venezuela's bid to join the BRICS economic bloc, while the Kremlin stated that expansion is not on the agenda at the Kazan summit.

LatAm faces two-speed recovery as Brazil outpaces Mexico in IMF outlook

bne intellinews October 23, 2024

Latin America and Caribbean economies are poised to grow 2.1% in 2024, exceeding July forecasts by 0.3 percentage points, the IMF's latest World Economic Outlook revealed. The revision showcases stark contrasts between the region's largest economies.

Malaysia seeks BRICS membership

bno - Surabaya Office October 22, 2024

Malaysia is aiming to become the latest member of the BRICS bloc, which was originally formed by Brazil, Russia, India, China, and South Africa

Can the BRICS beat the G7?

Ben Aris in Berlin October 19, 2024

Leaders of the Global South will flock to Kazan, the capital of Tatarstan, on October 22 for this year’s BRICS summit hosted by Russia, where they hope to thrash out some more details of the new non-aligned global order.

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