Brazil's annual inflation rate slowed less than expected in early January, official data showed on Friday, cementing the likelihood that the central bank will hike interest rates by 100 basis points at its meeting next week.

Brazil closed 2024 with a current account deficit equivalent to 2.55% of gross domestic product (GDP), the central bank said on Friday, more than double the level seen in the previous year after reporting a shortfall in December.

By Lisandra Paraguassu As world leaders grapple with the U.S. withdrawal from the Paris Agreement, Brazil, the host of this year’s COP30 global climate summit, sees an opportunity to amplify the voices of developing nations in what will be a fierce dispute over who will pay for the global transition to cleaner energy sources.

André Corrêa do Lago, the experienced Brazilian diplomat and climate negotiator appointed this week, told the Financial Times that the exit of the US could also allow nations such as China, India and Brazil to take a bigger role in the world’s most important climate talks.

Brazil’s government will cut some import taxes and eschew both price controls and the use of fiscal measures as it rushes to lower food costs, a top cabinet official said Friday.

Brazil's central bank will raise its benchmark interest rate by 100 basis points on Jan. 29, with more to increases follow, taking the cost of borrowing to the highest in nearly two decades by mid-year,

S ince leaving hospital in December, Luiz Inácio Lula da Silva, known as Lula (pictured), has cut a smart figure. Brazil’s president has taken to wearing a Panama hat to hide deep scars from two emergency brain surgeries.

A Rio de Janeiro zoo is giving ice pops to a bear, a jaguar, wolves and monkeys for some welcome relief from Brazil’s stifling summer heat.

Wildfires in Brazil last year consumed a total area larger than all of Italy, a monitor reported Wednesday, as the country continues to battle blazes often set by farmers and ranchers illegally expanding their territory.

Former Brazilian President Jair Bolsonaro accused the country’s supreme court of persecuting him on Saturday after his appeal against a travel ban was rejected.

Brazil’s former President Jair Bolsonaro says he is the victim of political persecution as he accompanied his wife to the airport to board a flight to represent him at U.S.

Manchester City signing Claudio Echeverri scored two goals as Argentina's Under-20 team defeated rivals Brazil 6-0 on Friday in the South American championship.