Brazil
Tosyali dethrones Eregli to become largest Turkish steelmaker
Company owner Fuat Tosyali became a favourite businessman of president Erdogan. Projects he’s involved in include making Turkey’s “native and national” Altay battle tank.
Fitch affirms Brazil 'BB' rating but flags fiscal uncertainties
Fitch Ratings has affirmed Brazil's long-term foreign currency rating at 'BB' with a stable outlook, citing the country's resilient economy but warning of mounting fiscal pressures and political uncertainties.
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Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
Brazil's hosting of next month's BRICS summit is being overshadowed by the likely absence of two of the bloc's most powerful leaders, threatening to dent the gathering's geopolitical significance.
COMMENT: The long road to a BRICS-led world order hits familiar obstacles
Brazil's upcoming BRICS summit exposes the bloc's growing pains as 21 members wrestle with deep divisions. The group's ambitious challenge to US financial dominance hits reality as internal disagreements threaten its push for global clout.
Farmers powerless to prevent five of the six staple crop yields from plummeting – New Scientist
Efforts by farmers to adapt to rising temperatures will not be enough to prevent severe losses in global staple crop production due to climate change, according to a new study published in New Scientist on June 18.
Where the world is losing tree cover fastest – Statista
North America is close on the heels of Latin America when it comes to tree cover loss, according to data published by the World Resources Institute, Statista reports.
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Huawei and ByteDance plan significant Brazil tech investments amid US-China rivalry
Chinese technology major Huawei Technologies and TikTok owner ByteDance are preparing substantial investments in Brazil's cloud infrastructure and artificial intelligence sectors.
Lula-Zelensky meeting falls through again at troubled G7 summit
Brazilian President Luiz Inácio Lula da Silva departed the G7 summit in Alberta, Canada, on June 17 without holding a planned meeting with Ukrainian President Volodymyr Zelensky, despite Kyiv’s request for bilateral talks.
Spanish-led right-wing alliance plots Latin American electoral sweep
A coalition of conservative and far-right parties from Spain and Latin America has declared its intention to secure victory in seven general elections across the region scheduled for this year and 2026.
COMMENT: Middle East oil shock scenarios pose inflation risk, but economic hit seen as modest
The threat of escalating conflict between Israel and Iran has returned geopolitical risk to the heart of the global oil market. Yet according to Oxford Economics, the macroeconomic fallout – even in the most extreme case – may be mild.
Number of recorded disasters up 50-fold since 1970 – OWID
Tracking the occurrence of natural disasters can save lives by helping countries prepare for future ones, Our World in Data (OWID) reports.
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Latin America splits over Iran-Israel conflict
The escalating Iran-Israel conflict has exposed deep fractures across Latin America, with governments from Buenos Aires to Caracas staking out opposing positions that lay bare deep-rooted political divisions.
Ukraine’s “enemies database” adds foreign leaders over Moscow ties
A Ukrainian website that catalogues perceived "enemies of Ukraine" has added several prominent Russia-friendly foreign leaders to its database, including Brazilian President Luiz Inácio Lula da Silva and Slovak Prime Minister Robert Fico.
CITIES IN PERIL: Adapting the concrete heart of São Paulo to a changing climate
When the rains come to Latin America’s largest metropolis, water reclaims ancient paths buried beneath layers of concrete.
Lula urges Macron to drop opposition to EU-Mercosur agreement
Lula-Macron presidential meeting in Paris highlights European divisions over pact that could reshape transatlantic commerce.
EU selects 13 global strategic raw materials projects to boost supply security
European Commission publishes list with projects in Emerging Europe, Central Asia, Africa and elsewhere as bloc strives to reduce dependency on a handful of global suppliers.
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Brazil’s GDP to slow to around 2% in 2025 on structural challenges, say IMF and OECD
International financial institutions have revised Brazil's GDP growth projections for 2025, with the IMF predicting now higher growth than in the last forecast, at 2.3%, and the OECD forecasting that GDP is to expand 2.1%.
Brazil’s Lula state visit to France to focus on climate and trade
Brazilian President Luiz Inácio Lula da Silva has landed in France to begin a state visit scheduled until June 9, with trade and climate hot topics on his agenda.
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Moody’s warns of Brazil’s rising debt burden, downgrades credit outlook
Brazil’s debt affordability is deteriorating and progress on fiscal reforms has proved slower than expected, clouding the sovereign credit outlook, credit rating agency Moody’s said.
Fires could turn Amazon rainforest into a desert
Fires could turn the Amazon rainforest into a desert as human activity and climate change threaten ‘lungs of the world’, says a study.